According to Jerry data, the average monthly full coverage electric car insurance quote for drivers shopping with Jerry fell from $672 to $547 per month over the period of January 2024 through May 2026, representing a drop of about 19%. Full coverage car insurance for EVs still runs higher than non-electric car quotes: the average for an electric car was 68% more expensive than a non-EV in 2024, falling to 59% for 2026. However, at state minimum coverage, the gap between EV quotes and gas and hybrid quotes is far smaller, narrowing to about 4% in 2026 from about 17% in 2024.

Electric vehicle insurance cost trends by year (2024–2026)

Full-coverage quotes have fallen sharply since 2024, and state-minimum quotes have also trended down at smaller dollar magnitudes.

Full-coverage EV insurance

Full-coverage EV quotes fell about 16% from 2024 to 2025 and edged lower again through the first five months of 2026, when they averaged $547 a month, or about $6,564 a year.

State-minimum EV insurance

State-minimum EV quotes followed the same downward path, falling about 9% from 2024 to 2025 and a further 8% through May 2026. The dollar moves are far smaller than full coverage because quotes themselves are much lower.

Are electric cars more expensive to insure? EV vs. non-electric premiums over time

How EV quotes compare to non-electric car quotes depends on coverage level. At full coverage EVs cost meaningfully more than non-electric vehicles, but the gap is narrowing. At state minimum the gap is much smaller in dollar figure, and it has also narrowed.

Full-coverage EV insurance

EVs still cost more than non-electric cars at full coverage, but the gap narrowed over the window. In 2024 the average full-coverage EV quote ran $271 a month above the equivalent non-electric quote, or about 68% more. By the first five months of 2026 that gap had narrowed to $202 a month, or about 59% more. Both EV and non-electric quotes eased over the period, with EV quotes coming down faster in dollar terms.

State-minimum EV insurance

At state minimum, the gap is much smaller in dollars but still real. It narrowed from about $27 a month in 2024 to under $10 by 2026, going from roughly 17% above non-electric down to about 4%.

Electric vehicle insurance costs by state

EV quote trends on Jerry vary widely by state, and the picture differs by coverage level. For full coverage, Jerry’s biggest EV markets have all seen quotes fall since 2024. At state minimum, the same markets saw mixed results.

Full-coverage EV insurance

In California, the average monthly full-coverage EV quote was lower for Jerry drivers in January through May 2026 than it was in 2024. Texas and Florida drivers have also seen average monthly full-coverage EV quotes fall since 2024.

State-minimum EV insurance

For state minimum coverage, the biggest EV markets are mixed rather than uniformly falling. Jerry drivers in California actually saw their average monthly state-minimum EV quote rise from 2024 to 2025, while Texas and Florida drivers saw theirs fall.

Methodology and about this data

These figures come from Jerry’s own quote data, drawn from more than 2.2 million real EV quotes that drivers received while comparing car insurance in the Jerry app. Full coverage here reflects Jerry’s Standard coverage tier, generally offering 50/100 liability limits, comprehensive and collision at a $1,000 deductible and other coverages. State minimum reflects the minimum level of coverage a state requires drivers to carry.

Electric vehicle here means a battery-electric vehicle, or BEV. We identify EVs using engine data plus a maintained list of battery-electric models, including Tesla, BMW i-series and other EV models. Plug-in hybrids and conventional hybrids sit in the non-electric comparison bucket alongside gas vehicles. The 2026 figures cover January 1 through May 31, 2026.

Expert-driven. Built for you.

Why you can count on Jerry’s articles

Why you can count on Jerry’s articles

Our goal is clear, trustworthy information.

Our content is created, edited and fact checked by a team of licensed insurance agents, automotive pros and experienced journalists who know the industry inside and out. Facts are thoroughly researched, verified and kept current, and our editorial team is separate from our business partners, so our opinions & tips are unbiased. All insights drawn from Jerry’s proprietary, aggregated customer auto insurance quotes data provide unique, real-world guidance.

Our experts

Xuyun Zeng

Xuyun Zeng is a writer and editor with a wide-ranging content background including tech, journalism, cars and health care. After graduating with highest honors in journalism, Xuyun led a newspaper to win eight awards, helped start an award-winning film industry podcast and has written over a hundred articles about cars repair, state laws and insurance. Prior to joining Jerry, Xuyun worked as a freelance SEO consultant with a mission to create the best content that will help readers and grow organic traffic.

See more

Stephanie Colestock

Stephanie Colestock is a professional writer, CFEI®, and licensed insurance agent specializing in personal finance. With over 14 years of experience, she crafts insightful and accessible content on a wide range of financial topics, including insurance, loans, credit/debt, investing, retirement planning, and banking.

Her bylines appear in top-tier publications such as TIME, Fortune, MSN, Business Insider, USA Today, Money, Fox Business, and CBS. Stephanie’s deep understanding of complex financial concepts and her ability to communicate them clearly have made her a trusted voice in the industry.

When she’s not writing, Stephanie enjoys SCUBA diving, reading a good book, and traveling the world with her family.

See more