Electric cars are becoming far more practical and affordable, and their popularity has inspired more people to own them. Despite becoming more affordable, electric cars are still expensive to insure compared to petrol or diesel-powered vehicles. But why are electric cars expensive to insure compared to their counterparts? Read ahead to learn about the costs associated with electric car insurance and why they are expensive to insure.
Why Is Electric Vehicle Insurance More Expensive?
Electric automobiles are initially pricey since they are a new-age innovation. Electric cars can save money in the long run, but they are pricey to purchase at first. Similarly, when the cost of an electric automobile is high, the cost of electric vehicle insurance is also high. The following are the primary reasons behind the high cost of electric car insurance: