As with most cars, the cost of electric vehicle (EV) ownership goes far beyond what you pay at the dealership. You’ll also have to pay insurance and other costs, but you may be shocked to hear that it often costs more money to insure an EV than to insure a gas-powered car due to higher repair costs, maintenance costs and more.
And these costs can vary by location too. Research from Insurify pointed to New Jersey, California, Maryland, Illinois and Arizona as the five most affordable places for EV drivers who don’t want to spend a fortune on EV insurance premiums.
