GROUND NEXT YEAR. BACK ON EARTH, YOU MAY BE THINKING OF MAKING THE JUMP FROM THE PUMP TO THE CHARGING STATION. YEAH, IT’S A POPULAR OPTION. ELECTRIC VEHICLE SALES ARE UP, BUT AS WESH TWO GREG FOX EXPLAINS, THE PREMIUMS YOU PAY FOR INSURANCE ARE GOING UP AS WELL. JUST A DECADE AGO, LESS THAN 1% OF VEHICLES SOLD IN AMERICA WERE ALL ELECTRIC. THIS YEAR, NEARLY 8%. BUT BUYERS WHO ARE THINKING ONLY ABOUT THE PURCHASE PRICE MAY BE OVERLOOKING ANOTHER BIG FACTOR INSURANCE COST AROUND $2,000 A YEAR. MORE TO INSURE AN EV. JULIA TALISON IS A DATA JOURNALIST AT INSURIFY. ITS NEW STUDY SHOWS THAT AMONG THE STATES, FLORIDA RANKS 10TH HIGHEST IN EV INSURANCE PREMIUMS. PART OF THE REASON THEY TEND TO BE MORE EXPENSIVE TO REPAIR COMPARED TO THEIR GAS POWERED COUNTERPARTS. AND ESPECIALLY IN FLORIDA, A HURRICANE STATE, WE’VE SEEN SALTWATER FLOODING THAT CAN CORRODE BATTERIES AND CAUSE FIRES LIKE THESE. THE STUDY, FOUND IN FLORIDA, PREMIUMS FOR GASOLINE MODELS COST NEARLY $3,200 PER YEAR. ELECTRIC NEARLY 5300. THAT’S NEARLY $2,100 DIFFERENCE. 66% HIGHER FOR ELECTRIC VEHICLE PREMIUMS, THOUGH INCREASED PRODUCTION COULD HELP LOWER EV PREMIUMS AS BATTERY COSTS CONTINUE TO LOWER. AS YOU KNOW, LOWER COST MODELS CONTINUE TO COME ONTO THE MARKET. WE COULD SEE THIS CHANGING, YOU KNOW, I MEAN, THERE MAY BE A LITTLE BIT LESS OF A OF A GAP. THERE’S NOT ALWAYS A GAP, AS WE FOUND BY CHECKING SOME LOCAL INSURANCE PREMIUMS. IN COMPARING A HYUNDAI KONA EV WITH THE SIMILAR GAS MODEL, BOTH WERE ABOUT $1,200 PER YEAR FOR THE CHEVY EQUINOX. PREMIUMS FOR BOTH VERSIONS WERE ABOUT $1,100 A YEAR, AND IN BOTH CASES, THE EV MODELS HAD LOWER PREMIUMS. WHAT YOU MAY WANT TO CONSIDER IS, EVEN IF YOUR EV INSURANCE IS MORE EXPENSIVE THAN A GAS POWERED VEHICLE, CHARGING COSTS ABOUT A THIRD OF WHAT YOU WOULD NORMALLY PAY AT THE PUMP. YOU HAVE THE BENEFITS OF ELECTRIC VEHICLE, AND THAT’S NOT THE ONLY SAVINGS. ACCORDING TO ROGER ALI OF CLASSIC AUTOMOTIVE GROUP. SOME OF THE BENEFITS BESIDES NOT HAVING TO VISIT A GAS STATION IS YOU DON’T HAVE TO BRING YOUR CAR IN FOR AS MUCH MAINTENANCE. OIL CHANGES ARE NOT DONE LIKE A GAS CAR, AND EVERY INTERVAL 6 TO 7 MONTHS. SO YOU HAVE SOME SAVINGS THERE AS WELL. RIGHT NOW DEALERS ARE GETTING A LOT OF INTEREST IN EVS WITH A FEDERAL TAX CREDIT OF UP TO $7,500 FOR ALL ELECTRIC VEHICLES RUNNING OUT AT THE END OF THE MONTH. COVERING ORANGE COUNTY GREG FOX WESH TWO NEWS. YOU CAN CHECK WITH DEALERS ABOUT WHICH MAKES AND MODELS OF NEW AND USED CARS QUALIFY FOR THE TAX CREDIT, AND YOU DON’T HAVE TO WAIT FOR NEXT YEAR’S TAX RETURNS.
Electric car insurance is 66% higher than gas vehicles in Florida
Updated: 5:51 PM EDT Sep 23, 2025
Editorial Standards
Just a decade ago, less than 1% of vehicles sold in the U.S. were all electric. Now that number is closer to 80%. But buyers who are thinking only about the purchase price, may be overlooking another big factor: insurance cost. “It’s around $2,000 a year more, to insure an EV in Florida,” said Julia Taliesin, a data journalist at Insurify. Its new study shows that among the states, Florida ranks 10th highest in EV insurance premiums. Part of the reason? They tend to be more expensive to repair, compared to their gas-powered counterparts. And especially in Florida, a hurricane state, WESH 2 News has previously reported that saltwater flooding can corrode batteries and cause fires. The study methodology assumed a safe driving record, and the following coverages: Bodily Injury $50,000 per accident with a maximum of $100,000 per accident. Property damage – $50,000 and a deductible of $1,000 The study found that, in Florida, premiums for gasoline models cost an average of $3,189 per year. Electric? $5,283 annually. That’s a $2,094 difference, 66% higher for electric vehicle premiums, though increased production could help lower EV premiums. Taliesin added, “As battery costs continue to lower, as you know, lower cost models come onto the market, we could see this changing. You know, there might be a little bit less of a gap.” There’s not always a gap, as we found by checking some local insurance premiums. We used the same methodology as Insurify’s study. In comparing a Hyundai Kona EV with the similar gasoline model, the EV model premium was $1,204 compared to $1,218 for the gasoline model. For the Chevrolet Equinox, premiums were $1,164 annually for the EV vs $1,174 for the gasoline model. In both cases, the EV models had slightly lower premiums. What buyers may want to consider, even if their electric vehicle insurance is more expensive, is that charging is about a third of the price of what you would pay at the gas pump. And that’s not the only savings, according to Roger Deally of Holler-Classic Automotive Group. He told WESH 2, “Some of the benefits besides not having to visit the gas station is, you don’t have to bring your vehicles in for as much maintenance. Oil changes are not done like a gas car in intervals of six to seven months. So you have some savings there as well.” Right now, dealers are seeing a lot of interest in EVs with a federal tax credit of up to $7,500 for all-electric vehicles running out at the end of this month.
Just a decade ago, less than 1% of vehicles sold in the U.S. were all electric.
Now that number is closer to 80%.
But buyers who are thinking only about the purchase price, may be overlooking another big factor: insurance cost.
“It’s around $2,000 a year more, to insure an EV in Florida,” said Julia Taliesin, a data journalist at Insurify.
Its new study shows that among the states, Florida ranks 10th highest in EV insurance premiums.
Part of the reason? They tend to be more expensive to repair, compared to their gas-powered counterparts.
And especially in Florida, a hurricane state, WESH 2 News has previously reported that saltwater flooding can corrode batteries and cause fires.
The study methodology assumed a safe driving record, and the following coverages: Bodily Injury $50,000 per accident with a maximum of $100,000 per accident. Property damage – $50,000 and a deductible of $1,000
The study found that, in Florida, premiums for gasoline models cost an average of $3,189 per year.
Electric? $5,283 annually. That’s a $2,094 difference, 66% higher for electric vehicle premiums, though increased production could help lower EV premiums.
Taliesin added, “As battery costs continue to lower, as you know, lower cost models come onto the market, we could see this changing. You know, there might be a little bit less of a gap.”
There’s not always a gap, as we found by checking some local insurance premiums. We used the same methodology as Insurify’s study.
In comparing a Hyundai Kona EV with the similar gasoline model, the EV model premium was $1,204 compared to $1,218 for the gasoline model.
For the Chevrolet Equinox, premiums were $1,164 annually for the EV vs $1,174 for the gasoline model. In both cases, the EV models had slightly lower premiums.
What buyers may want to consider, even if their electric vehicle insurance is more expensive, is that charging is about a third of the price of what you would pay at the gas pump.
And that’s not the only savings, according to Roger Deally of Holler-Classic Automotive Group.
He told WESH 2, “Some of the benefits besides not having to visit the gas station is, you don’t have to bring your vehicles in for as much maintenance. Oil changes are not done like a gas car in intervals of six to seven months. So you have some savings there as well.”
Right now, dealers are seeing a lot of interest in EVs with a federal tax credit of up to $7,500 for all-electric vehicles running out at the end of this month.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.