Get a Quote Now for EV Insurance
See how much you can save on insurance for your electric vehicle in just minutes. Share a few details about yourself and your EV, and we’ll compare offers from top insurers across Canada to find your best deal.
Specialized Coverage for Your EV
With more electric vehicles on Canadian roads than ever before, “going green” is becoming increasingly affordable and accessible. But because EVs remain a growing niche, they come with unique insurance needs. From high-powered batteries to charging equipment, your coverage should reflect the specific risks of owning and driving an electric vehicle.
Here are some of the factors our brokers consider when preparing your EV insurance quote:
Charging Station Coverage
If you have a home charging station, it’s important to update your home insurance policy so your equipment is fully protected.
Additional Liability Coverage
Extra protection against potential liability claims, such as accidents caused by charging cables on your property.
Temporary Additional Coverage
If you need to borrow a conventional fuel-powered vehicle during extended trips, we can arrange coverage to keep you protected while driving a loaner car, truck, or van.
EV Battery Protection
For leased EV batteries, coverage can extend to third-party suppliers, ensuring that every component of your electric vehicle is safeguarded.
Frequently Asked Questions About Electric Vehicle Insurance
How much does EV car insurance cost?
Similar to coverage for conventional vehicles, EV insurance premiums are determined by factors such as your age, driving record, claims history, and more. Additional liability and property protection may be added to cover EV-specific risks, but many insurers also offer discounts that help offset the cost.
How much is the EV insurance discount?
Most insurers that offer green discounts provide around 5% off. For example, if your annual premium is $3,000, you could save about $150. Since not all insurers offer this benefit, it’s best to work with a broker to ensure you’re taking advantage of every available discount.
Does my hybrid qualify for a green discount?
Yes. In most cases, discounts for electric vehicles also extend to hybrid and plug-in hybrid models.
Are EVs more expensive to insure than gas-powered cars?
It depends on the make, model, and your personal driving profile. In many cases, EV insurance costs are similar to those for gas-powered cars—and in some situations, insuring an EV may actually be less expensive.
As a brokerage working with over 70 of Canada’s leading insurance companies, we provide access to a wide range of coverage options at some of the most competitive rates in the country. Want to explore the solutions available to you? Here are just a few examples.