Deciphering which companies quote the cheapest insurance rates for electric cars takes a bit more work in order to find the best price. Each auto insurance company has a proprietary method to establish rates, so we will examine the insurance companies with the most affordable rates in California.
Keep in mind that California insurance rates are influenced by many factors which can significantly increase or decrease the cost of having a policy. Simply getting older, getting divorced, or getting a few speeding tickets can trigger changes in premium that may make certain companies cheaper than competitors.
Best Insurance Companies for EV’s
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,143 |
| 2 | Wawanesa | $1,146 |
| 3 | CSAA | $1,198 |
| 4 | Nationwide | $1,213 |
| 5 | Century National | $1,226 |
| 6 | 21st Century | $1,338 |
| 7 | Grange | $1,447 |
| 8 | Progressive | $1,496 |
| 9 | Allstate | $1,513 |
| 10 | Mercury | $1,548 |
| 11 | The Hartford | $1,575 |
| 12 | GEICO | $1,575 |
| 13 | Allied | $1,588 |
| 14 | MetLife | $1,606 |
| 15 | Esurance | $1,688 |
| 16 | Unitrin | $1,699 |
| 17 | State Farm | $1,750 |
| 18 | Bristol West | $1,777 |
| 19 | Travelers | $1,788 |
| 20 | Farmers | $2,006 |
| Get Personalized Rates Go | ||
USAA generally has some of the lowest car insurance rates in Irvine at around $1,143 each year. This is $508 less than the average premium paid by California drivers of $1,651. Wawanesa, CSAA, Nationwide, and Century National also rank well as some of the lowest-priced Irvine, CA car insurance companies.
As shown in the rates above, if you buy coverage from Nationwide and switched to USAA, you may see yearly savings of roughly $70. California drivers with Century National could save as much as $83 a year, and 21st Century policyholders might cut rates by $195 a year.
Understand that those prices are averaged across all insureds and vehicles and and are not figured with an exact location for electric cars. So the insurer that fits your age and vehicle best may not even be in the list above. That underscores the importance of why you need to quote rates from as many companies as possible using your own driver and vehicle profiles.
One of the more important components that are looked at to determine the price you pay for insurance is your zip code. Cities with more crime and/or more people likely pay more, whereas areas with less people or fewer weather incidents can boast about having cheaper rates.
The information below lists the highest-priced places in California for electric cars to purchase car insurance in. Irvine makes the list at #25 with the annual price of $1,343 for coverage, which is about $112 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Glendale | $2,142 |
| 2 | Los Angeles | $2,083 |
| 3 | Oakland | $1,738 |
| 4 | San Francisco | $1,711 |
| 5 | Sacramento | $1,669 |
| 6 | San Bernardino | $1,596 |
| 7 | Stockton | $1,588 |
| 8 | Fontana | $1,581 |
| 9 | Garden Grove | $1,570 |
| 10 | Long Beach | $1,562 |
| 11 | Santa Clarita | $1,548 |
| 12 | Modesto | $1,547 |
| 13 | Riverside | $1,527 |
| 14 | Moreno Valley | $1,506 |
| 15 | Anaheim | $1,488 |
| 16 | Fresno | $1,472 |
| 17 | Santa Ana | $1,439 |
| 18 | San Jose | $1,437 |
| 19 | Bakersfield | $1,381 |
| 20 | Huntington Beach | $1,374 |
| 21 | San Diego | $1,368 |
| 22 | Fremont | $1,361 |
| 23 | Chula Vista | $1,350 |
| 24 | Oxnard | $1,344 |
| 25 | Irvine | $1,343 |
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Rates are approximated as the vehicle garaging location can modify premium rates substantially.
The make and model of vehicle you are seeking coverage for is a large consideration when shopping around for the best insurance for electric cars. Vehicles with average performance, a great safety record, or a positive history of liability claims will cost less to insure than higher performance models. The list below showcases car insurance costs for some of the cheapest vehicles to insure.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 4WD | $844 |
| Toyota Prius | $914 |
| Ford F-150 XLT Regular Cab 4WD | $924 |
| Ford Edge Limited 2WD | $957 |
| Ford Escape Limited 2WD | $965 |
| Chevrolet Malibu Hybrid | $975 |
| Toyota RAV4 Limited 4WD | $980 |
| Chevrolet Equinox LT AWD | $975 |
| Ford Explorer Limited 2WD | $994 |
| Toyota Camry XLE | $1,029 |
| Jeep Grand Cherokee Limited 2WD | $1,047 |
| Toyota Tacoma 2WD | $1,076 |
| Nissan Altima 2.5 4-Dr Sedan | $1,100 |
| Dodge Grand Caravan Hero | $1,108 |
| Hyundai Sonata Limited 4-Dr Sedan | $1,119 |
| Chevrolet Silverado 2500HD LTZ Crew Cab Diesel 4WD | $1,126 |
| GMC Sierra Denali Crew Cab 4WD | $1,119 |
| Find Cheaper Rates Go | |
Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Information does not factor in vehicle garaging location which can influence insurance rates substantially.
Based upon the rates shown, you can infer that makes and models like the Honda CR-V, Toyota Prius, and Ford F-150 are most likely going to be some of the most budget-friendly vehicles to insure for eco-friendly vehicles.
Impact of citations and accidents on Irvine insurance rates
In a perfect world, the ideal way to find affordable insurance rates in Irvine for eco-friendly vehicles is to drive safely and maintain a clean driving record. The chart below illustrates how speeding tickets and accidents influence insurance prices for different age groups. The rate quotes are based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are applied.
In the prior example, the average cost of an auto insurance policy in Irvine per year with no accidents and a clean driving record is $2,633. Factor in two speeding tickets and the average cost hikes up to $3,643, an increase of $1,010 each year. Now add one accident along with the two speeding tickets and the yearly cost of insurance for electric cars goes up to an average of $4,673. That’s an increase of $2,040, or $170 per month, just for not paying attention while driving!
Get discounts on Irvine insurance rates
Insurance companies that offer quotes for electric cars could also offer rate discounts that can lower rates by as much as 40% or more if you are eligible to receive them. A few popular companies and a selection of discounts are shown below.
- American Family offers discounts including good student, bundled insurance, accident-free, air bags, and mySafetyValet.
- Farm Bureau has discounts for driver training, youthful driver, multi-vehicle, 55 and retired, and good student.
- State Farm may have discounts that include multiple autos, Steer Clear safe driver discount, accident-free, passive restraint, safe vehicle, good student, and Drive Safe & Save.
- Travelers may include discounts for save driver, continuous insurance, IntelliDrive, good student, and home ownership.
- The Hartford offers premium reductions for vehicle fuel type, good student, anti-theft, air bag, defensive driver, and bundle.
- GEICO includes discounts for federal employee, seat belt use, good student, driver training, and multi-policy.
- Progressive has savings for continuous coverage, good student, multi-policy, online signing, online quote discount, and homeowner.
The information below shows the difference between insurance prices with and without discounts applied to the rates. The price estimates are based on a female driver, no driving violations, no at-fault accidents, California state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with vehicle safety, passive restraint, accident-free, marriage, anti-theft, and homeowner discounts applied. When taking advantage of discounts, theaverage yearly reduction on insurance for electric cars is 28% or $549.
If you aren’t sure which coverage to buy and prefer to get some professional input when comparing insurance rates for eco-friendly vehicles, the insurance agencies below can most likely help you make a decision which policy is best.
To locate an Irvine insurance agent in your neighborhood, click the button below the list.
- Allstate Insurance: Jeff Adams
4860 Irvine Blvd Ste 206 – Irvine, CA 92620 – (714) 505-2457 - AIS | Auto Insurance Specialists | Irvine
16969 Von Karman Ave #100 – Irvine, CA 92606 – (949) 660-7061 - Hodge and Hodge Insurance Inc
10 Hughes # 205 – Irvine, CA 92618 – (949) 458-0442
View more Irvine, CA insurance agencies
How to find more affordable auto insurance for electric cars
The list below details some of the better money-saving solutions that can help drivers get more affordable coverage.
- Do not get tickets
- Try to remain claim-free
- Drive attentively and avoid accidents
- Buy vehicles with good safety ratings
- Multi-policy discounts save money
- Compare quotes from other companies often
That last idea is particularly important, as was affirmed in this article. Insurance rates in Irvine fluctuate constantly, so you should be ready to buy a different policy if a better rate can be found.
Loyalty to a specific company is fine, but it’s not a good idea if that faithfulness ends up costing you hundreds of dollars a year. In just a few minutes you could shop around to find cheaper insurance for electric cars.