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Compare electric car insurance quotes in Canada

In just a few minutes, get customized EV insurance quotes from Canada's top providers – your best rate is only a few clicks away.

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What is electric car insurance?

Electric car insurance (also known as electric vehicle insurance or EV insurance) is exactly what it sounds like – it's auto insurance designed specifically for electric cars. Like traditional car insurance, policies for EVs still require the same types of coverage (e.g. third-party liability, accident benefits), but you can also add on special coverages to cater to the unique needs of the vehicle. 

The different types of electric vehicles

There are many different types of electric vehicles available on the market, catering to various needs, preferences, and use cases. Here, we cover the three main ones – battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs).

  • Battery electric vehicles

    These vehicles are powered by battery only. There is no internal combustion engine, allowing the cars to produce zero emissions.

  • Plug-in hybrid electric vehicles

    These vehicles can be charged electrically, but still have an internal combustion engine. The cars run on gas after the battery is depleted.

  • Hybrid electric vehicles

    These vehicles have a gas engine and an electric motor, but there is no plug for charging. The motor is there to help the engine reduce emissions.

Types of electric car insurance in Canada

Electric vehicles require the same types of auto insurance as other conventional cars, and they also come with the same optional coverages. Here, we cover the main ones you should be aware about.

Third-party liability

Accident benefits

Uninsured motorist

Direct compensation for property damage



Optional endorsements

Electrical vehicle insurance add-ons

While the main types of auto insurance for an EV remain the same, some insurers offer specialized coverages to cater to the specific needs of these cars – let's take a look at a few options you can ask your provider about.

  • Battery coverage

    While your battery may already be protected under your policy, it's a good idea to double-check with your insurer and ask about specialized options.

  • Dead battery towing

    This type of coverage provides the funds needed to tow your EV – in case you run out of battery before you're able to make it to a charging station.

  • Charger coverage

    This add-on to your insurance policy ensures you're also covered for damage to your at-home charging cable and charging station.

Looking for cheap electric vehicle insurance?

You've come to the right place – find your lowest rate with our auto insurance rate tool today.

How much does electric car insurance cost?

While there is no one-size-fits-all number for the cost of electric car insurance, we can look at hypothetical rates to help estimate how much you could be paying. Below is a table summarizing EV insurance quotes for 42-year-old female who lives in Toronto, Ontario. The policy accounts for an estimated annual commute of 20,000 km, and it includes three optional insurance endorsements: loss of use, removing depreciation deduction, and accident forgiveness.

Recent electric car insurance quotes from users

Thousands of users come to weekly, looking to save big. With our free quote comparison tool, you can find your lowest auto insurance rate in just a few minutes – here are three sample quotes our users received for their electric vehicles.

  • $131/month

    2008 Toyota Highlander Hybird

    for a 42-year-old male living in Calgary, AB

  • $133/month

    2023 Kia EV6

    for a 48-year-old male living in Oakville, ON

  • $187/month

    2022 Tesla Model Y

    for a 29-year-old female living in Mississauga, ON

Factors that impact your electric car insurance rate

Generally speaking, the more risk you and your vehicle bring, the more expensive your auto insurance rate will be. Below, we cover a few main factors insurers take into account when calculating your EV insurance quotes.

  1. EV make & model

    The more expensive it is to repair or replace your electric car, the higher your insurance rates will be – EVs equipped with the latest tech often come with increased premiums.

  2. Driver demographics

    Young drivers (as well as male drivers) tend to face higher premiums due to statistical risk factors.

  3. Driving behaviour

    Taking out your vehicle more leads to higher insurance premiums. But you can also opt for telematics to get rewarded for safe driving behaviour.

  1. Location

    Busy cities tend to come with higher rates when compared to rural areas. Not only are you more prone to collision, but you're also more prone to theft.

  2. Driver experience

    The longer you've been a driver, the cheaper your insurance will be. And getting your full license will also help.

  3. Coverage & discounts

    It's no surprise that the more coverage you have, the more expensive your insurance will be. But be sure to ask your insurer about available discounts.

Why might insurance for an electric car cost more?

While coverage for an electric car isn't always more expensive than coverage for a gas-powered car, it can be. There are a few different reasons for this, including the factors listed below.

  • Replacement parts

    The high-tech parts of an electric vehicle can make it more expensive to repair after a damage claim is made.

  • Repair training

    To repair an electric vehicle, special training or machinery may be needed, costing insurers a larger payout.

  • Battery cost

    EVs batteries are extremely costly to repair or replace – insurers may take this into account when quoting the vehicle.

Can I get a discount on electric car insurance?

Many providers offer specialty discounts on electric vehicle insurance as a way to promote green driving – be sure to ask around for more details.

How to get cheap electric car insurance

Aside from getting a green vehicle discount, there are many other ways you can save on your electric car insurance policy. Here, we cover a few methods you can try to ensure you're getting the best rate possible.

  1. Compare EV insurance quotes

    You won't know which provider offers the cheapest electric car insurance until your shop around – and with, you can do so in just a few steps.

  2. Bundle policies

    Insurers value customer loyalty, and bundling other coverages (home insurance, tenant insurnace) with your EV policy will help lower your premium.

  3. Install safety devices

    With auto theft on the rise, many insurers are pushing safety devices. Installing one can help lower your rate as you're reducing your risk of falling victim.

  1. Keep a clean driving record

    Insurers look at your driving history to determine your likelihood of making a future claim. The cheapest EV insurance rates go to drivers with clean records.

  2. Track your driving

    With telematics (or usage-based insurance), your insurer tracks your driving habits to quote you more accurately. Practicing safe-driving can decrease your rate.

  3. Increase your deductible

    Your deductible is the amount of money you pay out before your insurer meets you with the rest. Choosing a higher one will lower your regular insurance bill.

Want to see personalized electric car insurance rates?

In just a few minutes, you can compare EV insurance quotes from Canada's top providers.

More resources on electric vehicles in Canada

Looking for more information on electric vehicles in Canada? We've got more resources to help you out – visit any of the blog posts below to learn more about the topic.

Frequently asked questions on electric car insurance

Do electric cars need insurance?

Are electric cars cheaper to insure?

Are electric cars more expensive to insure?