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On average, auto insurance premiums for a hybrid vehicle can range from $1,800-$4,000 per year. The cost of hybrid car insurance depends on a variety of factors, including the specific make, model and year of the vehicle you have.
What does it cost to insure my hybrid car?
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Hybrid vehicles are becoming more common on the roads. In 2023, hybrid car sales made up more than 16% of all light-duty vehicle sales in the US.
If you own a hybrid or are thinking about purchasing one, you might be wondering about the cost of car insurance. In this guide, we’ll help you understand how much hybrid car insurance costs, and which hybrid makes and models are the cheapest to insure.
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The cost of hybrid car insurance depends on a variety of factors, including the specific make, model and year of the vehicle you have. Based on our analysis of recent hybrid rate data, auto insurance premiums for a hybrid can range from an average rate of $1,894 to $3,975 per year.
To help you understand what you might pay for hybrid car insurance, we gathered average rates for some of the most popular hybrid models. In the table below, you can see the average auto insurance premiums for popular 2022 base trim models:
Annual rates for a single 35-year-old male, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024.
If you’re wondering, “Are hybrid cars more expensive to insure,” the short answer is yes. In general, hybrid vehicles have higher average insurance premiums than gas-powered vehicles. However, the cost of your policy will depend on the make, model, trim level, and year of your specific hybrid vehicle.
In addition to the type of hybrid you drive, there are many personal factors that will impact your premium. For example, your location, credit score, age, gender, driving record, and claim history will likely affect the cost of your auto insurance.
If you’re shopping for hybrid car insurance, it’s a good idea to get rate quotes from several insurance companies. Different companies might calculate different rates for the same vehicle type and coverages. Comparing quotes can help you find the cheapest rate for your situation.
Personalized rate estimates at the top insurance companies in your state
Your rates will vary based on where you live, your age, and other factors like your driving record
It’s difficult to determine which hybrid is the cheapest to insure overall. While some models generally have lower rates than others, the cost of your insurance policy will depend on factors besides the make and model of your vehicle.
However, after analyzing average rate data, we found that the Honda CRV Hybrid EX, Hyundai Santa Fe Hybrid Blue, and the Jeep Wrangler 4xe Unlimited High Altitude have the cheapest average car insurance premiums.
Hybrids with cheap insurance:
If you’re thinking about swapping out your gas-powered vehicle, you’re probably looking for cheap hybrid cars to insure. Our rate data shows that the Honda CRV Hybrid, Hyundai Santa Fe Hybrid, and the Jeep Wrangler 4xe are the cheapest models to insure, each with an average $1,894 annual premium for their base trim 2022 model.
The Honda CRV Hybrid is a compact crossover SUV with a hybrid powertrain. It features a spacious and comfortable interior and advanced safety features. Erie Insurance, Progressive, and Nationwide are among the cheapest insurance companies nationwide for Honda CRV Hybrids, making it an affordable option for those seeking both value and reliability.
The Hyundai Santa Fe Hybrid is a mid-size SUV that combines fuel efficiency and comfort. It offers a spacious interior, advanced safety features, and a range of technology options. Erie Insurance, Progressive, and Nationwide are among the cheapest insurance companies nationwide for Hyundai Santa Fe Hybrids, making it an affordable option among mid-size SUV hybrids.
The Jeep Wrangler 4xe offers the same rugged capability and versatility as the traditional Wrangler, but with improved fuel efficiency and lower emissions. This makes it a compelling choice for those seeking both adventure and sustainability. Erie Insurance, Progressive, and Nationwide are among the cheapest insurance companies nationwide for Jeep Wrangler 4xes.
Hybrids with more expensive insurance:
Before you purchase a hybrid, it’s a good idea to plan for more expensive insurance premiums. Our rate data shows that the most expensive insurance among popular 2022 hybrids is for the Porsche Panamera 4 E-Hybrid, which has a national average premium of nearly $4,000 per year. Many other popular 2022 hybrid models have average car insurance premiums well above $2,000.
These popular 2022 hybrid models are the most expensive to insure, according to the rates we analyzed.
The Porsche Panamera 4 E-Hybrid is a luxury plug-in hybrid sedan that features a sleek design, advanced technology, and a powerful hybrid powertrain. Although it is the most expensive hybrid to insure, Progressive, Nationwide, and State Farm are among the cheapest insurance companies nationwide for Porsche Panamera 4 E-Hybrids, providing an option for those seeking luxury and value.
The Porsche Cayenne E-Hybrid is a premium mid-size SUV that combines luxury and efficiency. It offers a powerful hybrid powertrain, advanced technology, and a comfortable and spacious interior. Although it is among the most expensive hybrids to insure, Progressive, Auto-Owners Insurance, and State Farm are among the cheapest insurance companies nationwide for Porsche Cayenne E-Hybrids.
The Toyota Avalon Hybrid is a full-size sedan that offers a comfortable ride, a spacious cabin, and impressive fuel efficiency. Although it is among the most expensive hybrids to insure, Erie Insurance, Nationwide, and Auto-Owners Insurance are among the cheapest insurance companies nationwide for Toyota Avalon Hybrids.
Cost of plug-in hybrid car insurance
If you’re researching hybrid vehicles, chances are you’re already aware of the differences between plug-in and non-plug-in hybrids. One difference you might not know about: plug-in hybrid vehicles often have different insurance premiums than full hybrid models. However, it all depends on the specific vehicle you have.
Recent rate data shows that the Ford Escape Plug-in Hybrid is the cheapest plug-in hybrid model to insure, with an average premium of $1,894. On the other end of the spectrum is the Volvo S90 Recharge Plug-in Hybrid, which has an average annual rate of $2,900.
Below, you can see the average premiums for some of the most popular 2022 plug-in hybrid vehicles with base trim.
These popular 2022 hybrid models are the most expensive to insure, according to the rates we analyzed.
The Ford Escape Plug-in Hybrid is a compact SUV that features a plug-in hybrid powertrain, a spacious interior, and advanced safety features, making it an affordable option for those seeking a practical and eco-friendly vehicle. Erie Insurance, Progressive, and Nationwide are among the cheapest insurance companies nationwide for Ford Escape Plug-in Hybrids.
The Kia Niro Plug-in Hybrid is a versatile and efficient compact SUV that offers a range of technology features. It features a plug-in hybrid powertrain that provides both electric and gasoline power options. Erie Insurance, Progressive, and Nationwide are among the cheapest insurance companies nationwide for Kia Niro Plug-in Hybrids.
The Volvo XC60 Recharge Plug-in Hybrid is a luxury mid-size SUV that combines performance, safety, and sustainability. It features a plug-in hybrid powertrain, advanced safety features, and a premium interior. Erie Insurance, Progressive, and Nationwide are among the cheapest insurance companies nationwide for Volvo XC60 Recharge Plug-in Hybrids.
Several popular brands offer hybrid vehicles, including Toyota, Honda, Ford, Kia, Hyundai, Porsche, Volvo, and more. These brands are committed to creating eco-friendly vehicles that offer a balance of performance, efficiency, and sustainability. Each brand has its unique features, designs, and technologies, making it easier for consumers to find a hybrid vehicle that suits their needs, preferences, and budget.
Porsche
Popular Hybrids:
1. Cayenne
2. Panamera
Volvo
Popular Hybrids:
1. XC60 Recharge Plug-In Hybrid
2. S60 Recharge Plug-In Hybrid
3. S90 Recharge Plug-In Hybrid
The cost of hybrid car insurance depends on many factors. However, it’s possible to reduce insurance cost for your hybrid. When shopping for auto insurance, look for insurers that offer discounts for hybrid or electric vehicles. Pay attention to other discounts offered, like savings for insuring a new vehicle, paying in full, bundling your policies, or taking a defensive driving course. Other ways to lower your car insurance costs include improving your credit score and choosing higher deductibles.
Before you purchase an insurance policy, it can be beneficial to shop around and compare rates. This can help you find the cheapest policy for your situation.
To get started, take our short quiz to see how much you can expect to pay to insure your hybrid.
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Do hybrid cars need more insurance?
No, hybrid vehicles don’t need more car insurance or special types of car insurance. You’re only required to carry the minimum amount of car insurance that is required in your state. However, many hybrid owners can benefit from optional car insurance coverages, like collision insurance and comprehensive insurance.
Do insurance companies give discounts for hybrid cars?
Some car insurance companies provide a discount for hybrid vehicles. For example, Travelers is one insurer that offers a discount if you own or lease a hybrid vehicle.
Are hybrid cars cheaper to insure?
In general, hybrid cars are more expensive to insure than gas-powered vehicles. However, the cost of car insurance for hybrids depends on the type of hybrid you have, your personal driver profile, your policy details, and your insurance company.
Why is car insurance so expensive on electric cars?
Car insurance premiums for electric vehicles can be high because they tend to have more value and are more expensive to repair than gas-powered vehicles. However, it’s possible to lower the cost of electric vehicle insurance through discounts, choosing higher deductibles, and comparing quotes to find the lowest rate.
Rate Retriever rates are based on public rate filings obtained by analytics company First Interpreter. This data comes from the rating plans insurance carriers submit to each state’s department of insurance. Rating plans detail how each carrier calculates premiums using factors such as location, age, gender, and driving record, and they ensure that insurance premiums are both fair and competitive.
For the data on this page, we made the following assumptions: a 35-year-old single male with a clean driving record and Good credit score. We adjusted this profile by vehicle make, model, trim, and year to determine the rates you see on this page.
These rates are not actual quotes and should only be used for comparative purposes. Your rates can vary significantly based on your unique driver profile.
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