CyberPolicy is monitoring news of the coronavirus (COVID-19) outbreak and has activated a business continuity plan in response to the situation. We have implemented precautionary and preparedness measures to reduce exposure to the coronavirus and are prepared to maintain normal business operations.

Study: Electric Cars Cheaper to Insure Than Gasoline Equivalents

Electric cars tend to be cheaper to insure, says a new study by online comparison-shopping program CoverHound Insurance.

On average, drivers save $200 a year on insurance when they switch from gas to electric, CoverHound's CEO Keith Moore says.

After selling about 20,000 policies, Moore says, "we found the electric cars were much cheaper to insure than what people were driving before they switched."

A driver ditching a Cadillac CTS for a Chevy Volt could save $600 a year, CoverHound's data show.

Click here for the full Los Angeles Times article.

© 2010 - CoverHound LLC - All rights reserved.
PO Box 9070, Carlsbad, CA. 92018-9070
CoverHound© is a trademark of CoverHound LLC
DBA: CoverHound Insurance Solutions - CA License
No. 6005304