Your Fuel Type Can Change Your Insurance Cost
The vehicle that saves you money at the pump may not always save you money on insurance.
EV, gas or diesel, which is actually cheaper to insure?
When buying a vehicle, most people compare:
⛽ Fuel cost
💰 Purchase price
🔧 Maintenance
But insurance can change the total cost significantly.
A recent comparison of popular 2025 vehicles found a surprising pattern:
Diesel trucks were generally the cheapest to insure among the vehicles studied.
Gas vehicles landed in the middle.
EVs were the most expensive.
Here were some examples:
Diesel
Ford F-250 Super Duty: $1,706/year
Chevrolet Silverado 1500: $1,813/year
Gas
Ford F-150: $2,359/year
Toyota Corolla: $3,255/year
Honda Civic: $4,032/year
Electric
Tesla Model Y: $3,014/year
Chevrolet Equinox EV: $3,026/year
Hyundai Ioniq 5: $4,342/year
Why can EV insurance cost more?
EVs can require specialized repair facilities, expensive battery components, sensors, and parts.
That can make certain collision and comprehensive claims more expensive.
But fuel type alone does not determine your premium.
Insurers also look at:
✅ Repair costs
✅ Theft history
✅ Claims history
✅ Make and model
✅ Your driving record
✅ Your postal code
✅ Your insurance company
My advice
Before buying your next vehicle, do not just ask:
“How much is the car?”
Also ask:
“How much will this car cost me to insure every year?”
Two vehicles with similar purchase prices can have very different insurance premiums.
Check what insurance will cost before signing the purchase agreement.