Indeed, it’s more expensive to purchase and own an electric vehicle than a conventional gas-powered model — in the short term. Considering the sticker price of the Tesla Model 3, Chevy Bolt and Nissan Leaf, along with the average retail price of electricity and premiums for full-coverage car insurance, the average cost of electric vehicles is $38,540 in the first year — $4,338 more than for a gas-powered car.
What to know about the Chevy Bolt recall: General Motors expanded its recall in August 2021 to include all Chevy Bolt electric cars over fire concerns with its high-voltage battery packs. The National Highway Traffic Safety Administration (NHTSA) has more information.
After the initial cost of buying the more expensive electric car passes, the cost of gas over time makes the gas-powered model more expensive. In ValuePenguin’s model, expenses for electric vehicles after two years are $3,701 more expensive than their counterparts, $3,064 after three, $2,427 after four and $1,790 after five. After eight years, electric vehicles are the more affordable option, costing $121 less than a gas-powered car. After 10 years of owning an electric car, gas-powered alternatives are $1,395 more expensive.
| 1 | $38,540 | $34,202 | $4,338 |
| 2 | $42,026 | $38,325 | $3,701 |
| 3 | $45,513 | $42,449 | $3,064 |
| 4 | $48,999 | $46,572 | $2,427 |
| 5 | $52,486 | $50,696 | $1,790 |
| 6 | $55,972 | $54,819 | $1,153 |
| 7 | $59,459 | $58,942 | $516 |
| 8 | $62,945 | $63,066 | -$121 |
| 9 | $66,432 | $67,189 | -$758 |
| 10 | $69,918 | $71,313 | -$1,395 |
Electric vehicles are most affordable relative to gas-powered cars in Oregon. After one year, expenses for electric vehicles are $3,940 greater than those for gas-powered cars. After five years, consumers spend $202 less on an electric vehicle in Oregon than they would for a gas model. On the contrary, electric vehicles are most expensive in Massachusetts, where consumers spend $4,574 more after one year than they would for electric vehicles.
The following table displays expenses for electric and gas-powered vehicles after one year:
| 1 | Oregon | $38,458 | $34,519 | $3,940 | |
| 2 | Washington | $38,432 | $34,487 | $3,946 | |
| 3 | Alaska | $38,842 | $34,880 | $3,962 | |
| 4 | Nevada | $38,457 | $34,462 | $3,995 | |
| 5 | California | $38,730 | $34,672 | $4,058 | |
| 6 | Arizona | $38,516 | $34,378 | $4,137 | |
| 7 | Idaho | $38,427 | $34,286 | $4,141 | |
| 8 | Utah | $38,439 | $34,274 | $4,165 | |
| 9 | Montana | $38,465 | $34,279 | $4,187 | |
| 10 | West Virginia | $38,447 | $34,224 | $4,224 | |
| 11 | Pennsylvania | $38,492 | $34,263 | $4,229 | |
| 12 | Hawaii | $39,127 | $34,880 | $4,248 |
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Part of the reason why electric vehicles are more expensive than regular cars is due to insurance costs. On average, the cost of insuring an electric vehicle is 39% more expensive than a gas-powered model. As with any car, the cost of coverage depends on factors unique to each car. For instance, it costs $3,921 a year to insure a Tesla, but $2,857 and $2,549 to insure the Chevy Bolt and Nissan Leaf, respectively.
Where is insurance for a Tesla available? Tesla’s insurance product is available in California and is slated to be introduced in Texas in the future. This coverage promises to offer proprietary discounts for drivers who use Tesla’s smart driving technology. Though Tesla’s insurance is only available in one state, drivers can insure Tesla models with conventional providers.
But most people don’t know that electric vehicles typically cost more to insure. Sixty-seven percent of people aren’t aware that car insurance for an electric vehicle will likely be more expensive than it is for a gas-powered car. Nearly one-quarter (24%) think they can more easily find cheap insurance coverage for gas-powered cars, while 44% think coverage for both types costs about the same.
{“backgroundColor”:”white”,”content”:”u003C/pu003Ennu003Cpu003EIndeed, itu2019s more expensive to purchase and own an electric vehicle than a conventional gas-powered model u2014 in the short term. Considering the sticker price of the Tesla Model 3, Chevy Bolt and Nissan Leaf, along with the average retail price of electricity and u003Cspanu003Eu003Ca class=”ShortcodeLink–root ShortcodeLink–black” title=”Average Cost of Car Insurance” href=”https://www.valuepenguin.com/average-cost-of-insurance”u003Epremiums for full-coverage car insuranceu003C/au003Eu003C/spanu003E, the average cost of electric vehicles is $38,540 in the first year u2014 $4,338 more than for a gas-powered car.u003C/pu003Ennu003Cpu003Eu003Cdiv class=”ShortcodeBorder–root ShortcodeBorder–with-padding”u003Eu003C/pu003Ennu003Cpu003Eu003Cstrongu003EWhat to know about the Chevy Bolt recallu003C/strongu003E: General Motors u003Cspanu003Eu003Ca class=”ShortcodeLink–root ShortcodeLink–black” rel=”nofollow” title=”Consumer Alert: GM Expands Recall, All Chevrolet Bolt Vehicles Now Recalled” href=”https://www.nhtsa.gov/press-releases/recall-all-chevy-bolt-vehicles-fire-risk”u003Eexpanded its recallu003C/au003Eu003C/spanu003E in August 2021 to include all Chevy Bolt electric cars over fire concerns with its high-voltage battery packs. The National Highway Traffic Safety Administration (NHTSA) has more information.u003C/pu003Ennu003Cpu003Eu003C/divu003Eu003C/pu003Ennu003Cpu003EAfter the initial cost of buying the more expensive electric car passes, the cost of gas over time makes the gas-powered model more expensive. In ValuePenguin’s model, expenses for electric vehicles after two years are $3,701 more expensive than their counterparts, $3,064 after three, $2,427 after four and $1,790 after five. After eight years, electric vehicles are the more affordable option, costing $121 less than a gas-powered car. After 10 years of owning an electric car, gas-powered alternatives are $1,395 more expensive.u003C/pu003Ennu003Cpu003Eu003Cdiv class=”ReactComponent–root”u003En u003Cdiv class=”js-react-component-rendered js-react-component-SortableTable” data-component-name=”SortableTable”u003En u003Cdiv class=”StyledRootWrapper-sc-3qeib4 jYHfZo”u003Eu003Cdiv class=”StyledTableWrapper-sc-5nmmx9 fesmOM”u003Eu003Cdiv class=”StyledTableOverflowWrapper-sc-hixhp9 gVbnK”u003Eu003Ctable class=”StyledTable-sc-ujzn9t jVpJxq”u003Eu003Cthead class=”StyledHeaderRow-sc-1m1b8dn cBFLrt”u003Eu003Ctru003Eu003Cth width=”” colSpan=”1″ class=”StyledHeaderCell-sc-nsptsd gkalnJ”u003Eu003Cdiv class=”StyledColumnHeaderWrapper-sc-12xyb2r gPTwhA”u003Eu003Cspanu003ETime period (years)u003C/spanu003Eu003C/divu003Eu003C/thu003Eu003Cth width=”” colSpan=”1″ class=”StyledHeaderCell-sc-nsptsd gkalnJ”u003Eu003Cdiv class=”StyledColumnHeaderWrapper-sc-12xyb2r glLrYA”u003Eu003Cspanu003EElectric vehicleu003C/spanu003Eu003C/divu003Eu003C/thu003Eu003Cth width=”” colSpan=”1″ class=”StyledHeaderCell-sc-nsptsd gkalnJ”u003Eu003Cdiv class=”StyledColumnHeaderWrapper-sc-12xyb2r glLrYA”u003Eu003Cspanu003EGas-powered vehicleu003C/spanu003Eu003C/divu003Eu003C/thu003Eu003Cth width=”” colSpan=”1″ class=”StyledHeaderCell-sc-nsptsd gkalnJ”u003Eu003Cdiv class=”StyledColumnHeaderWrapper-sc-12xyb2r glLrYA”u003Eu003Cspanu003EDifferenceu003C/spanu003Eu003C/divu003Eu003C/thu003Eu003C/tru003Eu003C/theadu003Eu003Ctbody class=”StyledBody-sc-14y8oc0 dcdMVT”u003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E1u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$38,540u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$34,202u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$4,338u003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E2u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$42,026u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$38,325u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$3,701u003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E3u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$45,513u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$42,449u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$3,064u003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E4u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$48,999u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$46,572u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$2,427u003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E5u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$52,486u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$50,696u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$1,790u003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E6u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$55,972u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$54,819u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$1,153u003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E7u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$59,459u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$58,942u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$516u003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E8u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$62,945u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$63,066u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E-$121u003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E9u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$66,432u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$67,189u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E-$758u003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E10u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$69,918u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$71,313u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E-$1,395u003C/tdu003Eu003C/tru003Eu003C/tbodyu003Eu003C/tableu003Eu003C/divu003Eu003C/divu003Eu003C/divu003En u003C/divu003Enn u003Cscript type=”application/json” class=”js-react-component” data-component-name=”SortableTable”u003E{“alignsHorizontal”:[“left”,”right”,”right”,”right”],”alignsVertical”:[],”columnWidths”:[],”data”:[[“Time period (years)”,”Electric vehicle”,”Gas-powered vehicle”,”Difference”],[“1″,”$38,540″,”$34,202″,”$4,338”],[“2″,”$42,026″,”$38,325″,”$3,701”],[“3″,”$45,513″,”$42,449″,”$3,064”],[“4″,”$48,999″,”$46,572″,”$2,427”],[“5″,”$52,486″,”$50,696″,”$1,790”],[“6″,”$55,972″,”$54,819″,”$1,153”],[“7″,”$59,459″,”$58,942″,”$516”],[“8″,”$62,945″,”$63,066″,”-$121″],[“9″,”$66,432″,”$67,189″,”-$758″],[“10″,”$69,918″,”$71,313″,”-$1,395″]],”footnote”:””,”hideHeaderRow”:false,”hasMarginBottom”:true,”isExpandable”:true,”isSortable”:false,”maxWidth”:”1215″,”minWidth”:”100%”,”showSearch”:false,”sortColumnIndex”:0,”sortDirection”:”asc”}u003C/scriptu003Ennu003C/divu003Eu003C/pu003Ennu003Cpu003EElectric vehicles are most affordable relative to gas-powered cars in Oregon. After one year, expenses for electric vehicles are $3,940 greater than those for gas-powered cars. After five years, consumers spend $202 less on an electric vehicle in Oregon than they would for a gas model. On the contrary, electric vehicles are most expensive in Massachusetts, where consumers spend $4,574 more after one year than they would for electric vehicles.u003C/pu003Ennu003Cpu003EThe following table displays expenses for electric and gas-powered vehicles after one year:u003C/pu003Ennu003Cpu003Eu003Cdiv class=”ReactComponent–root”u003En u003Cdiv class=”js-react-component-rendered js-react-component-SortableTable” data-component-name=”SortableTable”u003En u003Cdiv class=”StyledRootWrapper-sc-3qeib4 jYHfZo”u003Eu003Cdiv class=”StyledTableWrapper-sc-5nmmx9 fesmOM”u003Eu003Cdiv class=”StyledTableOverflowWrapper-sc-hixhp9 gVbnK”u003Eu003Ctable class=”StyledTable-sc-ujzn9t jVpJxq”u003Eu003Cthead class=”StyledHeaderRow-sc-1m1b8dn cBFLrt”u003Eu003Ctru003Eu003Cth width=”” colSpan=”1″ class=”StyledHeaderCell-sc-nsptsd gkalnJ”u003Eu003Cdiv class=”StyledColumnHeaderWrapper-sc-12xyb2r gPTwhA”u003Eu003Cspanu003ERanku003C/spanu003Eu003C/divu003Eu003C/thu003Eu003Cth width=”” colSpan=”1″ class=”StyledHeaderCell-sc-nsptsd gkalnJ”u003Eu003Cdiv class=”StyledColumnHeaderWrapper-sc-12xyb2r gPTwhA”u003Eu003Cspanu003EStateu003C/spanu003Eu003C/divu003Eu003C/thu003Eu003Cth width=”” colSpan=”1″ class=”StyledHeaderCell-sc-nsptsd gkalnJ”u003Eu003Cdiv class=”StyledColumnHeaderWrapper-sc-12xyb2r glLrYA”u003Eu003Cspanu003EElectric vehicleu003C/spanu003Eu003C/divu003Eu003C/thu003Eu003Cth width=”” colSpan=”1″ class=”StyledHeaderCell-sc-nsptsd gkalnJ”u003Eu003Cdiv class=”StyledColumnHeaderWrapper-sc-12xyb2r glLrYA”u003Eu003Cspanu003EGas-powered vehicleu003C/spanu003Eu003C/divu003Eu003C/thu003Eu003Cth width=”” colSpan=”1″ class=”StyledHeaderCell-sc-nsptsd gkalnJ”u003Eu003Cdiv class=”StyledColumnHeaderWrapper-sc-12xyb2r glLrYA”u003Eu003Cspanu003EDifferenceu003C/spanu003Eu003C/divu003Eu003C/thu003Eu003Cth width=”” colSpan=”1″ class=”StyledHeaderCell-sc-nsptsd gkalnJ”u003Eu003Cdiv class=”StyledColumnHeaderWrapper-sc-12xyb2r gPTwhA”u003Eu003Cspanu003Eu003C/spanu003Eu003C/divu003Eu003C/thu003Eu003C/tru003Eu003C/theadu003Eu003Ctbody class=”StyledBody-sc-14y8oc0 dcdMVT”u003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E1u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003EOregonu003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$38,458u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$34,519u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$3,940u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003Eu003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E2u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003EWashingtonu003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$38,432u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$34,487u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$3,946u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003Eu003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E3u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003EAlaskau003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$38,842u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$34,880u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$3,962u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003Eu003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E4u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003ENevadau003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$38,457u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$34,462u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$3,995u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003Eu003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E5u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003ECaliforniau003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$38,730u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$34,672u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$4,058u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003Eu003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E6u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003EArizonau003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$38,516u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$34,378u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$4,137u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003Eu003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E7u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003EIdahou003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$38,427u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$34,286u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$4,141u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003Eu003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E8u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003EUtahu003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$38,439u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$34,274u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$4,165u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003Eu003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E9u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003EMontanau003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$38,465u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$34,279u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$4,187u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003Eu003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E10u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003EWest Virginiau003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$38,447u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$34,224u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$4,224u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003Eu003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E11u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003EPennsylvaniau003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$38,492u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$34,263u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$4,229u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003Eu003C/tdu003Eu003C/tru003Eu003Ctru003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003E12u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003EHawaiiu003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$39,127u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$34,880u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee frAYUA”u003E$4,248u003C/tdu003Eu003Ctd colSpan=”1″ rowspan=”1″ width=”” class=”StyledBodyCell-sc-5cu9ee XfhRD”u003Eu003C/tdu003Eu003C/tru003Eu003C/tbodyu003Eu003C/tableu003Eu003C/divu003Eu003C/divu003Eu003Cdiv role=”button” class=”StyledExpander-sc-1gnrutu ckEygv”u003EShow All Rowsu003C/divu003Eu003Cp class=”SortableTable–footnote”u003EStates ordered by difference in expenses after one year.u003C/pu003Eu003C/divu003En u003C/divu003Enn u003Cscript type=”application/json” class=”js-react-component” data-component-name=”SortableTable”u003E{“alignsHorizontal”:[“left”,”left”,”right”,”right”,”right”],”alignsVertical”:[],”columnWidths”:[],”data”:[[“Rank”,”State”,”Electric vehicle”,”Gas-powered vehicle”,”Difference”,””],[“1″,”Oregon”,”$38,458″,”$34,519″,”$3,940″,””],[“2″,”Washington”,”$38,432″,”$34,487″,”$3,946″,””],[“3″,”Alaska”,”$38,842″,”$34,880″,”$3,962″,””],[“4″,”Nevada”,”$38,457″,”$34,462″,”$3,995″,””],[“5″,”California”,”$38,730″,”$34,672″,”$4,058″,””],[“6″,”Arizona”,”$38,516″,”$34,378″,”$4,137″,””],[“7″,”Idaho”,”$38,427″,”$34,286″,”$4,141″,””],[“8″,”Utah”,”$38,439″,”$34,274″,”$4,165″,””],[“9″,”Montana”,”$38,465″,”$34,279″,”$4,187″,””],[“10″,”West Virginia”,”$38,447″,”$34,224″,”$4,224″,””],[“11″,”Pennsylvania”,”$38,492″,”$34,263″,”$4,229″,””],[“12″,”Hawaii”,”$39,127″,”$34,880″,”$4,248″,””],[“13″,”North Dakota”,”$38,460″,”$34,201″,”$4,259″,””],[“14″,”Wyoming”,”$38,434″,”$34,151″,”$4,283″,””],[“15″,”Delaware”,”$38,516″,”$34,214″,”$4,302″,””],[“16″,”Maryland”,”$38,540″,”$34,222″,”$4,318″,””],[“17″,”Nebraska”,”$38,467″,”$34,140″,”$4,327″,””],[“18″,”Kentucky”,”$38,451″,”$34,121″,”$4,330″,””],[“19″,”Wisconsin”,”$38,520″,”$34,180″,”$4,340″,””],[“20″,”South Dakota”,”$38,497″,”$34,154″,”$4,343″,””],[“21″,”North Carolina”,”$38,480″,”$34,136″,”$4,344″,””],[“22″,”Ohio”,”$38,484″,”$34,137″,”$4,347″,””],[“23″,”Colorado”,”$38,504″,”$34,151″,”$4,352″,””],[“24″,”Illinois”,”$38,483″,”$34,124″,”$4,359″,””],[“25″,”Iowa”,”$38,467″,”$34,092″,”$4,375″,””],[“26″,”Minnesota”,”$38,509″,”$34,131″,”$4,378″,””],[“27″,”Oklahoma”,”$38,426″,”$34,043″,”$4,383″,””],[“28″,”New Mexico”,”$38,464″,”$34,073″,”$4,391″,””],[“29″,”Maine”,”$38,634″,”$34,234″,”$4,400″,””],[“30″,”Virginia”,”$38,482″,”$34,081″,”$4,401″,””],[“31″,”Louisiana”,”$38,421″,”$34,010″,”$4,411″,””],[“32″,”Tennessee”,”$38,488″,”$34,069″,”$4,419″,””],[“33″,”Arkansas”,”$38,438″,”$34,018″,”$4,420″,””],[“34″,”Kansas”,”$38,507″,”$34,081″,”$4,426″,””],[“35″,”Vermont”,”$38,678″,”$34,245″,”$4,433″,””],[“36″,”Indiana”,”$38,495″,”$34,062″,”$4,433″,””],[“37″,”Texas”,”$38,451″,”$34,005″,”$4,446″,””],[“38″,”Missouri”,”$38,487″,”$34,039″,”$4,449″,””],[“39″,”Florida”,”$38,513″,”$34,059″,”$4,454″,””],[“40″,”New Jersey”,”$38,613″,”$34,154″,”$4,459″,””],[“41″,”Mississippi”,”$38,474″,”$34,005″,”$4,469″,””],[“42″,”New York”,”$38,644″,”$34,175″,”$4,470″,””],[“43″,”Michigan”,”$38,551″,”$34,081″,”$4,470″,””],[“44″,”South Carolina”,”$38,499″,”$34,029″,”$4,470″,””],[“45″,”Georgia”,”$38,493″,”$34,005″,”$4,488″,””],[“46″,”Alabama”,”$38,492″,”$34,001″,”$4,491″,””],[“47″,”Connecticut”,”$38,789″,”$34,245″,”$4,544″,””],[“48″,”Rhode Island”,”$38,784″,”$34,231″,”$4,553″,””],[“49″,”New Hampshire”,”$38,739″,”$34,180″,”$4,558″,””],[“50″,”Massachusetts”,”$38,781″,”$34,206″,”$4,574″,””]],”footnote”:”States ordered by difference in expenses after one year.”,”hideHeaderRow”:false,”hasMarginBottom”:true,”isExpandable”:true,”isSortable”:false,”maxWidth”:”1215″,”minWidth”:”100%”,”showSearch”:false,”sortColumnIndex”:0,”sortDirection”:”asc”}u003C/scriptu003Ennu003C/divu003Eu003C/pu003Ennu003Cpu003EPart of the reason why electric vehicles are more expensive than regular cars is due to insurance costs. On average, the u003Cspanu003Eu003Ca class=”ShortcodeLink–root ShortcodeLink–black” title=”How Having an Electric Vehicle Impacts the Cost of Insurance” href=”https://www.valuepenguin.com/how-having-electric-car-affects-your-auto-insurance-rates”u003Ecost of insuring an electric vehicleu003C/au003Eu003C/spanu003E is 39% more expensive than a gas-powered model. As with any car, the cost of coverage depends on factors unique to each car. For instance, it costs $3,921 a year to u003Cspanu003Eu003Ca class=”ShortcodeLink–root ShortcodeLink–black” title=”How Much Does it Cost to Insure a Tesla?” href=”https://www.valuepenguin.com/tesla-car-insurance”u003Einsure a Teslau003C/au003Eu003C/spanu003E, but $2,857 and $2,549 to insure the Chevy Bolt and Nissan Leaf, respectively.u003C/pu003Ennu003Cpu003Eu003Cdiv class=”ShortcodeBorder–root ShortcodeBorder–with-padding”u003Eu003C/pu003Ennu003Cpu003Eu003Cstrongu003EWhere is insurance for a Tesla available?u003C/strongu003E Tesla’s insurance product is available in California and is slated to be introduced in Texas in the future. This coverage promises to offer proprietary discounts for drivers who use Tesla’s smart driving technology. Though Tesla’s insurance is only available in one state, drivers can insure Tesla models with conventional providers.u003C/pu003Ennu003Cpu003Eu003C/divu003Eu003C/pu003Ennu003Cpu003EBut most people don’t know that electric vehicles typically cost more to insure. Sixty-seven percent of people aren’t aware that car insurance for an electric vehicle will likely be more expensive than it is for a gas-powered car. Nearly one-quarter (24%) think they can more easily find u003Cspanu003Eu003Ca class=”ShortcodeLink–root ShortcodeLink–black” title=”Cheapest Car Insurance” href=”https://www.valuepenguin.com/best-cheap-car-insurance”u003Echeap insurance coverageu003C/au003Eu003C/spanu003E for gas-powered cars, while 44% think coverage for both types costs about the same.u003C/pu003Ennu003Cpu003E”,”padding”:”double”}