Chevrolet Spark EV Insurance Rates

Is insurance high on Chevy Spark?

Upon first glance, you might not think insurance for the Chevy Spark will be so high. After all, it's a small car and should cost less to insure than larger vehicles such as SUVs and trucks. However, you'll find that insurance costs for this car are actually very reasonable given its size.

How much is insurance on a Chevy Spark?

One-day insurance policy on a Chevy Spark in Ann Arbor, MI costs between $23 and $70. This is for the exact same driver with a clean record.

Do EVS cost more to insure?

Insurers must be able to calculate the likelihood of claims being made on a vehicle, and since electric vehicles are still fairly new, the data available is limited. This makes it difficult for insurers to predict whether or not there will actually be more accidents involving an electric vehicle (EV) than your average petrol or diesel car. On top of this, EVs have some other risks that traditional cars do not - such as overheating batteries. Do you need extra coverage if you own an EV? The answer isn't clear-cut, but I'll walk you through what exactly needs to be considered when insuring an EV.

Why is EV insurance more expensive?

This is not an easy question to answer. If you search the internet for answers, they range from ''insurance companies are greedy!'' to ''it's all about limiting losses on powertrain replacement.'' Others talk about how expensive it can be to repair or replace a battery pack. This last one is true but comes with some nuances.

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