Electric vehicles (EVs) can be pricier upfront – and the costs don’t stop at the sticker price. Kelley Blue Book’s latest data puts the average new EV transaction price at $57,245, versus $49,077 for all new cars.
Insurance is another line item that buyers often underestimate. Insure.com reports the average annual full-coverage costs at $3,174 for an EV compared with $2,663 for a gas vehicle, and certain luxury and performance EV models can top $5,000 a year.
Below are the most expensive EVs to insure in 2026, based on Insure.com’s analysis.
Learn More: I’m a Mechanic: Here’s Why I’ll Never Buy an Electric Vehicle
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1. Mercedes-AMG EQS
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Average cost of insurance: $5,648 per year
The Mercedes‑AMG EQS is among the most expensive electric vehicles to insure, primarily due to its advanced electronics and luxury components. Features like the full‑width MBUX Hyperscreen and built‑in OLED displays make repairs more complex and costly, driving insurance premiums higher.
2. Audi e-tron GT
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Average cost of insurance: $5,528 per year
The Audi e-tron GT typically costs more to insure due to its tightly integrated electrical systems and specialized components. Its dual‑motor configuration and 800‑volt architecture make repairs more complex and expensive than average.
3. BMW i7
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Average cost of insurance: $5,480 per year
The BMW i7’s advanced technology, electric powertrain and premium materials lead to higher repair costs. Even minor damage can require specialized parts or labor, pushing insurance premiums higher.
4. Tesla Model S
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Average cost of insurance: $5,074 per year
The Tesla Model S has a unibody construction that combines the body and frame into a single structure, so damage in one area often requires replacing larger sections. A limited repair network and proprietary parts also drive up insurance costs.
5. Porsche Taycan
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Average cost of insurance: $5,073 per year
The Porsche Taycan typically has high insurance costs due to its performance‑focused design and premium construction. Repairs are often expensive, with many components requiring specialized tools or trained technicians.
Editor’s note: Average costs reflect model-year rates and a standard driver profile across states. Rates vary widely by state, driver profile, coverage and insurer.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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