There are many things to consider when asking if EVs are cheaper to insure than ICE cars. And policy options differ between provinces as well. In some provinces, competing companies provide highly variable rates, but in general, pricier vehicles will cost more when it comes to insurance, and EVs typically have higher price tags than their gas counterparts. The insurance arms of the Canadian Automotive Association (CAA) – Desjardins, TD and Intact Insurance – all offered discounts to EV owners, mostly about five per cent. Read the original article.
