Car insurance is one less reason not to buy a hybrid or EV

WARNING: Car insurance laws and regulations are not the same across Canada. The following applies to Quebec only. Please refer to your own car insurance company for information about rates and premiums.

Despite their recent surge in popularity, hybrid and electric vehicles are still a rare sight on Canadian roads. Why? Pricing is the biggest obstacle for most buyers, who don’t really see the point of spending thousands of extra dollars at the dealership to save some money at the pump.

What about car insurance? How do premiums vary from traditional, gas-powered models to hybrid or electric models? Well, I did my own non-scientific enquiry to find out.

More often than not, I was given a lower premium for a hybrid vehicle. Plug-in hybrids turned out to be more expensive, but not by that much. Once again, do I need to remind you about the savings you’ll be making at the gas station?

Before going any further, here are the factors used for calculation by my car insurer:

38-year-old woman, driving since 1993, and living in the Greater Montreal area;
15,000 kilometres a year (none for business);
No accidents and no traffic violations;
No vehicle tracking system;
No credit check and no home insurance to lower the premium;
$500 collision deductible, $250 comprehensive deductible, $1 million liability;
+ $100/year when opting for 4-year replacement value.

Obviously, car insurance premiums vary from one company to another, but I think it’s fairly safe to assume the gaps between traditional vehicles and hybrids/EVs will be similar for most drivers.

MODEL
SE
SE Hybrid
SE Energi (plug-in)

Ford Fusion
$570

$570

$647

MODEL
SEL Hybrid
SEL Energi (plug-in)

Ford C-MAX
$568

$606

MODEL
Base
Plug-in Hybrid

Toyota Prius
$551

$594

MODEL
SE
ST
Electric

Ford Focus
$515
$647
$443

MODEL
AWD
Hybrid

Lincoln MKZ
$805
$648

MODEL
LE
Hybrid LE

Toyota Camry
$810
$652

MODEL
Limited
Hybrid Limited

Hyundai Sonata
$576
$564

MODEL
GLI
Turbo Hybrid

Volkswagen Jetta
$626
$598

MODEL
Base
Hybrid

Acura ILX
$678
$619

MODEL
AWD
Hybrid AWD

Cadillac Escalade
$868
$796

MODEL
LS (gasoline)
Diesel

Chevrolet Cruze
$446

$546

All-electric or extended-range vehicles

MODEL
PRICE

Tesla Model S
$1037

MODEL
PRICE

Nissan LEAF
$534

MODEL
PRICE

Mitsubishi i-Miev
$445

MODEL
PRICE

Chevrolet Volt
$609

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