Electric Auto Insurance in Canada

Compare the cheapest car insurance rates for your electric vehicle.

Compare car insurance quotes from companies across Canada

Image of Joel Kranc

Written By Joel Kranc

Contributing writer


About electric vehicle insurance

The growing focus on sustainability — and the rising cost of gas — is leading more people to embrace lower-emission electric vehicles. Statistics Canada says that new registrations of zero-emission vehicles (ZEVs) comprised 5.2% of all vehicle registrations in 2021. Most of those cars (93.4%) were registered in Ontario, Quebec and British Columbia.

EV insurance works the same way as it does for its gas-powered cousins. But EVs require special parts and services by qualified technicians — no surprise then that insurance has the potential to be more costly.

If you own an EV, shopping around for the best premium is especially important. With RATESDOTCA, you can compare over 50 car insurance companies to see which offers the lowest rate.

You can save hundreds of dollars a year just by taking three minutes to compare multiple auto insurance quotes.

The other bit of good news for EV drivers?

Since zero-emission vehicles use less fuel than conventional cars, some insurance companies will offer incentives to entice EV owners to use their services. For example, TD offers customers the Green Wheel Discount to customers who want to insure a hybrid or EV. Desjardins is another company that provides green savings on fuel-efficient vehicles.

Taking advantage of discounts offered and comparing quotes will help trim your premium. Don’t just take our word about the latter, either. The federal government and both Ontario and Alberta’s car insurance regulators recommend shopping around, too.

Keep reading to find the best insurance policy for your EV at the most competitive price.

Back to table of contents

Most recent quotes electric vehicle quotes

Recent Auto Insurance Quote from ETOBICOKE, ONTARIO
Male, Age 42
July 20, 2024
Cheapest Quote
$ 95 / month
$1,139 / year
Average Quote
$ 179 / month
$2,153 / year
$ 85 / month
$1,014 / year
47.10 %
Recent Auto Insurance Quote from MISSISSAUGA, ONTARIO
Male, Age 34
July 20, 2024
Cheapest Quote
$ 643 / month
$7,716 / year
Average Quote
$ 771 / month
$9,251 / year
$ 128 / month
$1,535 / year
16.59 %
Recent Auto Insurance Quote from THORNHILL, ONTARIO
Female, Age 41
July 19, 2024
Cheapest Quote
$ 154 / month
$1,850 / year
Average Quote
$ 258 / month
$3,091 / year
$ 103 / month
$1,241 / year
40.15 %
Auto insurance quotes are compared from CAA, Coachman Insurance Company, Echelon Insurance, Economical Insurance, Gore Mutual, Onlia Insurance, Pafco, Pembridge, SGI, Travelers, Zenith Insurance Company

Electric vehicle car sales in Canada

Annual sales of EVs in Canada (including electric and hybrid) in 2021 totalled 138,056, according to Statistics Canada. As mentioned, the three biggest provinces saw the most sales. Specifically, Ontario had the most with 48,091, Quebec had the second most sales with 38,055 vehicles. B.C. was next with 32,033.

Those sales numbers will likely grow significantly over the next decade and beyond. Why?

Canada has set a target to reduce greenhouse gas emissions from vehicles by 50% by 2030, eliminate them by 2035, and reach zero-emissions status as a country by 2050. Currently, cars account for about 20% of greenhouse gas emissions in Canada, so increasing  EV sales is seen as key to achieving that goal.

As of May 2022, Canadian EV drivers have access to more than 16,000 chargers at more than 6,000 public stations, according to Natural Resources Canada. To encourage more EV purchases, more chargers will be coming as part of a nationwide network expansion. This is part of the Electric Vehicle and Alternative Fuel Infrastructure Deployment Initiative announced in 2016.

Back to table of contents

Car insurance coverage for electric vehicles

What kind of coverage do experts recommend for EVs?

In the grand scheme, EVs are relatively new and have only been mass-produced since 1997, when Toyota rolled out the Prius.

Insurance for EVs is similar to standard car insurance but there may be additional points to consider in terms of liabilities that may be unique to these vehicles.

But first, let's go over the auto insurance coverages that are compulsory in Ontario for all cars, EVs included. Don't live in Ontario? Find out what coverage is mandatory in your province or territory.

Insurance type Mandatory coverage Optional/Additional coverage
Third-Party Liability $200,000 minimum. Provides coverage in the event of a lawsuit resulting from an accident where you are at fault. Coverage can be increased to $500,000, $1 million, or $2 million, with up to $2 million limit.
Direct Compensation-Property Damage (DC-PD) Covers damage to your car, or loss of use of your vehicle, if someone else is at fault. Must involve another insured vehicle. For additional vehicle coverage including for when you are at-fault, consider collision coverage.
Uninsured Automobile Insurance Provides up to $200,000 in coverage if you are injured or killed by an uninsured driver, or if your vehicle is damaged as a result of a hit-and-run by an unidentified, uninsured motorist. Family Protection Coverage is an optional coverage that includes additional coverage of up to $1 million in the case of a hit-and-run by an uninsured motorist.
Statutory Accident Benefits

Provides coverage if you are injured in an accident, regardless of who is at fault. Covers medical expenses that aren’t covered by OHIP. 

Coverage limits can be increased.

Once you have the basics covered, you can tailor your policy to better meet your needs as a driver of an electric car. For example, EV owners may want to talk to an insurance professional about additional liability risks related to charging cables, charging stations and EV battery protection.

Also, EVs have features that standard cars do not, which may add risk and expense if or when repairs are needed. Some of those include:

  • Self-driving features, which present some risk,
  • EV technology can be expensive and more costly to repair,
  • EV batteries are expensive and need to be replaced about once every 10 years,
  • EVs are newer models, so you may want to get extra coverage (this would cost more to pay out of pocket),
  • If you’re financing an EV, your lender will require that you buy a more comprehensive insurance package,
  • Obtain a quote with your broker before purchasing the EV to make sure your budget can handle the expense of the vehicle and maintaining it over the years.

If you’re new to electric vehicles, you may consider adding an endorsement to your policy that ensures you’re reimbursed for emergency roadside assistance. Endorsements are special agreements that allow you to alter your policy and are available in all provinces.

In Ontario, O.E.F. 35, Emergency Service Expense Endorsement, provides such coverage. The Alberta equivalent is known as S.E.F. 35, Emergency Service Expense Endorsement.

Back to table of contents

Average cost of car insurance for an electric vehicle

Electric vehicles are cheaper to fuel up than cars with combustion engines, but how do they compare on insurance costs?

Data from the RATESDOTCA quoter shows that insurance for a Nissan Leaf, one of the cheapest EVs on the market, is comparable to gas-powered cars of equivalent value.


  • Nissan Leaf: $2,561
  • Chevrolet Cruz: $2,598
  • Honda Civic: $2,772


  • Nissan Leaf: $2,022
  • Chevrolet Cruz: $2,088
  • Honda Civic: $2,370

Prices are based on a 30-year-old female driver with 10 years of driving experience and a claims and conviction-free insurance history.

What else affects the cost of auto insurance for an electric vehicle?

Insurance companies keep a close watch on the cost of repairing vehicles. They even track costs by car make and model. Electric vehicles have different parts than gas-powered cars. They also need to be serviced by specialized technicians (of which are in short supply in Canada). These factors combined mean EVs may be slightly more expensive to insure. You can trim your premium by applying for the green vehicle discounts offered by an increasing number of insurers.

Insurance is also based on your personal risk assessments and how good (or not) of a record you may have as a driver.

Back to table of contents

What people say about our quotes

Rating stars

Based on 6,266 reviews

 Trustpilot logo

How to get electric vehicle insurance quotes on RATESDOTCA

New icon step 1 auto insurance

Tell us about your vehicle

Answer a few basic questions about your driving & car insurance history.

New icon step 2 auto insurance

Compare your quotes

See quotes from insurance companies side by side.

New icon step 3 auto insurance

Choose the right coverage

Find the right protection for your vehicle.

New icon step 4 auto insurance

Get covered

Connect with the provider and secure your rate.

Frequently asked questions about electric vehicle car insurance

Is insuring an electric vehicle more expensive?

Typically, the more expensive a car is to replace, the more expensive the insurance will be. EVs have technologies and systems that are costly and may likely increase insurance because of that. However, EV insurance also depends on the risks associated with the driver, where you live and your claims history. It is best to consult your broker and obtain a quote on an EV before purchasing it.

Are there insurance discounts for electric cars?

Insurance discounts for EVs are on a case-by-case basis. While the rates are based more on the expense of replacing the car, personal driver history and other risks will account for the cost. Some discounts can be had depending on the insurer. For example, TD Insurance offers a Green Wheel Discount to drivers who choose to drive an eco-friendly hybrid or EV. Desjardins offers customers between a 10% and 20% discount who drive a hybrid or fuel-efficient car.

Which company provides the best insurance for electric vehicles?

Companies like TD and Desjardins offer customers discounts who purchase green vehicles. Anyone interested in EVs and exploring this further can find these providers and compare the best rates on RATESDOTCA.

How can I save on insurance for an electric vehicle?

Consider traditional savings methods such as increasing deductibles, checking out reviews to see which vehicles are cheaper to insure and bundling rates with home and life insurance. Most importantly, you can get quick comparisons of the best rates for EVs on RATESDOTCA, which offers the fastest way to get multiple insurance quotes and coverages in one place.

Another way to save insurance? Safety. The clearer your driving record the more chance you have of obtaining the cheapest insurance from providers. A clean past driving record will indicate your future driving habits (or so it is believed), leading to better rates, especially if insurance companies are competing for your business.

If you are a new driver, or even want a refresher with the purchase of your new EV, a driver’s training course couldn’t hurt. Insurance providers look favourably on this type of training and will reward you with better rates for your efforts.

Some insurance providers offer a discount if you allow them to monitor your driving habits. Data is gathered either through an app on your phone or a telematics device in your car. Data cannot be used to increase your premium and rates can be reduced if your driving habits are good.

Does the government offer financial incentives for people who purchase electric vehicles?

While the Ontario government scrapped incentives to purchase EVs, the federal government provides rebates of up to $5,000 for the purchase of some EVs (the Tesla Model 3 no longer qualifies). The federal program started in 2019 and has been expanded until 2025.

  • B.C. - Up to $3,000 rebate for buying new BEVs (battery powered electric vehicles) or PHEVs (plug-in hybrid electric vehicles) priced under $55,000.
  • Quebec - Maximum rebate is $7,000 for all electric vehicles and plug-ins will receive a rebate of $5,000.
  • New Brunswick - BEV and PHEVs must be priced under $60,000 and can receive a rebate of up to $3,000 on new vehicles and $2,000 on used vehicles.
  • Newfoundland and Labrador - Rebates are provided on EVs of $2,500 for new vehicles and $1,500 for used ones.
  • Yukon - Rebates of $5,000 are available on new zero-emission vehicles and a rebate for Level 2 chargers and a shipping rebate of $1,500 for used zero-emission vehicles.
  • P.E.I. - EV drivers in PEI qualify for up to $5,000 toward the purchase of a fully electric vehicle or plug-in hybrid

Have questions about what we do?

Answers to common questions about RATESDOTCA

Are there any fees associated with comparing rates on RATESDOTCA?

Comparing rates on RATESDOTCA is absolutely free! We get paid by the brokers and financial services companies we work with so our service always remains free for the consumer.

What products can I compare on RATESDOTCA?

Compare quotes for car insurance, mortgages and credit cards. RATESDOTCA is your one-stop site for all financial products.

RATESDOTCA Auto Insurance

Compare auto insurance rates so you can get a quote within minutes! Either enter your postal code to access our insurance application or your driver's licence number for a much shorter application. We will provide you with accurate auto insurance rates from a variety of companies and connect you with the provider of your choice. Our service is unique in that we update your rate in real time as you're filling out the application while providing full transparency throughout the process! Car insurance quotes are currently available for Ontario and Alberta residents only.

RATESDOTCA Mortgage Rates

RATESDOTCA publishes competing mortgage rates from a variety of brokers and financial institutions. Compare all the rates in an organized table format which will include information on the ratehold period and pre-payment privileges in addition to the actual mortgage rate. Filter your results by the mortgage type and term to get the mortgage product that best fits your needs. Once you've decided on the mortgage product, you can provide your contact information to connect to one of our partner mortgage brokers.


If you're looking to apply for a credit card but not sure which one you want RATESDOTCA is your solution! Compare rates from dozens of different credit cards by reviewing their features, interest rates, annual fee and rewards. Once you've chosen a credit card that you feel is suitable you can apply for it directly through the credit card issuer's website.

What provinces is RATESDOTCA available in?

Car insurance is currently only available to Ontario, Alberta & Quebec residents. Mortgages and credit cards are available across Canada.

How will the information I provide on the site be used?

Any information that you provide on RATESDOTCA will only be transferred to the financial services provider who you've chosen to share it with in order to fulfil your request. We will not sell your information to any third parties without your consent.

Is RATESDOTCA a broker?

RATESDOTCA is not a broker and is not affiliated with any particular financial services company. This allows us to take an objective/un-biased position in helping you compare products on our site.

How does RATESDOTCA make money?

We get compensated by insurance and mortgage brokers for referrals we send to them and by credit card issuers for approved credit card applications originating from our site. We only send referrals to our partners when you indicate that you want to be contacted by them. We do not sell your information to third parties without your consent.

How do I change my email address?

If you're subscribed to one of our services you can change your email on the Subscriptions page. Every one of our emails also contains a link at the bottom to edit your subscription and change your email. Lastly, you can send an email to support@rates.ca to request the change.

Does it matter what browser I use to access RATESDOTCA?

RATESDOTCA is compatible across all browsers and devices. If you do however spot an issue using a particular browser/device please notify us by emailing support@rates.ca.

How do I change my subscription preferences?

Simply click on "Edit Existing Subscriptions" at the top of the Subscriptions page. You will be promoted to enter your email and check your inbox for an email from us containing a link to edit your current subscriptions. Every RATESDOTCA email also contains this link at the bottom. You will be able to change your subscriptions as well as unsubscribe. You may also email support@rates.ca to request any changes to your subscriptions.

How do I contact RATESDOTCA?

You may contact us via email at support@rates.ca or call 1-844-726-0907.

Joel Kranc ,

Joel Kranc is a freelance writer and content provider who has worked with RATESDOTCA since 2019. He holds an MA in political science from the University of Toronto and a film certificate from New York University.

He has been published in and worked for such companies as CNN, Rogers Media, Institutional Investor Magazine, The Globe and Mail, Infrastructure Investor, BenefitsPRO Magazine, Global Finance Magazine, With Intelligence, the CPP Investment Board, Hospitals of Ontario Pension Plan, and many more financial services and industry publications.

He is the author of "Retirement Planning in 8 Easy Steps," which, when released in 2015, was No. 11 on the Publisher's Weekly US Bestseller List for Business and Finance, beating out Mark Cuban's "How to Win at the Sport of Business."

  • Master's of Political Science, University of Toronto
Featured in
  • Benefits Canada
  • Institutional Investor
  • Plan Sponsor Magazine
  • Global Finance Magazine
  • Infrastructure Investor
  • Private Equity Investor
  • The Globe and Mail
  • Fund Directions Newsletter
  • BenefitsPRO
  • HR Professional
  • Advisor's Edge
  • Institutional Investor
  • Employee Benefit Advisor
  • Investing in Infrastructure Magazine (i3)

Latest auto insurance articles

What is pay-as-you-go car insurance?
If you live in Ontario or Nova Scotia and drive fewer than 12,000 kilometres a year, consider a mileage-based insurance program to reduce your rate.
4 mins read
Most common insurance claims in Canada
Home and auto insurance can cover a wide range of claims. Here are just the most common ones.
4 mins read
Will my car insurance cover damage discovered after filing a claim?
It’s rare to find additional damage after a claim has been settled and repairs done. But if it happens, here are your options.
5 mins read

Subscribe to our newsletter

Stay on top of our latest offers, relevant news and tips!

Thanks for joining!

You'll be hearing from us shortly - stay tuned.