As many EV owners have discovered after they purchase their vehicles, insurance rates tend to be higher - in some cases, dramatically so - when compared to ICE equivalents. This is due in part to the high cost of replacement parts - chiefly, the battery pack, among other factors - but it also doesn't apply to every electric vehicle out there. In fact, the Ford F-150 Lightning has ranked as one of the cheapest vehicles of any kind to insure on more than one list in recent years, and that's still the case among its peers today.
According to Mercury Insurance, the Ford F-150 Lightning is still one of the top-ten cheapest EVs to insure in 2025, joining the Chevrolet Blazer EV, Chevrolet Equinox EV, Nissan Leaf, Kia Niro EV, Hyundai Kona EV, Mini Cooper SE, Hyundai IONIQ EV (all models), Fiat 500e, and Subaru Solterra/Toyota BZ4X. There are many factors that go into determining insurance costs, including claims filed on similar vehicles, costs to repair, and vehicle safety records.
Mercury Insurance didn’t provide any specific dollar amounts to back up this data, but did note that EVs cost up to $44 more per month on average to insurance than gas-powered vehicles. Regardless, the Ford F-150 Lightning is no stranger to this list, having also made the top 10 last year, while Insurify also found that it's cheaper to insure than the EV pickup's rival, the Tesla Cybertruck, too.
"With federal EV tax credits set to expire in the near future, now is the time to get into an EV for consumers who are interested in one," said Chong Gao, Director of Product Management R&D for Mercury Insurance. "That's why this year's list is especially timely and relevant. These EVs are great choices for consumers who are looking to save on the total cost of car ownership equation. We understand that EVs are still generally considered expensive to purchase, but there are benefits to owning one such as lower operating costs. And, if you choose a vehicle that's on this list, it could lower your insurance costs, too."
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It is obvious that an electric vehicle has less components that needs replacement after a collision. Electric motors and drive units are much sturdier than a gasoline engine and trnsmission, having much lesser moving parts. So the only parts that cost the same to replace are body parts.
Perhaps cheap among EVs but I am getting thoroughly buggered since I got mine. My insurance doubled and I am 50 years old, married, perfect driving record, and perfect credit score. Insurance actually went up another $50 a month this cycle! Now double since I bought it compared to my F250 diesel. Such a scam