How much does it cost to insure a hybrid car?
Drivers can expect to pay slightly more than the provincial average for hybrids. Based on ThinkInsure customer data, the average cost for hybrid car insurance is $2,362 per year or $196 monthly. The type of hybrid model will have a minimal impact on rates:
- Hybrid car: $2,254 per year
- Hybrid SUV: $2,087 per year
- Hybrid truck: $1,845 per year
The cost to insure a hybrid will vary on a variety of factors, such as the make and model, year, MSRP, and average repair costs, in addition to your driving history, coverage needs, and location.
For example, car insurance in Toronto for a hybrid could be different than if you lived in a rural area or small town. A Ford hybrid could change your premiums compared to a Toyota or a Chevy.
At ThinkInsure, we consider all factors to help you find the lowest premium.
What hybrid cars have the lowest insurance rates?
The cost of insuring a hybrid vehicle varies considerably depending on the make and model. Based on our data, the Ford Escape Hybrid stands out as the most expensive to insure, with an annual premium of $1,846 ($154 monthly). The Honda Accord Hybrid offers the lowest annual premium at $1,311 ($109 monthly).
| Vehicle |
Type |
Premium |
Monthly Payment |
| Honda Accord Hybrid |
Car |
$1,311 |
$109 |
| Toyota Prius |
Car |
$1,740 |
$145 |
| Hyundai Tucson Plug-in Hybrid |
SUV |
$1,827 |
$152 |
| Ford Escape Hybrid |
SUV |
$1,846 |
$154 |
| Ford Maverick |
Truck |
$1,766 |
$147 |
| Toyota Tundra Hybrid |
Truck |
$1,769 |
$147 |
*
Hybrid SUV insurance rates
On average, hybrid SUVs cost $2,087 annually to insure. The cost of insuring a hybrid SUV varies considerably. Our data shows a range from a high of $2,437 annually for the Toyota RAV4 Hybrid and Mitsubishi Outlander PHEV to a low of $1,827 annually for the Hyundai Tucson Plug-in Hybrid. This difference of over $600 highlights the influence of factors like vehicle make, model, features, and even the specific trim level on insurance premiums.
| Vehicle |
Premium |
Monthly Payment |
| Toyota RAV4 Hybrid |
$2,437 |
$203 |
| Mitsubishi Outlander PHEV |
$2,413 |
$201 |
| Kia Sorento Hybrid |
$2,124 |
$177 |
| Toyota Corolla Cross |
$2,118 |
$177 |
| Kia Sportage Hybrid |
$2,088 |
$174 |
| Ford Escape Hybrid |
$1,846 |
$154 |
| Hyundai Tucson Plug-in Hybrid |
$1,827 |
$152 |
**
How do hybrid car insurance rates compare by model?
The cost of insuring a hybrid car shows a significant range, with the Toyota Camry Hybrid offering the highest annual premium at $3,266, considerably more than the average.
At the other end of the spectrum, a Honda Accord Hybrid boasts the lowest premium at $1,311, demonstrating a substantial difference of over $1,900 compared to the most expensive option. Models like the Toyota Corolla Hybrid, Hyundai Elantra Hybrid, and Kia Niro fall in the mid-range, highlighting the considerable variability in insurance costs even within the hybrid vehicle segment
| Vehicle |
Premium |
Monthly Payment |
| Toyota Camry Hybrid |
$3,266 |
$272 |
| Toyota Corolla Hybrid |
$2,723 |
$227 |
| Hyundai Elantra Hybrid |
$2,503 |
$209 |
| Hyundai Sonata Hybrid |
$2,347 |
$196 |
| Kia Niro |
$2,288 |
$191 |
| Honda Accord Hybrid |
$2,191 |
$183 |
| Toyota Crown |
$2,093 |
$174 |
| Hyundai Sonata Hybrid |
$2,078 |
$173 |
| Toyota Prius Prime |
$1,740 |
$145 |
| Honda Accord Hybrid |
$1,311 |
$109 |
**
Hybrid truck insurance rates
The cost of insuring a hybrid truck varies greatly, with the average annual premium hovering around $1,845. The Toyota Tacoma Hybrid stands out with an average annual cost of $2,038 annually ($170 monthly). More affordable options like the Toyota Tundra Hybrid and Ford Maverick cost $1,769 annually ($147 monthly).
| Vehicle |
Premium |
Monthly Payment |
| Toyota Tacoma Hybrid |
$2,038 |
$170 |
| Ford F-150 PowerBoost Hybrid |
$1,808 |
$151 |
| Toyota Tundra Hybrid |
$1,769 |
$147 |
| Ford Maverick |
$1,766 |
$147 |
**
