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Are you thinking about making the switch to an electric vehicle?
You may be surprised to learn that electric vehicles represented almost 8% of all new motor vehicles registered in the first quarter of 2022, according to Statistics Canada. Out of these 26,018 new zero-emission registrations, 75.7% were battery electric vehicles and 24.3% were plug-in hybrid electric.
If you are one of the many consumers looking to convert to a greener ride, here are the best electric vehicles in Canada and how they will impact your electric car insurance.
Insurance is always a top consideration when buying a car, and electric cars are no different. Before we get to the list of the best electric vehicles for 2022/2023, we just wanted to answer a common question we get about electric cars – are they more expensive for insurance compared to other vehicles?
When you are comparing auto insurance quotes, the process is very similar between electric cars and traditional automobiles. The more expensive a make and model is, the more expensive it can be to insure. EVs are costly to repair and require specialized services for repair, which can lead to higher rates. You may be saving money on gas, but if you are in a collision, you will likely have a higher repair bill.
Insurance for an electric car considers driver specific factors such as demographics, driving history, vehicle use, years of driving and licence class. The vehicle make, model, and value, average kilometres driven, and how you store the vehicle will also play a role.
Before you buy your next vehicle, make sure you compare the options for electric car insurance. Always ask your insurer if you are optimizing discounts such as loyalty, winter tires and driver’s training.
If you are planning to purchase an electric vehicle, there is an insurance savings incentive to consider. In spring 2022, some insurers, such as Aviva Canada and CAA began to offer a green vehicle discount. So if you are planning to purchase an electric vehicle, there is an insurance savings incentive to consider.
Are you planning on switching to an electric vehicle after you trade in your car? Here is a look at the cheapest electrical vehicles in Canada to consider.
Not all electric vehicles come with a high price tag. The 2022 Nissan Leaf starts at $37,498 MSRP, making it one of the cheapest electric cars for Canadians. It’s been around for almost a decade and since then, its range has increased to 240-km all electric driving.
Switching to an electric vehicle? You're already saving on fuel. Now, save on your car insurance too! ThinkInsure offers competitive rates for electric vehicles, plus potential discounts for safety features and your clean driving record. Line your pockets with more green - compare quotes and save on insurance today.
With the modern era of electric vehicles, you don’t have to sacrifice luxury for functionality. Here are the top luxury electric cars for the year ahead.
If you’re opting for a used electric car, there is a vast market out there to choose from. Some consumers are concerned about overused battery concerns, so ensure the vehicle is inspected by a professional. Here is a look at some of the best pre-owned electric vehicles.
One of the main reasons why drivers are converting to electric is to help manage the rising fuel costs. Here are the top three most efficient electric vehicles in Canada for 2022/2023.
If you are comparing a lease vs financing an electric car, you’ll want to consider budget and needs. Many dealerships offer deals to lease electric cars, but the offers are always changing. On average, Tesla is one of the most expensive options to lease, starting at $499 per month and $4,500 due at the time of the agreement. On the other side, the 2022 Hyundai Kona Electric has been as low as $279 per month, $500 cash back, and $3,899 due at signing. You’ll also want to consider the costs of your Ontario car insurance, or another province, before you commit.
As EVs have grown in popularity and manufacturing, electric SUVs are available in various sizes to suit the needs of drivers. Here is a look at the best electric SUVs in Canada for 2022/2023.
EVs are, in fact, built to last for Canadian winters and tough driving conditions. With the proper winter electric vehicle maintenance and vehicle to suit your needs, you’ll get where you need to go through ice and snow.
The face of EVs has drastically evolved in the last few years. Many brand name manufacturers have joined forces to make the future of driving a bit greener. Here are some of the companies that offer electric cars.
EVs have electric motors and rechargeable batteries, versus hybrids that run on electricity and fuel. Hybrids have a backup gasoline motor which can ease the range anxiety that comes along with some electric cars. When choosing which one is right for you, you’ll want to consider how much insurance for hybrid cars is and how long vehicles can run on battery alone vs fuel.
Electric vehicles are often more expensive to buy compared to fuel and hybrids. Prices begin around $40,000 but there are discounts and incentives to make them more affordable. The Government of Canada offers incentives for zero-emission vehicles through the iZEV Program. There are two different options:
Be sure to check out federal and provincial resources to help you save on your EV purchase.
In Canada, the cheapest Tesla model is the Tesla Model 3. This high-performance luxury electric car starts at $59,999 MSRP. It has a 430 km range so it’s perfect for city trips and some road trips. Don’t forget to compare Tesla insurance while you’re at it.
Automobile manufacturers are ramping up to meet driver needs and climate change initiatives around the globe. Canada is mandating that the sale of all cars be fully electric by 2035.
Depending on the battery's size and the charging point's speed, it takes between 30 minutes and 12 hours to fully charge an electric vehicle.
If an electric vehicle is not in your price range, you’ll benefit from learning about the most fuel-efficient cars in Canada. Only time will tell if manufacturers offer a wider range of options to meet the demands and budgets of the country.
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| Categories | Auto |
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| Tags | Buy and Sell VehiclesElectricAuto Coverage |
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