While buying a new electric vehicle (EV) can be exciting, discovering the cost of insuring an EV may come as a surprise. In general, electric cars are more expensive to insure than gasoline-powered ...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Electric Insurance Company (EIC) ...

Electric vehicles save money at the pump. But hidden insurance costs can erase those savings fast. Over the past decade, electric vehicles (EVs) have become increasingly common. However, despite ...

Electric vehicles continue to gain in popularity: Sales of EVs accounted for 16.3% of all light-duty vehicles in the U.S in 2023, according to Consumer Reports. That's up from 14% in 2022 and about 9% ...

The Electric Vehicle (EV) Insurance Market is poised for significant expansion, reflecting the rapid adoption of electric mobility and the evolving needs of EV owners. The market size was valued at ...