Is new energy vehicle insurance more expensive than fuel vehicle?

The insurance cost of new energy vehicles is usually more expensive than that of fuel vehicles.

1, high car price: the price of new energy vehicles is usually higher than that of fuel vehicles, and the insurance cost of vehicles will increase accordingly. Insurance companies usually determine insurance premiums based on vehicle prices. The higher the vehicle price, the higher the insurance premium.

2. High maintenance cost: The maintenance cost of new energy vehicles is higher than that of fuel vehicles. The power system, battery pack and other components of new energy vehicles are relatively expensive, and once they fail or need to be replaced, the maintenance cost will increase accordingly. Insurance companies will also consider the factors of vehicle maintenance costs when considering insurance costs.

3. High vehicle safety performance: New energy vehicles are usually equipped with more safety equipment and technologies, such as electronic stability control system and brake assist system. These devices and technologies can improve the safety performance of vehicles, but they will also increase the compensation risk of insurance companies, and the insurance costs will also increase accordingly.