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If you are looking to save on insurance for your green vehicle, the best discounts for hybrid and electric vehicles are offered by Geico, Progressive, and USAA.
To qualify, customers must have a vehicle that is electric or hybrid. Some companies will only offer the green vehicle discount to electric vehicles, while others offer it to both hybrid and electric car owners.
| Company | Rank | Savings Potential | A.M. Best | Who Qualifies? |
|---|---|---|---|---|
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#1 | 25% | A++ | Drivers of electric or hybrid vehicles |
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#2 | 22% | A+ | Owners of electric vehicles |
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#3 | 21% | A++ | Military members with electric vehicles |
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#4 | 20% | A++ | Electric vehicle drivers |
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#5 | 18% | A+ | Customers driving green vehicles |
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#6 | 17% | A+ | Policyholders with eco-friendly vehicles |
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#7 | 15% | A | Hybrid vehicle owners |
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#8 | 14% | A | Drivers with green vehicles |
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#9 | 12% | A++ | Eco-conscious vehicle owners |
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#10 | 10% | A | Customers with eco-friendly cars |
Continue reading to learn how to score a discount for your eco-friendly car when buying the best car insurance for hybrid vehicles or electric vehicles.
To find affordable auto insurance for your green vehicle today, use our free quote tool to get quotes and find the best deal.
What You Should Know
- Geico has a 25% discount for owners of electric or hybrid vehicles
- Because electric and hybrid vehicles are expensive, rates can be higher
- Ask your provider if they offer a discount for your eco-friendly ride
How to Get an Electric or Hybrid Car Discount
Several insurance companies now offer discounts for electric or hybrid cars, as these cars are more environmentally friendly. Electric and hybrid cars contribute to a cleaner environment by producing fewer carbon emissions, which helps improve air quality.
Companies may offer discounts for both electric and hybrid vehicles or just electric car discounts. If you own an electric or hybrid vehicle and your company offers a green vehicle discount, your insurance company should automatically apply the discount to your policy.
Learn More: 6 Hacks to Save Money on Your Car Insurance Rates
If you qualify for the green car discount and it hasn't been applied to your policy, call your insurance company to ask for assistance.
Best Companies for Electric and Hybrid Car Discounts
Why is insurance so high on EV? It is partly due to the expense of buying these vehicles, which drives up the cost of repairs and replacements. Even the cheapest electric car lease may be higher than a regular gas run vehicle.
Some of the more expensive companies for an eco-friendly vehicle include Allstate Insurance Company and Liberty Mutual Insurance Company. If you're looking to go green with your vehicle, shop around at more affordable companies.
Now that you have an idea of which companies are more expensive for green vehicles, take a look at how much an electric or hybrid discount can save you on car insurance.
| Insurance Company | Before Discount | After Discount |
|---|---|---|
|
$117 | $97 |
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$104 | $94 |
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$121 | $104 |
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$117 | $88 |
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$125 | $106 |
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$115 | $94 |
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$113 | $88 |
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$108 | $87 |
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$125 | $110 |
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$100 | $79 |
We found several auto insurance companies that offer great discounts for electric and hybrid vehicles. Electric and hybrid vehicles can be more expensive to insure, but discounts can help keep EV car insurance rates affordable.
OK, so what type are you? Tell us below! #TravelInsurance will be there to help protect those "you had to be there moments.” pic.twitter.com/krVFLRkQ6z
— Progressive (@progressive) March 13, 2025
Make sure to consider the overall affordability of an insurance company before the green vehicle discount is applied. A large discount may not reduce rates as much as expected if the company has pricy coverage.
Other Savings on Hybrid and Electric Car Insurance
Along with specific auto insurance discounts for electric and hybrid cars, there are several other ways to save on your coverage. First, see if there are any other discounts you can qualify for with your electric or hybrid vehicle.
In addition to checking for other discounts for your hybrid or electric vehicle, consider the following:
- Increase Deductibles: Raising your insurance deductible to an amount you feel comfortable with will reduce rates.
- Bundling Policies: Most companies offer a large discount if you buy both home and auto coverage.
- Telematics Programs: Some insurance companies have driver safety programs that award good drivers with a large discount.
By taking advantage of telematics programs, bundling policies, and more, you can work to reduce your costs beyond just green vehicle-specific discounts.
It's also worth noting that when buying an electric car, you may be eligible for a tax break. Qualifying new electric vehicles can earn you $7,500 in tax credit. Make sure to ask your dealer about this if you are buying an electric car.
Securing a Discount for Your Electric or Hybrid Car
If you are an eco-friendly driver with a hybrid or electric car, call your insurance company to see if they offer one of the best discounts for hybrid and electric cars. It's one of the top ways customers save money on car insurance, and discounts should be automatically applied to your premium if offered by your insurance company.
If your company doesn't offer a discount for drivers going green with electric or hybrid vehicles, this doesn't mean you can't save. Get free insurance quotes for electric cars to find the best deal on coverage.
Frequently Asked Questions
How can I get a hybrid or electric car discount?
Ask if your provider offers a hybrid or electric vehicle discount. If you qualify, the discount should be applied automatically.
What discounts can I get on an electric car?
In addition to an electric vehicle discount, you may be able to qualify for other discounts like safety feature discounts. Ask your provider for a full list of discounts.
Do insurance companies give discounts for electric cars?
Yes, several insurance companies give electric car owners a discount, such as Geico, Progressive, and USAA (Learn More: Best Car Insurance Companies for Electric Vehicles).
Is a hybrid car more expensive to insure?
Wondering is there a downside to hybrid cars? Hybrid cars can be more expensive to insure because they cost more to buy. If you are in an accident and your hybrid car is damaged or totaled, your insurance company will have to pay more.
To find the best hybrid car deals right now on insurance, enter your ZIP in our free quote tool.
Is maintenance more expensive on a hybrid car?
Maintenance can be more expensive on hybrid cars, especially for battery repairs.
Are electric cars expensive to repair?
Yes, electric vehicles can be more expensive to repair, especially if it is battery issues (Read More: Does car insurance cover repairs?).
Which insurance is best for an electric car?
Full coverage insurance is best for electric vehicles, as it includes collision and comprehensive coverage.
Which EV is the cheapest to insure?
EVs that will be cheaper to insure will be the EVs that are cheaper to buy, like the Kia Soul EV or Nissan Leaf.
Who provides the cheapest Tesla insurance?
If you qualify for USAA car insurance, it will have some of the cheapest rates for electric vehicles like Teslas. While Tesla provides its own Tesla Insurance in certain states, it will be pricier.
What does the government give you for buying an electric car?
Buying a qualifying electric vehicle could give you $7,500 in tax credit that year.