The cost to insure electric cars is decreasing, according to a recent analysis of millions of car insurance quotes.

While electric car insurance initially cost up to 40 percent more than insurance for gasoline or diesel vehicles, the price difference has shrunk to just 11 percent in the first quarter of this year. This trend indicates a positive shift for electric car owners.

Despite the decrease, electric cars still trigger insurance claims more frequently than fossil fuel cars, although the gap is narrowing.

According to Christian Blondeau, commercial director at Samlino.dk, the reduction in the price difference is attributed to drivers becoming more accustomed to the unique driving characteristics and technology of electric cars. Electric cars often have rapid acceleration, which can lead to accidents if drivers are not prepared.

The technological complexity of electric vehicles can also result in higher repair costs after accidents.

However, as more experienced electric car drivers take to the roads, the number of damages across different vehicle types is becoming more balanced. Blondeau suggests that the insurance market is maturing alongside the increasing popularity of electric cars, leading insurance companies to adjust their risk assessments.

This adjustment is reflected in the narrowing price gap between electric car insurance and fossil fuel car insurance. The data is based on 20.4 million premium calculations from the first quarter of 2022 to the first quarter of 2025, gathered by Samlino.dk from 21 insurance companies.