The cheapest cars to insure

Clean and small enough to fit inside your car, electric cars run on electric power or batteries. If you’re thinking about purchasing an electric car, the important thing to remember is that electric vehicles…

The cheapest cars to insure

Clean and small enough to fit inside your car, electric cars run on electric power or batteries. If you’re thinking about purchasing an electric car, the important thing to remember is that electric vehicles often are cheaper to own, due to their lower fuel costs, compared to their gas-powered cousins. (If you’re investing $60,000 or more in an electric car, understand that you’ll pay for some maintenance costs.) The average electric car has lower repair costs, too, because it’s typically built to last. And, since you’re buying a car on an electricity bill rather than by filling your tank, you’re not assuming the cost of gas. Your regular electric car may not hold up well on slippery streets, so carefully outfit your vehicle with safety, weatherproofing and aerodynamic features before you make a purchase. Finally, if you’re buying an electric car online, only make sure it’s a ‘no-cash’ deal (think: Cars.com, Auto Trader or Kelley Blue Book). There is often a hefty cash deposit to be paid in exchange for the vehicle (though most dealers offer a small amount of cash that is applied to the vehicle’s purchase price). When you don’t use any cash, buyers stand to save $1,200 on top of the initial tax credit and another $1,300 on top of that if you close on the purchase in December.

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