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Electra Meccanica Solo car insurance rates

A three-wheel vehicle that rides the line between motorcycle and car may mean different coverage by state.

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The Electra Meccanica Solo is a three-wheel, electric commuter vehicle designed to reduce the environmental impact of heavy traffic areas. Insurance costs on new vehicle types can be hard to predict, and the Solo offers a unique challenge, in that states like California classify the vehicle as a motorcycle, while Florida allows manufacturers to call it a car.

Small cars like the Smartcar average around $600 annually for car insurance and three-wheeled motorcycles, average just under $900 annually. But the Solo is electric, smaller than the Smartcar and from a brand new manufacturer, so rates could range anywhere from $650 to $1,000 a year. With a sticker price of only $18,500, you can expect an annual insurance cost-to-base-price ratio of 3.5 to 5%, making the Solo relatively cheap to insure.

Name Product Gap insurance Homeowner discount Telematics Has an app? Available states
All 50 states
Your dedicated agent can help you find the best savings with multiple discounts and rewards programs.

Speak to an agent: 877-526-1527

loan/lease coverage
All 50 states & DC
Discover coverage that’s broader than competitors, valuable discounts up to 30% off and perks like shrinking deductibles that reward no claims.
Depends on provider
All 50 states
Get your most compatible insurance options via a "smart matching" method aimed at finding you value.
Telematics only
Available in 31 states
Track your driving to receive a low rate that reflects your driving skills, and enjoy a fully app-based policy experience.
The AARP Auto Insurance Program from the Hartford
All 50 states
Enjoy low rates for mature drivers, plus perks like new car replacement and lifetime repair guarantees. Only for drivers over age 50.
All 50 states & DC
Affordable car insurance with highly rated customer service. Only available to military members and veterans and their family.

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How do I compare insurance for the Solo?

The insurance you get for the Electra Meccanica Solo may depend on whether your Solo is classified as a car or motorcycle in your state. Regardless, you can expect the following factors to affect your insurance rates:

  • Body type. The Solo introduces a unique body type, which has no comparable model in the market. But smaller vehicles tend to come with smaller insurance premiums.
  • Fuel. This electric vehicle was designed to be a commuter car, offering only a 100-mile range between charging. It uses a 220V battery, which means a significantly lower fuel bill each year, but slightly higher insurance rates because of its electric engine.
  • Theft rates. There are no available theft statistics just yet, and the company makes no mention of antitheft devices in its technical specs for the Solo. This doesn’t mean there won’t be any available when it comes out, but if you want to score an antitheft discount, ask what’s available before you make your purchase.
  • Maintenance. The company claims the Solo has 99% fewer parts than a combustion engine, which could make maintenance easier. But electric cars tend to have tech parts that need a specialist to work on them.
  • Coverage. The Solo claims to meet global safety standards and has voluntarily put the car through crash testing, but it’s not subject to the rigorous testing of other passenger vehicles, nor are airbags listed in the specs. So, you may consider extra medical coverage, and roadside assistance for times you run out of enough charge to make it home.
  • Insurer options. With no similar model on the market, it’s hard to say what limitations you’ll face in your search for insurance, but you can expect insurers that cover electric cars and motorcycles to offer a policy for the Solo.
  • Warranty. The Solo comes with a two-year overall warranty and a separate five-year warranty on the battery pack.

Does the Electra Meccanica Solo qualify for discounts?

Because the Solo is only in the reservation stage of production, it’s hard to say which features will be available on the fully released version, but you may get a discount for driving an electric car. Available discounts will also depend on whether the Solo is classified as an enclosed motorcycle or car in your state.

How reliable is the Electra Meccanica Solo?

A car this new to the market may seem like a risk, but the Solo has been testing prototype vehicles since 2018.

  • Safety. The Solo received a US Federal Motor Vehicle Safety Standard certification from the National Highway Traffic Safety Administration and is working through testing requirements to prove the vehicle is in compliance with global safety standards.But the current lack of airbags has kept the car from meeting Canadian national safety standards. The manufacturer is currently seeking an exception.
  • Reliability. Reliability info isn’t available yet for this model. But test drivers of original models complain of a lack of power steering and power brakes, which might lead to vulnerability on the road.
  • Recalls. The only recall on record concerned an inaccurate compliance label that was addressed in 2018.

Bottom line

The Electra Meccanica Solo can save you money on insurance rates, but by how much is only a prediction for now. While this three-wheel commuter may not have a lot of models for comparison, it’s always worth it to shop around for the best price on the coverage you need.

Common questions about Electra Meccanica Solo insurance

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