Honda's Fit EV comes with insurance.

Honda's new EV comes with an unusual option: free collision insurance. 

Honda Fit EV will be available for lease starting on July 20 in California & Oregon for $389 a month. 

Although the amount of insurance savings for Honda's new Fit EV will vary based on a consumer's driving record and address, this offer can reduce some of that expense. According to some insurance industry estimates, a single man living in a southern California suburb will save as much as $600 a year.

Starting with Nissan Motor Co., large automakers began selling electric vehicles  in late 2010. But they didn't get good response from customer because of limited range and higher price compared with gasoline-powered vehicles. A charging station is also required in their garage, an expense that can run $1,500 to $2,500, depending on the home.

The first of this new generation of electric vehicles to market is Nissan Leaf. It can travel 73 miles on a single charge and takes about seven hours to charge. The Ford Focus can travel 76 miles on a single charge and takes about four hours to charge. Honda's Fit EV can travel 82 miles on a single charge and takes about three hours to charge.