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Average Cost of Electric Car Insurance UK 2020

Cheap Car Insurance in Your Area

Quickly compare over 100 UK insurance providers. Powered by QuoteZone.

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The average cost of insurance for an electric car in the UK is £799, according to our recent analysis. We've compared car insurance quotes for 15 popular all-electric and plug-in hybrid electric cars to compare the cost to insure them. Here's what we found.

Electric Car Insurance Cost UK

The cost of comprehensive insurance for popular electric cars in the UK starts from around £480 up to £1,800 per year, depending largely on the make, model and trim level of the car. (Age and driving history are also major factors; our sample driver was in their 30s with a good record and no claims for 5 years). One of the cheapest electric cars to buy and insure is the Volkswagen e-Up!, with insurance quotes starting from around £480. In contrast, more expensive cars like the Tesla Model 3 start from around £1,400 a year.

Chart showing the cost of electric car insurance in the UK
CarTrimApproximate Car ValueAverage Cheap Car Insurance Quote
Volkswagen e-Up!e-Up!£20,000£479
Renault ZoeEV Play R110£27,000£562
Nissan LeafAcenta£27,000£566
BMW i3i3£33,000£569
Mini Countryman Cooper SECooper Electric Level 1£29,000£610
BMW 225xeActive Tourer I Performance Sport£27,000£610
Kia e-Niro 64 kWhEV 4£35,000£671
Mitsubishi Outlander PHEVMitsubishi Outlander 2.0 MIVEC Design CVT 4WD (s/s) 5dr£27,000£768
Volvo Cx90 Twin EngineR Design£64,000£772
BMW 530eSE£46,000£948
BMW 330eSE Pro£38,000£959
Jaguar I-PaceEV 400 S£64,000£1,066
Tesla Model 3Standard Range Plus£40,000£1,390
Tesla Model SStandard Range Plus£82,000£1,696
Mercedes Benz EQCSport 400£66,000£1,818
Weighted average insurance cost (by popularity)£799

Does it cost more to insure an electric car?

All else equal, it typically costs more to insure an electric car compared to an otherwise equal petrol or diesel car. Why? For starters, purchase prices of electric cars are usually higher than comparable internal combustion cars. And insurance will naturally be more expensive on a more valuable car, because it will cost the insurance company more to repair or replace in the event of accident, theft, fire, etc. Generally speaking, you'll notice the following are generally true of the electric car insurance market:

  • The higher the value of the car, the more expensive the insurance
  • An electric car will cost more to insure than a comparable petrol or diesel car

In fact, we have observed that insurance costs are usually around 20% to 30% higher for a new electric car compared to the average cost of car insurance for an equivalent petrol car. We noticed this by comparing insurance quotes for a Mitsubishi Outlander PHEV vs. petrol Mitsubishi Outlander, all-electric Renault Zoe vs. petrol Renault Clio, electric Mini Countryman Cooper SE vs. petrol Mini Cooper hatchback and all-electric Kia e-Niro vs. Kia self-charging Niro hybrid with a petrol engine.

Insurance quotes will also depend on the insurance group of a car. A certain make and model of car will often have a variety of insurance groups to reflect the different trim levels. Cars with a higher level of trim and more features may have a higher insurance group and be more expensive to insure as a result. Here is the range of insurance groups for the cars mentioned in this article, which helps to explain the difference in insurance prices:

Insurance Group Ranges
Volkswagen e-Up!10
Renault Zoe14 - 23
Nissan Leaf21
BMW i321 - 29
Mini Countryman Cooper SE18 - 20
Kia e-Niro 64 kWh28 - 29
Mitsubishi Outlander PHEV24 - 26
Volvo Cx90 Twin Engine44 - 45
BMW 530e36 - 38
BMW 330e33
Jaguar I-Pace49 - 50
Tesla Model 348 - 50
Tesla Model S50
Mercedes Benz EQC50

How to save money insuring an electric car

There are many ways you can try to reduce the cost of your car insurance, including buying at the optimal time. For example:

  • Comparison shop (e.g., QuoteZone, Confused or Go Compare)
  • Be sure to check with the best, cheap car insurance companies
  • Don't automatically renew without checking the market
  • Pay annually instead of monthly to avoid paying an APR
  • Buy around 3 weeks before the start date
  • Build up your no claims discount
  • Don't pay for extras like a courtesy car if you don't need it
  • Buy a car in a low insurance group

Methodology

We gathered hundreds of quotes from comparison sites to compare the relative cost of cheap car insurance across different popular electric cars (both all electric and PHEV) in the UK. We used a sample driver who is 35 years old and has a good driving record, and who lives in a town in South West England. The car is driven 7,600 miles a year (average UK car mileage) and is parked on a private driveway. Cars are new 2020 models—we used new models for this study because so many new EVs have come to the market recently. Older cars generally cost less to insure.

We took the 5 cheapest quotes for each car and averaged them to determine a starting price for insurance. These figures can be useful to get a general idea of prices and to see how costs compare between cars, but you are likely to be quoted a different amount depending on the details of your application.

Cheap Car Insurance in Your Area

Quickly compare over 100 UK insurance providers. Powered by QuoteZone.

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