Cheap Car Insurance in Your Area
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The average cost of EV car insurance is around £629 for the most popular electric car models in the UK, according to our recent analysis. But premiums are highly variable from one car to the next, with quotes ranging from around £400 to over £1,600 per year for our test driver. We've compared car insurance quotes for ten of the most popular all-electric and hybrid electric cars to compare the cost to insure them. Here's what we found.
What's in this article
- How much does it cost to insure an electric car?
- Does it cost more to insure an electric car?
- How to save money insuring an electric car
- Two good EV insurance companies to consider
Electric Car Insurance Cost UK
The cost of comprehensive insurance for popular electric cars in the UK starts from around £480 to over £1,600 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). Some of the cheapest electric cars to buy and insure are the Nissan Leaf, Kia e-Niro and Renault Zoe, with typical quotes starting from just over £400 per year for our driver. In contrast, more expensive cars like the Tesla Model 3 start from well over £1,000 a year.
In the following table, the cars are ranked by popularity. Note, quotes are for a new 2021 model, except for the Mitsubishi Outlander which was quoted for a 2020 (it's no longer available new in the UK).
|Car||Trim||Approximate Car Value||Average of 5 Cheap Car Insurance Quotes|
|Mitsubishi Outlander PHEV||OUTLANDER 4H PHEV CVT||£34,255||£510|
|Kia e-Niro||NIRO 4 EV||£39,695||£429|
|Nissan Leaf||LEAF TEKNA||£29,995||£406|
|Tesla Model 3||MODEL 3 LONG RANGE AWD||£48,490||£955|
|BMW 330e||330E M SPORT AUTO||£42,545||£608|
|Renault Zoe||ZOE I GT LN RAPID CHARGE ZE 50||£32,095||£424|
|Jaguar I-Pace||I-PACE EV400 HSE||£74,445||£899|
|BMW 530e||530E M SPORT AUTO||£52,325||£675|
|Tesla Model S||MODEL S 75D||£91,980||£1,628|
|Weighted average insurance cost (by popularity)||£629|
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. And all-electric cars even cost more to insure than hybrids. Why? For starters, purchase prices of electric cars are usually higher than comparable internal combustion cars.
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
- An all-electric car will cost more to insure than a hybrid
In fact, we have observed that insurance costs could be up to 13% higher for a new electric car compared to the average cost of car insurance for an equivalent hybrid or petrol car. We noticed this by comparing insurance quotes for a series of cars for which there are relatively comparable cars with different types of engines. We looked at a BMW 330e (PHEV) vs 330 (petrol); a Mini Cooper Countryman SE (PHEV) vs S (petrol); Renault Clio E-tech (self charging hybrid) vs Renault Clio (petrol); and a Kia e-Niro (all electric) vs Kia Niro (hybrid). In all cases, the more "electric" the car, the more expensive it was to insure. That is, all-electric costs more than hybrid, which costs more than petrol.
|Make and Model||Engine||Trim||Starting Price||Average of 5 Cheap Car Insurance Quotes|
|BMW 330e||Petrol, plug-in hybrid||330E M SPORT AUTO||£42,545||£608|
|BMW 330||Petrol||330i M SPORT AUTO||£40,645||£562|
Mini Countryman Cooper SE
|Petrol, plug-in hybrid||MINI COUNTRYMAN PHEV SPORT||£36,800||£432|
|Mini Countryman Cooper S||Petrol||2021 MINI, COUNTRYMAN COOPER SPORT||£34,015||£421|
|Petrol, self-charging hybrid||E-TECH 140 Auto||£23,600||£343|
|Renault Clio||Petrol||RS Line TCe 90 Auto CVT 999cc||£21,500||£322|
|All electric||NIRO 4 EV||£39,695||£429|
|Kia Niro Hybrid||Petrol, self-charging hybrid||'4' 1.6 Petrol Self Charging Hybrid Automatic DCT||£30,105||£381|
The extra cost of insurance for an electric car was the least for the Mini Countryman Cooper SE—it only cost 2.7% more to insure the plug-in hybrid Cooper Sport compared to the all-petrol version.
The Kia saw the largest jump in percentage terms for going "more electric", with a 12.8% increase in insurance for the Kia Niro 4 EV (all electric) compared to the Kia Niro 4 (1.6 Petrol Self Charging Hybrid Automatic).
|How much extra does it cost to insure an electric car?|
|BMW 330e (PHEV) vs BMW 330 (petrol)||8.1%|
|Mini Countryman Cooper SE (PHEV) vs Mini Countryman Cooper S (petrol)||2.7%|
|Renault Clio Hybrid (self-charging) vs Renault Clio (petrol)||6.4%|
|Kia e-Niro (all electric) vs Kia Niro Hybrid (self charging)||12.8%|
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|
|Renault Zoe||14 - 23|
|BMW i3||21 - 29|
|Mini Countryman Cooper SE||18 - 20|
|Kia e-Niro 64 kWh||28 - 29|
|Mitsubishi Outlander PHEV||24 - 26|
|Volvo Cx90 Twin Engine||44 - 45|
|BMW 530e||36 - 38|
|Jaguar I-Pace||49 - 50|
|Tesla Model 3||48 - 50|
|Tesla Model S||50|
|Mercedes Benz EQC||50|
How to save money insuring an electric car
- 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
Best Insurance for an EV
Two companies in particular stand out to us for electric vehicle insurance because they offer EV-specific features and they are keen to promote their EV insurance—so their pricing might be particularly competitive for you. They are LV=, which tops our charts of best car insurance companies, and Saga, which caters to the over 50s. Here is a bit about each of them.
LV= EV Car Insurance
LV= car insurance ranks number 1 in our study of the best, cheap car insurance companies in the UK. They have policies with solid features, are highly rated by customers and are usually competitively priced (although they may not be the cheapest cover you can get). We like all of these factors, plus the fact that they've created an EV-specific car insurance offering to meet the unique needs of electric car owners. Here is an overview of these features:
on_current="true" Recovery to the nearest chargepoint if you run out of charge in the UK. They also work with the national roadside electric vehicle charging assistance company, to recharge your vehicle and get you on the road again. This won’t affect your NCD and there’s no excess to pay if you need this. Cover for charging cables, wall boxes and adaptors in case of accidental damage, fire and theft. Battery cover for accidental damage, fire and theft (even if these are leased separately from the car). Over the air (OTA) monthly updates are covered as standard (but be sure to inform LV= if you've made any additional performance upgrades affecting speed or acceleration). Lifetime guarantee on repairs when using LV='s recommended repairer service, for as long as you own the vehicle. Labour only, excludes parts. The use of an electric or hybrid hire car if your EV is off the road (e.g. while in for repairs after a covered accident) so long as you choose the optional hire car cover.
Saga EV Car Insurance
Whether your car is battery-operated (BEV), a hybrid (PHEV) or a zero emissions (ZEV), Saga’s got you covered.
To start with, Saga offer three Comprehensive cover levels, for three different budgets, even their lowest price option has plenty to offer. Saga Standard includes Uninsured Driver Promise (you won’t lose your NCD and there’s no excess to pay if you’re hit by an uninsured driver and you supply their vehicle details) and Cover for Trips Abroad (35+ European countries, for up to 90 days), Saga Select includes great features such as Protected No Claims Discount (where eligible) and Vandalism Promise (you won’t lose your NCD if you make a valid claim for damage caused by vandals). Saga Plus includes plenty of additional features as standard such as 3-Year Fixed Price, so you’ll get a price for one year's cover but, because they fix this for your next two renewals, as long as nothing changes, you'll pay the same price next year and the year after.
All of their policies have been rated 5-stars by Defaqto, and customers have awarded Saga an Excellent ‘4.6’ star rating on Trustpilot. Then to top it all off, Saga have developed specialist car insurance features for EVs that cover situations and risks unique to EV driving such as:
- Battery Replacement. If your battery is damaged by accident or fire.
- Charging cover. Repair or replace cable and charging points if damaged by accident, fire or theft.
- Liability cover. If someone's injured by tripping over your charging cable.
Saga’s car insurance policies are unique products designed by them specifically for people over 50 and underwritten by a number of carefully selected insurers.
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.