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Average Cost of Electric Car Insurance UK 2021

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.

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.

Chart showing the cost of electric car insurance in the UK

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).

CarTrimApproximate Car ValueAverage of 5 Cheap Car Insurance Quotes
Mitsubishi Outlander PHEVOUTLANDER 4H PHEV CVT£34,255£510
Kia e-NiroNIRO 4 EV£39,695£429
Nissan LeafLEAF TEKNA£29,995£406
Tesla Model 3MODEL 3 LONG RANGE AWD£48,490£955
BMW 330e330E M SPORT AUTO£42,545£608
BMW i3i3£33,805£636
Renault ZoeZOE I GT LN RAPID CHARGE ZE 50£32,095£424
Jaguar I-PaceI-PACE EV400 HSE£74,445£899
BMW 530e530E M SPORT AUTO£52,325£675
Tesla Model SMODEL 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 ModelEngineTrimStarting PriceAverage of 5 Cheap Car Insurance Quotes
BMW 330ePetrol, plug-in hybrid330E M SPORT AUTO£42,545£608
BMW 330Petrol330i M SPORT AUTO£40,645£562

Mini Countryman Cooper SE
Petrol, plug-in hybridMINI COUNTRYMAN PHEV SPORT£36,800£432
Mini Countryman Cooper SPetrol2021 MINI, COUNTRYMAN COOPER SPORT£34,015£421

Renault Clio
Petrol, self-charging hybridE-TECH 140 Auto£23,600£343
Renault ClioPetrolRS Line TCe 90 Auto CVT 999cc£21,500£322

Kia e-Niro
All electricNIRO 4 EV£39,695£429
Kia Niro HybridPetrol, 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
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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