How much does it cost to insure an electric car?

Is EV insurance automatically more expensive?

Not always. It can actually be cheaper to insure an EV than a petrol or diesel car.

This is because, generally speaking, EVs have more safety aids, which help reduce their insurance group rating.

They also have fewer moving parts so in some circumstances can take less time to repair after an accident.

How can I reduce the cost of my EV insurance?

You can reduce the cost of EV insurance by shopping around comparison sites and high-street brokers to establish a competitive price.

These include having a driveway you can park on, paying a higher excess, estimating your annual mileage accurately and having a good driving record. Others include adding a named driver who also has a good record. 

You can also reduce your premium by avoiding doubling up on breakdown cover (for example, if it’s included with the car) and legal assistance if it’s included with your home insurance. Another is choosing an EV in a low insurance group.

Which EVs are the cheapest to insure?

A quick way to judge a car’s likely insurance cost is by its insurance group (there are 50, with Group 1 being the cheapest).

This is how we’ve drawn up our shortlist of three examples that won’t break the bank.

There are cheaper ones out there, such as the Smart EQ Forfour in Group 9, but we decided to go with more mainstream cars in the three most popular model categories.

They may be cheap on paper, but your own personal circumstances and driving record play an even more important role in determining your insurance premium.

Also, the price difference between neighbouring groups can be very small, so don’t let a higher group put you off.

City car

Seat Mii Electric 38.8kWh – Group 12

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