Many people switch to driving electric vehicles primarily because of environmental reasons, convenience and cost-effective fuel needs.
But while the benefits outweigh the drawbacks, you still want to consider what electric car ownership entails. For instance, how much do you think an electric car insurance costs compared to a petrol car?
Some critics will say EV insurance costs more than insurance for ICE (internal combustion engine) cars. Whilst this may be true in some cases, as electric cars become more popular and information about EVs becomes available, this is less and less the case overall.
Developing an in-depth understanding of the best way to insure your electric car will help you save money and ensure you have the right coverage for your recent purchase.
A comprehensive insurance policy for an electric car in the UK can cost between £480 and £1,600 per year, depending on its make, model and trim level. The car’s age and driving history also contribute to the cost.
Among the cheapest electric cars to buy and insure are the Nissan Leaf, Kia e-Niro and Renault Zoe, with quotes starting from just over £400. Comparatively, more expensive cars, such as the Tesla Model 3, start at more than £1,000 a year.
Typically, electric vehicles cost more than conventional cars to insure, primarily because of the expensive upfront cost and the fact that they typically require more bespoke service, especially when equipped with high-tech equipment.
When insurance companies set their prices, they’ll consider several factors, including claims that have been paid for similar cars. For instance, if your electric car model has a history of high-cost and/or frequent claims, insurance costs will be higher for all model owners.
Here are some reasons why electric vehicle insurance is more expensive:
Naturally, insurance will be more expensive on more valuable cars because they will consider repair costs, availability of spare parts, and replacements in case of theft, fire, accident, etc.
However, with the government’s target to end the sale of new petrol and diesel cars by 2030, and as more EVs become available, insurance costs will also decline.
Like other motor vehicle insurance types, electric car insurance provides traditional coverage and protects against particular EV issues.
There are three levels of coverage available that you can choose from depending on your needs:
This policy is usually the cheapest but the best option. It provides the highest level of protection, protecting you against damage, repairs, medical expenses, fire, theft, and damage to someone else’s car or property.
Third-party-only car insurance costs the most and only provides the minimum legal requirement. It covers third-party liability, injuries to other people and damage to their vehicles and property.
This level offers coverage for other people, vehicles and property. You can also claim against fire damage or theft of your car.
In addition to your usual insurance coverage, your policy can also include extras and provide cover for:
Most EV policies cover the batteries and charging cords if they are misplaced, broken or stolen while in your possession or use.
EV insurance can also provide you with unique legal protection if, for example, someone trips over a cable while charging your EV.
Some insurance plans may also provide specialised coverage for your charging system and recovery services if you run out of power while driving. But with popular EV charging apps like Bonnet that offer live support, you can leave your worries behind and get help whenever needed.
The Bonnet app allows you to find the closest chargepoint so you can easily plan your trip and remain in control at all times. We have over 15 charging networks as our partners, and you can charge at all of their charging stations using only our app, so you no longer need to keep a dozen charging apps downloaded to your phone. Plus, we offer amazing EV charging discounts. Download Bonnet today and see for yourself!
Before generating a quote, insurance companies consider several factors. These can include your age, what job you do, where you live, what sort of driver you are and where you keep your car at night.
Early electric car owners encountered higher insurance costs that exceeded what they had expected. But today, there are ways to reduce your electric car’s insurance premium. You can do the following:
YouTube Video Link: https://www.youtube.com/watch?v=kg47xPyEpnY
Most insurance companies offer electric car insurance in addition to petrol-powered car insurance.
Here are some companies that offer EV-specific insurance features:
The company provides one of the UK’s most reasonably priced EV-specific insurance offerings while meeting the needs of electric car owners. Some of their offerings include:
The company has a 5-star insurance rating from Defaqto, so you can be confident of a comprehensive level of features and benefits. In addition to its standard cover for batteries, charging cables, adaptors and liabilities, the company also offers the following:
The company’s insurance policies are designed specifically for people over 50 and are underwritten by several carefully selected insurers. They provide three comprehensive levels of cover for three different budgets: Saga Standard, Saga Select and Saga Plus. All three have coverage for:
Admiral, which has specialised in comprehensive car insurance policies since 1993, now offers EV-specific coverage. Their comprehensive policy features:
With a 5-star rating from Defaqto, NFU Mutual is also a Recommended Provider of car insurance. The company offers comprehensive car insurance specially designed for electric and hybrid vehicles while offering the same high standard of protection you would receive when insuring a petrol or diesel vehicle. The policy offer for hybrid and electric vehicles includes:
Insurance for electric cars isn’t cheap. Not right now, anyway. Although electric vehicle insurance is significantly higher than conventional vehicle insurance, there are ways to reduce total costs. You might be able to save some extra cash by conducting research before or after the purchase of your electric car.
Many car insurance companies offer electric car insurance, and some specialist car companies offer EV-specific policies. You can always shop around and ask for quotes from several providers to find the best deal.
Yes. Insurance for electric cars is higher because they are more expensive to buy and repair; insurance providers usually charge their drivers more for coverage for these vehicles.
As luxury electric vehicles, Teslas are more expensive to insure than competing vehicles because of the cost of their technology and parts.
No. Electric cars are just as easy to insure as cars with internal combustion engines (ICE), although insurance costs are slightly higher.
Many people switch to driving electric vehicles primarily because of environmental reasons, convenience and cost-effective fuel needs.
But while the benefits outweigh the drawbacks, you still want to consider what electric car ownership entails. For instance, how much do you think an electric car insurance costs compared to a petrol car?
Some critics will say EV insurance costs more than insurance for ICE (internal combustion engine) cars. Whilst this may be true in some cases, as electric cars become more popular and information about EVs becomes available, this is less and less the case overall.
Developing an in-depth understanding of the best way to insure your electric car will help you save money and ensure you have the right coverage for your recent purchase.
A comprehensive insurance policy for an electric car in the UK can cost between £480 and £1,600 per year, depending on its make, model and trim level. The car’s age and driving history also contribute to the cost.
Among the cheapest electric cars to buy and insure are the Nissan Leaf, Kia e-Niro and Renault Zoe, with quotes starting from just over £400. Comparatively, more expensive cars, such as the Tesla Model 3, start at more than £1,000 a year.
Typically, electric vehicles cost more than conventional cars to insure, primarily because of the expensive upfront cost and the fact that they typically require more bespoke service, especially when equipped with high-tech equipment.
When insurance companies set their prices, they’ll consider several factors, including claims that have been paid for similar cars. For instance, if your electric car model has a history of high-cost and/or frequent claims, insurance costs will be higher for all model owners.
Here are some reasons why electric vehicle insurance is more expensive:
Naturally, insurance will be more expensive on more valuable cars because they will consider repair costs, availability of spare parts, and replacements in case of theft, fire, accident, etc.
However, with the government’s target to end the sale of new petrol and diesel cars by 2030, and as more EVs become available, insurance costs will also decline.
Like other motor vehicle insurance types, electric car insurance provides traditional coverage and protects against particular EV issues.
There are three levels of coverage available that you can choose from depending on your needs:
This policy is usually the cheapest but the best option. It provides the highest level of protection, protecting you against damage, repairs, medical expenses, fire, theft, and damage to someone else’s car or property.
Third-party-only car insurance costs the most and only provides the minimum legal requirement. It covers third-party liability, injuries to other people and damage to their vehicles and property.
This level offers coverage for other people, vehicles and property. You can also claim against fire damage or theft of your car.
In addition to your usual insurance coverage, your policy can also include extras and provide cover for:
Most EV policies cover the batteries and charging cords if they are misplaced, broken or stolen while in your possession or use.
EV insurance can also provide you with unique legal protection if, for example, someone trips over a cable while charging your EV.
Some insurance plans may also provide specialised coverage for your charging system and recovery services if you run out of power while driving. But with popular EV charging apps like Bonnet that offer live support, you can leave your worries behind and get help whenever needed.
The Bonnet app allows you to find the closest chargepoint so you can easily plan your trip and remain in control at all times. We have over 15 charging networks as our partners, and you can charge at all of their charging stations using only our app, so you no longer need to keep a dozen charging apps downloaded to your phone. Plus, we offer amazing EV charging discounts. Download Bonnet today and see for yourself!
Before generating a quote, insurance companies consider several factors. These can include your age, what job you do, where you live, what sort of driver you are and where you keep your car at night.
Early electric car owners encountered higher insurance costs that exceeded what they had expected. But today, there are ways to reduce your electric car’s insurance premium. You can do the following:
YouTube Video Link: https://www.youtube.com/watch?v=kg47xPyEpnY
Most insurance companies offer electric car insurance in addition to petrol-powered car insurance.
Here are some companies that offer EV-specific insurance features:
The company provides one of the UK’s most reasonably priced EV-specific insurance offerings while meeting the needs of electric car owners. Some of their offerings include:
The company has a 5-star insurance rating from Defaqto, so you can be confident of a comprehensive level of features and benefits. In addition to its standard cover for batteries, charging cables, adaptors and liabilities, the company also offers the following:
The company’s insurance policies are designed specifically for people over 50 and are underwritten by several carefully selected insurers. They provide three comprehensive levels of cover for three different budgets: Saga Standard, Saga Select and Saga Plus. All three have coverage for:
Admiral, which has specialised in comprehensive car insurance policies since 1993, now offers EV-specific coverage. Their comprehensive policy features:
With a 5-star rating from Defaqto, NFU Mutual is also a Recommended Provider of car insurance. The company offers comprehensive car insurance specially designed for electric and hybrid vehicles while offering the same high standard of protection you would receive when insuring a petrol or diesel vehicle. The policy offer for hybrid and electric vehicles includes:
Insurance for electric cars isn’t cheap. Not right now, anyway. Although electric vehicle insurance is significantly higher than conventional vehicle insurance, there are ways to reduce total costs. You might be able to save some extra cash by conducting research before or after the purchase of your electric car.
Many people switch to driving electric vehicles primarily because of environmental reasons, convenience and cost-effective fuel needs.
But while the benefits outweigh the drawbacks, you still want to consider what electric car ownership entails. For instance, how much do you think an electric car insurance costs compared to a petrol car?
Some critics will say EV insurance costs more than insurance for ICE (internal combustion engine) cars. Whilst this may be true in some cases, as electric cars become more popular and information about EVs becomes available, this is less and less the case overall.
Developing an in-depth understanding of the best way to insure your electric car will help you save money and ensure you have the right coverage for your recent purchase.
A comprehensive insurance policy for an electric car in the UK can cost between £480 and £1,600 per year, depending on its make, model and trim level. The car’s age and driving history also contribute to the cost.
Among the cheapest electric cars to buy and insure are the Nissan Leaf, Kia e-Niro and Renault Zoe, with quotes starting from just over £400. Comparatively, more expensive cars, such as the Tesla Model 3, start at more than £1,000 a year.
Typically, electric vehicles cost more than conventional cars to insure, primarily because of the expensive upfront cost and the fact that they typically require more bespoke service, especially when equipped with high-tech equipment.
When insurance companies set their prices, they’ll consider several factors, including claims that have been paid for similar cars. For instance, if your electric car model has a history of high-cost and/or frequent claims, insurance costs will be higher for all model owners.
Here are some reasons why electric vehicle insurance is more expensive:
Naturally, insurance will be more expensive on more valuable cars because they will consider repair costs, availability of spare parts, and replacements in case of theft, fire, accident, etc.
However, with the government’s target to end the sale of new petrol and diesel cars by 2030, and as more EVs become available, insurance costs will also decline.
Like other motor vehicle insurance types, electric car insurance provides traditional coverage and protects against particular EV issues.
There are three levels of coverage available that you can choose from depending on your needs:
This policy is usually the cheapest but the best option. It provides the highest level of protection, protecting you against damage, repairs, medical expenses, fire, theft, and damage to someone else’s car or property.
Third-party-only car insurance costs the most and only provides the minimum legal requirement. It covers third-party liability, injuries to other people and damage to their vehicles and property.
This level offers coverage for other people, vehicles and property. You can also claim against fire damage or theft of your car.
In addition to your usual insurance coverage, your policy can also include extras and provide cover for:
Most EV policies cover the batteries and charging cords if they are misplaced, broken or stolen while in your possession or use.
EV insurance can also provide you with unique legal protection if, for example, someone trips over a cable while charging your EV.
Some insurance plans may also provide specialised coverage for your charging system and recovery services if you run out of power while driving. But with popular EV charging apps like Bonnet that offer live support, you can leave your worries behind and get help whenever needed.
The Bonnet app allows you to find the closest chargepoint so you can easily plan your trip and remain in control at all times. We have over 15 charging networks as our partners, and you can charge at all of their charging stations using only our app, so you no longer need to keep a dozen charging apps downloaded to your phone. Plus, we offer amazing EV charging discounts. Download Bonnet today and see for yourself!
Before generating a quote, insurance companies consider several factors. These can include your age, what job you do, where you live, what sort of driver you are and where you keep your car at night.
Early electric car owners encountered higher insurance costs that exceeded what they had expected. But today, there are ways to reduce your electric car’s insurance premium. You can do the following:
YouTube Video Link: https://www.youtube.com/watch?v=kg47xPyEpnY
Most insurance companies offer electric car insurance in addition to petrol-powered car insurance.
Here are some companies that offer EV-specific insurance features:
The company provides one of the UK’s most reasonably priced EV-specific insurance offerings while meeting the needs of electric car owners. Some of their offerings include:
The company has a 5-star insurance rating from Defaqto, so you can be confident of a comprehensive level of features and benefits. In addition to its standard cover for batteries, charging cables, adaptors and liabilities, the company also offers the following:
The company’s insurance policies are designed specifically for people over 50 and are underwritten by several carefully selected insurers. They provide three comprehensive levels of cover for three different budgets: Saga Standard, Saga Select and Saga Plus. All three have coverage for:
Admiral, which has specialised in comprehensive car insurance policies since 1993, now offers EV-specific coverage. Their comprehensive policy features:
With a 5-star rating from Defaqto, NFU Mutual is also a Recommended Provider of car insurance. The company offers comprehensive car insurance specially designed for electric and hybrid vehicles while offering the same high standard of protection you would receive when insuring a petrol or diesel vehicle. The policy offer for hybrid and electric vehicles includes:
Insurance for electric cars isn’t cheap. Not right now, anyway. Although electric vehicle insurance is significantly higher than conventional vehicle insurance, there are ways to reduce total costs. You might be able to save some extra cash by conducting research before or after the purchase of your electric car.
Many car insurance companies offer electric car insurance, and some specialist car companies offer EV-specific policies. You can always shop around and ask for quotes from several providers to find the best deal.
Yes. Insurance for electric cars is higher because they are more expensive to buy and repair; insurance providers usually charge their drivers more for coverage for these vehicles.
As luxury electric vehicles, Teslas are more expensive to insure than competing vehicles because of the cost of their technology and parts.
No. Electric cars are just as easy to insure as cars with internal combustion engines (ICE), although insurance costs are slightly higher.
