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Electric Car Insurance UK price index

Check out the typical cost of insurance for electric cars, and how their popularity is changing over time

Our latest car insurance premium data shows that the average policy for an electric car was £627 in the second half of 2020, falling by £64 from H1.

Last updated February 2021 • 8 min read

Electric cars had the lowest average car insurance premiums in H2 2020

  • Premiums for electric cars stood at £627 in H2 2020, £46 cheaper than petrol and £60 cheaper than diesel
  • The proportion of car insurance enquiries for electric vehicles has increased by 118% since the beginning of 2018
  • Tesla Model-3 was the most popular electric vehicle in 2020, followed by Nissan Leaf

The average electric car premium was


between July and December 2020

Electric car insurance premiums over time

Premiums for electric cars have fluctuated heavily since 2018, more so than for petrol or diesel cars. This is to be expected as the number of electric cars being insured is far lower, which means that price is more likely to be influenced by small changes in the market.


Electric car premiums leapt up in H2 2019 – rising 17.5% – which coincided with a significant increase in the average value of cars insured - from £18,945 to £30,000. Both of these changes may be due to the rise of the Tesla Model 3, which has seen the most enquiries in this period and is more expensive than the previous most popular electric cars.

The 69% rise in the proportion of car insurance enquiries for electric vehicles really shows how popular they are becoming in the UK. The overall proportion may seem small at present, but we expect this trajectory to continue as the range of EVs on the market expands across different price points.

While the Tesla Model-3 increased the average car insurance cost for electric cars after claiming the top spot from the Nissan Leaf last year, it’s reassuring to see that you don’t have to break the bank to go electric and that there are options at lower prices as well.

Our advice, whether you’re looking to buy an electric car or not, is to compare the options for car insurance, as this is the best way to find a deal that covers your needs and keeps costs down.

Proportion of enquiries for electric cars

Over the past few years the number of electric vehicles on UK roads has been steadily growing. Motor insurance enquiries for electric cars increased fourfold between 2018 and 2020, and this is a trend that looks set to continue.


In most regions of the UK, the proportion of car insurance enquiries for electric vehicles has increased every half year since the beginning of 2018.

London has seen the largest increase during this time, and consistently recorded the highest proportion of enquiries for electric cars, followed by the South East. While Northern Ireland has seen the smallest rise, this still amounts to a 101% increase over the period.

The capital also has the highest average premiums for electric cars, which may be due to the prominence of higher value vehicles in the area.

Proportion of enquiries for electric cars by region

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(none selected)





% increase


EV premium


Most popular electric cars

The electric car market is constantly changing, as vehicles become more sophisticated and new models are released.

In the first half of 2018, Nissan Leaf account for 41% of electric vehicle enquiries. By the second half of 2020, with more options on the market, the share has spread out – with Tesla Model-3 taking top spot (24%) and Nissan Leaf dropping to second (16%).

H2 2020 rank Car Average Premium Cost Ranking Position Change from H1 2020
1 Tesla Model-3 £867.95 0
2 Nissan Leaf £421.54 0
3 Renault Zoe £484.09 +1
4 Tesla Model-S £1,225.34 -1
5 BMW I3 £474.88 0
6 Kia Niro £445.70 +4
7 Jaguar I-Pace £745.92 0
8 Mg-Motor Uk Zs £419.62 0
9 Volkswagen E-Golf £488.20 -3
10 Porsche Taycan £1,121.12 +7


All premium price data is based on the median cheapest on-screen price for the given period that customers see when running a quote. Premiums are based on MoneySuperMarket customers only and are not representative of the UK average. View our car insurance index to see how premiums have changed over time for all vehicles

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