Skip to content
Did you know your browser is out of date?
To get the best experience when using our website we recommend that you upgrade to the latest version of one of these browsers.

Electric car insurance

Compare our best deals on electric car insurance quotes


Electric cars are the next generation of vehicles. A green alternative to petrol and diesel motors and cheaper to run, find out everything you need to know about electric car insurance

By Emily Sullivan

Published: 13 September 2021

Electric car charging in street

Looking for car insurance?

Are electric cars cheaper to insure?

There are many factors that affect the cost of your electric car insurance, including your choice of car, your driving history and experience, and the type of cover you take out. In the past, electric cars have often been more expensive to insure than petrol or diesel cars due to the cost and availability of spare parts and the need for a qualified or specialised repairer. 

However, as more electric and hybrid vehicles have become available and with the government’s 2030 impending ban on new petrol and diesel cars, the cost of insurance has begun to reduce and is expected to eventually become cheaper than conventional counterparts. 

How much does it cost to insure an electric car?

The price you pay for electric car insurance depends on several factors but on average customers paid £613 to insure their electric car this year. This is around £5 cheaper than diesel drivers, but £38 more than petrol drivers. 

Car type

Average annual premiums*

Diesel

£617.98

Electric

£612.95

Petrol

£574.50

*Based on fully comprehensive car insurance policies with one driver holding a full UK licence. MoneySuperMarket data collected between January and June 2021.

What are the cheapest electric cars to insure?

The make and model of electric car you drive will have a big impact on how much you pay for your premium. 

According to data collected by MoneySuperMarket, the cheapest electric car to insure between January 2021 and June 2021 was the Nissan Leaf Acenta – with policies selling for £377 on average. This was followed by the Nissan Leaf Acenta (30KW) and MG-Motor UK ZS.

Car Make

Car Model

Average annual premiums*

NISSAN

LEAF ACENTA

£377.19

NISSAN

LEAF ACENTA (30KW)

£380.52

MG-MOTOR UK

ZS

£384.72

NISSAN

LEAF TEKNA

£385.97

MINI

COOPER

£398.72

NISSAN

LEAF N-CONNECTA

£399.51

BMW

I3 RANGE EXTENDER (94AH)

£402.04

KIA

NIRO

£413.85

VOLKSWAGEN

E-GOLF

£415.87

RENAULT

ZOE I GT LINE RAPID CHARGE R135

£427.71

*Based on fully comprehensive car insurance policies with one driver holding a full UK licence. MoneySuperMarket data collected between January and June 2021.

Do all insurance companies offer electric car cover? 

Most mainstream insurance companies now offer electric car insurance, and some specialist car companies also offer policies for electric cars and eco vehicles.

However, not all providers will offer cover. Whilst electric cars have been around for a number of years, they are still considered a new prospect for the industry. With limited previous data to base premiums on, some providers refuse to offer insurance for electric cars. 

However, this is changing as time goes on. With more information readily available, the confidence around electric cars is growing and more providers are entering the market.

 

What level of cover can I get for my electric car?

As with all types of motor insurance, you’ll be able to get three levels of cover:

  1. Third-party only: Third-party insurance is the minimum legal requirement for vehicle owners. It’ll cover you for damage you do to a third party, their vehicle or their property as a result of your driving

  1. Third-party, fire and theft: Third-party, fire and theft insurance adds cover for your own vehicle if you fall victim to theft or your car is damaged by fire or an explosion

  1. Fully comprehensive: Fully comprehensive car insurance covers you for all of the above, as well as protection against any other kind of damage done to your vehicle – the most comprehensive of all policies available

What extras can I get for my electric car insurance policy?

 

As well as standard protection for car insurance extras like personal accidents and breakdowns, an electric car insurance policy should also offer cover for:

  • Battery: This will cover any damage done to your battery

  • Portable charging cables: If your cables are lost, damaged or stolen whilst in your car or in use at a garage

  • Legal cover: In case, for example, someone trips over the charging cable whilst in use

What are electric cars and how do they work?

Electric cars are powered completely by batteries, which are connected to an electric motor. This motor drives the wheels as well as supplying all other functions. These cars are charged by being plugged into a mains supply rather than filling them up with fuel. 

What is a hybrid car?

Hybrid cars use two types of power – power from a conventional petrol or diesel engine and an electric motor.

What are the benefits of electric and hybrid cars?

Using an electric car can offer several benefits over using a petrol- or diesel-powered vehicle, including:

  • Cheap to run: The maintenance and running costs of electric cars are significantly cheaper over the full lifetime of the vehicle. There are a lot fewer moving parts than in other cars, so with less to go wrong, repairs are likely to be required less often 

  • No road tax or congestion charges: Due to zero emissions, you don’t have to pay road tax on your electric car if it costs less than £40,000. This also means that you don’t have to pay London congestion charges

  • Better for the environment: Fully electric cars have zero emissions and therefore create less pollution than petrol and diesel cars. If you use renewable energy sources or use a supplier who does, this will further lower your carbon footprint and allow you to charge your car sustainably

  • Free and preferential parking: There are increasingly more local councils who offer free parking for those driving electric cars. Car parks, supermarkets and service stations also tend to locate charging points next to the main entrance, which is very convenient

  • Easy charging: Charging your electric car is just like how you would charge your mobile phone. Once you park up at home, you simply plug your car into your home charging port. You can leave it on charge overnight and top up during the day if necessary

  • Residual value: Electric cars are currently holding their value better than their internal combustion equivalents. Used electric vehicles are going up in value year on year, so if you sell, you’ll get more of your money back

 

What government grants can you get for electric cars?

Some low-emission vehicles will be eligible for a grant from the government, which go towards the cost of buying a new vehicle.

The maximum grant is £2,500 for cars and is applied to the cost of the new vehicle at the dealership when you come to purchase. You don’t need to apply for it – however, only cars that cost less than £35,000 new are eligible. 

The amount you get towards the cost of your new vehicle depends on the category the vehicle is in.

You can view the full list of eligible vehicles on the government website.

Compare electric car insurance quotes

Insuring your electric car is quick and easy when you compare car insurance quotesv with MoneySuperMarket. Just tell us a little about yourself, the electric car you’re insuring and the cover you need, and we’ll search the market for a list of deals tailored to your requirements.

You’ll be able to compare quotes by the overall monthly and annual cost of the policy, the cover you’ll get and the excess you’ll need to pay to make a claim. When you’ve found the one you want, just click through to the provider to finalise your purchase.