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Electric car insurance

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How much is electric car insurance?

We found that the average premium price for an electric car is £535.[1]

But the price you’ll pay will depend on your driving history, experience and what car you’re insuring. Our research shows that some electric cars are still significantly more expensive to insure than others.

For example, a fully comprehensive car insurance policy for a Renault Zoe costs on average £357, but it's £729 for a Tesla - Model 3.

You might want to add optional extras to your policy too, like cover for a rented battery, which will also push the price up.

*Average price paid annually for comprehensive car insurance for the six most commonly insured electric cars through Go.Compare Between Jan to Nov 2022.

[1]Average price paid annually for comprehensive car insurance for an electric car through Go.Compare in November 2022

How much is electric car insurance?

£4 million refunded to customers with free excess cover†

Claiming on your car insurance is stressful enough, without the added cost of your excess – and we want to help with that.

If you do need to claim, you'll have to pay your excess first, and then we'll refund up to £250 after your claim's settled.

It really is free. We haven't hidden the cost anywhere.

Claim your free £250 excess cover

†Up to £250 refunded after claim settled. Car insurance purchases only. Excludes breakdown, windscreen and glass repair/replacement. Full T&Cs apply.

£250 excess cover for free at GoCompare

Do all insurance companies offer electric car cover?

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

There’s no need to stick to the same insurer each year for your electric car because shopping around could save you money.

You’ll see a list of providers who can cover your EV when you compare your car insurance with us.

Benefits of owning an electric car

There are many benefits to owning an electric vehicle...

  1. No road tax… for now

    You won’t have to pay vehicle excise duty (road tax) on electric cars but in 2025 this will change

  2. Free parking

    Many local councils offer free parking for EVs, and charging points are usually close to the entrance of supermarkets and service stations

  3. No congestion charge

    There’s no congestion charge for owners of electric vehicles in London but you need to apply for the exemption

  4. Cheap to run

    They cost around 11-17p per mile to run as of September 2022, according to Zap-Map, which is considerably less than the average 19-20p per mile for petrol and diesel vehicles

  5. Better for the environment

    Electric vehicles produce zero emissions, making them far better for the environment than conventional internal combustion engines

Does electric car insurance cover cables and batteries?

Not all insurers do. Check your insurer provides liability cover for power cables if yours causes an accident, for example, if someone trips over it. As well as covering the cables, make sure your policy also includes the adaptors and boxes and cover for damage or theft.

With some electric car brands, you can lease batteries instead of buying them outright to reduce the purchase cost of your electric car. If you decide to do this, make sure your insurer knows and is still happy to cover you - you don’t want to find out you’re liable only after the car’s written off in an accident.

Hybrid or electric?

Electric and hybrid cars have hit the mainstream, but which type is right for you?

Electric

Electric cars are powered completely by batteries, making them extremely cheap to run – around 11-17p per mile.

This means the only way to top up is to plug-in at charging stations or at home, making longer commutes less practical than hybrid or fuel cars.

Electric cars are exempt from tax and congestion charges, as they emit no emissions.

Insurance premiums for EVs are generally higher than hybrids, petrol and diesel-powered cars, due to being new and expensive technology.

Just like smartphones, the batteries that power electric cars only have a certain life span and can be extremely expensive to replace.

Hybrid

Unlike electric cars, hybrid cars combine conventional petrol or diesel engines with electric motors.

This makes them much more efficient and environmentally friendly than pure petrol or diesel vehicles, with around 15-30% of the emissions.

Some hybrid cars are ‘plug-in’ models, so they can be charged at home or at charging points, just like electric vehicles. But unlike EVs, some hybrid engines can charge the batteries as you drive.

You’ll still need to fill your car up with petrol or diesel, which makes running them more expensive than fully electric cars.

Hybrids that emit less than 75g/km of CO2 are exempt from congestion charges.

Can you get a government grant?

Some low-emission vehicles will be eligible for a grant from the government for certain types of electric vehicles. These grants go towards the cost of buying a new vehicle.

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.

Grants that help with the cost of installing an EV chargepoint are also available.

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