Everything you need to know about electric car insurance – Forbes Advisor UK


Sales of electric vehicles (EVs) have exploded in 2021, despite an overall decline in new vehicle registrations.

According to the Society of Motor Manufacturers & Traders, almost 750,000 new electric vehicles were registered last year, almost as many as the number of new gasoline and diesel vehicles. Electric vehicle rental company DriveElectric expects an additional 330,000 (minimum) new electric vehicles to be registered in 2022, continuing the upward trend.

With more and more people buying or considering electric vehicles for the first time, more questions about electric vehicle ownership are sure to arise. One such example is how car insurance works for electric vehicles.

Here’s everything you need to know about EV auto insurance.

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Coverage, cost and claims

These days, most insurers can provide coverage for an EV. From big names like LV=, Direct Line and Aviva to smaller companies specifically marketed to electric vehicle owners, there are electric vehicle insurance policies everywhere.

And insuring an electric vehicle isn’t all that different from insuring a diesel or gasoline vehicle, in that an insurer will assess the likelihood of you making a claim (as well as what a claim might cost them) before setting your premiums accordingly.

This means that they will look at the value of your vehicle and the car insurance group it belongs to, your driving and claims history, and the crime rates in the area where you live.

Is electric car insurance more expensive?

There are a few quirks with EVs that can make them more expensive to insure than internal combustion engine (ICE) vehicles.

For example, spare parts — especially those involved in powering an EV — can be expensive. Insurers pass it on to you in the form of higher premiums.

Electric vehicles also tend to be placed in higher and more expensive car insurance groups than their ICE vehicle counterparts. A car’s insurance group reflects its value, safety and security. Vehicles are assigned to a group of 1 to 50, with 1 being the cheapest and 50 the most expensive.

The Nissan Leaf, an electric vehicle, starts from Group 21, while its ICE vehicle counterparts like the Nissan Micra start from Group 1. This disparity can have a big effect on what you’ll pay for each’s coverage.

Some research has even suggested that because electric vehicles make less noise when driving, they are more likely to hit pedestrians because they are harder to hear coming. In 2015, Guide Dogs claimed that pedestrians were 40% more likely to be hit by an electric vehicle than an ICE vehicle.

Are my battery and charging equipment covered?

Many EV car insurance policies offer specific coverage for your vehicle’s battery, whether you own it or lease it, and your charging device.

For example, LV, Admiral and AA will cover your battery, charging cable, charger(s) and adapter(s) against accidental damage, fire and theft.

Some policies, including AAs, even offer liability coverage in case someone trips over your charging cable outside your property, meaning you won’t have to spend your own money on yourself. defend against any legal claims arising from travel.

What happens if I run out of battery on the road?

So-called “range anxiety” – the fear that your EV battery will drain and leave you miles from the nearest charging station – remains a barrier to widespread adoption of VE. A survey by automaker Volvo, for example, found that 58% of consumers cite range anxiety as a barrier to buying an electric vehicle.

However, some EV car insurance policies offer breakdown coverage, either as part of the policy or as an option, which will tow you to the nearest charging station if your battery goes flat while you are not at home.

LV=GI goes even further. It operates a fleet of charging vans which provide mobile charging facilities on the roads of England and Wales, including hard shoulders and motorway emergency shelter areas.

This service means any battery electric vehicle can receive a 30 minute charge on the side of the road, providing an average battery power of 10 miles, giving drivers the option to drive to a gas station/service station or another location to fully charge.

How to Get the Best Price for EV Car Insurance

No matter what type of fuel your vehicle uses, a price comparison website is still the way to go to ensure you get the best price on the coverage you need.

Enter the registration number of your electric vehicle, or the number of the one you are considering buying, and our car insurance comparison service will immediately provide you with information about it, including the fact that it is is an electric or hybrid vehicle.

You can then rest assured that every quote you see is from a company that is happy to insure an electric or hybrid vehicle, allowing you to compare them in terms of cost and features.

Remember that the cheapest premium may not provide the level of cover you are looking for, such as breakdown cover, personal accident cover, statutory cover, or a level of voluntary deductible that you would be at. comfortable paying to make a claim. .

Compare auto insurance quotes

Choose from a range of policy options for affordable coverage that’s right for you and your car.


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