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Are Electric Cars Cheaper To Insure Than Petrol Or Diesel?

Electric car info

Car insurance infographic for the UK

Tesla

It’s almost impossible to discuss electric cars without referring to the latest innovations from Elon Musk and Tesla. 

In the last four years, it’s no surprise that the UK has seen a significant surge in demand for electric vehicles. From 2013 to 2019 new registrations of plug-in cars increased by 219,500 from just 3,500 to a staggering 223,000 by the end of July. 

For those genuinely considering buying an electric car, the most common cons may involve lengthy recharging times, a short-range, or the initial costly expense. For those with a large budget and a Tesla in their sights, the high spec and tech vehicles are an understandably luxurious and exciting purchase. 

However, just yesterday, Russian reports highlighted an incident concerning a potential autopilot failure in the model, an issue that has been addressed several times before, a horror story reserved for those looking to invest in the most expensive electric car. 

In addition, there has also been a massive increase in the number of pure-electric and plug-in hybrid models available in the UK with many of the top manufacturers now offering a variety of electronic vehicles as part of their model range. 

So what?

When it comes to car insurance, Forces Compare allows you to browse a large range of policies and providers to find the most cost-effective deal for your unique requirements. 

We’ve highlighted just a couple of reasons why electric car coverage can work out more expensive. For example, electric vehicles could potentially be a greater risk to pedestrians due to their silent nature. 

One significant nuisance for those with greener cars can come in the form of high cost, specialist pars which can take many weeks to arrive. In addition to parts that can be hard to acquire, only certain mechanics are eligible to conduct repairs. Lastly, from an insurance perspective, electric car battery packs are expensive to replace which can potentially affect the cost of your policy.