Are electric cars more expensive to insure?

Why does it cost more?

Electric cars cost more because It’s partly to do with the tech in the car (which is also why they cost more to buy right now). The batteries in electric cars are expensive and cost a lot to fit if you need a new one. So if you have an accident and yours needs replacing, it can have a hefty price tag.  

Now we’re certain batteries last years and years, car makers are building them into the cars. The downside is if something goes wrong you could end up replacing the whole car, as you can’t just pop the battery out. And unfortunately, it doesn’t have to be a major accident for the battery to get damaged, sometimes even air bags going off can wreck it.  

Electric cars are also a bit more expensive to buy than petrol or diesel. This makes them pricier to replace. And that means a few more quid on your insurance premium.  

If you’ve tried out an electric car, you’ll know they can be pretty speedy and that sometimes catches people out. For that reason, until everyone gets used to driving electric and the way it delivers instant acceleration, you’ll see higher insurance quotes.  

On the plus side there are safety features in electric cars, like the tech in Teslas which reads the road and helps you avoid pedestrians and other obstacles.And all car makers, like Nissan and VW, are working on safety too, which in the longer term should bring insurance prices down.