We all know that electric cars are pretty pricey, and are often way more expensive to buy than an equivalent petrol or diesel model.
But, that appears to just be that start of the extra costs involved in running an EV, with public charging rates increasing, used values plummeting, and now insurance costs revealed as being up to twice the average premium price.
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Insight from car insurer, Admiral, has revealed which EVs will cost customers the most to insure.
The average quote for fully-comprehensive insurance across cars of all fuel types was £808, but the costliest electric car comes in at £1,655, reports the Daily Mail.
Here’s the top 5 electric cars to insure.
5. Tesla Model Y – £1,101
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Tesla has enjoyed big success with the Model Y.
It was Britain’s best-selling electric car in 2022 and is doing just as well this year.
But, potential owners might be shocked to learn that Admiral says the Model Y will cost owners an average of £1,101 to insure, which is £293 higher than the average.
4. Tesla Model 3 – £1,135
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Another popular offering from Tesla, the Model 3 costs an average of £1,135 to insure fully comp.
That’s pricier than the more spacious Model Y and £327 more expensive than the UK motor insurance average.
3. Audi e-tron – £1,155
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Audi now produces the Q8 e-tron, with various other electric SUVs in its lineup.
Admiral says owners will pay an average of £1,155 for insurance. That’s £347 more than the average premium, based on the insurer’s March 2023 data.
2. Porsche Taycan – £1,544
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The Taycan is a fantastic electric car that is still a bona-fide Porsche; quick, great to drive and beautifully built.
The cost to insure one of Stuttgart’s finest is £1,544, according to Admiral. That’s a huge £736 higher than average.
1. Jaguar I-Pace – £1,655
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The Jaguar I-Pace is getting on a bit now, so it may come as a bit of a surprise that it’s the most expensive to insure.
Admiral says that the average premium for an I-Pace is an eye-watering £1,165 – more than double the cost of insurance for cars across all fuel types, which is a claimed £808.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.