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Will electric car insurance prices increase?
Given that many electric cars have fantastic power and performance gains over internal combustion engine vehicles, are insurance prices going up to reflect this?
Asked on 18 November 2021 by Andy Mackinnon-Ure
Answered by
Sarah Tooze
I am not aware of insurance prices on EVs going up for this reason. However, EVs tend to cost more to insure because of their higher purchase price.
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If you cover no more than 100 miles per day and have easy access to a charging point at home or work, then an EV is ideal for you.
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