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A guide to electric car insurance

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Michael Brown

Acting Editor

Electric Car charging

At the end of 2020, the UK Government set itself a target to end the sale of new petrol and diesel cars by 2030. In support of this goal, £1.8 billion was pledged towards making zero-emission vehicles more accessible to the public. Part of this funding will be used to roll out chargepoints across the country, making it easier to run your electric vehicle. 

So, with electric vehicles only set to get more popular, is there specialised insurance for these vehicles? Below we explain how you can insure your electric car and what areas of cover you should consider.

Is there a difference between regular car insurance and electric car insurance?

Insuring your electric vehicle works in much the same way as insuring a petrol or diesel car. You will still find cover for damage, theft, and breakdown among other variables. However, there are some characteristics of electric vehicles which can change the price of your premium.

Are electric cars cheaper to insure?

At the time of writing, electric cars are typically more expensive than their diesel or petrol counterparts. This means electric cars can be more expensive to insure as your provider risks having to replace a more costly vehicle.

However, if electric vehicles are to be more common to reach the UK Government’s net zero target, they should become cheaper in price and therefore cheaper to insure.

In addition to this, insurers are gathering more data on electric vehicles. When electric vehicles first hit the roads, insurers were unsure of their risks and charged more expensive premiums to cover themselves, according to What Car?, a British monthly automobile magazine. More data means insurers can evaluate your risk more accurately, and therefore could lower previously inflated premiums.

Can I get similar insurance for hybrid cars?

Drivers of hybrid vehicles, which draws on two different energy sources, like battery power and petrol can expect a similar process to insure their vehicle.

In some instance though, insuring these vehicles can be cheaper. This is because they are less powerful than other vehicles and are statistically safer rides. Safer vehicles therefore attract lower premiums.  

Where to find the best car insurance quotes

Looking for the best car insurance quotes? Use our independent and impartial star ratings to find your best cover options. Our star rating provide consumers with an expert view of the whole market.

Moneyfacts Product Experts undertake an annual review of all the car insurance products available in the UK. Policies are then assigned a star rating based on their attributes. Those that offer the best range of features and benefits are awarded a top rating of five stars. The chart below shows a selection of those awarded four and five stars. View the full list of winners at the end of this page.

Are green cars the future?

Does the government subsidise switching to a green car?

At the time of writing the Government has a subsidy scheme for several low-emission vehicles which include:

  • wheelchair accessible vehicles
  • motorcycles
  • mopeds
  • small vans
  • large vans
  • taxis
  • small trucks
  • large trucks

The discount amount depends on your vehicle, with more information available on the Government’s website. Applicants need not apply via the Government directly as your chosen dealership will reflect this discount in its purchase price.  

Do green vehicles pay the London Congestion charge?

Electric and hydrogen fuel cell vehicles can apply to the Transport for London (TFL) for a Cleaner Vehicle Discount (CVD). This means these drivers are exempt from Congestion charges, but will instead pay £10 a year per vehicle for their CVD.

This scheme only runs until 25 December 2025.

Can I charge my electric vehicle for free?

There are thousands of electric chargepoints across the UK, with some offering free charging services. However, this is by no means the majority of chargepoints, so use Zap Map to find the closest free chargepoint to you.

It is also worth noting that there is also a Government scheme which can fund up to 75% of installing electric vehicle smart chargepoints at your home. To find out more information, visit the Government’s website.

Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

Electric Car charging will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by will always be from Be ScamSmart. will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by will always be from Be ScamSmart.