Insurance is one of the most expensive elements of owning a car and new figures have shown that electric models continue to be more expensive on average than petrol or diesel cars.
New data from Admiral Insurance shows that, across the UK, the average car insurance premium was £807.92 in March 2023 but for electric cars it was £963.57. This is partly because EVs are generally newer and more expensive than other models and partly because they can cost more to repair due to the need for specialist technicians.
However, the figures also show that there is plenty of variety in the EV market, with many models costing far less than the national average to cover. Here, according to Admiral’s Insurance Price Index are the 10 cheapest EVs to insure in 2023.
9. Kia EV6 - £680
The EV6 is simply one of the best electric cars on sale right now. Starting at £45,000, it’s more expensive than a lot of other cars on this list but that money gets you futuristic looks and plenty of space for five in its well-appointed and generously equipped cabin. There is also plenty of space for a family’s worth of luggage and the 77kWh battery offers up to 328 miles on a single charge. | Kia
10. Polestar 2 - £707
The Polestar 2 proves that premium models don’t have to mean higher running costs, although like the EV6, it isn’t cheap to buy. Prices start at around £45,000, although insurance is more than £100 cheaper than the UK average. For the money, this smart Swedish saloon offers standout styling and a choice of powertrains focused on range or performance. Go for the former and you’ll get a claimed 355 miles of range, the latter offers 469bhp but a big drop in range. | Polestar