We all know that electric cars are quite expensive and are often much more expensive to buy than an equivalent petrol or diesel model.
But that seems to be just the beginning of the additional costs associated with running an electric vehicle: public charging fees are rising, used values are falling and insurance costs are now double the average premium price.
Findings from the car insurer Admiral have revealed which electric vehicles are the most expensive to insure for customers.
The average price of comprehensive car insurance for all fuel types was £808, but the most expensive electric car is £1,655, the Daily Mail reports.
Here are the 5 best electric cars to insure.
5. Tesla Model Y – £1,101
Tesla has had great success with the Model Y.
It was Britain’s best-selling electric car in 2022 and is doing just as well this year.
However, potential owners might be shocked to learn that Admiral says the Model Y will cost an average £1,101 to insure, which is £293 more than the average.
4. Tesla Model 3 – £1,135
Another popular offering from Tesla, the Model 3 costs an average of £1,135 to ensure full coverage.
That’s more expensive than the roomier Model Y and £327 more expensive than the UK car insurance average.
3. Audi e-tron – £1,155
Audi is now producing the Q8 e-tron and has numerous other electric SUVs on offer.
Owners pay an average of £1,155 for insurance, according to the Admiral. That’s £347 more than the average premium, based on the insurer’s data from March 2023.
2. Porsche Taycan – £1,544
The Taycan is a fantastic electric car that’s still a true Porsche; fast, great to drive and beautifully built.
According to the Admiral, the cost of insuring one of Stuttgart’s top companies is £1,544. That’s a whopping £736 more than the average.
1. Jaguar I-Pace – £1,655
The Jaguar I-Pace is showing its age, so it may come as a bit of a surprise that it’s the most expensive to insure.
Admiral says the average premium for an I-Pace is a staggering £1,165 – more than double the cost of insurance for cars of all fuel types, which totals £808.