Will discount car insurance for electric cars be available?

As the advent of the electric car grows nearer, many consumers interested in purchasing one have begun to wonder if discount car insurance will be made available for the emergent technology.

A significant number of the more high-traffic car insurance comparison websites have yet to add availability for electric motor car insurance. This can lead to issues for EV owners as they struggle to find a site that offers an ‘electric’ option when most insist they choose from either diesel or petrol powered models.

It’s not only price comparison sites that have not yet instituted support for electric vehicles however.  Many car insurance companies have also neglected to update their own websites. Even contacting these companies directly could lead to call centre staff being unable to accommodate a EV owner’s requests.

There were some companies that were prepared to offer insurance cover on electric vehicles, however.  As the UK stands poised to begin accepting deliveries of the new Nissan Leaf, there were some that were able to accommodate the new Japanese EV.  Experts recommend to not factor the Plug-in Car Grant’s £5,000 discount when determining the full value of a new electric vehicle to avoid needless devaluation.

Likewise the Peugeot iON and the Mitsubishi i-MiEV were two models of electric vehicle that were found to have growing support among insurance companies and comparison websites. Experts found a wide variation in insurance premiums, however, with some specialist insurers offering cover for as little as £540 for the Mitsubishi i-MiEV or the Nissan Leaf to highs of anywhere between £1,000 to £1,600 for comparable levels of cover.  The most expensive option for insuring an EV (the Mitsubishi in particular) resulted in an initial quote of £2,000, so experts advise prospective electric vehicle owners to shop around with care in order to find the best deal.

© 2018 All rights reserved. Reproduction in whole or in part without permission is prohibited. See our copyright notice.

What do you think?

Please note that email addresses are not visible on approved comments.