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Electric car charging – London
The average cost of insurance for an electric vehicle has fallen by £75 in the first quarter of 2021, according to new data released today.
Electric owners will now pay an average annual premium of £566, down from £641 in the previous quarter. It means that electric vehicles are now typically £45 cheaper to insure compared with petrol and diesel cars.
The figures, released by comparison site Comparethemarket, show a fluctuation in the cost of electric car insurance over the years. It reached a peak of £692 in December 2019, before dropping back to £550 in February 2021 as lockdown measures continued to restrict travel.
Car insurance costs fall at record rate thanks to lockdown
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