Electric cars can be more expensive to insure, due to the cost of repairs or write-offs being more likely after a heavy shunt. That battery pack is an immovable object, with no energy-absorbing crumple zones, so a damaged pack can mean goodbye hybrid car. So the latest Admiral car insurance research makes interesting reading as it reveals the top 10 cheapest hybrid and electric vehicles to insure.
Based on analysis of sales from the second quarter of this year, the insurer has created a list of the ten eco cars which offer the most competitive insurance prices, including a mixture of pure electric vehicles and hybrids.
Top 10 cheapest hybrid and electric vehicles to insure
|Rank||Type||Car||Average annual premium2|
|1||Electric||MG ZS EV||£376|
|3||Electric||MG MG5 EV||£381|
Clare Egan, Head of Motor Product at Admiral, said: “With the ban on sales of new petrol and diesel cars coming into play in less than 10 years, more people are looking to make the switch to an electric vehicle.
“While fuel costs are lower for electric vehicles and they’re exempt from vehicle tax, it’s no secret that hybrid and electric cars are generally more expensive to buy compared with petrol or diesel alternatives. It’s therefore important that motorists can work out some of the additional running costs to help find a make and model that’s affordable for them.
“We’ve crunched the numbers to uncover the cheapest hybrid and EV models to insure. Whether you’re looking to buy an SUV or smaller run-around town type of car, it’s useful to understand how much you might be spending on average on your annual insurance premium before buying a new car.”
If you’re looking to buy a hybrid or electric vehicle for your next car, Admiral has created a handy guide including more information about the cheapest makes and models to insure.