Which is the cheapest hybrid or pure EV to insurer? That’s the question many would-be buyers ask as they consider upgrading from an older diesel or petrol car, especially as the UK government has now created shortages of fuel deliveries to filling stations. The latest Admiral car insurance investigation reveals the top 10 cheapest hybrid and electric vehicles to insure and it’s interesting that the Chinese made MG ZS EV is the number one cheapie. There’s another MG in the top five and that could speak vcolumes about the type of cautious person who chooses an MG, or covers a low mileage, off-peak?
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.