Insurance

Author
Discussion

g7jtk

Original Poster:

1,777 posts

161 months

Wednesday 24th July
quotequote all
Is the insurance on a fully electric car about double its petrol or diesel powered counter part.
Looking at a mini countryman all4

GT6k

890 posts

169 months

Wednesday 24th July
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No, my wife's Kia diesel is more expensive than my BMW EV. The issue is that a 300 bhp EV is quite likely twice the insurance cost of a 150 bhp diesel

paradigital

974 posts

159 months

Wednesday 24th July
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My 440i convertible is roughly the same as my Model 3 Performance.

samoht

6,294 posts

153 months

Wednesday 24th July
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I think you'd really need to go online and get some quotes for the EV and petrol alternatives you're considering (compare the market or similar) in order to tell, because insurance is so variable between people and cars.


Haws

57 posts

99 months

Wednesday 24th July
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I've gone from a 190bhp 520d to a 400bhp EV and have had a £4 quid rise (plus the obligatory £25 admin fee), 9 months left on policy no other changes

You need to compare quotes on personal circumstances.

g7jtk

Original Poster:

1,777 posts

161 months

Wednesday 24th July
quotequote all
samoht said:
I think you'd really need to go online and get some quotes for the EV and petrol alternatives you're considering (compare the market or similar) in order to tell, because insurance is so variable between people and cars.
I have. That’s why I’m asking.

Sheepshanks

35,059 posts

126 months

Wednesday 24th July
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Few myths ago, looking at the Honda e:Ny1 cheap PCP deal and our own insurer (LV) wouldn’t quote and comparison sites were £600 and upwards - so that 2x the car we’d be looking to replace.

I also got quotes on iPace and they were coming back at £1800, but I checked again more recently and they seem to have dropped a bit.

James6112

5,428 posts

35 months

Wednesday 24th July
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Sheepshanks said:
Few myths ago, looking at the Honda e:Ny1 cheap PCP deal and our own insurer (LV) wouldn’t quote and comparison sites were £600 and upwards - so that 2x the car we’d be looking to replace.

I also got quotes on iPace and they were coming back at £1800, but I checked again more recently and they seem to have dropped a bit.
Just ordered a new Honda Ny1
92 quotes on compare the market
£506 Admiral gold
Current Skoda Superb diesel (2014) around £350

Edited by James6112 on Wednesday 24th July 20:37

RobbyJ

1,634 posts

229 months

Wednesday 24th July
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g7jtk said:
Is the insurance on a fully electric car about double its petrol or diesel powered counter part.
Looking at a mini countryman all4
A quick search seems to suggest the diesel does 0-60 in 8.8 seconds and the electric in 5.6 seconds, so from an insurance perspective they're not counter parts. This is the point most people seem to miss.

I just went from a 2016 Tesla Model S P90D 762BHP to a Porsche Taycan 4S 560BHP, despite the Porsche being way more expensive the insurance was quite a bit cheaper.

When I went from a 750 bhp Audi RS7 to the Tesla the insurance was give or take identical.

James-gbg1e

386 posts

87 months

Wednesday 24th July
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For a few reasons EV's are comparably more expensive I think, in the case of Tesla for example in the event of an accident they apparently mandate parts are replaced and not repaired.

Likewise, the chances of an EV being BER (beyond economical repair) are higher as fewer parts availability, less know how in the trade and the batteries or chassis being a huge risk, when you consider a battery replacement for a Tesla under normal servicing is around £8k I think, so add to that accident damage inspection and diagnostics the labour alone pushes that to well over 10k of work... a 3-4 year old M3 is worth what, 15k?

Road2Ruin

5,492 posts

223 months

Sunday 28th July
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James-gbg1e said:
For a few reasons EV's are comparably more expensive I think, in the case of Tesla for example in the event of an accident they apparently mandate parts are replaced and not repaired.

Likewise, the chances of an EV being BER (beyond economical repair) are higher as fewer parts availability, less know how in the trade and the batteries or chassis being a huge risk, when you consider a battery replacement for a Tesla under normal servicing is around £8k I think, so add to that accident damage inspection and diagnostics the labour alone pushes that to well over 10k of work... a 3-4 year old M3 is worth what, 15k?
So why is my wife's Enyaq cheaper than my volvo xc60, for me?

Turtle Shed

1,762 posts

33 months

Sunday 28th July
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2017 RAV 4 and 2014 Nissan Leaf

Over the last five years (since buying the RAV), the Leaf insurance has crept up to be very similar to that of the RAV.

Off the top of my head is used to be something like £220/£300 and now it's in the £360/£360 ballpark.