Electric cars can cost £330 more to insure than petrol or diesel
Charging time, purchase price, lifestyle – there are plenty of barriers keeping motorists from switching to an electric car, but recent research shows insurance costs could also be playing their part.
Data from insurance comparison site CompareTheMarket shows that drivers of electric vehicles can expect to pay £330 a year more than those driving petrol or diesel cars. The average annual insurance premium for an electric car is £1,070, which dwarfs the £740 average for a petrol or diesel car.