Insurance for new and used electric cars

• Step 1
  Submit details
• Step 2
  Brightside enquires with their panel
• Step 3
  You get a price in seconds
• Step 4
  Accept and get covered

Brightside understands that drivers across the UK have different needs when it comes to insurance. They offer competitive cover for a wide range of circumstances, including electric cars

How is an electric car insurance cost calculated? Well, the short answer is, the same way as any conventional petrol or diesel car. The quotation you receive for an EV insurance is based on the likelihood of a driver making a claim. EV insurance underwriters use sophisticated tools for evaluating. Multiple data points like, age, address, occupation, driving history, claims history, type of vehicle, where is the vehicle parked, type of cover, use and mileage etc. are assessed in detail. Is there a difference between the way a plug-in hybrid (PHEV), battery electric vehicle (BEV), conventional hybrid electric vehicle (HEV) are evaluated and EV insurance cost calculated? There is no difference in the approach adopted by insurance companies for the evaluation of insurance premium based on the type of electric vehicle. However, the cost of an EV will have a bearing on the total cost of insurance. It is interesting to note that underwriters will offer different EV insurance quotations for the same EV driver. The reason for this is that insurance companies use different approaches in calculating risk. We recommend always comparing electric car insurance quotations from a few insurance companies. You will be surprised by your findings on receiving multiple electric vehicle insurance quotations. We also suggest reaching out to EV insurance specialists, as they may have EV insurance products better tailored for electric car insurance. We at e-zoomed are certainly well placed to assist you securing the most competitively priced electric car motor insurance via our insurance partner, Brightside. Why does electric car insurance cost more? In our view, EV motor insurance, should not cost more than conventional vehicle insurance. We believe as the electric car insurance market is relatively new, underwriters are still in the process of better understanding the risks related to electric vehicles. We expect EV insurance to be priced at similar levels to petrol or diesel vehicle insurance, if not cheaper in the very near term. The reason for this is because EV drivers in general have a lower risk profile, given their view regarding environmental issues like air pollution and climate change. Also, electric cars are not as fast as conventional cars. In some cases, repairs for green or eco cars may cost more, but this is yet to be substantiated. Should I buy the cheapest electric car insurance? We all are keen to save our hard earned money and are tempted to accept the cheapest EV insurance quotation. However, cheapest is not always the best. We encourage EV owners to carefully understand the policy wording of the EV insurance policy, to make certain it covers all key insurance aspects related to electric car driving. For example, EVs sometimes need to be charged at public charging points via a cable between the electric car and the charging station. EV insurance should cover any public liability risk, in the event, a third party is injured by tripping on the EV charging cable. When comparing EV car insurance in the UK, please compare like for like. Do not accept the cheapest electric vehicle insurance, instead accept the EV insurance that best covers your needs as an EV driver. Where can I compare electric car insurance quotations in the UK? e-zoomed is the perfect place to secure low cost EV insurance. We reach out to a number of electric car insurance underwriters to secure for you the best EV insurance policy, at the best price. So, go ahead and try out the e-zoomed EV insurance service.