The proportion of car insurance enquiries for electric vehicles (EVs) increased by more than two-thirds (69%) in 2020.
Data from millions of MoneySuperMarket car insurance enquiries shows that between July and December 2020, around five out of every 1000 enquiries were for EVs (0.54%), up from four (0.37%) between January and June.
In London, approximately nine out of every 1000 (0.86%) enquiries were for EVs, the highest proportion in the country. The capital is followed by the South East (0.72%) and Scotland (0.57%), with Wales and Northern Ireland having the lowest proportion of enquiries for electric vehicles (both 0.34%).
The average premiums for EVs in London were also over £200 higher than anywhere else in the country, suggesting residents may be opting for higher-end electric cars, which can be more costly to insure.
Proportion Of Enquiries For EV By Region
| Region | Proportion of enquiries for EVs, H1 2020 | Proportion of enquiries for EVs, H2 2020 | Change | Average Premium in H2 2020 |
| London | 0.54% | 0.86% | 60% | £875.66 |
| South East | 0.50% | 0.72% | 45% | £509.15 |
| Scotland | 0.39% | 0.57% | 48% | £423.13 |
| East | 0.38% | 0.56% | 46% | £563.36 |
| South West | 0.40% | 0.55% | 38% | £438.40 |
| East Midlands | 0.30% | 0.46% | 51% | £589.13 |
| North East | 0.31% | 0.42% | 34% | £556.02 |
| North West | 0.29% | 0.40% | 39% | £666.13 |
| West Midlands | 0.26% | 0.38% | 45% | £658.08 |
| Yorkshire & the Humber | 0.28% | 0.35% | 26% | £616.06 |
| Northern Ireland | 0.25% | 0.34% | 38% | £490.12 |
| Wales | 0.27% | 0.34% | 26% | £474.87 |
Overall EVs have the lowest average premiums, when compared with petrol and diesel cars. As of the second half of 2020, an EV cost £627.20 on average to insure – nearly £46 cheaper than petrol cars (£673.61) and nearly £60 cheaper than diesel (£682.82).
Comparing the volume of enquiries, the most popular EV is the Tesla Model-3, with an average premium of £867.95. Comparatively, the Nissan Leaf, which was the most popular EV until the start of 2019, has an average premium of £421.54.
Top Ten EVs With The Most Enquiries, Between July and December 2020
| H2 2020 rank by number of enquiries | Car | Average Premium Cost | Change in Rank from H1 2020 |
| 1 | Tesla Model-3 | £867.95 | 0 |
| 2 | Nissan Leaf | £421.54 | 0 |
| 3 | Renault Zoe | £484.09 | +1 |
| 4 | Tesla Model-S | £1,225.34 | -1 |
| 5 | BMW I3 | £474.88 | 0 |
| 6 | Kia Niro | £445.70 | +4 |
| 7 | Jaguar I-Pace | £745.92 | 0 |
| 8 | MG-Motor UK ZS | £419.62 | 0 |
| 9 | Volkswagen E-Golf | £488.20 | -3 |
| 10 | Porsche Taycan | £1,121.12 | +7 |
Find out more about home electric cars and car insurance here.
Leave a Comment
You must be logged in to post a comment.