Electric cars cost twice as much to insure as petrol and diesel vehicles
By Paul Homewood
It’s even worse than we thought!
Drivers of electric cars are being asked to pay more than twice as much for insurance as those who own petrol-fuelled models, data has revealed.
The typical insurance premium for electric vehicles (EVs) has increased to £1,344, a rise of 50pc compared with a year earlier, according to UK broker Howden Group.
That is double the cost of cover for combustion engine cars, which Howden blames on a higher cost of repairs for electric models.
Insurance premiums for all types of cars surged last year but the rise for EVs was bigger both proportionally and in real terms, the company said.
For example, while the cost of insuring a typical internal combustion engine (ICE) car jumped by 31pc, the number itself rose from £514 to £676, some £668 less expensive per year than insuring an electric car.
Howden blamed this on a higher frequency of claims from EV drivers and a higher average cost per claim than for ICE-model drivers.
The average cost per claim for accidental damage was typically 35pc higher for EVs, the company said.
Howden said this was due to the more complicated technology in electric cars which tended to require specialist mechanics with specific equipment.
Batteries were also “expensive and prone to damage”, Howden added.
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NOT A LOT OF PEOPLE KNOW THAT 
Nimblefins quote an average EV insurance cost of £654 as of 31-Dec-23, I wonder why Howdens are so much higher.
https://www.nimblefins.co.uk/largest-car-insurance-companies/average-electric-car-insurance-cost-uk
O.T. WHO Executive Board 22-27 January 2024
https://www.gov.uk/government/news/who-executive-board-22-27-january-2024
Toyota have recently said that Electric cars will never be more than a third of the vehicle market.
No doubt the insurance companies will be instructed to increase the cost of insuring ICE vehicles to match that of EVs.
A company has invested millions to install 100 fast charging facilities round the country.
As far as I was aware fast charging-in this case 5 minutes will give you 100 miles-will quickly wreck the battery. Has technology changed? Is such charging now safe?
If not, surely lots of claims will be made for damaged batteries and perhaps an increase in fires.
Jam Tomorrow
How anyone is so stupid that they actually buy a battery electric vehicle is beyond me, even with the salary sacrifice for company cars, the range anxiety, the fire risk, the high insurance premium, the fact that Hertz and London black cabs have given up on them, the buses that are catching fire , the loss of range in cold conditions, what is going on?
My diesel van’s insurance went up 20% 2 weeks ago.
Climatereason ” has the technology changed ?”. Not so far as I know, according to the 2023 Tesla rules & guarantees re battery life & care. Repeat rapid charging totally nullifies their warranty terms as I read them.
£668 is enough to buy 5,000 miles of ICE fuel at current pump prices.
And so it goes; the EVangelist madness continues. Keep griftin !
Except for Range Rovers, some of who’s owners cannot get insured at all.
https://www.dailymail.co.uk/news/article-12983865/Couple-forced-sell-new-Land-Rover-14-000-loss-ONE-MONTH-insurance-policy-cancelled-manufacturer-wont-insure-despite-model-drivers.html
If you can believe what we are being told.
Another blow for climate worriers…
JANUARY 24, 2024
EU rules have failed to cut car CO2 emissions: report
Bigger, more powerful cars have negated the impact of tighter CO2 emissions regulations in the EU, a report by the bloc’s internal auditor found Thursday.
https://phys.org/news/2024-01-eu-car-co2-emissions.html
And another electric bus catches fire .https://www.independent.co.uk/news/uk/home-news/electric-bus-london-fire-putney-capital-b2484622.html