Electric car insurance

Your guide to electric cars and insurance

A ban on the sale of new cars powered solely by petrol or diesel after 2030 means that soon you may want to start thinking about taking an electric car for a spin. Here’s what you need to know about car insurance for electric cars.

Generally speaking, electric car insurance costs tend to be slightly higher than petrol or diesel cars, simply because they are currently more expensive to repair. However, as electric cars become more common repair costs will inevitably decline, so this should mean the price of electric car insurance will too in the future.

Alternatively, hybrid car insurance premiums tend to be more competitive as they combine electric motors with a petrol or diesel engine and are more common than full electric cars.

If you’re looking for an electric vehicle policy, we offer car insurance for a variety of electric cars for people over 50.

Both Saga Plus and Saga Select cover you for:

To give additional reassurance, if you take Saga Breakdown Assistance and you run out of charge on the move, we'll get you to the nearest charge point or provide a roadside charge. Saga Breakdown Assistance is provided by the RAC - the UK's number one electric vehicle breakdown provider.

In February, Saga was named a Which? Recommended Provider of car insurance for 2022. Consumer champion Which? only endorses the best products and services. As a completely independent organisation, the granting of Which? Recommended Provider status truly reflects what they think – not what someone else wants them to say.

Our policies are underwritten by several different insurers. We handpick these companies very carefully, and make sure they have the same high standards of quality and service as we do. If you buy an electric car policy from us you’ll see the name of the underwriter in your policy documents.

To find out if we can cover your electric vehicle and how much it will cost, get a quote online.

The upfront cost of an electric car is more than a petrol or diesel vehicle as they’re high in demand, low in supply and use more expensive technology. But there are many financing and leasing deals available to help spread the cost.

Remember, you will need to factor in the price of charging at home. Many electricity providers do offer special tariffs for electric car owners but the final cost will depend on the car you’ve chosen.

Electric cars don’t need things like oil or timing belt changes so they generally require less maintenance, are more reliable, and won’t need as many repairs. This is also good news for your wallet, as it keeps the costs of having an electric car down.

But like with any vehicle, there are still things that could go wrong, such as punctures or battery issues and you may still need to maintain things like brake fluid, air conditioning, and the cabin air filter.

The technology may be more expensive but you may find that the perks of going greener help balance out any extra costs. Just some of the benefits of electric cars include:

Any car run off electricity is often referred to as an EV. But there are quite a few other acronyms to describe the range of different electric and hybrid vehicles. Here are the ones you might see:

Find out more about Saga Car Insurance

Electric car insurance falls into the same categories as petrol and diesel cars. There are three different types:

To drive your electric car legally on UK roads you’ll need at least Third Party insurance. Find out how much electric car insurance will cost you by getting a quote online.

Transferring a policy over from a traditional combustion engine car to an electric car is simple with MySaga. When you have the details for your new car, you’ll need to provide the following information to transfer:

You can review the level of cover you need, and make sure the annual mileage is still up-to-date for your needs.

Based on the details you provide to MySaga, the price of your insurance may change but we won’t charge an admin fee for the changes.

An excess is the amount of money you’re required to pay when you make a claim on your car insurance. Whether your car is electric or not, you will have an excess amount indicated when you take out your policy. You’ll find the details about your electric car insurance excesses in your policy Schedule.

The excess is made up of:

Saga Car Insurance offers a full range of optional extras with electric car insurance:

Find out more about our additional cover options.

Saga Breakdown Assistance is available as an additional option with Saga electric car insurance. It offers reliable UK-wide breakdown assistance 24 hours a day, 365 days a year, and it has a range of different cover levels.

If you run out of charge when you are out on a journey, we’ll provide a 10 mile roadside boost to get you to the nearest charge point.

Saga Breakdown Assistance is provided by the RAC, the UK's number one electric vehicle breakdown provider, who are well equipped to support the different needs of electric vehicles.

Find out more about Saga Breakdown Assistance.