Insurance #electric cars#insurance
Why electric cars cost more to insure – and what's being done about it
Electric vehicles cost 30% more to repair than petrol or diesel models, leading to insurance premiums 10-25% higher, according to Thatcham Research. Tests on a Dacia Spring show a minor crash can cause £4,000 in hidden damage, often resulting in a write-off. Industry experts call for design changes to reduce repair costs and boost EV adoption.
Jul 8, 2026 1 source