The cheapest electric cars to insure

We’ve provided thousands of electric vehicle insurance quotes, so we crunched the numbers to reveal the eco-friendly cars with the most competitive insurance prices.

Take a look at the lowest average annual premiums for electric car insurance based on sales from May 2021 to May 2022.

Please note that all figures used are averages based on internal data where there are a minimum of 50 cars on our system, and they do not take into account other demographic and behavioral data which may affect prices insurance.

The cheapest electric cars to insure

1) Volkswagen e Up! – average annual premium: £337.20

The Volkswagen e-Up! is like an electric version of the popular Volkswagen up! – it’s affordable, cheap to run and still packs a performance punch.

The e-Up! comes with only one trim level and one power level, which sounds like a negative, but there’s not much to worry about; the model has an official 0-62mph time of 11.9 seconds with a top speed of 82mph, which isn’t bad for a budget electric car.

Additionally, having only one option aligns with Volkswagen’s mission statement for the e-Up! : a simple and ready-to-use electric vehicle.

It helps that the e-Up! is also comfortable. It has a compact cockpit, and while it might lack a very modern infotainment system, it does have some extras like the useful rear camera.

The e-Up! is a hassle-free electric car that will help you save money. So while it’s not as exciting on the road as other cars, we’re sure your bigger wallet will help you forget about it.

The e-Up! is no longer available for purchase new, but you can buy it used.

2) Kia Soul – average annual premium: £366.83

Image of an orange Kia Soul

The EV version of the Kia Soul offers a long range of 280 miles and easy, precise driving – it is recommended for drivers who have long journeys or who regularly hit the road for weekends.

You would think that long range would mean slow overall speed, but that is not the case. The Soul commands a top speed of 104 mph and can hit 0-62 mph in 7.9 seconds.

The battery reaches full charge in 45 minutes, which means you won’t spend a lot of time refueling either. Kia has exceeded expectations with its economical and easy-to-drive Soul, and the cheap insurance price will make it even more enjoyable to own.

3) Volkswagen ID.3 – average annual premium: £380.10

volkswagenid3

Effectively replacing the outgoing e-Golf (see below), the futuristically styled ID.3 is about the same size, but offers more space inside and generous boot capacity.

Inside, it’s almost as minimalist as the Tesla Model 3 with a large central floating touchscreen and a smaller screen in front of the driver with a curvy gear selector attached to the side. Fast, agile and fluid, it has an incredibly tight turning radius.

Available with three different battery sizes, the most expensive version (77kWh) has a claimed range of 336 miles.

4) Fiat 500 – average annual premium: £386.82

Image of a white Fiat 500

The Fiat 500 is a mainstay on British roads for good reason: it’s excellent value for money without sacrificing its continental style and flair.

While the petrol-powered 500 is the Italian automaker’s most popular version, the hybrid and electric models have their accolades.

The EV model can reach a top speed of 93 mph, with a 0-62 time of nine seconds. Complete with a range of 199 miles, it’s fast and efficient.

Both versions feature comfortable seats, easy handling and affordable insurance. Win-win.

5) MG ZS EV – average annual premium: £392.51

MG ZS

This all-electric SUV from MG offers remarkable value for money. It may have a modest range of up to 163 miles, but that more than makes up for that when you consider it’s an electric vehicle with enough space for five, but is in the same price range than a gasoline-powered family sedan.

It’s also well-equipped and simple to drive, while charging the battery to 80 per cent can take as little as 40 minutes at a public 50kW DC charging station.

Oh, and it comes with a seven-year/80,000-mile warranty!

6) MG 5 EV – average annual premium: £395.66

MG5EV

Although it costs less than a Nissan Leaf, MINI Electric or Renault Zoe, the all-electric MG 5 offers station wagon space and up to 214 miles of range on a full charge.

There’s plenty of room inside for five people, its 464-litre boot expands to 1,456 liters with the rear seats folded down and it can be 80% charged in just 50 minutes from a charging station. 50 kW charging.

It’s not marketed as sporty, but it can sprint from 0-62mph in just 7.7 seconds, while MG’s generous seven-year/80,000-mile warranty gives it a ring of confidence.

7) MINI Cooper – average annual premium: £408.26

Image of a white convertible MINI cooper

Since the late 1950s, the MINI Cooper has survived. As the automotive industry has changed, so has the budget cruiser suited to the times. Now it is at home in the electric and hybrid vehicle markets, with low running costs and insurance premiums.

The official range for the EV model is on the lower end of the scale at 145 miles, but the car compensates with performance thanks to a quick 0-62mph time of 7.3 seconds and a top speed of 93.

The Cooper may look retro, but under the hood and in the cabin, it’s anything but. Pacey, powerful and good for the bank balance.

8) Peugeot e-208 – average annual premium: £408.62

Peugeot e-208

Named European Car of the Year 2020, the Peugeot e-208 is one of the best-looking city cars on the market, aiming to deliver zero-emissions driving without compromising the style, practicality and feel of its diesel siblings and essence.

And it certainly delivers. It looks like the combustion-engined Peugeot 208 (so if you want an EV that stands out like an EV, this isn’t the one for you), drives well and has a stylish interior, although the rear is not particularly spacious.

It’s quick, with a 0-62mph time of 8.1 seconds and an official range of 217 miles on a full charge, although 150-170 miles is more realistic with real-world driving.

9) SEAT Mii – average annual premium: £414.75

Image of a SEAT car steering wheel

The SEAT Mii is efficient. A 36.8 kWh battery and 161 miles of range are more than enough for a budget electric vehicle, and its small chassis makes it ideal for crowded city streets and urban commutes.

Performance is what you’d expect from a car at the bottom of the scale, with a top speed of just 81 mph and a 0-62 time of 12.3 seconds.

A viable alternative to the previously mentioned e-Up, SEAT positions itself, once again, as a commendable option in a crowded car market.

10) Vauxhall Mokka – average annual premium: £417.30

Image of a Vauxhall steering wheel

Are you looking for an efficient all-electric SUV? So is the Vauxhall Mokka.

Thanks to a modern chassis and comfortable interior, the Mokka is easy to drive, with plenty of space for weekend jaunts thanks to a modest boot volume of 310 liters (1060 with the seat lowered).

The battery is robust at 50kWh, with an excellent reported range of 209 miles. You can reach an 80% charge in just 30 minutes, which means the Mokka is perfect for long car journeys.

Performance-wise, you’re looking at a top speed of 93.2 mph and a 0-62 time of nine seconds. For an SUV, that’s not bad, and the savings you’ll get will make driving slower easier to digest.

Charge your savings

Now that you’ve chosen the electric vehicle of your dreams, find out how much you could save with our car tax calculator.

You can even see how much you’d save on your daily commute with our trip calculator.

For up-to-date information, read our Auto Insurance Pricing Index, which is updated monthly with the latest insurance pricing figures.

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