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.
Electric cars are covered with our Comprehensive car insurance and you can choose either the Saga Plus, Saga Select or Saga Standard cover level.
Saga Plus, Saga Select and Saga Standard all cover you for:
NEW Battery recharge - If your electric car is immobile because it’s run out of charge while you’re driving in the UK and you don’t have any valid breakdown cover, we’ll send the RAC. They’ll give your car a boost so you can get to the nearest electric vehicle charge point. Or they can arrange for you, your passengers and your car to be taken to the nearest electric vehicle charge point, or to your home, whichever is closer.
Over the air updates (OTA) - All manufacturer approved software updates and settings installed wirelessly such as functionality, performance and safety updates are covered as standard.
Battery cover - We'll replace your battery if it's damaged as a result of an accident or fire.
Charging equipment - We'll repair or replace your charging cable and any adapters if they're damaged by fire, theft or accidental damage.
Two years' new for old cover - If you've owned your electric car from new, and it's up to a year old, we'll replace it with a brand new one if it's written off. Vehicles between one and two years old are covered up to 12,000 miles.
Liability - We'll cover any claim against you if someone trips over your charging cable and injures themselves.
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An electric car is powered by one or more electric motors that run on rechargeable batteries.
Most electric cars use a single gear, so it feels like you’re driving an automatic car.
You can charge electric cars at public charging sites or get a special wall charger installed at home.
They can drive for around 100-300 miles before they need re-charging.
Electric vehicles are much more eco-friendly as no tailpipe means no exhaust gases.
Electric cars don’t release emissions so owners don’t pay tax or congestion charges.
Most electric car brands offer an 8-year (or 100,000 mile) warranty on the batteries.
Hybrid cars have a fuel engine that does most of the work but they also partially run on an electric motor.
Conventional hybrid cars charge as you drive them and chargeable hybrid cars need to be charged at home or at a charging site.
Both types of hybrid car use the energy from braking to help recharge the cars batteries.
Hybrid car batteries last on average between 80,000 and 100,000 miles.
You will still need to fill your car up with petrol or diesel.
Hybrid engines emit around 15-30% of the emissions of traditional petrol and diesel cars.
Hybrids emitting less than 75g/km of CO2 are exempt from congestion charges.
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:
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.
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:
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.
Saga Car Insurance offers a full range of optional extras with electric car insurance:
Find out more about our additional cover options.
There's plenty to explore and learn about our car insurance cover.
Flexible policies for over 50s, for breakdown cover you can rely on.
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