In a recent video shared on social media, Driver Matty addressed one of the biggest myths currently surrounding the transition to electric vehicles: the idea that all electric cars are naturally expensive to insure. While headlines often focus on high premiums, the reality is far more nuanced and depends heavily on the specific insurance group of the vehicle.
Insurance groups in the UK range from 1 to 50. The lower the number, the cheaper the insurance typically is. Many drivers are surprised to find that several electric models sit comfortably at the lower end of this scale, making them no more expensive to cover than a standard petrol or diesel hatchback.
Understanding the Groups
The cost of a premium isn’t just about the battery; it’s about repair costs, performance, and safety features. High-performance EVs often find themselves in the top brackets because of their incredible speed and the high cost of specialised parts. However, as more “sensible” electric cars hit the market, the options for affordable cover are expanding.
To help motorists understand the landscape, here is a look at how different electric models sit across the insurance spectrum:
Low Insurance Groups (Affordable Cover)
For those looking to keep costs to an absolute minimum, cars like the Dacia Spring are leading the way, sitting in group 1. Other affordable options include the Fiat 500 Electric (starting around group 8) and the Renault Zoe (starting around group 14). These vehicles are designed for city driving and sensible speeds, which keeps the risk—and the price—down.
Mid-Range Insurance Groups
The most popular family-sized electric cars generally fall into the middle of the pack. The Volkswagen ID.3 typically sits between groups 18 and 28 depending on the battery size and trim level. Similarly, the MG4 EV, which has gained massive popularity for its value, usually falls between groups 27 and 29. These offer a balance of range and performance without hitting the highest premium tiers.
High Insurance Groups (Premium Costs)
At the top end of the scale are the high-performance and luxury models. The Tesla Model 3 Performance often sits in group 50, the highest possible bracket, due to its immense power and repair complexity. Other luxury brands like the Porsche Taycan or the Audi e-tron GT also occupy these top tiers, where premiums reflect the high value and performance of the car.
By doing a bit of research into insurance groups before buying, motorists can avoid the “EV tax” and find a car that fits both their lifestyle and their budget.
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