Why electric cars cost more to insure - and what's being done about it
Electric vehicles are currently 10-25% more expensive to insure than traditional cars due to higher repair costs and longer service times. Industry experts are investigating why minor accidents often lead to total write-offs for EVs.
Why it matters
High insurance premiums act as a barrier to the mass adoption of electric vehicles, impacting the transition to greener transportation.
By Theo Leggett Business correspondent Published 9 July 2026, 00:09 BST It's hot and bright beneath the high intensity lights in a cavernous crash and safety testing laboratory, hidden away in a business park outside Newbury.
The article presents data from industry research and explains the technical reasons for the cost disparity without bias.
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