For example, the electric-powered Nissan Leaf can be found in groups 20-25 compared to its gas-guzzling cousin the Ford Focus, which is in groups 7-14. You could be forgiven for thinking that this automatically means far higher insurance costs. However, insurance companies are starting to realise that electric cars aren’t just a futuristic fad and insurance costs are becoming more competitive.
Here at Compare the Market, we’ve done our own number crunching and we found that doing your bit for the environment doesn’t need to cost the earth, in fact it can be cheaper. According to our latest Premium Drivers Report (April 2018), the average annual car insurance premium currently stands at £736.
The average annual cost to insure a Ford Focus is £613.60, whereas the average insurance cost for a Nissan Leaf is just £451.56**.
**Average price amount based on the top five quotes from Compare the Market data from 1 January 2019 to 1 April 2019. The average is based on all variations of the vehicle model and uses risk data from people with different age ranges, addresses and driving histories. You may find a cheaper or more expensive quote based on your circumstances.