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 (October 2018), the average annual car insurance premium currently stands at £731.
The average annual cost to insure a Ford Focus is £656.34, whereas the average insurance cost for a Nissan Leaf is just £477.*.
*All average price amounts based on Compare the Market data from 1st July to 1st October 2018. These averages are based on all our customer quotes, from people with different age ranges, addresses and driving histories. You may find a cheaper or more expensive quote based on your circumstances.