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Cheapest electric cars to insure

Image of woman charging her electric car.

We’ve provided thousands of insurance quotes for electric vehicles, so we crunched the numbers to reveal the eco cars with the most competitive insurance prices.

Take a look at the lowest average annual premiums for Electric Car Insurance based on sales from May 2021 to May 2022. 

Please note all figures used are averages based on internal data where there’s a minimum of 50 cars on our system, and they don’t take into account other data relating to demographics and behaviour that can affect insurance prices.  

The cheapest electric cars to insure

1) Volkswagen e-Up! - average annual premium: £337.20

Image of a Volkswagen car badge

The Volkswagen e-Up! is like an electric version of the popular Volkswagen up! – it’s affordable, cheap to run and still packs a performance punch.

The e-Up! comes with just one trim level and power level, which sounds like a negative, but there isn’t much to worry about; the model has an official 0-62mph time of 11.9 seconds with an 82mph top speed, which isn’t bad for a budget electric car.

Plus, having just one option aligns with Volkswagen’s mission statement for the e-Up!: a simple, ready-to-go EV.

It helps that the e-Up! is so comfy, too. It has a compact cockpit, and while it may lack a very modern infotainment system, it does have some extras like the helpful rear camera.

The e-Up! is a fuss-free electric car that will help you save. So, while it may not feel as exciting on the road as other cars, we’re sure your fatter wallet will help you forget about that.

The e-Up! is no longer available to buy new, but you can buy it used. 

2) Kia Soul - average annual premium: £366.83

Image of an orange Kia Soul

The EV version of the Kia Soul features a long range of 280 miles and an easy, precise drive – it’s recommended for drivers who have long commutes or regularly take to the road for weekends away.

You’d think a long-range would mean a slow overall speed, but it’s not the case. The Soul commands a top speed of 104mph and can reach 0-62mph in a pacey 7.9 seconds.

The battery reaches full charge in 45 minutes, meaning you won’t spend long refuelling either. Kia has exceeded expectations with its economical, easy-to-drive Soul, and the cheap insurance price will make it even better to own.

3) Volkswagen ID.3 - average annual premium: £380.10

volkswagenid3

Effectively replacing the outgoing e-Golf (see below), the futuristically styled ID.3 is about the same size, yet offers more space inside and a generous boot capacity. 

Inside it's almost as minimalist as the Tesla Model 3 with a large floating centre touchscreen and a small display ahead of the driver with a dinky twisty gear selector attached to the side. Fast, agile and smooth, it boasts an impressively tight turning circle. 

Available with three different sizes of battery, the most expensive version (77kWh) has a claimed range of 336 miles.

4) Fiat 500 - average annual premium: £386.82

Image of a white Fiat 500

The Fiat 500 is a mainstay on British roads for a good reason: it’s superb value for money without sacrificing its continental style and flair.

While the petrol-based 500 is the Italian car maker’s most popular version, the hybrid and EV models have their plaudits.

The EV model can achieve a top speed of 93mph, with a 0-62 time of nine seconds. Complete with a range of 199 miles, it’s zippy and efficient.

Both versions feature comfortable seats, easy handling and affordable insurance. Win-win-win. 

5) MG ZS EV - average annual premium: £392.51

MG ZS

This all-electric SUV from MG offers remarkable value for money. It may have a modest range of up to 163 miles, but it more than makes up for that when you consider that it's an EV with enough space for five, yet it's in the same price bracket as a petrol-powered family hatchback. 

It's also well equipped and simple to drive, while charging the battery to 80% can take as little as 40 minutes at a 50kW DC public chargepoint. 

Oh, and it comes with a seven-year/80,000-mile warranty!

6) MG 5 EV - average annual premium: £395.66

MG5EV

Despite costing less than a Nissan Leaf, MINI Electric or Renault Zoe, the all-electric MG 5 offers estate car space and up to 214 miles of range on a full charge. 

There's plenty of room inside for five people, its 464-litre boot expands to 1,456 litres with the back seats folded down and it can be charged to 80% in just 50 minutes from a 50kW chargepoint. 

It's not marketed as sporty but it can sprint from 0-62mph sprint in just 7.7 seconds, while MG's generous seven-year/80,000-mile warranty gives it a ring of confidence.

7) MINI Cooper - average annual premium: £408.26

Image of a white MINI cooper convertible

Since the late 1950s, the MINI Cooper has survived. As the car industry has changed, so has the budget cruiser to suit the times. Now, it is comfortable in the EV and hybrid markets, with low running costs and insurance premiums.

The official range of the EV model is on the lower end of the scale at 145 miles, but the car makes up for it with performance thanks to a quick 0-62mph time of 7.3 seconds and a top speed of 93.

The Cooper may look retro, but under the bonnet and in the cockpit, it’s anything but. Pacey, powerful and good for the bank balance.

8) Peugeot e-208 - average annual premium: £408.62

Peugeot e-208

Named 2020 European Car of the Year, the Peugeot e-208 is one of the best-looking superminis on the market, aiming to provide zero-emissions driving without compromising the style, practicality and feel of its diesel- and petrol-powered siblings. 

And it certainly delivers. It looks just like the combustion-engined Peugeot 208 (so if you want an EV that stands out as an EV, this isn’t the one for you), drives well and boasts a classy interior, although the back isn’t particularly spacious. 

It's nippy, with a 0-62mph time of 8.1 seconds, and an official range of 217 miles on a full charge, although 150-170 miles is more realistic with real-world driving. 

9) SEAT Mii - average annual premium: £414.75

Image of a SEAT car steering wheel

The SEAT Mii is efficient. A 36.8kWh battery and a range of 161 miles are more than enough for a budget EV, and its small frame makes it ideal for crowded city streets and urban commutes.

Performance is what you would expect from a car at the lower end of the scale, with a top speed of just 81mph and a 0-62 time of 12.3 seconds.

A viable alternative to the previously mentioned e-Up, SEAT is, once again, positioning itself as a commendable option in a crowded car market.

10) Vauxhall Mokka - average annual premium: £417.30

Image of a Vauxhall steering wheel

Are you looking for an efficient, all-electric SUV? Then the Vauxhall Mokka is it.

Thanks to a modern chassis and a comfortable interior, the Mokka is easy to drive, with plenty of room for weekend trips away due to a modest boot space of 310 litres (1060 with seat area down).

The battery is robust at 50 kWh, with an excellent reported range of 209 miles. You can achieve an 80% charge in just 30 minutes meaning the Mokka is perfect for long car journeys.

Performance-wise, you’re looking at a top speed of 93.2mph and a 0-62 time of nine seconds. For an SUV, that isn’t bad, and the savings you’ll be making will make a slower drive easier to stomach.

Give your savings a charge

Now you’ve chosen your dream EV, find out how much you could save using our car tax calculator.

You can even see how much you’d save on your daily commute with our journey calculator.

For up-to-date information, read our Car Insurance Pricing Index, which is updated monthly with the latest insurance pricing figures.

I'm an experienced journalist, digital editor and copywriter, now specialising in motoring. I’m editor of Automotive Blog and have worked across the media in newspapers, magazines, TV, teletext, radio and online for household names including the BBC, GMTV, ITV and MSN. I’ve produced digital content in the financial sector for Lloyds Bank, Nationwide and the Money Advice Service. I'm married with two children and live near Bath in Somerset.

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