Are EVs more expensive to insure?

Are insurance premiums higher for electric cars and their respective higher brake horsepower?

Gerry Crowley (Caragh, Co Kildare)

Dec 2025 Filed under: insurance

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Expert answer

Hi Gerry,

There is some anecdotal evidence of increased insurance premiums when buyers move to an EV, though we've not experienced this ourselves. There are a lot of factors that feed into the cost of insurance, including the increased price of a new car.

However, we don't believe the issue is the extra performance, but the potential increased cost of repair, such as to a battery pack for example.

We'd certainly urge would-be EV buyers to get an insurance quote for the car they're considering buying so that they have the full picture.

Shane O' Donoghue - Complete Car Advisor