What’s the cost of insuring an EV?
odt.co.nz May 30, 2026

What’s the cost of insuring an EV?

AI-summarised brief · reviewed before publication

Electric vehicle (EV) insurance premiums are generally higher than those for petrol or diesel cars, with a variation of 6% to 38% across different models. Factors such as higher repair and specialist costs, limited certified EV repairers, and newer manufacturers' lack of scale and established parts distribution networks contribute to the increased premiums. Established EV models like the Nissan Leaf have lower premiums due to a mature repair network and healthy used parts market.

💡 Why It Matters

  • · The insurance gap between EVs and petrol or diesel cars may narrow as electric vehicles become more common, but for now, buyers should factor in higher premiums when considering the total cost of ownership.