Buying secondhand electric vehicles are now cheaper than gas-powered vehicles!

BMW i3

Data from HeyCar shows that electric vehicles no longer carry the hefty insurance premiums they once did. When you’re buying secondhand electric vehicles, you could save tons of money on insurance.

2020 was a huge year for the electric vehicle industry and has been dubbed the ‘tipping point’ for EV insurance.


An analysis by HeyCar compared insurance premiums from two of the UK largest comparison sites – GoCompare and MoneySupermarket. Looking at the average annual premium offered to drivers, they found that EV drivers are getting increasingly favourable results.

Examining insurance trends from GoCompare, we can see that individuals were quoted considerably less on their all-electric models. For example, Nissan Leaf drivers paid on average £394 a year in 2020. Whereas, owners of the smaller and cheaper to buy Ford Fiesta paid £550 a year on average across both petrol and diesel models.

This trend was echoed in data from MoneySupermarket which shows Renault ZOE drivers paid £451 on average in 2020. This was a shocking 70% cheaper than the Vauxhall Corsa where drivers paid £776 on average.

Unsurprisingly, when it comes to luxury electric car models, the Tesla Model 3 is the most expensive to insure. However, HeyCar’s analysis shows that even these prices are dropping. In 2019, Model 3 drivers could expect to pay roughly £1,464 a year compared to £1,223 in 2020.

These drops in premium prices could be due to the growing number of electric vehicles on the road. Data from the Society of Motor Manufacturers & Traders shows a significant increase in the number of new electric vehicles being sold in the UK, with a year on year increase of 186% in 2020.


1. Be accurate about your mileage.

As a general rule, the fewer miles you do – the less risk you are to an insurer. However, being accurate about your mileage predictions is the best course of action as inaccurate information can invalidate your cover.

2. Boost your security.

  A car that’s harder to steal will be a lower risk to any insurer. Fitting devices such as immobilisers and alarms could save you some pennies on your insurance. It might be worth contacting your insurer to see if fitting  any security upgrades will lower your premium so you can decide if it’s worth the investment.

3. Build up your no claims bonus.

Building up your no claims bonus discount will help you get a cheaper insurance policy because insurers reward motorists who are claim-free with discounts on their premiums.

4. Add an experienced driver.

Putting a named driver who can use your car on your policy can bring down the costs of your premium. If you’re a new driver or already have points on your licence, this is perfect for you! Just be sure whoever you’re adding isn’t deemed as a high-risk to an insurer.

5. Use an EV-specific insurer.

The growth of the EV market has led to the development of bespoke electric vehicle insurers. These are likely to be specialists and will have a better understanding of how to accurately price your insurance premium. Some may even offer a discount as an incentive too!


1. Renault ZOE

The Renault ZOE is the only EV on our list to be designed from the ground up to be electric. With a range of 245 miles and the ability to recharge its battery to 80% in around an hour, the ZOE offers drivers a lot in a small packet. 

Perfect for town driving, the ZOE effortlessly accelerates at low speeds and it’s B driving mode means the car’s regenerative brakes slow the car when you lift off the accelerator. It really is a fantastic choice for young drivers or those beginning their EV journey.

2. Smart EQ Forfour

The Smart EQ Forfour is a spin on the manufacturers Fortwo. However, this time offering four doors and a bigger interior. It’s rear-mounted motor means it’s ultra maneuverable as the front wheel can turn tightly without an engine in the way. 

With a smaller range of roughly 85 miles, drivers can be limited to how far they can travel in the Forfour. If you’re only doing a local commute everyday then the range shouldn’t be an issue!

3. Volkswagen e-Golf

The Volkswagen Golf has been one of the most popular cars in the UK over the past decade, so it’s no surprise the e-Golf is just as popular! It has everything we love about the Golf but with electric power. 

VW’s e-Golf has a decent range of 120 miles, making most journeys a breeze. With a superb interior quality and an infotainment system that is fun and practical. It also feels extremely spacious inside, with lots of boot and back seat space.

4. Peugeot e-208

Recognised for it’s striking looks, the Peugeot e-208 is a spin on its gas-powered alternative. It’s a fun all-electric vehicle that has a fab interior featuring a 7-inch infotainment system at it’s centre.

Fitted with Apple CarPay and Android Auto the Peugeot e-208 is a fantastic electric option for young drivers. It has an impressive range of roughly 215 miles, which is further than the Fiat 500-e or the Honda E.

5. Renault Twizy

The Renault Twizy is part scooter, part car and makes sense for congested cities. It’s designed as an urban runaround and can do 45 miles between charges. 

While this does seem mini, topping up the battery only takes three and a half hours from a domestic three-pin socket. Impressive!


We are proud to specialise in selling secondhand electric vehicles that have only had one registered keeper. All of our vehicles were previously used for a hire fleet by our sister company, EVision Electric Vehicles.

Currently we have a number of EVs for sale, including a Renault ZOE and some BMW i3s. Both of which are perfect for young drivers or drivers at the beginning of their EV journey.

You can view our full stocklist, here. If you have any questions, please feel free to give us a call on 01634 914 063 or email us at

* All information correct as of 26/07/2021.