Car insurance prices surging with petrol and EV owners facing huge costs

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Electric vehicle owners are being warned of expensive car insurance prices, with new data showing that costs have risen by more than £300.

The typical average annual premium for an electric vehicle has risen by £313 year-on-year as drivers continue to be hammered by the cost of motoring.


In November 2023, annual car insurance cover for an electric vehicle cost £929 on average compared to £616 at the same time in 2022.

Many insurance companies have blamed the enormous price hikes…

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