At the end of last year, the insurance comparator “Les ferrets” published a study on insurance rates for electric vehicles; it turns out that on average the rate is favorable for electric compared to thermal vehicles.
This is only an average because the price aggregates the price of the car and the personal parameters of the driver: seniority, age, geographical area of residence, history of insurance (accidents responsible, etc.). And if you compare cars from the same segment, you can have surprises.
The price, a strong element of the price
When an insurer makes a quote, it is based on the selling price of the car; it happens that he takes the face price of the vehicle, not the price paid by the owner.
Explanation: the price of the vehicle is not reduced by bonuses and aids; it turns out that electricity is more expensive today than a thermal equivalent.
A ZOE R110 is worth about twice the price of an entry-level Clio. A price that will directly impact the insurance rate.
Everything has to be compared
The comparator site has studied millions of quotes; it turns out that a Tesla can be insured cheaper than a BMW 3 Series. But the insurance rate doesn’t do everything. It does not take into account more economical maintenance.
This can eventually reduce the overall cost of owning the car. Especially since refueling is much cheaper today than refueling.
The fact remains that you have to compare multiple propositions before you decide.
A big increase to expect?
The Special Tax on Insurance Agreements (TSCA) was introduced in 1944 to replace the various stamp duties on insurance contracts; it applies to all contracts.
Since January 2021, the Government has chosen to encourage the purchase of cleaner vehicles including electric cars by removing this tax. A measure that should last until 2023.
This represents about 25% to be added to the amount of your premium if this measure ends.