Car insurance: What is the price difference between the same electric model and the gasoline model?Our comparison

Ecology bonuses, free gray cards in most parts of France, lower cost of use and maintenance than thermal models … There is a lot of controversy in favor of electric vehicles. This certainly illustrates the success of these vehicles over the two years in France. It remains a cost item that leaves a great deal of blur for the driver: insurance costs. According to some experts in this sector, electric vehicle insurance is cheaper than gasoline or diesel models in comparable segments. However, recent studies have shown the opposite, with premiums up to double.

But who do you believe in? At first glance, the second option seems logical. The higher the selling price of a vehicle, the higher the cost of insurance. But as Hyperassur.com reminds us, the notion of vehicle value isn’t the only criterion insurers are considering. “Good driving behavior is generally good for your insurance premiums.” However, driving an electric vehicle encourages more responsible and less aggressive driving. Therefore, the risk of an accident is theoretically less important. “This is beneficial because the cost of insurance is based on the possibility of harming yourself and others while you are out,” explains the car insurance comparator.

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There is another important criterion to consider. It’s taxation. From January 1, 2021 to at least December 31, 2023, electric vehicles are exempt from special tax (TSCA) on insurance policies. “The purpose of this measure is to encourage the purchase of electric vehicles. Hyperassur.com says,” On average, reductions in contributions, even if it is left to the discretion of the insurance company to pass on this tax cut to contributions. The amount is 25%, “he said,” often. “

Electric car insurance and petrol car, simulation

So is it cheaper or more expensive? To be sure, run a simulation using Hyperassur.com and compare insurance prices for comparable electric and gasoline models in several market segments (city cars, compact sedans, SUVs, sports cars, etc.) Did.We started with a typical driver profile: a driver in his thirties with a 49% bonus, living in Paris and traveling about 13,000 km a year

These figures, dating back to mid-January, clearly show that electric vehicle premiums are cheap. Sometimes there are very small differences (up to about 30 euros a year between Renault Clio and Zoe) and are often very important. This is especially true for Skoda SUVs, which always have the advantage of the electric model (Enyaq iV).

However, in rare cases, the thermal model may be more interesting to insure. This is the case, for example, with the Hyundai Kona, where the annual fee for the petrol version is 100 euros cheaper than the “all-risk” electric version. According to Hyperassur.com, this price difference can be justified by a “guarantee of conformity that covers the peculiarities of electric vehicles.” In fact, some insurance companies provide assistance in the event of damage during charging, or towing a vehicle to the nearest terminal and a power outage.

Also note that in general, the price difference between electric and hot vehicles is greater in the context of third-party insurance than in the “all risks” formula. “The difference is primarily in the parts,” explains Hyperassur.com. As part of the basic formula, insurance does not fully cover certain parts such as batteries. The cost is high in the event of damage, such as a battery. “

Will electricity insurance be even cheaper in the future?

Duty-free, more responsible driving, and “clean” vehicle labels are all good claims when insuring electric vehicles. And our simulations clearly show that, with a few exceptions, the contribution of the electric model is lower than that of comparable thermal vehicles. Sure, the amount can vary depending on the driver’s profile, but the difference isn’t that important.

If the electric vehicle sales boom continues, it may expand further in the future. “In fact, Hyperassur.com analyzes that it relies on the replacement parts market. If electric vehicles become commonplace and easier to repair in the coming years, they will be less risky and will have lower insurance premiums. “.