Why is insurance more expensive for an EV/Hybrid?

EV and plug-in hybrid insurance rates reflect the higher cost of EV repairs:

1. Battery pack costs: The battery is the car’s single largest component. An accident that might cause minor damage on a petrol car could require a full battery replacement or result in a total write-off.

2. Brand-certified workshops: EV repairs require certified specialist workshops, which means longer repair turnarounds and higher claims costs.