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Electric car insurance

Electric car insurance can cost more than insuring a traditional car, so it pays to compare. Filter by what matters to you and click through for a personalised quote.

Car Insurance
1 - 10 of 43
Product FCI Roadside assistance Accidental damage Storm Choice of repairer Agreed or Market Value
Optional
Optional
Agreed or Market
Summary: Coles Comprehensive Car Insurance includes the benefits you’d expect, plus features like grocery replacement (up to $200 if damaged or stolen. T&C’s apply). You’ll also collect 2 Flybuys points for every $1 you spend at Coles when you link your Flybuys (max cap, exclusions and eligible purchases apply).

⭐ Current offer: Get $50 off one Coles shop when you take out a new Coles Car Insurance policy and link your Flybuys account. Offer ends 30 November 2024. Plus, save 15% on your first year’s premium when you buy online. T&Cs apply.

Who it might be good for: Those who want great quality cover and more rewards with Flybuys.
Optional
Agreed or Market
Summary: One of the only insurers to automatically include roadside assistance. It also won 12 out of the 22 categories in Finder's 2024 customer satisfaction awards.

Winner of 12 out of the 22 categories in Finder's 2024 customer satisfaction awards. Yes, that many.
Optional
Optional
Agreed or Market
Summary: The 2024 winner of our Best Value Car Insurance award. It's cheaper than most, plus you can lower costs by adding age restrictions.

⭐ Current offer: 15% off your first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: Anyone who wants a good value policy.
Optional
Agreed or Market
Summary: Huddle's comprehensive policy will cover you if your vehicle is damaged or lost as a result of a collision, a natural event, a malicious act, theft or fire. It also includes up to $500 for essential repairs.

Who it might be good for: Someone who drives less than 15,000 km a year can opt for Pay As You Drive cover.
Optional
Optional
Agreed or Market
Summary: You need car insurance so why not get one that lets you earn Qantas Points? It's good value too (it's underwritten by the same insurer as Budget Direct).

⭐ Current offer: Earn up to 40,000 Qantas Points with every car insured by 29 January. Plus save 15% on your 1st year’s premium when you purchase online. T&Cs apply.

Who it might be good for: People who want more bang for their buck with Qantas Points.
Agreed
Summary: ALDI's comprehensive insurance policy covers your car for an agreed value and a variety of policy benefits.

Who it might be good for: Ideal for those seeking competitive coverage limits, though other products may have higher limits.
QBE Comprehensive
Green Company
QBE Comprehensive
Optional
Agreed or Market
Summary: Finder's best-rated Car Insurer for Customer Satisfaction in 2021/2022 and Green Insurer for the last 3 years.

⭐ Current offer: Save $75 when you purchase a new comprehensive policy online. T&Cs apply.

Who it might be good for: Those who want a trustworthy insurer and more cover than other brands, such as 3-year new car replacement (e.g. they'll give you money for a new car for up to 3 years if yours is written off).
Agreed
Summary: One of the most cost-effective insurers for under 25s, according to Finder research, with no aged-based excess.

⭐ Current offer: Get 10% off the base premium for the first 2 consecutive monthly policies and up to a 15% potential monthly discount from your 3rd month for being a safer driver. Minimum premiums may apply. T&Cs apply. Learn More.

Who it might be good for: Young drivers looking to keep costs down and anyone who’d like to get more flexibility from their car insurance.
Agreed or Market
Summary: This goes further than most insurers. You get up to 2k for stolen keys, roadside assistance and rental car excess cover (for car rentals in Australia).

Who it might be good for: Those who want top cover for their car.
Optional
Market
Up to $20 million legal liability cover and 24/7 claims team.
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Who offers cover for electric cars?

Most general car insurers offer insurance for electric vehicles, including Bingle, Budget Direct, Youi and Virgin - among others. Request quotes for electric car insurance, from our list of major providers below.

Is it cheaper to insure electric cars?

No. In fact, electric car insurance is usually more expensive than cover for a petrol or diesel car - but there are a few reasons for the higher price point.

  • They cost more - Electric cars don't come cheap. If you're insuring an electric vehicle, it's almost certainly high value, so your insurance premium will reflect that.
  • Parts are expensive - Electric vehicles are still relatively new to the Australian market, so there are limited suppliers and manufacturers, which means sourcing spare parts can be tricky.
  • There's a skills gap - Right now, there are very few skilled technicians who specialise in repairing electric vehicles, so they can charge a premium for their service.

While electric car owners can expect to pay more for their premiums right now, it might not always be the case. As more vehicles enter the market, the number of service providers will increase and arranging repairs will be easier - bringing the cost of insurance down.

Electric car vs fuel-powered vehicle insurance costs

We compared the Hyundai Ioniq Elite fully electric car with the Hyundai I30 Premium hatch, because both cars have similar features and are an affordable price point.

However, the Ioniq has an on-road cost of $49,523 - some 20% higher than the diesel-engined I30, which comes in at $39,430.

Fully comprehensive cover for a 30-year-old, rating one driver cost an average of $1,476 for the Ioniq, while cover would only cost $844 for the same driver if they owned the I30.

The table below shows the on-road costs for three popular electric vehicles over five years, covering an estimated 15,000 kms per year.

VehicleList priceEstimated on-roadWeekly on-road costs
BMW i3 120Ah Electric$68,700$74,722$58.34
Tesla Model S 100D Electric 1sp Auto$141,400$145,801$62.95
Tesla Model X 100D Electric 1sp Auto$146,000$150,493$64.64

On-road costs include rego, insurance, licence and RACQ membership. Figures provided by RACQ.

Interested in reading more about electric vehicles?

Make sure to read our electric car reviews section to see the latest news and updates on electric cars in australia.

Electric car comparison

Name Product AUFCL-CAR Number of seats ANCAP rating Price (from) Finder Score Review
Tesla Model S
5 seats
5 stars
$111,400
88.5%
Porsche Taycan
5 seats
5 stars
$280,300
87.75%
Tesla Model 3
5 seats
5 stars
$83,400
83.5%
Polestar 2
5 seats
5 stars
$59,900
83.25%
Hyundai IONIQ
Green Company
Hyundai IONIQ
5 seats
5 stars
$48,970
82.25%
Hyundai Kona Electric
5 seats
5 stars
$58,500
82%
MG ZS EV
5 seats
5 stars
$43,990
82%
Nissan Leaf
5 seats
5 stars
$49,990
76%
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Finder survey: Where do Australians mostly charge their electric vehicle?

Response
Home87.5%
Public charging stations12.5%
Source: Finder survey by Pure Profile of 1145 Australians, December 2023

Can I get a discount on electric car insurance?

Although you might have to accept higher premiums for the meantime, there are still ways to save money on your insurance. Some insurers - like WA's RAC - will give discounts for cars which have low fuel emissions. Under the RAC scheme, cars under a year old could see a premium reduction of up to 25%.

You can also save money on your car rego if you buy an electric vehicle, while your duty costs could also be lower.

Do I need specialised insurance for electric cars?

Not necessarily. Most car insurers will offer insurance for electric cars - however, it might be trickier to find cover if you've got a rare or extremely high-value electric vehicle.

For example, some insurance companies won't cover Tesla vehicles, while others will enforce strict age limits on policyholders. This is because there are limited dealerships - just six in Australia - so coordinating repairs can be a lengthy and expensive process.

If you can't find a general insurer that is happy to cover your electric car, you can try the Insurance Council of Australia's Find an Insurer service.

Is it better to get my own choice of repairer?

Some car insurers will give you the option to use your own choice of repairer if you have to make a claim. This usually comes at an additional cost but there are benefits associated with using your own repairer - including quicker turnaround times, a more convenient location, and the ability to choose a specialist service provider.

For electric car owners, particularly those who have prestige or high-value vehicles, it's often a priority to have a specialist mechanic or technician handling the repairs process. As such, it may be worth considering an insurance company which will let you choose your own repairer.

Can I get third party insurance for my electric car?

Yes. Most car insurers will provide third party, third party fire and theft, and comprehensive insurance policies for electric cars.

However, while third party insurance might be cheaper than comprehensive cover, it won't pay out if your car is accidentally damaged. Plus, electric cars aren't exactly cheap - so it might be worth considering more comprehensive insurance.

Ben Gribbin's headshot
Written by

Writer

Ben Gribbin is an automotive writer at Finder. He is a life-long car enthusiast, bringing many years of experience working with and writing about cars. During his time, Ben has been a freelance writer, editor and reviewer for a number of leading publications across the UK. He was voted the Guild of Motoring Writers Breakthrough Blogger in 2015. See full bio

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Co-written by

Senior writer

Nicola Middlemiss is a contributing writer at Finder, with a special interest in personal finance and insurance. Formerly a business and finance journalist, Nicola has written thousands of articles helping Australians better understand insurance and grow their personal wealth. She has contributed to a wide range of publications, including Domain, the Educator, Financy, Fundraising and Philanthropy, Insurance Business, MoneyMag, Mortgage Professional, Yahoo Finance, Your Investment Property, and Wealth Professional. Nicola has a Tier 1 General Insurance (General Advice) certification and a Bachelor's degree from the University of Leeds. See full bio

Nicola's expertise
Nicola has written 237 Finder guides across topics including:
  • Personal finance
  • Personal insurance, including car, health, home, life, pet and travel insurance
  • Commercial business insurance

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2 Responses

    Default Gravatar
    JimSeptember 23, 2021

    I do a search for the vehicle I want a quote for and the model isn’t listed. Dead end. The vehicle is a 2016 Nissan eNV200 24kWh van.

      AvatarFinder
      AlisonSeptember 27, 2021Finder

      Hi Jim,

      Thanks for reaching out. Although your car model isn’t listed, you can still request for a personalised quote. Simply click the Get Quote icon on this page. You’ll be directed to the insurer’s website where you can provide the details of your vehicle.

      Make sure you read each policy’s Product Disclosure Statement (PDS) to make sure you’re covered for what you need.

      Regards,
      James

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