26/05/2026
Thinking of buying an electric car? Be sure to get all your info first - including insurance quotes!
🚗 Thinking of a new Chinese EV? You might hit a huge speed bump at the insurance office. UK drivers are facing premiums up to £255 higher than petrol cars, with half of all quote requests being rejected outright for brands like BYD and Jaecoo!
Insurance companies are wary due to a lack of repair data and concerns over spare parts for these newer models. This uncertainty means higher costs or even no cover at all for some drivers.
Key issues for insurers:
🔹 Lack of historical data on new Chinese brands.
🔹 Concerns over spare parts availability.
🔹 Limited established repair networks in the UK.
For example, insuring a Jaecoo 7 could cost over £1,100 a year, nearly double that of a Skoda Karoq. Even though these cars are cheaper to buy, the insurance can quickly eat into any savings.
While companies like Aviva are offering cover, many major insurers are still hesitant. The good news is that this situation might improve as these brands establish themselves within the UK market, similar to what happened with Kia and Hyundai years ago.
Always do your homework: get an insurance quote *before* you fall in love with a new car. It could save you a nasty surprise.
Tap to read the full breakdown and see if it affects you: https://www.regit.cars/car-news/cheap-to-buy-expensive-to-insure-the-chinese-ev-reality
