Motorists taking out a new policy in the coming months have been warned they could see premiums hit a staggering four-figure sum amid the Cost of Living crisis
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“Until then, drivers going green must compare insurance premiums carefully if they are going to make the most of the potentially overall lower running costs these vehicles offer.”
Compare the Market confirmed vehicles are often found in higher car insurance groups which usually mean higher costs.
The electric-powered Nissan Leafs can be found in groups 20-35 compared to an almost identical Ford Focus which is in group 14.
Data form the group found drivers could pay over £500 per year to insure a Hyundai Ioniq Hybrid Premium model.
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Car insurance costs could be over £700 per annum for a Smart ForFour Passion with charges rising to over £1,250 for a Tesla Model 3.
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