UK drivers struggle to get insurance for Chinese EVs such as Jaecoo
Summary
UK drivers who buy Chinese electric and hybrid cars often find it harder to get car insurance compared to those with vehicles from Europe, the US, or South Korea. When insurance is available, it usually costs more, sometimes nearly double the price of similar petrol cars from other countries.Key Facts
- UK insurers are more reluctant to cover some Chinese hybrid and electric vehicles (EVs).
- Insurance for Chinese EVs like Jaecoo 7, XPeng G6, and BYD Seal U can cost significantly more than for petrol cars.
- The Jaecoo 7 was the UK’s bestselling new car in March 2024.
- Carwow’s survey found that about half of insurance quote requests for Chinese EVs were declined by insurers.
- Only a few insurers, such as Aviva and Admiral, provided coverage for these Chinese models.
- The average insurance cost for Chinese EVs was about £901 per year, compared to £646 for similar petrol models.
- Insurers say limited repair data and parts supply for new Chinese cars make them cautious.
- UK car sales rose in April 2024, with larger increases for Chinese brands like BYD and Jaecoo.
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