UK Drivers Face Insurance Woes for Chinese EVs
UK drivers are struggling to find insurance for popular Chinese EVs like the Jaecoo 7. Discover why these vehicles come with higher costs and limited coverage options.
Limited Insurance Options for Chinese EVs
Research indicates that UK drivers purchasing Chinese electric vehicles (EVs) face significant hurdles when seeking insurance. While brands like BYD, XPeng, and Jaecoo are gaining popularity, many insurers are hesitant to cover these models, leading to limited options and higher costs.
For instance, a recent survey revealed that half of the insurance quotes requested for models such as the Jaecoo 7 and XPeng G6 were declined. When coverage is available, it often comes at a steep price, with the Jaecoo 7 averaging £1,103 annually—almost double the cost of insuring similar petrol vehicles.
- Key findings include:
- Axa declined quotes for all tested models.
- Hastings Direct only covered the BYD Seal U.
- Insurers are cautious due to insufficient repair data and parts supply chains for these newer vehicles.