How much does it cost to insure a BYD or MG EV in the UK?
Updated 2026-05-186 min read
Insurance is the running cost most commonly cited as a downside of Chinese EVs. Here's what to actually expect.
02
How to reduce cost
Choose insurers with EV specialisms: LV=, NFU Mutual, Direct Line, Admiral.
Fit a Thatcham-approved tracker; several BYD and MG models qualify for a discount.
Use approved bodyshops — some insurers require this to keep premium at renewal.
Key takeaways
- 0110–20% more than equivalent ICE, converging over time.
- 02Bodyshop coverage is improving each year.
- 03Get multiple quotes — specialists often beat mainstream.
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