As Polestar continues to grow in the UK market, new and prospective owners need to understand the options around Polestar electric car insurance.
Finding the best electric car insurance for your Polestar insurance can be complex as some insurers are still getting to grips with the technology that powers these vehicles. In this comprehensive guide to Polestar insurance, we explore the various aspects of insuring your Polestar in the UK, from exploring the models available to dissecting the types of insurance coverage that suit the needs of Polestar.
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What Polestars Can You Buy in The UK
Polestar, the electric performance car brand from Sweden, has been making waves in the UK with its exclusive range of electric cars. Polestar is known for its sleek Scando design and high performance.
The Polestar 1 is their first venture into the electric market. This plug-in hybrid grand tourer coupe combines electric power with a traditional engine.
The Polestar 2 is the company’s first all-electric vehicle. This five-door fastback features a minimalist design, an infotainment system powered by Google’s Android OS, and impressive driving dynamics that challenge even the most established EVs on the market. It’s a classic in the UK EV market, a popular model to lease or take on a salary sacrifice.
New for 2024, the Polestar 3 is an all-electric SUV. It’s poised to offer a blend of luxury, space, and the brand’s signature electrifying performance. The Polestar 3 raises the bar for electric SUVs in terms of design and technology.
What Types of Polestar Car Insurance Cover are there?
Choosing the right insurance for your Polestar is crucial to make sure you get the right protection and peace of mind. In the UK, there are generally three types of electric car insurance cover available:
Third Party Polestar Car Insurance
This is the most basic form of electric car insurance and is the minimum legal requirement in the UK. It covers damages to other people’s property and injury to other people in an accident that you’re liable for. However, it does not cover any damage to your own Polestar, nor does it cover your car if it’s stolen or damaged by fire.
Third Party, Fire and Theft Polestar Car Insurance
This type of insurance offers the same level of cover as Third Party insurance but with added protection. In addition to covering third-party liabilities, it also covers your Polestar in cases of theft or damage due to fire. This can be a more balanced option for those who want additional protection without the full cost of comprehensive cover.
Fully Comprehensive Polestar Car Insurance
Fully comprehensive insurance offers the highest level of cover. It includes all the benefits of third party, fire, and theft insurance, and also covers damages to your own vehicle, even if you are at fault in an accident.
This type of insurance often comes with additional benefits, such as coverage for personal injuries, windscreen damage, and sometimes even electric car breakdown cover. For a high-value vehicle like a Polestar, fully comprehensive insurance is often recommended to provide complete protection.
The type of insurance you choose for your Polestar should reflect not just your budget, but also your driving habits, the model of your car, and your individual circumstances. Each level of cover has its own merits, and understanding these will guide you in selecting the most appropriate policy for your Polestar.
What Insurance Group are Polestar in?
Polestar models in the UK fall into a range of electric car insurance groups, primarily depending on their specifications and trim levels.
The Standard Range models generally are in the group range of 34-40, with specific variants such as the Standard Range Single motor and Standard Range SM ‘Pilot/Plus’ falling into groups 34 and 35.
The Long Range models are typically in higher insurance groups, ranging from 35 to 45. The Long Range Single motor variants are placed in groups 35-41, while the more powerful Long Range Dual motor versions, including those with additional features like the ‘Performance’ package, are found in the highest groups, 42-45.
The Best Polestar Car Insurance
When it comes to insuring your Polestar, selecting the best policy isn’t just about finding the lowest price; it’s about ensuring that you have insurance cover that fully meets your specific needs. The best Polestar car insurance should ideally include the following:
- Comprehensive Coverage
For high-value vehicles like the Polestar you need protection from damage to your own car, regardless of who is at fault in an accident, as well as damage from non-collision incidents like theft and vandalism.
- Breakdown Cover
Including breakdown cover in your policy can be invaluable. It ensures that you receive immediate assistance if your Polestar breaks down, minimising inconvenience and potential safety issues.
- Electric Vehicle-Specific Features
Look for policies that offer cover specific to electric vehicles, such as battery cover. Since the battery is a crucial and expensive component of your Polestar, ensuring it’s specifically covered is important.
- Electric Courtesy Car Provision
In case of repairs or following an accident, having an electric courtesy car provision in your policy ensures that your daily life is not disrupted.
- Legal Expenses Cover
This can be beneficial in recovering costs such as uninsured losses or legal expenses following an accident.
- Personal Accident Cover
This provides additional protection for the driver and passengers in case of serious injury or death as a result of a car accident.
- No Claims Discount Protection
For drivers with a good driving record, protecting your no-claims discount can be a wise option to prevent your premiums from increasing after a claim.
- Windscreen Cover
Given the cost of replacing or repairing advanced windscreens, including sensors and cameras, this cover is particularly relevant for high-tech vehicles like the Polestar.
The best insurance policy for your Polestar will depend on your circumstances, including how you use your car, where you live, and your driving history. It’s always advisable to compare different policies to find the cover that best fits your specific needs.
Polestar Car Insurance Cost
The cost of Polestar insurance in the UK varies based on several factors, including the model of the car, its insurance group, and the age of the driver. To provide a clearer picture, we will use rates based on the average cost of cover for cars in specific insurance groups, for drivers of different ages, which, according to Quotezone research, represents an average for insurance rates in the UK.
Polestar 2 165kW 63kWh Standard Range Single Motor 5dr Auto (Group 34)
The average annual insurance cost for this model ranges from £638 for older drivers to £1,554 for younger drivers.
Polestar 2 165kW 63kWh Standard Range SM [Pilot/Plus] 5dr Auto (Group 35)
Slightly higher than the standard Polestar model, the insurance cost ranges from around £643 to £1,569.
Polestar 2 170kW 78kWh Long Range Single Motor 5dr Auto (Group 35)
Similar to the above model, the insurance costs range between £643 and £1,569.
Polestar 2 170kW 78kWh Long Range SM [Pilot/Plus] 5dr Auto (Group 36)
This model sees a slight increase in insurance costs, ranging from £653 to £1,593.
Polestar 2 300kW 78kWh Long Range Dual Motor 5dr 4WD Auto (Group 42)
As a higher-performance model, this variant has higher insurance costs, ranging from £751 for the most experienced drivers to £1,830 for younger drivers.
These figures indicate a trend where costs are higher for younger drivers looking for EV insurance, and they decrease as the age of Polestar owners increases.
The insurance group of the vehicle also plays a significant role, with higher-performance models (like the 300 kW variants) falling into higher insurance groups and thus attracting higher premiums.
Why Is Polestar Car Insurance So Expensive?
Polestar car insurance can be expensive. Let’s have a look at the reasons why Polestar is so expensive:
- Luxury and Performance
Polestar vehicles are positioned as premium electric cars, offering high performance and luxury features. Insurance costs tend to be higher for luxury vehicles because they are more expensive to repair or replace, and their performance capabilities can increase the risk of accidents.
- Cost of Repairs
Electric vehicles, including Polestars, often require specialised parts and services for repairs, which can be more expensive than traditional combustion engine vehicles. The cost of replacing or repairing advanced technology, such as electric motors, contributes to higher insurance premiums.
- Battery Replacement Costs
The battery is one of the most expensive components in an electric vehicle. Once you are out of your battery warranty period, the cost of replacing it can be significant, influencing the overall insurance cost.
- Advanced Technology
Polestar cars are equipped with cutting-edge technology, including advanced driver-assistance systems (ADAS) and high-tech infotainment systems. Repairing or replacing these technologically advanced components can be costly.
- Insurance Group
Polestar models typically fall into higher insurance groups due to their value, performance, and repair costs. Vehicles in higher insurance groups are more expensive to insure.
- Limited Driving Data
As a relatively new entrant in the electric vehicle market, there may be less historical data available for insurance companies to assess the risk profile of Polestar vehicles accurately. This lack of data can lead to insurers erring on the side of caution with higher premiums.
How to Get Cheaper Polestar Car Insurance
Here are our top tips for getting cheap insurance for a Polestar. These tips work for any high-value electric cars you are looking to insure, such as Tesla insurance or BMW electric insurance.
- Shop Around and Compare Quotes
Don’t settle for the first quote you receive. Use online comparison tools to get quotes from multiple insurers. Prices can vary significantly between providers, so shopping around is key.
- Increase Your Excess
Opting for a higher voluntary excess can reduce your premium. However, ensure that the excess is affordable, as you will need to pay this amount in the event of a claim.
- Take Advantage of Discounts
Look for discounts that you may be eligible for. This can include multi-car discounts, low mileage discounts, or discounts for having a safe driving record.
- Limit Modifications
Avoid non-essential modifications to your Polestar. Polestar modifications look fun but can increase repair costs and can make the vehicle more attractive to thieves, both of which can raise insurance premiums.
- Consider a Black Box Policy
Telematics-based EV insurance policies, where a ‘black box’ monitors your driving style, can give cheaper EV insurance if you are a safe driver. This is particularly useful for younger drivers who face higher premiums.
- Pay Annually Instead of Monthly
If possible, pay for your insurance in one annual lump sum rather than monthly instalments, as insurers often charge extra for the convenience of spreading payments.
Polestar Safty Features
Polestars are equipped with a suite of advanced safety features designed to protect passengers, pedestrians, and cyclists alike, while also ensuring the vehicle’s integrity in various driving scenarios. Let’s look at some of Polestar’s key safety features:
Housed in the front seats, these airbags individually protect each front occupant from both sides, offering enhanced protection in the event of a side collision.
Advanced Driver Assistance System (ADAS)
The Polestar 2 is equipped with the latest version of ADAS technology, capable of interpreting and analysing its surroundings to provide support when necessary. This includes features like Pilot Assist, which offers acceleration, braking, and steering assistance up to 130 km/h, enhancing driver safety and convenience.
Autonomous Emergency Braking (AEB)
The vehicle is equipped with detection systems for other vehicles, pedestrians, and cyclists, utilising steering assistance and AEB. This system helps prevent or mitigate collisions, making interactions between the Polestar 2 and its environment safer.
Front Lower Load Path
This section of the car is specifically designed to absorb energy in frontal crashes, akin to how an engine would in a combustion engine car. This feature helps reduce the risk of battery pack deformation and protects passengers.
Pixel LED Headlights
Featuring 84 individually controlled pixel LEDs, the Polestar 2’s headlights automatically adjust to shade out approaching vehicles. This maximizes visibility and provides optimal illumination in all conditions, significantly enhancing night-time safety.
The Polestar 2’s battery is encased in an aluminium and steel structure, offering protection and rigidity. This design not only improves handling but also minimizes noise, vibration, and harshness. In the event of a collision, the high-voltage system automatically disconnects, and the inclusion of the SPOC block reduces the chance of objects penetrating the cabin and reaching the battery in a partial offset collision.
Acoustic Vehicle Alert System (AVAS)
The sounds produced by the Polestar 2 are designed to be recognisable, subtle, and non-intrusive. The AVAS aims to increase safety for pedestrians and cyclists by creating a distinctive yet natural sound that alerts them to the car’s presence.
The Final Word on Polestar Car Insurance
Getting car insurance for a Polestar in the UK requires an understanding of the different models available and their respective insurance groups, the types of coverage and the factors influencing insurance costs.
Polestar cars, with their blend of luxury, performance, and advanced technology, fall into higher insurance groups, which often translates into higher premiums.
However, their state-of-the-art safety features, from the advanced ADAS to the innovative battery safety measures, play a role in mitigating these costs. These features not only enhance the overall safety of the electric car but also positively influence insurance premiums by reducing the risk of accidents and damages.
For Polestar owners or potential buyers, understanding these nuances is key to finding the right insurance. It’s about balancing the cost with the level of coverage that meets your needs. It’s a good idea to shop around for quotes, increase excess where you can, and take advantage of available discounts to secure more affordable insurance.
This article is intended solely for informational purposes and should not be considered as advice. It is important to consult the specific terms and conditions of an insurer before making any commitments to financial products.
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John is the Editor and Spokesperson for Electric Car Guide.
With over 20 years of writing experience, he has written for titles such as City AM, FE News and NerdWallet.com, covering various automotive and personal finance topics.
John’s market commentary has been covered by the likes of The Express, The Independent, Yahoo Finance and The Evening Standard.