Fairer EV insurance for salary sacrifice drivers

We’ve partnered with Admiral Pioneer to launch fairer EV insurance for salary sacrifice drivers, priced around their circumstances.

Traditionally, salary sacrifice schemes take a more generic view of drivers. We believe insurance should better reflect the individual, including personal driving history and risk profile. Under our new approach, each driver’s insurance is priced individually.

And for most people, that will mean cheaper insurance too. Octopus EV estimates that when the offering launches in spring, more than 3 in 4 new salary sacrifice drivers will benefit from lower insurance costs, with an average driver saving close to £550*. 

Drivers can also carry over their existing no claims bonus from previous policies, helping reduce premiums even further** - a rare and welcome win for consumers moving into a new car scheme. You’ve earned that discount - it’s only right you get to keep it.

Your insurance is still included into your single monthly payment, so you still get the "everything in one place" experience you love. Where insurance costs are lower, this could leave more of your salary available or give you greater flexibility when choosing your next electric vehicle.

* Based on 21 examples where 76% of drivers saw monthly savings, averaging at £547.20 a year. Savings are not guaranteed and will vary depending on individual circumstances

** Subject to insurer eligibility checks.