UK insurers reluctant to cover Chinese EVs, research finds
UK insurers are more hesitant to cover some Chinese hybrid and electric vehicles (EVs), including models like the Jaecoo 7, than equivalent petrol cars or EVs from Europe, the US and South Korea, according to research. Some drivers may face higher premiums or limited insurance options when buying Chinese-made cars. The findings highlight growing challenges for Chinese automakers expanding into the UK market.
UK insurers are more reluctant to provide cover for certain Chinese hybrid and electric vehicles (EVs) than for equivalent petrol cars or models from Europe, the US and South Korea, according to research.
The findings indicate that some Chinese models are not offered insurance at all by certain firms, or attract higher premiums than comparable petrol vehicles. Drivers purchasing Chinese-made cars may therefore face more limited insurance options than those buying electric, hybrid or petrol cars from other major manufacturing regions.
The Jaecoo 7, a Chinese hybrid SUV sometimes referred to as the 'Temu Range Rover', was cited as an example of a Chinese EV facing insurance challenges. The research did not name the specific insurers involved or provide premium comparisons.
The findings underscore the obstacles Chinese automakers encounter as they seek to expand their presence in the UK market, where consumer interest in lower-cost EVs has grown.