Who is Polestar?
Polestar is a Swedish electric car manufacturer renowned for its high-performance, sustainable vehicles. Originally a performance arm of Volvo, Polestar became an independent brand focused on creating electric cars that blend luxury, technology, and design.
The Polestar 1, a hybrid performance car, gained attention for its sleek design and advanced technology, while the all-electric Polestar 2 has made waves with its impressive range, minimalist interior, and cutting-edge features. Polestar’s commitment to sustainability is reflected in its carbon-neutral production processes, making it a leader in the electric vehicle industry.
How Much Does a Polestar Cost to Insure?
How much you might pay to insure your Polestar depends on a range of factors used by insurance companies to assess your level of risk. Every driver and their circumstances are different, which means that their quote will be tailored to their specific needs. Factors including your insurance group, your no-claims bonus and your driving history will all play a part in determining your insurance premiums. To offer a glimpse of the costs, we've calculated the average insurance premiums that drivers might pay to insure the most popular Polestar models.
| Model | Average Annual Insurance Cost |
|---|---|
| Polestar 2 | £1,092 |
| Polestar 3 | £1,349 |
| Polestar 4 | £1,059 |
How Can I Get Cheaper Polestar Insurance?
Getting cheaper insurance for your Polestar doesn't have to be complicated. Here are our top suggestions for keeping your premiums down.
- Compare: Comparing as many quotes as possible is always an effective way to keep your insurance premiums down. Insurers often provide deals to new customers so it's always worth seeing if you can switch!
- Try telematics: A telematics or black box policy will inform your insurance company of your driving habits. The black box installed in your vehicle will record data based on your driving, such as your speed and the time of day you drive. The safer you drive, the lower your premiums will be.
- Park safely: If you can park overnight in a secure garage or on your driveway, then you can save money on your car insurance. This is due to the reduced risk of theft or damage to your vehicle compared to those who park on the street.
- Pay upfront: Paying for your policy in full means you could make a saving. Drivers who pay monthly will incur additional costs as well as interest on their payments. You can avoid this by paying annually.
- Be wary of policy extras: Policy extras such as breakdown cover or personal injury cover will always increase the price of your premiums. You can keep your Polestar insurance down by opting out of these add-ons.
What Factors Influence the Cost of Polestar Insurance?
The factors that will influence your Polestar insurance premiums include:
- Level of cover: The type of policy and cover you need will impact how much you pay. Policies that offer more cover such as fully comprehensive, will usually pay more than a more basic policy, such as third-party cover.
- Your insurance group: The cost of your Polestar insurance also depends on the insurance group of your model. Cars are classed from 1-50, and the higher the group the higher the premiums. For instance, the Polestar 2 Standard Range Single Motor, is in insurance group 34 and may be cheaper to insure than the Polestar 2 Long Range Dual Motor 5dr which is in group 42.
- Annual mileage: Your annual mileage determines how much of a risk you are. The higher the number of miles you drive each year the higher the risk of you being in an accident or making an insurance claim.
- Your driving record: Points on your licence, previous accidents, or driving violations will always be taken into account when calculating your premiums. Drivers with a clean record typically pay less.
- No claims: Drivers who have accumulated several years of no claims can expect lower premiums than a driver who has previously made a claim. The longer you can go without a claim the better for your premiums.
- Your job: Insurance providers classify certain occupations as higher-risk than others. Jobs like construction worker, pub landlord, and police officer typically attract higher premiums compared to roles such as civil servants, secretaries, and teachers.