Jaguar I-Pace review: running costs & insurance
The Jaguar I-Pace is expensive to buy, but there are still some savings to be had in terms of running costs
|Annual company-car tax cost (20%/40%)
A common misconception is that running an electric car will save you a small fortune, and while some costs are drastically lower than a petrol or diesel equivalent, there are still plenty of expenses to factor in. For starters, the Jaguar I-Pace is an inescapably expensive car for private buyers, although company car drivers can offset this cost thanks to all electric cars sitting in the lowest 2% Benefit in-Kind (BiK) tax bracket.
It’s also worth mentioning that charging the I-Pace’s huge 90kWh battery won’t exactly be cheap, either. Plugging in at home should be less expensive than filling up a gas-guzzling SUV with petrol – especially if you’re signed-up to a specific EV energy tariff – but making use of a public rapid charger can be just as, or even more expensive.
Jaguar I-Pace insurance group
The I-Pace is rated in groups 49 and 50 – the latter the same as the Tesla Model X and the highest possible insurance group, so be sure to get a quote before buying the car.
An eight-year/100,000-mile warranty applies to the I-Pace’s battery, while Jaguar’s standard three-year/unlimited-mileage warranty covers every other aspect of the car. This can’t match the seven years of cover offered for the Kia EV6, but is still average for a premium car warranty.
Electric motors have vastly fewer moving parts than petrol or diesel engines – we’re talking thousands fewer – so they don’t need maintenance as regularly. This is why the I-Pace only needs servicing every two years or 21,000 miles, but it’s not cheap despite the long intervals; a one-off up-front payment of around £1,000 will cover servicing for the first three years, or you can spread the cost into monthly instalments.
Historically, Jags have not fared all too well compared with German rivals when it comes to depreciation, and expensive electric cars don't tend to hold onto their values very well either – not exactly a good precedent for the I-Pace.
Saying that, the latest industry data suggests the Jaguar I-Pace will retain anything between 46-48% of its value over three years and 36,000 miles of ownership. In comparison, a non-M-badged BMW iX will hold onto roughly 49-56% of its asking price over the same period.
In This Review
- 1VerdictThe Jaguar I-Pace remains a solid choice if you’re after an electric SUV that’s as luxurious as it is fun to drive – though rivals now offer more range and faster charging
- 2Range, battery & chargingMore modern rivals beat the Jaguar I-Pace for both range and fast charging speeds
- 3Running costs & insurance - currently readingThe Jaguar I-Pace is expensive to buy, but there are still some savings to be had in terms of running costs
- 4Electric motor, drive & performanceThe Jaguar I-Pace is still one of the best-handling electric SUVs you can buy, with sharp steering and punchy acceleration
- 5Interior, dashboard & comfortThe I-Pace's interior is smart and modern, but there are more intuitive infotainment systems
- 6Boot space, seating & practicalityThe Jaguar I-Pace’s boot is a good size and has dedicated cable storage, and there’s plenty of space for rear passengers
- 7Reliability & safety ratingGiven the general reliability of electric motors, the Jaguar I-Pace should be the most dependable car in carmaker's range