Jaguar I-Pace running costs, insurance, warranty & tax
The Jaguar I-Pace is expensive to buy, but still very competitive with its rivals on purchase and running costs
| Insurance group | Warranty | Service interval | Annual company-car tax cost (20%/40%) |
|---|---|---|---|
| 49-50 | 3yrs/unlimited miles | 2yrs/21,000 miles | From £262/£525 |
Running an electric car isn’t free. Having a home charging point installed will cost close to £1,000 for a start. But once you're up and running, the I-Pace has a smart-charging function that means home charging can be scheduled to coincide with when electricity is cheapest on your tariff.
It's reasonable to expect the I-Pace to much less than what it would to fuel an equivalent performance diesel SUV, even if you use public rapid chargers regularly. Zero CO2 emissions mean the I-Pace is in the lowest (2%) Benefit-in-Kind bracket for company-car tax for the next few financial years at least.
However, you need a generous employer to offer the I-Pace on a company-car scheme, since leasing and purchase costs are very high. This is still a £65,000 car, so it'll be mostly directors and company owners who benefit from the BiK savings. If you regularly drive in central London, you won’t have to pay the Congestion Charge until 2025.
Jaguar I-Pace insurance group
The only sting in the tail is the high cost of insurance. 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.
Warranty
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.
Servicing
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.
Road tax
As with all electric cars, you don’t pay road tax (VED) on an I-Pace at the moment thanks to its zero-emissions status.
