In-depth reviews

MINI Electric costs, insurance, warranty & tax

The MINI Electric is one of the most affordable electric cars you can buy, despite its premium finish, and it also promises to be cheap to run

MINI Electric
Overall rating

3.5 out of 5

Running costs & insurance rating

4.0 out of 5

Price
£27,520 - £34,470
Fuel Type:
Electric
Insurance groupWarrantyService interval2021/22 company-car tax cost (20%/40%)
22-233yrs / unlimited milesVariableFrom £57 / £114

The MINI Electric is one of the most affordable pure-electric cars going. List prices start from under £25,000, which makes the cheapest 'Level 1' trim cheaper to buy than the equivalent petrol Cooper S – and it gets all of the same standard equipment, too. Not only that, but finance deals are very good, too; you can get a MINI Electric for under £300 per month with a circa £4,000 deposit, making it very competitive with the Honda e, Renault ZOE, Peugeot e-208 and Vauxhall Corsa-e.

While that lower driving range or less practical body may be deal-breakers for some, if those factors aren't an issue for you then the MINI is great value, especially for such a premium-feeling product. That's before you factor in savings on fuel, which will be significant given that the MINI will cost around £4 to fully charge on a domestic electricity tariff - or even less if you use off-peak tariffs.

MINI Electric insurance group

The MINI Electric, despite its lively performance and desirable badge, sits in groups 22 to 23, depending on specification. Unsurprisingly, the Level 1 and Level 2 cars sit in group 22, with the flagship Level 3 commanding a group 23 rating.

This is probably due to the relatively simple electric drivetrain; with fewer moving parts, there's less to go wrong, which can often result in more affordable insurance. Regardless, those numbers are quite low, especially when you consider a comparable petrol Cooper S is rated in group 28. Even the latest Renault ZOE, despite its less ‘premium’ badge, sits in groups 18-23.

Warranty

Like all new MINI and BMW models sold in the UK, the Electric has a three-year/unlimited-mileage manufacturer warranty. On top of this, MINI offers an extended battery warranty as standard; this guarantees the cells for eight years or 100,000 miles, whichever comes first. While not unusual, that’s competitive in this area of the market.

Servicing

MINI is offering a basic four-year service package for the Electric at £10 a month. As part of this, customers also benefit from “all the necessary fluid top-ups, one MoT, a wash and vac, plus seasonal health checks”. Buyers can bolster the package to cover servicing plus all four tyres (£20 a month), or servicing and brakes (pads and sensors, also £20 a month).

Should you want the full package, with all servicing, tyres and brakes included, MINI will charge you £30 per month – a theoretical saving of £10 per month. As the MINI Electric’s service plan is condition-based, it’s not possible to nail down service intervals. How often you need your car serviced will depend on myriad factors including your driving style and how many miles you do.

Road tax

As an electric car, the MINI Electric is currently exempt from vehicle excise duty (VED). It also sits in the very lowest company-car tax band, as the Benefit-in-Kind (BiK) tax rate for electric cars for 2021/22 is only 1%. Although it is worth noting that the rate will rise to 2% for 2022/23. Regardless, the MINI will continue to fall into the very lowest bracket. All this makes it an appealing option for private buyers and those running one as a company car.

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