Skoda Enyaq: running costs & insurance

Whatever you’re driving right now, the Enyaq is likely to be very affordable to run in comparison. It may be more expensive to buy than a petrol family car, but the Enyaq offers affordable insurance premiums and low tax bills – whether you’re looking at one as a private buyer or company-car driver. Skoda warranties are less competitive than they once were, but that should only concern those looking to keep their cars longer than three years or used buyers.

Skoda Enyaq insurance group

Insurance groups for the Enyaq are reasonable by electric-car standards. Most mainstream petrol family SUVs fall below group 30, and the same is true of the most versions of the electric Skoda. Entry-level Enyaq 60 versions sit in insurance group 23, while top dual-motor models hover around group 30. Finally, the range-topping, high-performance Enyaq vRS is insurance group 36, which is on par with its Volkswagen ID.4 GTX sister car and rivals like the Ford Mustang Mach-E and Kia EV6. 

It’s worth noting that insurance groups have not been announced for the latest models with increased power outputs – we’ll list them here as soon as they become available.

Warranty

Like all Skoda models, the Enyaq is guaranteed for three years or 60,000 miles, whichever comes first. It’s worth noting that Kia and Hyundai, as well as MG and some other manufacturers, offer warranties of up to seven years. The Toyota bZ4X even offers up to ten years of coverage, provided you get the car serviced at a main dealer. But every version of the Enyaq, like most new electric cars, comes with a separate eight-year/100,000-mile battery warranty, protecting the health of the battery for as long as most first owners will keep the car.

Servicing

The Enyaq will need servicing every two years or 18,750 miles, whichever comes first. That may seem like a long time to go without a check-up, but most electric vehicles require less maintenance due to the reduced complexity and fewer moving parts. Longer service intervals are normal in this area of the market and are just one more way electric car running costs are lower, consequently saving you a lot of money in the long run.

Road tax

All electric cars (including the Skoda Enyaq) are exempt from annual road tax, also known as vehicle excise duty (VED), until 2025. The same goes for the London Congestion Charge and the city’s Ultra-Low Emissions Zone (ULEZ). Company-car tax will be minimal, too, as the car falls into the 2% Benefit-in-Kind company-car tax band until at least April 2024.

Depreciation

According to the latest industry figures, the Skoda Enyaq will retain anything between 50-54% of its initial asking price over three years and 36,000 miles of ownership. These relatively strong residuals should help keep monthly finance payments low, although a Tesla Model Y should hold onto more of its value over the same period, costing you less in the long run.