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Old 03-20-2023, 03:39 PM   #1
FC
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Could EV insurance rates get even higher?

I ran into this:

Scratched EV battery? Your insurer may have to junk the whole car

and considering I will be paying less to insure the BGTS than I used to for the eGolf 5 years ago, this could get pretty ugly. It has vibes of what I read about Elises back in 2005, when insurers started realizing that any damage required a new whole front end fiberglass shell and rates shot up.

How bad are Tesla rates?
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Old 03-20-2023, 06:31 PM   #2
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The premium on my Model 3 is substantially lower than the premium on the BMW.
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Old 03-20-2023, 07:43 PM   #3
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I think that the actual risk of battery replacement isn’t that high. Also, there are plenty of non-Tesla vehicles with super expensive parts. Look at the stupidly expensive LED assemblies on most cars now.
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Old 03-20-2023, 08:42 PM   #4
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Quote:
Originally Posted by JST View Post
The premium on my Model 3 is substantially lower than the premium on the BMW.
Interesting. That's not too bad, then.
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Old 03-20-2023, 09:07 PM   #5
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Quote:
Originally Posted by Nick M3 View Post
I think that the actual risk of battery replacement isnít that high. Also, there are plenty of non-Tesla vehicles with super expensive parts. Look at the stupidly expensive LED assemblies on most cars now.
Yep.
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Old 03-25-2023, 10:14 AM   #6
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The Rivian was the highest new vehicle premium I have ever had on my USAA policy. Fortunately, I only on that thing for two months.
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Old 03-26-2023, 12:57 PM   #7
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Just another data point... We have 2 Teslas on our insurance and no ICEs... The premiums are similar for both and I consider reasonable. It really hasn't gone up significantly lately...
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