03-20-2023, 03:39 PM | #1 |
Solving problems
Join Date: Oct 2003
Carmudgeonly Ride: M5 / 718 GTS / Cooper S / GTI / LR4
Location: Metro Boston
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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? |
03-20-2023, 06:31 PM | #2 |
195
Join Date: Oct 2003
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The premium on my Model 3 is substantially lower than the premium on the BMW.
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03-20-2023, 07:43 PM | #3 |
Relic
Join Date: Oct 2003
Location: Bethesda, MD
Posts: 12,438
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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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03-20-2023, 08:42 PM | #4 |
Solving problems
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03-20-2023, 09:07 PM | #5 |
dogged
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03-25-2023, 10:14 AM | #6 |
Jaded
Join Date: Oct 2003
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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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03-26-2023, 12:57 PM | #7 |
Relic
Join Date: Oct 2003
Carmudgeonly Ride: A very fast golf cart
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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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