EVs cost more to insure vs ICE cars

[Laconian]

https://www.greencarreports.com/news/1139493_evs-still-cost-much-more-than-gas-cars-to-insure-even-hybrids?taid=644a9bb1b4eebc0001aa8d02&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter

Definitely something to factor in when weighing in the fuel savings.

[SJ_GTI]

How did the insurance rate change you when you got your EV? Go up a lot?

[Morris Minor]

If I were to insure a Model Y LR, it would be 3X the cost of insuring my G37. That was USAA btw, who are reputedly pretty competitive. 

[GoCougs]

Something else must be going on. Most of the cost to insure a vehicle is liability, which = lawsuits and medical costs which are orders (and orders (and orders)) of magnitude more expensive than repairing or replacing a vehicle. Do EVs cause more damage (to people) in a crash? Do EVs crash more?

[CaminoRacer]

Our Bolt is about the same as anything else. A bit more than the Miata, but I think NDs are still new enough that they are mainly driven by older people. Teens can't afford them yet like the older Miatas

[AutobahnSHO]

Must be:
-garage fires
-self driving into fire trucks
-immediate speed leads to reckless driving

[Morris Minor]

I'm guessing there are a lot of insurance company-preferred body shops that won't even touch EVs. All those sensors and high voltage electrics...

It's not like the ancient times when you just banged stuff with a hammer & slapped on a bit of Bondo.

[AutobahnSHO]

or bricks....

https://www.youtube.com/watch?v=3Hip60FA6j8

[MrH]

Our Bolt is about the same as anything else. A bit more than the Miata, but I think NDs are still new enough that they are mainly driven by older people. Teens can't afford them yet like the older Miatas

Yeah, the Bolt was +/- a few bucks from the Outback.  No huge changes.

Kind of surprised by that.  They're very easy to total.  If anything damages the battery pack, they're pretty much done.

[ChrisV]

One of the big problems is Teslas have a lack of replacement body parts, and with the gigacasting, you don't simply bolt on hew bits or weld in new sections. So it's going to be costly to fix anything.

As to fires, insurance companies know the risk of fires is GREATLY reduced with EVs vs hybrids or gas powered cars. https://www.autoinsuranceez.com/gas-vs-electric-car-fires/


And they are getting easier to put out now that new inexpensive firefighting tech is coming out.

https://www.li-fire.com/

https://fireisolator.com/#what-is-fire-isolator

[MrH]

One of the big problems is Teslas have a lack of replacement body parts, and with the gigacasting, you don't simply bolt on hew bits or weld in new sections. So it's going to be costly to fix anything.

As to fires, insurance companies know the risk of fires is GREATLY reduced with EVs vs hybrids or gas powered cars. https://www.autoinsuranceez.com/gas-vs-electric-car-fires/


And they are getting easier to put out now that new inexpensive firefighting tech is coming out.

https://www.li-fire.com/

https://fireisolator.com/#what-is-fire-isolator

This article has been debunked.  They don't cite their sources and what they're presenting doesn't make directional sense.  The numbers are absurdly high, and then they quote number of vehicles recalled, which isn't relevant to the actual risk of fire.  Whole thing is a mess from top to bottom.


https://www.caranddriver.com/news/a40163966/cars-catching-fire-new-york-times-real-statistics/

[r0tor]

Something else must be going on. Most of the cost to insure a vehicle is liability, which = lawsuits and medical costs which are orders (and orders (and orders)) of magnitude more expensive than repairing or replacing a vehicle. Do EVs cause more damage (to people) in a crash? Do EVs crash more?

Well higher weight + faster acceleration probably does lead to more and bigger accidents over the long run.

[ChrisV]

This article has been debunked.  They don't cite their sources

They say it's NTSB numbers and Bureau of Transportational Statistics. Is that not citing sources?

But yeah, using recall notices is an issue, though usually those recalls are for a number of actual fires so you might conclude that you're more likely to have a fire in a car that has an active fire recall than one that doesn't.

The other stats they don't use, and people often forget when citing EV fires, is that there are 200,000 gas car fires every year in the US, most spontaneously. And just like the Bolt recall, there are almost 30 recalls for gas cars that have park outside orders due to the risk of fire when parked and shut off.

[MrH]

They say it's NTSB numbers and Bureau of Transportational Statistics. Is that not citing sources?

But yeah, using recall notices is an issue, though usually those recalls are for a number of actual fires so you might conclude that you're more likely to have a fire in a car that has an active fire recall than one that doesn't.

The other stats they don't use, and people often forget when citing EV fires, is that there are 200,000 gas car fires every year in the US, most spontaneously. And just like the Bolt recall, there are almost 30 recalls for gas cars that have park outside orders due to the risk of fire when parked and shut off.

They didn't cite their sources correctly at all. They misinterpreted tons of data. Read the Car and Driver link. Here is someone who pieced together what they did, which is factually wrong in multiple ways.

200k gas fires isn't correct!

https://reddit.com/r/RealTesla/s/4Ls4ChaaWd

[AutobahnSHO]

Yeah ICE vs hybrid vs EV the hybrids are the worst followed by EV then ICE

-As far as spontaneous "burn the house down".

In collisions, EV and Hy are still worse. The ICErs have been engineered and improved for a long long time.

[MrH]

Yeah ICE vs hybrid vs EV the hybrids are the worst followed by EV then ICE

-As far as spontaneous "burn the house down".

In collisions, EV and Hy are still worse. The ICErs have been engineered and improved for a long long time.

Where are you getting this information...?