‘The quotes were £5,000 or more’: electric vehicle owners face soaring insurance costs

Submitted ⁨⁨1⁩ ⁨year⁩ ago⁩ by ⁨HeartyBeast@kbin.social⁩ to ⁨unitedkingdom@feddit.uk⁩

https://www.theguardian.com/money/2023/sep/30/the-quotes-were-5000-or-more-electric-vehicle-owners-face-soaring-insurance-costs

Drivers who ditched petrol and diesel to help save the planet face huge price rises in premiums

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shasta@lemm.ee ⁨1⁩ ⁨year⁩ ago
TLDR: don’t get a Tesla. Get literally any other EV if you want an EV.

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- Brickhead92@lemmy.world ⁨1⁩ ⁨year⁩ ago
  This was us a couple years ago. Budgeted for a Tesla as a 2nd vehicle, did a test drive, looked into things like insurance and servicing more closely and noped out of it. At the time it was about $3200 a year to insure a Model 3.
  
  Instead of getting a single car, I got a Hyundai EV, and we traded in the old Toyota Hybrid as well and got a plug-in hybrid for less than the Tesla would have cost us. Plus insurance for both is about $1000 less than the Tesla alone. The math didn’t make sense.
  
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  - HeartyBeast@kbin.social ⁨1⁩ ⁨year⁩ ago
    It’s interesting. My next car will be electric, hopefully. It’s never even occurred to me until now that the insurance would be hugely different
    
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bernieecclestoned@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

Analysts say claims costs are 25% higher for electric cars, and that they also take about 14% longer

Why?

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- ChaoticEntropy@feddit.uk ⁨1⁩ ⁨year⁩ ago
  Car batteries are huge, irreparable, and expensive.
  
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  - jabjoe@feddit.uk ⁨1⁩ ⁨year⁩ ago
    Sealed and proprietary is a problem with anything, and I hate it, but I don’t think the battery is normally the problem. They out last the rest of the car from what I’m seeing. There are people are using them for second life stuff.
    
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  - tal@kbin.social ⁨1⁩ ⁨year⁩ ago
    
    EV batteries are huge, hard to repair, and expensive.
    
    Seems like one could make multiple smaller batteries.
    
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- HeartyBeast@kbin.social ⁨1⁩ ⁨year⁩ ago
  It’s sorted of covered in the article. Partly batteries and new tech. Partly a lack of garages with the experience and knowledge to work on EVs
  
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- marsokod@lemmy.world ⁨1⁩ ⁨year⁩ ago
  I would be tempted to say that with EV cars still being biased for the higher quality cars, and with Tesla still having a majority of the market, this should push the average cost of repair. Not sure when Tesla will fix their repair chain issues.
  
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