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Why is the insurance so high? I thought the safety features made it more safe == less insurance?
by pm90 8y ago
Why is the insurance so high? I thought the safety features made it more safe == less insurance?
- zaroth 8y agoAnecdotally, my Tesla 3 costs the same to insure as my 2006 G35. Just looked it up it’s $899 for the G35 and $913 per year for the Tesla. It helps to not have had an accident or a ticket in over 10 years.
- KingPrad 8y agoSame here - my insurance stayed exactly the same going from a 2010 Nissan Altima to a new Tesla Model 3.
- Scoundreller 8y agoCost to repair and near absolute unavailability of non-OEM spare parts doesn't help.
- ryanmercer 8y agoIt also seems like even moderate damage, which would NOT be a write off on an ICE vehicle, results in them totaling it because Tesla refuses to work on anything with even relatively insignificant damage (and they won't touch anything that has a salvage title, so never buy a used Tesla with a salvage title. Ever.).
- hadlock 8y agoA small part of it is the aluminum body panels, I think. Aluminum body panels can be repaired, similar to steel, but requires additional training/different tools. The Model S and X are majority Aluminum, whereas the Model 3 is mostly steel with a rear aluminum subframe. Basically if you get in a fender bender you need to go to a specialty aluminum body shop, which don't exist in high quantities outside of south bay.