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Routine maintenance on EVs does tend to be less, but non-routine damage tends to be much more expensive. That leads to insurance being 40% higher than comparabl
by anthonygd 5y ago
Routine maintenance on EVs does tend to be less, but non-routine damage tends to be much more expensive. That leads to insurance being 40% higher than comparably priced ICE cars. Essentially the median cost is a little lower but the mean cost is much higher.
Here's a interesting Tesla specific take: https://www.nerdwallet.com/article/insurance/tesla-insurance https://www.nerdwallet.com/article/insurance/tesla-insurance
Personally I prefer predictable slightly high costs vs random potential for exorbitantly high costs.
- nickik 5y agoBecause ICE is being faces out your care is gone lose value so much faster. I don't think the insurance will normalize.