5 ms·

Their trucks are expensive, but to be clear, the other driver’s insurance paid for it. > The $42,000 repair cost, along with Apfelstadt's rental car cost, was

Their trucks are expensive, but to be clear, the other driver’s insurance paid for it. > The $42,000 repair cost, along with Apfelstadt's rental car cost, was very close to maxing out the other driver's $50,000 insurance payout limit.

pseudo0 3y ago
In this case, sure, but unless Rivian drivers are unusually careful they will end up being at fault around 50% of the time. And their insurance companies will adjust their rates to account for $42,000 fender benders.
- ahahahahah 3y ago
  Rivian drivers are almost certainly unusually careful by that understanding. Just like any other owner of a car with price significantly higher than average. Hell, just the fact that they own a recent model car means they are safer than average.
  - giraffe_lady 3y ago
    How?
    - pseudo0 3y ago
      Most under-25s probably aren't buying a $80k car as a starter vehicle, for example. And that group is very overrepresented in accidents. I doubt an average middle-aged Rivian driver is much different from an average middle-aged Toyota driver though.
stu2010 3y ago
Many states still only require $15,000 of liability coverage to drive, so there's going to be a lot more uninsured / underinsured motorist claims in the future. The Rivian owners insurance will frequently end up paying out, via that underinsured motorist coverage.
- smileysteve 3y ago
  To detail, though the Rivian driver has under insured insurance, the at fault party is still responsible for that difference, and the insurance company will take the at fault party to court if they can recoup a portion of the remaining $35k at low expense.
ilyt 3y ago
It always shocks me how different things are between EU and US. Like, the minimum amount insurer can insure for here is around 1 mil EUR https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ%3AJOC_2018_233_R_0001 https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ%3AJOC... For comparison I pay around ~$250 yearly for car liability insurance with pretty much no discounts.
- asdfman123 3y ago
  The $50k is probably limited to the car damage portion of it.
foobarian 3y ago
OK, I think I have a brilliant idea! 1. design a car with a bunch of cheap off-the shelf parts, but bind them in a way that requires complete disassembly and tons of man-hours of work to inspect 2. in-house repair network charges insurances 3. profit!

pseudo0 3y ago

In this case, sure, but unless Rivian drivers are unusually careful they will end up being at fault around 50% of the time. And their insurance companies will adjust their rates to account for $42,000 fender benders.

ahahahahah 3y ago
Rivian drivers are almost certainly unusually careful by that understanding. Just like any other owner of a car with price significantly higher than average. Hell, just the fact that they own a recent model car means they are safer than average.
- giraffe_lady 3y ago
  How?
  - pseudo0 3y ago
    Most under-25s probably aren't buying a $80k car as a starter vehicle, for example. And that group is very overrepresented in accidents. I doubt an average middle-aged Rivian driver is much different from an average middle-aged Toyota driver though.

stu2010 3y ago

Many states still only require $15,000 of liability coverage to drive, so there's going to be a lot more uninsured / underinsured motorist claims in the future. The Rivian owners insurance will frequently end up paying out, via that underinsured motorist coverage.

smileysteve 3y ago
To detail, though the Rivian driver has under insured insurance, the at fault party is still responsible for that difference, and the insurance company will take the at fault party to court if they can recoup a portion of the remaining $35k at low expense.

ilyt 3y ago

It always shocks me how different things are between EU and US. Like, the minimum amount insurer can insure for here is around 1 mil EUR https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ%3AJOC_2018_233_R_0001 https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ%3AJOC... For comparison I pay around ~$250 yearly for car liability insurance with pretty much no discounts.

asdfman123 3y ago
The $50k is probably limited to the car damage portion of it.

foobarian 3y ago

OK, I think I have a brilliant idea! 1. design a car with a bunch of cheap off-the shelf parts, but bind them in a way that requires complete disassembly and tons of man-hours of work to inspect 2. in-house repair network charges insurances 3. profit!