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Maybe auto insurers have realized that as EV's take over and batteries improve the costs will come down and the efficiencies of EV's will reduce both the cost o
by rapjr9 3y ago
Maybe auto insurers have realized that as EV's take over and batteries improve the costs will come down and the efficiencies of EV's will reduce both the cost of cars and the cost of repairs, hence the insurers will have a smaller slice of a smaller pie and thus are raising prices now to get some profit before the entire business downsizes.
- nradov 3y agoThat's not how the insurance industry works. Furthermore, EVs aren't necessarily cheaper to repair or replace: rather the opposite.
- bdcravens 3y agoThe kinds of EV repairs insurance companies are concerned with are likely not cheaper. Less third-party parts, fewer technicians with expertise, and some models like Rivians are ridiculously expensive for even basic body work. I assume they have a higher risk of being a total loss (especially if the main battery is damaged)
- deleted 3y ago[deleted]