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You must have astonishingly high insurance premiums or a very cheap car. I pay about 1 000 NOK (about 100 USD) per month to ensure my 2015 Tesla S here in Norw
by ninalanyon 2y ago
You must have astonishingly high insurance premiums or a very cheap car.
I pay about 1 000 NOK (about 100 USD) per month to ensure my 2015 Tesla S here in Norway. It would take over forty years to get back the purchase price by not insuring it all and more like eighty if I were to merely drop the collision protection. And that's not even considering that they have paid out about 60 kNOK (6 kUSD) in claims for collision damage so far for this car (no other vehicle involved).
- Clubber 2y agoI pay around $120 a month for a Toyota 4Runner (much less expensive than a Tesla S). I haven't been in an accident ever and haven't had a ticket since around 2002. I guess it's just more expensive in the US.
- ninalanyon 2y agoBut why should it be more expensive? Both the purchase price and repair costs should be lower in the US because of lower purchase taxes which should surely push down the insurance premiums. Or are collisions so much more likely in the US?
- Clubber 2y agoI'm not really sure. The US has to pay liability insurance which covers medical costs, which can be very expensive. I would imagine countries with socialized healthcare wouldn't have to pay as much for that risk.