Replies to post #85025 on Tesla Inc (TSLA)

[boston745]

Havent heard of any not providing coverage but yes insirance rates are said to be higher for Teslas and other EVs compared to ICE because of things like having to total the vehicle if there is suspected battery damage.

EVs can be more expensive to insure for other reasons as well. McChristian says that compared with conventional cars, insurance companies are more likely to declare an EV a total loss after a crash. That has to do with the cost of replacing a battery that’s been damaged or compromised, which can be about half the cost of the vehicle.

Higher repair costs are factored in, too. On average, “EVs are in the repair shop for longer than a gas-powered vehicle,” McChristian says. “This longer repair time can be due to supply chain issues or the need for more complicated electronic diagnostics by specialized technicians.”/

https://www.consumerreports.org/money/car-insurance/electric-vehicles-cost-more-to-insure-than-gasoline-powered-a6372607024