Why is EV insurance that more expensive than an ICE vehicles'?

turkeywelder an hour ago | parent | next [-]

Repair costs are very high (and take ages) and most of them are expensive cars outright which puts the premiums up.

Performance being pretty high on even a basic Tesla doesn't help things either. The insurance market in the UK is very expensive anyway and any excuse to wind up premiums they'll gladly use.

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otherme123 an hour ago | parent [-]

Wait, insurance includes repair costs? What kind of insurance are we talking about? In Spain, mandatory insurance plus some perks is about the same: includes damage to others, own car broken glasses, theft and fire, and road assistance. Maybe Tesla is slightly more, expensive because the horsepower of their cars is too high, and it gets in the group of cars with over 300 HP, so insurers assume it is a bit of a sports car. Anyway, the difference with similarly powered ICE car is negligible.

	▲	pjmlp an hour ago \| parent [-]
		In Germany full coverage does include some level of repair costs. I have had my side mirrors and windshield repairs covered.

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ErroneousBosh an hour ago | parent | prev [-]

I don't know, but it was going to cost me about two grand a year to insure a Kia Niro EV compared to 200 quid to insure a 4.6 litre Range Rover.

Presumably because (at least round here) they're driven by retired guys who are simply not capable of staying in front of a 700bhp gokart that gets to 60mph faster than if you threw it off a cliff.