Drivers who ditched petrol and diesel to help save the planet face huge price rises in premiums

  • Brickhead92@lemmy.world
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    1 year ago

    This was us a couple years ago. Budgeted for a Tesla as a 2nd vehicle, did a test drive, looked into things like insurance and servicing more closely and noped out of it. At the time it was about $3200 a year to insure a Model 3.

    Instead of getting a single car, I got a Hyundai EV, and we traded in the old Toyota Hybrid as well and got a plug-in hybrid for less than the Tesla would have cost us. Plus insurance for both is about $1000 less than the Tesla alone. The math didn’t make sense.

    • HeartyBeast@kbin.socialOP
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      1 year ago

      It’s interesting. My next car will be electric, hopefully. It’s never even occurred to me until now that the insurance would be hugely different

      • shastaxc@lemm.ee
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        1 year ago

        It’s not really for any normal car (not Tesla). I have a Kia EV6 and Kia K5 (not an EV) and the insurance premium is $310.87 (covers both cars, 2 drivers, in Florida). The insurance on the K5 alone, for one driver was about $180 before that.

          • shastaxc@lemm.ee
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            1 year ago

            It is relevant because Florida has the highest car insurance rates in the entire US https://www.bankrate.com/insurance/car/states/#car-insurance-rates-by-state

            It should be relevant to anyone in the UK by using it as an upper bound for what their rates should be. Why would car insurance be higher in the UK than in Florida? The UK doesn’t even have any natural disasters.

            So the point I’m making is that having a non-Tesla EV in Florida doesn’t even put my insurance rates above the average in my state, so the article’s claim that EV’s would add an EXTRA £5000 to an insurance policy in the UK is ridiculous.

            • HeartyBeast@kbin.socialOP
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              1 year ago

              You seem to be assuming that the increased expense and slow repair times are to do with natural distasters, rather than differences in the labour market, spares availability, infrastructure and a hundred other economic and societal differences

            • thanksforallthefish
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              1 year ago

              Except car insurance is dearer in the UK than Florida, in fact I was shocked by how expensive insurance here was compared to the other countries I’ve lived in (including the US).

              I’m not an actuary but I do know there are a lot more parameters to come to an insurance cost than “number of hurricanes”