EV Insurance in the News

Tesla was never on my list. A mate of mine has a model 3 performance which was involved in a hit and run.

He loves the car, the whole service up to now has been 5* but, and it's a big but, parts availability has always been Tesla's achilles.

Edit: I got an email from our insurance company today telling me the biggest cause of EV breakdown is 12v battery. No effing s**t ! Had this ongoing issue with KIA for eleven feckin' months !!!

Musk isn't anything to do with it. He's just a younger Trump, an egomaniacal idiot flailing about with Daddy's money (in this case gained off the back of Apartheid), and becoming an increasingly mouthy alt-right conspiracy theorist. He has created nothing, simply purchased companies like PayPal and Tesla, and now Twitter too.

A couple of years ago I'd have bought a Tesla car. Now, no.

Yes, my Leaf insurance is higher than it would be on a comparable ICE car. The other running costs negate that, however.

Seems to be some jumping to conclusions here, as well as mistaking anecdote for evidence. Do we have examples for makes other than Tesla? Unusual bodywork is hardly an EV-specific issue. (And my i3 is made of carbon composite and isn’t expensive to insure.)

It may be a factor that many EVs — Tesla included — are notably faster in a straight line than fossil cars, and that insurers perceive this as an added risk — just as a Porsche costs more to insure than a Proton. I’ve not looked into insurance for an EV6 GT but I’d imagine — even kind of hope — that it attracts a bit of premium loading.

I'm not sure I'm prepared to give him that much credit. Seems a clear case of riding other coat-tails to me, with a reasonable business acumen being the only thing he appears to have above Trump - although his wanton destruction of the value of Twitter is a point against. He's willfully changed that company and app in such a way as to destroy the value he bought, wich isn't too clever so far as I can see.

I see a culture shift, particularly in the younger generation. Brand worship is becoming far less prevalent in their minds than it has been in recent decades. I see it happening in clothing and footwear and I have no doubt it is a position percolating throughout other consumer products.
Often really quite nebulous values once attributed and attached to brands that had the effect of creating desirability and premiums are becoming far less persuasive.
Price, availability and sadly, disposability are the new watchwords.
Chatting over the weekend to my son and a group of his cronies about their cars, not one of them has any real interest in the subject, they want, and in many cases have a car, but it holds no intrigue for them, they just want “a car” that does what they need without over stretching their budgets. As a fashion statement, they have become far less appealing.

Yes. In the 1960s - 2000s you had really quite poor cars, cheaply made and cheaply sold. You paid more money for better build quality, better reliability and a better driving experience. Skoda in the 1970s was a joke as were all the Eastern Bloc manufacturers, but they were cheap transport. Various manufacturers were overtly quirky (Citroen par example) but gradually the extremes came closer as manufacturers became assemblers and standard products were sourced from Bosch etc. So a fuel pump in a Merc is now likely to be the same as in most other vehicles - maybe with some better fault checking but nothing different.

Eventually all 1.5L three cylinder engines produce the same power as they need to be clean and you can only do it one way. So everyone has the same car clad in in a different body.

We are going the way of washing machines and no one is bothered other than those keeping the classic cars alive.