Based on other comments looks like a billionaire owned rag doing anti EV shill Op?
this post was submitted on 29 Aug 2025
4 points (75.0% liked)
Electric Vehicles
1601 readers
148 users here now
Overview:
Electric Vehicles are a key part of our tomorrow and how we get there. If we can get all the fossil fuel vehicles off our roads, out of our seas and out of our skies, we'll have a much better environment. This community is where we discuss the various different vehicles and news stories regarding electric transportation.
Related communities:
- !automotive@discuss.tchncs.de
- !avs@futurology.today
- !byd@lemmy.world
- !ebike@lemm.ee
- !energy@slrpnk.net
- !geely@lemmy.world
- !micromobility@lemmy.world
- !polestar@lemmy.ca
- !rivian@lemmy.zip
- !teslamotors@lemmy.zip
- !xiaomi@lemdro.id
founded 1 year ago
MODERATORS
I'm not sure about this. I see nothing to indicate they're controlling for age and retail price of vehicle. I know Tesla's are expensive to ensure, but the few other EVs I've looked at were more or less the same cost to insure as equivalent priced ICEs.
I just got a Chevy Bolt. It's not especially expensive to insure. I was paying $65 per month for super basic liability coverage on my old Honda. The Bolt has collision, comprehensive, and loan payoff coverage, and it's about $100 per month. I don't think that's particularly high considering considering the amount of coverage I added.
I checked the Bolt and Ioniq 5, got normal rates for both. When I checked the Model 3, it was almost double what the Ioniq 5 was.
That's why I'm doubting their numbers. And all they say is that it's an average of their EV and ICE data. But EVs will tend toward newer and more expensive. Unless they accounted for that, the EV insurance rates would be higher in a broad average.
I believe Teslas specifically are also expensive to insure, there's a reason Tesla offers their own insurance. So if they're just being lumped into EV vs ICE, instead of breaking it down further, that would explain some of it as well.