Insurance - Electric cars

[Forty_Two]

Is it the case that Tesla or electric cars generally are more expensive to insure?

Prior to this M3 I had a £65k Porsche Macan S and my insurance on that was a couple hundred less than the best quote I can get for the M3 - why?

 

[bc1979]

Yes, ridiculously so.

 

[MovingSouth]

Not in our experience, we insure a ZOE for about the same as we insured a Honda Jazz and a Tesla Model 3 for not much more than we insured a diesel Golf.

Try Direct Line for the Model 3 - they seem to have some relationship with Tesla.

 

[LoudMusic]

I recognize that I'm commenting in the UK and Ireland subforum, but my insurance company USAA gave us a reduced rate because the car has sentry mode and GPS tracking. It might be worth bringing that up with your insurance provider.

I'm not sure that someone can steal one of these cars successfully. And if there is any collision or vandalism there are five cameras recording the event.

 

[Adopado]

Yes, ridiculously so.

We can only comment on our own costs … so I would have to disagree. I’m paying £215.

 

[Billbrown1982]

Like any and all insurance, it varies greatly.

Electric cars generally have faster acceleration, what is considered more expensive repair costs, especially Tesla's as they are beholden to the main dealers.

But sometimes you get lucky and get a cheaper quote. Its the usual story.

 

[Durzel]

I’d wager your Macan didn’t have supercar acceleration?

That’s only one part of it of course, but it’sa significant one. Also Teslas probably take longer on average to repair due to parts availability (and thus higher loan car costs)

 

[debrooker]

Yes, and as I have a little PPF on mine, my pants get pulled down

 

[Forty_Two]

We can only comment on our own costs … so I would have to disagree. I’m paying £215.

Can I know who with?

 

[Forty_Two]

I’d wager your Macan didn’t have supercar acceleration?

Macan S . . . . 0 - 60 4.6 seconds

 

[phil4]

I went from a Golf R to an M3P and my insurance only went up by £10 (for the whole year as I had to change insurers), so I think it's more around personal circumstances than a blanket "it's more expensive".

 

[Forty_Two]

I wonder whether it's down to the cost of repairs. The way the car is built, I wonder whether even moderate collision damage, damages the battery and whether that bumps up the cost?

 

[RubberDuck46]

I think it is also the value of the car, we pay for 3 cars - one of them being a 911 (54 plate) - less than £500 a year for all 3.

 

[Durzel]

Macan S . . . . 0 - 60 4.6 seconds

Ok that's faster than I thought it would be.. In that case scratch what I said

 

[Mavro]

Yes, and as I have a little PPF on mine, my pants get pulled down

Really? Why would paint protection impact insurance? Sometimes I think they just make it all up.

 

[Durzel]

PPF = a wrap. A transparent one, but a wrap nonetheless.

It complicates repairs, as the car can't just go straight into the paint shop for a respray, or it can but the PPF probably can't be reapplied there (different discipline), or at all - when the customer will be expecting it to be.

 

[Adopado]

Can I know who with?

Churchill

 

[GRiLLA]

I'm paying just over 300 with Churchill, so no not really.

 

[Pink Duck]

I managed £309 with Aviva this year, the best I could do considering mine has suffered 3rd-party rear and front-endings to date. Still more than I ever paid for previous ICE vehicle, but not bad considering higher residual value and 524 PS. Also, have had greater claim payout total than insurance paid to-date, so that's likely why EV prices in general are higher.

 

[debrooker]

Really? Why would paint protection impact insurance? Sometimes I think they just make it all up.

Indeed, knowing what I know now and the complete faff its been I probably wouldn't have bothered.

Many insurers will invalidate the insurance if they find it has PPF