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Electric car Insurance
xxd09
Posted: 30 September 2023 17:29:55(UTC)
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A recent article in the Guardian today about huge increases in electric car insurance -over £5000!
Are electric cars suddenly more risky?
If true many consequences!
xxd09
2 users thanked xxd09 for this post.
SF100 on 30/09/2023(UTC), L.P. on 03/10/2023(UTC)
Busy doing nothing
Posted: 30 September 2023 17:40:12(UTC)
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Joined: 01/03/2021(UTC)
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Apparently electric cars are more prone to being scrapped off even when an accident with another vehicle would be deemed minor damage, due to the safety of the batteries been potentially compromised. Maybe why insurance premiums are a lot higher.
ANDREW FOSTER
Posted: 30 September 2023 17:41:37(UTC)
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xxd09;280957 wrote:
A recent article in the Guardian today about huge increases in electric car insurance -over £5000!
Are electric cars suddenly more risky?
If true many consequences!
xxd09


Generally three factors..

EV's move expensive to buy than their IC equivalent. A 50K car is a 50K car even if its just family saloon size.

Secondly, EV's when they crash, they more often burn, so there are more total write offs than IC's.

Thirdly, the cost of repairs is astronomic and very few garages, even main dealers, are qualified to do them. Having a hi tech car full of complex wiring makes it a techy job to fix rather than a greasy Joe mechanic. Parts are often unobtainable (e.g. those MG EV's) again causing write off or high 'courtesy car' charges.

All this is known. Why would anyone be surprised?

But this is all part of preparing the public for an about face on EV's....
3 users thanked ANDREW FOSTER for this post.
SF100 on 30/09/2023(UTC), Dexi on 01/10/2023(UTC), L.P. on 03/10/2023(UTC)
Luca Brasi
Posted: 30 September 2023 17:54:08(UTC)
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Doesn't seem much demand for second hand electric cars. My daughter and I were browsing around a Skoda dealership earlier in the week looking for a newer car for her, we noticed 3 rather sad looking Teslas, none were more than 2 years old!
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ANDREW FOSTER on 30/09/2023(UTC), L.P. on 03/10/2023(UTC)
Busy doing nothing
Posted: 30 September 2023 18:08:44(UTC)
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Joined: 01/03/2021(UTC)
Posts: 376

Article in the Daily Telegraph :- John Lewis stops insuring electric cars over repair cost fears.
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ANDREW FOSTER on 30/09/2023(UTC)
Jonathan Friend
Posted: 30 September 2023 19:07:52(UTC)
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When dreams and ideals collide with the cold, hard truth.
5 users thanked Jonathan Friend for this post.
ANDREW FOSTER on 30/09/2023(UTC), Guest on 01/10/2023(UTC), Nigel Harris on 01/10/2023(UTC), Chalky W on 01/10/2023(UTC), Tyrion Lannister on 11/12/2023(UTC)
Newbie
Posted: 30 September 2023 19:12:29(UTC)
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So can we now move on from this experimental malarky and get back to finding oil and other energy sources to protect our people - winter is approaching and will be here next year and the year after.

My family (namely the younger generation) has been hounding me to make the move to electric cars. Given the implicit message on this thread, I wonder how many those family members will turn up at my doorstep or call me to ferry them to their leisurely pursuits as their parents, siblings cannot get insured to drive around in fancy quiet 0-100 in x second vehicles.

My 2.5, 3 & 5 litre beasts (one being diesel at that) may not be quiet but, if they agree they were young. naive and drank the kool-aid stuffed down their eyes, ears, substance in between the two and, did not think it fully through (that we simply are still reliant on middle-east oil and our masters squandered our wealth from our oil beds and tried to cover it up), then I may oblige.

I foolishly was considering an EV just last weekend but ended up test-driving a proper vehicle.
11 users thanked Newbie for this post.
ANDREW FOSTER on 30/09/2023(UTC), Jonathan Friend on 30/09/2023(UTC), stephen_s on 30/09/2023(UTC), Busy doing nothing on 30/09/2023(UTC), Guest on 01/10/2023(UTC), Nigel Harris on 01/10/2023(UTC), Dexi on 01/10/2023(UTC), Dentmaster on 01/10/2023(UTC), Old Jock on 02/10/2023(UTC), L.P. on 03/10/2023(UTC), Janey187 on 13/11/2023(UTC)
SF100
Posted: 30 September 2023 19:32:04(UTC)
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Joined: 08/02/2020(UTC)
Posts: 2,259

This is fascinating
I had no idea

I'm going to have to stop reading this forum for the world to start making sense any more
(but that's probably a tough ask on both counts...)
ANDREW FOSTER
Posted: 30 September 2023 19:42:04(UTC)
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If the GUarDiaN is changing it's tune then something is up.

Here they were in 2021 in full Kool-Aid mode

Quote:
Electric car insurance in UK ‘is £45 less than for petrol or diesel vehicle’


https://www.theguardian....etrol-or-diesel-vehicle

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Guest on 01/10/2023(UTC)
guantou
Posted: 30 September 2023 19:52:52(UTC)
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In addition to the higher insurance, now an added inconvenience: Several ferry companies have banned the transport of EV's, probably due to their escalating insurance cost for handling EV's.
3 users thanked guantou for this post.
stephen_s on 30/09/2023(UTC), Nigel Harris on 01/10/2023(UTC), ANDREW FOSTER on 01/10/2023(UTC)
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