EEEK!!! Pt2 - insurance!!!

[DodgyGeezer]

well the first electric shock, so to speak, has already reared its ugly head. I've been used to reasonably silly cars over the years and thought that I was inured to silly insurance quotes... turns out I was wrong!! My current insurer, it transpires, does not insure electric cars - the broker's quote once this was taken into account was £1,300 What. The, Actual. fkingfketyfkfk I was a little surprised and did let go a bit of an involuntary expletive on the phone.

I've since got the price down by roughly 50% by going elsewhere but, in all honesty, that still seems quite lumpy - more than enough to wipe a smug, self-satisfied smile off anyone's face!

I'm prepared for another hit when I get around to fitting a home charger but it is a sobering reminder of how unforeseen costs can quickly escalate

[paradigital]

My current insurer would insure me on my Model 3 Performance but the price was nuttybonkers.

Eventually got the price down to a “reasonable” level (£486) by going with Direct Line.

Edited by paradigital on Wednesday 11th January 18:27

[DodgyGeezer]

paradigital said:

My current insurer would insure me on my Model 3 Performance but the price was nuttybonkers.

Eventually got the price down to a “reasonable” level (£486) by going with Direct Line.

Edited by paradigital on Wednesday 11th January 18:27

funnily enough I've just tried DL - who've just quoted me double your figure (I always thought that I lived in a good area, I may have to reevaluate that thinking)

[Gnevans]

Try Aviva or LV

[TheDeuce]

Apparently EV insurance is generally dipping below ICE insurance: https://heycar.co.uk/blog/electric-cars-cost-less-...

Although as ever, it's highly model specific and if the underwriters have limited data on a certain car they'll air well on the side of caution. Finding the right insurer is key.

Hopefully as the years roll by EV will prove to be a significant lower overall risk and this will be reflected in premiums.

[Minsky]

We are with Admiral - new Polestar was cheaper than (very old) VW.

It is selective - we got some crazy quotes. LV seem to push the EV insurance at the Fully Charged Show so they maybe worth a shot.

[somouk]

I'm with admiral, Aviva wanted to charge me about triple what I pay with Admiral.

Directline are meant to be good.

[nd0000]

Is this down to supply chain issues meaning small accidents turn into lengthy periods in a hire car?

[DMZ]

TheDeuce said:

Apparently EV insurance is generally dipping below ICE insurance: https://heycar.co.uk/blog/electric-cars-cost-less-...

Although as ever, it's highly model specific and if the underwriters have limited data on a certain car they'll air well on the side of caution. Finding the right insurer is key.

Hopefully as the years roll by EV will prove to be a significant lower overall risk and this will be reflected in premiums.

From talking to insurers there are Tesla specific loadings. It’s a pain to get them repaired apparently.

[TheDeuce]

DMZ said:

TheDeuce said:

Apparently EV insurance is generally dipping below ICE insurance: https://heycar.co.uk/blog/electric-cars-cost-less-...

Although as ever, it's highly model specific and if the underwriters have limited data on a certain car they'll air well on the side of caution. Finding the right insurer is key.

Hopefully as the years roll by EV will prove to be a significant lower overall risk and this will be reflected in premiums.

From talking to insurers there are Tesla specific loadings. It’s a pain to get them repaired apparently.

I can't say I'm surprised. Also the propensity for the rear bumpers to detach can't have helped things!

I also imagine that cars sold largely on their ability to do bonkers 0-60 dashes to folk that previously bought Focus's and Golfs kept the underwriters up at night.

[DodgyGeezer]

this is tres bizarre

- LV require a tracker
- NFU don't insure electric for new business
- Admiral are £200 cheaper online
- cheapest meerkat quote was nudging £1,000
- cheapest confused (and I am!!) was £800
- go compare were soso
- Flux were £1,000+


for context

- we're over 50
- no points
- reasonable/good area (we thought!!)
- 1 non-fault claim 2 years ago
- retired/houseperson
- no mods
- no < 16s
- extra vehicle at the house (so no courtesy car needed in the unfortunate event of an oopsie)

[TheDeuce]

DodgyGeezer said:

this is tres bizarre

- LV require a tracker
- NFU don't insure electric for new business
- Admiral are £200 cheaper online
- cheapest meerkat quote was nudging £1,000
- cheapest confused (and I am!!) was £800
- go compare were soso
- Flux were £1,000+


for context

- we're over 50
- no points
- reasonable/good area (we thought!!)
- 1 non-fault claim 2 years ago
- retired/houseperson
- no mods
- no < 16s
- extra vehicle at the house (so no courtesy car needed in the unfortunate event of an oopsie)

Maybe they've seen your PH username

[DodgyGeezer]

TheDeuce said:

Maybe they've seen your PH username

[sociopath]

Mustang mach-e was £395 last year with DL
This year its gone up to £429 with a broker, DL wanted £550.

In my wife's name (she's 56 with only 5 years NCD, as she had a company car previously)

[OutInTheShed]

TheDeuce said:

Apparently EV insurance is generally dipping below ICE insurance: https://heycar.co.uk/blog/electric-cars-cost-less-...

....
Hopefully as the years roll by EV will prove to be a significant lower overall risk and this will be reflected in premiums.

That article seems hopelessly full of st.
It probably just means a lot more Ford Fiasco drivers are about 18 years old?

Post 2015 cars in general are expensive to repair after even minor dings.
And retail prices of cars are high. Risk as a % of value may not be unreasonable, but you're insuring something with a high notional value.

[Blue62]

I’m paying under £500 for a Taycan 4S, no tracker required with Churchill. I can’t imagine any car thief targeting an EV, but understand theft is not the only criterion.

[TheDeuce]

Blue62 said:

I’m paying under £500 for a Taycan 4S, no tracker required with Churchill. I can’t imagine any car thief targeting an EV, but understand theft is not the only criterion.

The 1050nm of torque accidentally deployed whilst pulling up onto one's drive perhaps?



Any excuse to post this

In all seriousness though, aren't just about all EV's effectively fitted with a tracker? - they're all 'connected'. I too can't see much theft going on and the statistics well and truly back that up. Also as new cars, cars aimed at the tech savvy, most have all sorts of crash avoidance tech and driver aids by default.

Edited by TheDeuce on Wednesday 11th January 23:22

[DodgyGeezer]

Blue62 said:

I’m paying under £500 for a Taycan 4S, no tracker required with Churchill. I can’t imagine any car thief targeting an EV, but understand theft is not the only criterion.

Indeed - I'm on about half that for my Challenger... oh well, it is what it is