[StanT]

I was wondering how much of a change you see in insurance rates. With the added costs for repairs of BEVs are you seeing this reflected in your rates?

 

[ChasingCoral]

I was wondering how much of a change you see in insurance rates. With the added costs for repairs of BEVs are you seeing this reflected in your rates?

I had over $12,000 in body work done on my Mustang Mach E last year. Labor costs were no different than other vehicles.

My insurance on the Mach E is only slightly higher than my 6-year old Nissan Leaf.

 

[208]

I was wondering how much of a change you see in insurance rates. With the added costs for repairs of BEVs are you seeing this reflected in your rates?

Insurance on every EV (quite a few) I have owned is similar to any other vehicle of a similar value. The Spark EV is dirt cheap. The Model Y is a high end car, and is similar to my caddy (ELR).

Just had body damage repaired on the Y. It was body/paint repair... it made no difference that the car does not burn gas.

 

[HellBoy]

My Lightning is actually $15/month cheaper than my F150!! So for me, great savings overall

 

[FM_Jack]

My monthly payment before I got my Lightning was $163. After adding the Lightning it is now $258. Which includes a 2021 Mach E, a 2017 Mustang GT and now the Lightning. Last year, before I got rid of my previous commuter car, which was a 2017 Alfa Romeo Giulia AWD, it was $279.50. (which at that time was the mustang, 2014 crosstrek and the giulia). We dropped the Crosstrek as well but in the interim it was $245 a month and then $161 once we only had the Mustang and the Mach E.

So $279.50 previously with 3 vehicles. Now $258 with 3 vehicles, 2 being BEVs.

 

[Leaf to Lightning : )]

as an insurance agent/agency owner, in general, you're not going to see much difference versus a well-loaded F150 higher trim 2022 truck, if you were replacing it with a Lightning. If you are simply 'adding' it as a new vehicle, or replacing a vehicle that had only Liability coverages, there's no way any of us can tell you anything about how 'much' it might be - insurance doesn't work that way. Your neighbor may pay way more than you, depending on their own situation, driver record, background, discounts, state, insurance company, etc., or you may pay more than them, for the exact same vehicle. Only checking around with various insurance companies will warrant the best information in this situation. Age, married, accidents and violations, credit, number in the household, numbers of drivers, number of vehicles, other types of insurance boats and campers, etc.,... you get the picture. While auto insurance is very automated, it is also VERY data driven. The more data, the better.

My Mom just lost her husband of over 60 years, my Dad, last October. As her agent, I hesitated to break the bad news that losing her husband, a great driver of over 64 years, would cost her a large increase in her auto insurance at the next renewal. This is not an easy conversation, but that's the way multi-driver household discounts work. Single auto owners don't get NEAR the pricing and breaks married folks do, and probably for good reason, though in this situation, it now seems a little unfair. SHE is still the same good driver she's always been. She still lives in the same house, with the same one vehicle, as before. Nothing has 'changed', really, except the premium. Sad.