I was thinking the I-Pace was expensive to insure compared to my old ID.4, but then I recalled it was an 85K vehicle new (vs. 40K) sold in small numbers so it kind of checks out.
I would imagine TM3/Y aren’t terrible anymore to fix except maybe the simplified, half shell cast versions.
Insurance prices are only partially tied to the value of the car because the majority of collisions don’t result in total losses.
So while the max payout on a $40k car is $40k, and the max payout on a $20k car is $20k, the average collision claim that’s not a total loss is still ~$4k for either one.
I was thinking the I-Pace was expensive to insure compared to my old ID.4, but then I recalled it was an 85K vehicle new (vs. 40K) sold in small numbers so it kind of checks out.
I would imagine TM3/Y aren’t terrible anymore to fix except maybe the simplified, half shell cast versions.
I’m waiting to see if insurance costs plummet at the same rate as used (and, in Tesla’s case, new) EV values.
Insurance prices are only partially tied to the value of the car because the majority of collisions don’t result in total losses.
So while the max payout on a $40k car is $40k, and the max payout on a $20k car is $20k, the average collision claim that’s not a total loss is still ~$4k for either one.