Why is ev insurance so expensive? Getting my m4 insured - £800, Tesla model y - 4k + quotes???
Yep, take a massively inefficient car and make it 'better' by putting in bigger batteries. Pity it is only a refresh and not a new ground up ev.Audi just announced the refreshed 'Q8 E-tron'
Bigger batteries seems to be the main thing. 89kwh in the 50 and 104kwh battery in the 55.
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Insurance costs are based on a number of factors like your location, age, sex, driving history and more.
But what has the biggest impact is the vehicle model itself. Insurance companies use historical data to work out things like: cost of repairs of this vehicle in accidents, likely hood of accidents for type of people who drive this vehicle, likely hood of thefts or damage, replaced value of vehicle etc
So given these factors, the most likely ones resulting additional cost for your new car is one or more of these: your new car is worth more, your new car is more expensive to repair, your new car is more likely to be stolen or damaged and your new car is on average driven by lower quality drivers.
Wonder what the real life range increase is. Must be a heavy old thing with extra batteries added to what was already quite a heavy vehicleIt's got a 7% more efficient drivetrain as well, along with a few aero tweaks.
Goes about 100 miles more than the old car.
Insurance on Tesla’s is really high at the moment. Combination of group 50 and high repair costs.I get that, but I doubt the rudeboi racer driver demo are likely to drive an m4 than they are a tesla model y? I've also plugged in my dad's details to check and it's about the same price. Tested renewal on the M4 which has also seemed to increase.... might just be that insurance costs more this year?
Yep, take a massively inefficient car and make it 'better' by putting in bigger batteries. Pity it is only a refresh and not a new ground up ev.
Insurance costs are based on a number of factors like your location, age, sex, driving history and more.
But what has the biggest impact is the vehicle model itself. Insurance companies use historical data to work out things like: cost of repairs of this vehicle in accidents, likely hood of accidents for type of people who drive this vehicle, likely hood of thefts or damage, replaced value of vehicle etc
So given these factors, the most likely ones resulting additional cost for your new car is one or more of these: your new car is worth more, your new car is more expensive to repair, your new car is more likely to be stolen or damaged and your new car is on average driven by lower quality drivers.
I actually really like the car too. I just very much doubt you'd get more than 250 miles out of it in winter, which to be fair is probably enough for anyone given it charges at 170kWi thought it now had one of the lowest drag coefficients of any car plus they have made the motors more efficient and more powerful gaining there as well as putting a bigger battery in them. 373 mile range is good. I would be happy having one.
Oh, I'm not saying it is a bad car as such. just that it could be so much better if the efficiency was improved to the same level as BMW/Tesla, etc. It;s like the Hummer Ev in ths States - make it go far by putting in a 200 plus sized battery, nio by maximizing efficiency through weight reduction, etc.i thought it now had one of the lowest drag coefficients of any car plus they have made the motors more efficient and more powerful gaining there as well as putting a bigger battery in them. 373 mile range is good. I would be happy having one.
And they seem to have a replace rather than repair policyThe fact that Teslas are effectively development vehicles being used to beta-test self driving capabilities is probably a factor in insurance company thinking as well.