We’ve explained to readers that auto insurers are inflating premiums for their customers due to the skyrocketing costs associated with vehicle repairs. Some insurers are opting to write off electric vehicles even for minor incidents, as it’s uneconomical to fix these complex systems. For those insurers who do undertake the repairs on EVs, the expenses are shockingly high.
The latest example of insurers getting roasted on repairs is a report from The New York Times that says a Rivian owner said his R1T electric pickup truck was involved in a minor fender bender in February in Columbus, Ohio. The insurance company of the driver who struck Chris Apfelstadt’s R1T offered to pay about $1,600 for the repairs.
However, after the R1T was taken to a certified repair shop in Columbus, the costs soared to a whopping $42,000 — or about half of the starting price of the EV. “A key reason […]
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