Mexican Association of Insurance Institutions says 70% of cars in Mexico are uninsured
https://www.theyucatantimes.com/2023/10/mexican-association-of-insurance-institutions-says-70-of-cars-in-mexico-are-uninsured/
Posted on 10/21/2023 10:49:14 AM PDT by RomanSoldier19
lectric cars risk becoming effectively uninsurable as analysts struggle to put a price on battery repairs, the researcher for the car insurance industry has said.
Jonathan Hewett, chief executive of Thatcham Research, the motor insurers’ automotive research centre, said a lack of “insight and understanding” about the cost of repairing damaged electric car batteries was pushing up premiums and resulting in some providers declining to provide cover altogether.
(Excerpt) Read more at msn.com ...
So only those who can self-insure will have cars?
See my replies #39 and #40.
Agreed. That’s what all brutal revolutions start aiming at.
One of things they are doing is going with bigger battery cells. At least the reduces the number of connections..
Mexican Association of Insurance Institutions says 70% of cars in Mexico are uninsured
https://www.theyucatantimes.com/2023/10/mexican-association-of-insurance-institutions-says-70-of-cars-in-mexico-are-uninsured/
“After which the democrats will use high insurance premiums as something they can rile up their ignorant base...”
Da’ free market ! Muh’ Capitalism !
This whole thing is gov’t created in the first place (EV mandates).
But the Repubs are guaranteed to choose the most politically inept response to market distortion.
I’d be surprised if you got an answer to your question. What you probably will get is a lot of sunshine pumping, talk of 0-60mph times, rainbows, and unicorns.
I'm keeping flood insurance.
That is almost a guarantee. In fact, I have little doubt O'Biden is drafting the executive order at this very moment. It's patently unconstitutional, but so is Obamacare.
Here come the enviro wackos and the Elites who hate us 24/7 to push the 15 minute cities around the world.
Solution is right there under our noses.
Simply put, vehicle owners don’t have to own the batteries.
Define the batteries the same as the fuel that goes into ICE vehicles. You don’t actually own the fuel, until you want to fill up the tank. Then, you refuel as the need arises.
Make the EV battery makers own the batteries, and the vehicle owners just ‘renters’ or ‘leasers’ of the batteries.
When the batteries go bad or burn up, it’s the responsibility of the batteries companies to handle the problem, thereby making the vehicle owner faultless.
Meanwhile, it’s still the responsibility of the EV ‘owners’ to charge/recharge the batteries when they run dry.
Meanwhile, last week I noticed that, people with EVs don’t chance it when driving long distances. My family (wife, daughter and her 3 kids) just drove from Tampa to Los Angeles, and I only notices ONE EV (a Tesla) on the entire road in Texas (I-10). In Tampa, it seems that every 5th vehicle is a Tesla.
Do you live in Delaware? On a different thread somebody mentioned Biden’s home purchase for $2.75M. The rates for a comparable home is around $5.5K. Your home in Hellinois would have property taxes well north of $10K.
My son who has a Tesla says that Tesla insures his vehicle. I would assume they would continue to do so.
I didn’t pry into the specifics.
Yikes, sorry to hear. The main loss risk here is from wind at certain times of year, mainly tree and roof damage. The people here say the town nickname is Paradise, it’s very unusual in many ways. Stumbled on it by accident. Best wishes for a solution or workaround for you!
That was my insurance above, but taxes are cheap here too. Small town, Western Colorado.
I’m thinking this is EV model specific. For example, Tesla changed their battery design so that it’s more built into the frame (not exactly, but kinda). That’s part of the huge cost in replacing a battery on those Teslas.
If you lease the car, you don't own the battery. If you buy the car you do.
Interesting. Thanks for the reply from rural Colorado!!!
Austin, Texas-based Tesla is offering auto insurance in Arizona, California, Colorado, Illinois, Maryland, Nevada, Ohio, Oregon, Texas, Utah and Virginia. Recent filings to state regulators show that Tesla plans to start selling auto insurance in Florida on Oct. 20, 2022.Tesla insurance is more expensive that the average car. It costs about $2,503 a year to insure a 2021 Tesla Model 3
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