I am not advising anyone against an umbrella policy, but I was in an accident that involved subrogation and settlement(s) where umbrella would not cover anything but the policy paid-out to its limits. I think it’s good to have both, I understand why people then choose to lower their primary auto coverage limits, the only thing I’m willing to adjust are my deductibles.
HELL. NO.
This is not worth it in any way shape or form
Good to know on umbrella I have not shopped 500/500/100 but maybe I should
Some state regulations are weird too. There are “no-fault” insurance laws. Some insurances in some states don’t look at the cause of accident/claim.
What was the reasoning?
It is a very long story without a straightforward answer.
no fault is just a slang terms in reference to who pays for the medical bill. a “no fault” state simply means the vehicle you are in covers your medical bills regardless of fault. there is still always someone who will be at fault.
Interesting thought exercise from admittedly a click bait rag. Tesla Insurance Costs Could Surge Amid Anti-Elon Musk Vandalism - Newsweek
At what point does vandalism against Teslas start impacting insurance cost. Paint work is expensive, especially when a garage knows insurance is paying and charges three times more than they charge cash customers.
Then Cyberytrucks must be even worse since I imagine that basically zero independent garages work with the stainless steel body panels.
Insuring a tesla is already expensive. My parent’s 2021 tesla Y cost them $2.2k per year, the collision part alone cost them $1.5k.
EVs have already screwed over everyone due to their insane total percentages , which we are all subsidizing
Citation? 10 char
Guess I’m FOS or was thinking of a diff figure. I had read another article which ref diff figured but this claims the total percentage is similar with higher repair costs and severity on average for EV, mainly due to teslas
Idk from what I’ve also read EV particularly Tesla insurance is substantially more so I would guess the companies have statistical basis for this. Would also guess this isn’t really adjusted for miles driven, as there is data that EV drivers drive less than ICE folks so an equal total rate for EV vs ICE would still be quite higher in effective terms if EV are only driven 2/3 as much.
This was likely less of an “EV problem” and more of a Tesla problem. Unibodies built by megacasting are much more expensive to repair afaik.
I suspect the conflation occurred because EV used to be basically synonymous with T.
The unibodies is one issue. The other issue is the parts availability. My regular bodyshop is not touching tesla because they can’t get parts. We can only get it repaired at ‘Tesla Approved’ bodyshop = $$$$$.
This. New model Y will be less of a problem but the design they had for years was beyond expensive to repair for even a basic tap.
This is another dated excuse. Just about any reputable shop can join the Tesla partner network and purchase parts direct. They just need to be pay the subscription fees. Having repaired both Tesla and BMW EVs, the BMW parts were way harder to get.
Isn’t that somewhat apples to oranges? The older a new car is, the more inventory or shorter lead time there will be for parts.
Wouldn’t surprise me if highland 3 or juniper Y parts were harder or took longer to find
Tesla’s entire parts approach is superior to traditional OEMs. They publish a public parts catalog with retail prices. Most Tesla parts are manufactured and shipped from the USA. While some parts maybe VIN restricted, very few parts are restricted by purchaser (only HV battery parts). Tesla toolbox is also a one-of-a-kind program turning a basic laptop into a dealership diagnostic tool. See Purchasing Parts and Tools
BMW does not publish a public parts catalog nor disclose retail pricing of parts. Most BMW parts are manufactured overseas and require international shipping. BMW has a very restrictive repair parts program, only allowing some parts to be sourced by dealers or BMW certified bodyshops. BMW diagnostic tools are thousands of dollars, if you can get one.
I don’t know about all states but that seems to be in conflict with Massachusetts’ right to repair law. Over the past five years the automakers have been unsuccessful in getting that law overturned so I imagine if BWM is going to have to make most of that information/material available over the next few years.
That is certainly part of the issue. But I think also that EVs are, on average, just more expensive than ICE cars. However, they are far more prevalent than they otherwise would be due to various incentives and some macroeconomic factors. This impacts everyone because even if you drive an ICE vehicle, if you hit my EV your insurance company is going to be paying EV repair costs. Of course trucks have also gotten so much more expensive over past 10 years. However, a F-150 is gonna take a lot less damage in a 15 mph accident than a Model 3 or EQS.