{"id":136562,"date":"2022-03-08T04:02:18","date_gmt":"2022-03-08T12:02:18","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2022\/03\/as-prices-top-4-a-gallon-should-you-consider-an-electric-vehicle-one-consideration-theyre-more-expensive-to-insure-and-repair-heres-why"},"modified":"2022-03-08T04:02:18","modified_gmt":"2022-03-08T12:02:18","slug":"as-prices-top-4-a-gallon-should-you-consider-an-electric-vehicle-one-consideration-theyre-more-expensive-to-insure-and-repair-heres-why","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2022\/03\/as-prices-top-4-a-gallon-should-you-consider-an-electric-vehicle-one-consideration-theyre-more-expensive-to-insure-and-repair-heres-why","title":{"rendered":"As prices top $4 a gallon, should you consider an electric vehicle? One consideration: They\u2019re more expensive to insure and repair. Here\u2019s why"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/as-prices-top-4-a-gallon-should-you-consider-an-electric-vehicle-one-consideration-theyre-more-expensive-to-insure-and-repair-heres-why.jpg\"><\/a><\/p>\n<p>Tesla will sell car insurance, but electric-vehicle insurance and repairs are more expensive than for traditional cars. Here\u2019s why.<\/p>\n<hr>\n<p>The average cost of repairs are nearly 3% higher for a small EV versus a small internal-combustion engine car, says CCC Intelligent Solutions, a data and consulting firm that has examined the impact of EVs on the automotive, insurance and repair industries.<\/p>\n<p>The same researchers found that spending on replacemet parts as a share of the overall repair costs was higher for a small EV despite that EV having 9.1 parts replaced per claim on average, versus 9.6 parts for small ICE cars. Access the <a href=\"https:\/\/cccis.com\/news-and-insights\/insights\/ccc-trends-electric-vehicles-go-mainstream-implications-for-the-pc-insurance-economy\/\" target=\"_blank\" class=\"\" rel=\"nofollow\" >full report<\/a> here.<\/p>\n<p>\u201cThe repair and replacement parts for many components of EVs are different from gasoline cars, and their relative scarcity\/lack of economies of scale, plus their higher price, means that the insurance premiums to cover them are also higher,\u201d said Lane of the University of Kansas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla will sell car insurance, but electric-vehicle insurance and repairs are more expensive than for traditional cars. Here\u2019s why. The average cost of repairs are nearly 3% higher for a small EV versus a small internal-combustion engine car, says CCC Intelligent Solutions, a data and consulting firm that has examined the impact of EVs on [\u2026]<\/p>\n","protected":false},"author":662,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,17,1491],"tags":[],"class_list":["post-136562","post","type-post","status-publish","format-standard","hentry","category-economics","category-sustainability","category-transportation"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/136562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/662"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=136562"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/136562\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=136562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=136562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=136562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}