Insurance

Buyers of the Porsche Taycan electric car now have a backup if insurance rates prove too high: a per-mile program linked to Porsche's credit arm.

Tesla CEO Elon Musk noted that through its data gathering it has “great knowledge of the risk profile of the customers.”

When buying a car, one point to consider during the process should be insurance costs. Aside from any finance or lease payment, and fuel costs if you cover lots of miles in a not-very-efficient vehicle, insurance is likely your biggest car-related expense. Thankfully, the Insurance Institute for...

The Insurance Institute for Highway Safety and the Highway Loss Data Institute has once again confirmed the Tesla Model S electric car is an outlier. While the Model S gets high ratings for its crash safety, it also seems to incur higher insurance losses than competing conventional cars. Higher...

As more and more Tesla Model S electric sport sedans hit the road—50,000-plus at last count—some of their drivers are naturally starting to have accidents. They are bumping into other cars, colliding with deer, scraping telephone poles, and backing up into poles and trees. Their cars...

Remember those 338 Fisker Karma electric cars wrecked by Hurricane Sandy while they were sitting on a Port Newark dock? Remember the December lawsuit Fisker filed against its insurance company after its $33 million claim was denied? Never mind. Yesterday, according to Bloomberg, Fisker Automotive...

It doesn’t matter how long you’ve been driving, what type of car you have or how it happened: having a car accident isn’t nice. Normally, post-accident, your insurance company may help you find a local repairer to get your car looking good as new again. But if you have an electric...

The 2012 Chevrolet Volt might cost nearly $5,000 cheaper more than the 2012 Nissan Leaf, but over the next five years, it might cost you less to run. At least, that’s the verdict of Kelley Blue Book (KBB) which crowned the 2012 Chevy Volt the electric choice in its inaugral Total Cost of...

Twenty years ago small cars were generally seen as low cost transportation that would generally only get you from point A to point B. Small cars have come a long way from that in today’s automotive market with manufacturers like Ford, Hyundai, Chevrolet, BMW and Audi just to name a few. Why...

Arranging insurance for your new car is always a stressful and unpleasant business. Often overlooked, it has a direct impact on your driving habits and your pocket book. But unlike gasoline cars, electric cars are not yet fully known by the insurance industry, causing some potential headaches for...

We already knew that the quintessential hybrid car, the Toyota Prius, costs a little more to repair than non-hybrid cars. Now, the news gets worse: Insurance rates for hybrids are going to rise, probably at a faster rate than auto insurance premiums overall, according to Mitchell International's...

Ever loan your car to a friend for a day in exchange for a few bucks? Soon, that may not void your insurance and make you a criminal. At least in California. State Assemblymember Dave Jones (D-Sacramento) has introduced a bill (AB 1871) that would amend the state's insurance laws by allowing...

It's almost sold out in some areas, the solar sunroof is smashing sales projections, and now the 2010 Toyota Prius had added a further laurel to its overflowing cap: The Insurance Institute for Highway Safety has awarded the 2010 Prius its "Top Safety Pick" designation. That award goes to vehicles...

There are many excellent reasons to buy a Toyota Prius, new or used, leading off with the hybrid's superb fuel economy: 50 miles per gallon for the new 2010 Toyota Prius. Now you can add to that list another justification. It turns out that the Toyota Prius will save you money on insurance. The...