• 2018 Tesla Model 3

    Tesla has introduced its own insurance product, covering Model S, Model X, Model 3, and Roadster, only if they're owned and only in California.

  • Porsche Taycan production
    Porsche reveals insurance program: At ease, Taycan electric-car buyers

    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.

  • 2018 Tesla Model S and 2018 Tesla Model X
    Musk: Tesla will introduce Autopilot-informed insurance product next month

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

  • Smart crash test
    Insurance claims on electric cars vary hugely, though perhaps predictably

    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...

  • 2017 Tesla Model S
    IIHS says Tesla electric cars have higher miles, more costly repairs

    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...

  • Tesla Model S 85D, 2015 Detroit Auto Show
    Tesla Model S Aluminum Body: Why Repair Costs Are 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...

  • Peter Rutman, who bought a wrecked Tesla Model S salvage car  [frame from San Diego 6 The CW]

    Caveat emptor. Or, for those less conversant in Latin, buyer beware. That's the lesson that should always be applied when buying a used car. Especially one with obvious damage. Especially a used electric car that's been so badly damaged that it's been declared a total writeoff by an insurance company, meaning that it's now designated a "salvage vehicle." DON'T MISS: Iowa Dealers Shut Down Tesla Test Drives As Rep Humiliates Them Nonetheless, Peter Rutman of San Diego paid $50,000 for a wrecked 2012 Tesla Model S Signature Series--one of the first 1,000 all-electric luxury cars built--at a...

  • 2012 Fisker Karma in Costco parking lot, Santa Monica, California [photo: Chris Williams]
    Fisker Drops Lawsuit Against Insurer Over 300 Flooded Karmas

    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...

  • Nissan Leaf Accident Repair
    Electric-Car Accident? What Your Insurance Company MUST Let You Do

    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...

  • 2012 Chevrolet Volt
    2012 Volt Cheaper To Own Than 2012 Leaf, Says Kelley Blue Book

    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...

  • 2011 Chevrolet Volt in IIHS crash test
    IIHS Changes View Of Small Cars With Six Top Safety Pick Awards

    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...

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    Could Your Electric Car Insurance Be Higher Than You Expect?

    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...

  • 2011 Nissan Leaf

    With all the talk of purchase price, charging costs, tax incentives, congestion charging exemptions and maintenance costs for EVs, there's one financial area which often gets overlooked - insuring them. With so few EVs on the road it's been difficult to gauge whether they'll cost more or less than the equivalent internal combustion vehicle, since there are so many variables that differ. What would drivetrain components cost to replace? Will there be a shortage of parts? There might be good news on the horizon though. U.K-based finance company Credit Plus has suggested that the 2011 Nissan...

  • 2010 Toyota Prius
    Why The Cost of Insuring Your Hybrid Car Is Going To Rise

    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...

  • money
    California Bill Seeks To Legalize Sharing Your Car For Cash

    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...

  • IIHS side crash test of 2004-2006 Toyota Prius
    2010 Toyota Prius Gets Top Safety Rating

    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...

  • Toyota Prius body damage
    Yet Another Reason To Buy a Toyota Prius: Cheap Insurance!

    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...

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