Not exactly, the entire insurance model has recently buckled due to ALL cars being considerably more complex than they used to be. And typically one of the biggest failures has been electrical issues.... In ice cars.
I understand why EVs have a lot of rising insurance costs but my Insurance for my 2.0 TDi VW Passat CC was £329 last November. This year my quote was £873! despite being 64 years old, 6 years no claims with 45 years driving experience. Eventually the cheapest I could find was £599.00 with Saga! I have never paid anything like this in my life.
@@fg-pv5htit’s because insurers spread their risk and costs over all of us EVs are very expensive and very easy to write off and expensive to fix the more of them there are the more our premiums will rise. Hopefully they will categorize them on there own and give the rest of us a break
I just renewed the insurance on my Suzuki Swift it was £230 last year but i got 35 quid cash back. The renewal came in from Ageas at £192 so I just stayed with them as I couldn’t get anywhere as close to what they were offering. Nothing had changed in my circumstances so I was quite surprised as everyone seems to be jumping up considerably.
@@graham5649 Good economics , only comment , look at depreciation / resale value. The 15 year old Peugot has dropped £400 in the 3 years and I paid £ 2900 for it with 57k miles on the clock, Any how, Good luck.
I’m still driving a 2004 vehicle. I like the idea of EV. However, if you talk to the vehicle repairers, headlights as an example are a ridiculous price now. I was told an E-Class Merc headlight unit is £5k as it has all the funky directional crap. Another repairer told me a Ford Focus with steering headlights £1k. The problem is ALL new cars are a joke to repair with this extensive technology burden. The industry needs a complete rethink. We need comfortable safe transport, not gimmicks. Easy to blame all on the powertrain. Gimme a simple EV please, I’ll buy it!
@@C-Fury_LTD - this goes in cycles and occured even before EV's were on the scene. New technology is priced high for replacements initially then comes down in price over time. With LED headlights, particularly the matrix type, the bill of meterials and construction costs are not that significant overall; the market is pricing them at a permium currently - this will change as they become universal. However, there needs to be pressure from right-to-repair and recycling legislation to make all lights more modular so the housing doesn't have to be replaced along with the LED array.
@@GlowingTube I happened to walk past a 73 plate MG4 the other day. I was casually looking down, and saw 4 almost bald tyres. Sure, the owner could be someone who drives 30k miles a year, but none the less, 4 bald tyres on a 12 month old car.
@@GlowingTube The average mileage of U.K. drivers is c8000 miles. An EV tyre last approximately 30 to 40 thousand miles (depending on driving style) So, on average an Ev owner will need to replace their tyre once every FOUR years or more! Not every 18 months. They are more expensive than tyres for ICE cars because they are designed for the purpose, if you use cheap ICE tyres on an EV then possibly your FUD ‘fact’ about 18 months might be correct. Still, like all EV Luddites, facts and statistics don’t really matter, do they?
I can well believe it. I see many very late model cars written off due to what would normally be contacted minor damage. It’s a crime to scrap these cars but sadly unavoidable.
@@nathansmith7153 You can find sense, sober people like Patrick Boyle talking about this. Hertz are moving away from EVs in part (not whole, part) because of the excessive repair costs. I think EVs are fantastic in principle but the battery tech needs a wholesale revolution.
Yes they know how little danger EV's represent, lower fire risk, higher reliability etc., plus CAP HPI has released data that EV's are less likely to be written off than ICE cars. The net result is EV and ICE insurance premiums are equalising, with EV coming down in cost and ICE going up.
When the UK Government first said that ICEV sales would stop in 2030, I said to my insurance company that they should have two separate budgets for ICE and EV's, so as to assess claims costs for each type of vehicle and not overcharge one type or the other, so I am pleased that this new system is being proposed, especially after seeing my ICEV insurance almost double in one year, without any claim.
Why should other owners carry the burden of ev repairs . They are not really fit for purpose . How can scrapping a vehicle with just the underside slightly damaged be good for the environment !!!!!
@@chrishart8548it wouldn’t though would it. You can replace and exhaust system reasonably cheaply. which would be the parts likely damaged on a ice vehicle in that same situation
@@darrenbrassington7364 slight damage to plastic petrol tank incinerates occupants. A few litres of water entering the air intake writes off engine. Software defined vehicles enable FREE ota upgrades at regular intervals. Massive strength of floor provides superior crash protection and reduces likelihood of a rollover. Insurance costs related to personal injury are reduced. 1/20th incident rate of fire too....
@@Matty12333 My vehicle is a 25 year old Discovery 2- 313,00 miles to date and still going strong on its original chassis and original untouched engine. Maintain it myself and the spares are mostly pretty cheap. When the chassis rots out,I'll fit a galvanised one-all standard stuff. I hate new cars-full of expensive to repair,pointless elecshittery! And I still enjoy driving it! Better still,more money to spend on my hobbies😂
@@jgreen9361 Glad to know. Still I believe that governments should push manufacturers to make their car repairable without getting a mortgage or selling an organ, or getting a new car. Also to me, Insurance companies are sharks, and always find their way to jack-up primes.
@@lontarian2228 insurance and repair are not as simple as the EV v ICE debate tries to make out. Plastic screen wash bottle for a Honda jazz is 20 times cheaper than the same item for a Honda CRX. Smaller production runs don’t get third party suppliers excited enough to enter the market. Third party suppliers not only provide a cheaper alternative, it forces the manufacturer to lower the prices of their spares. Tesla have a strangle hold on their spare parts supply chain. That will continue until they start to see it being an issue that effects sales. Offering cheaper spare parts and repair costs also lowers insurance premiums. I predict that loosening supply chains and lowering repair and insurance costs is going to be an important tactic that we may well see being used as more competition enters the EV market.
The reason for going electric is to stop us humans breathing in the unavoidable horrendous airborne class one carcinogens as a petrol or diesel vehicle drives past people on pavements every day .Forty thousand Brits die every year via lung cancer , kidney cancer and heart disease -five thousand deaths in London and Glasgow per city alone thanks to vehicle exhausts . You will know your area - think how many schools are right by very busy roads in your town or city -those exhausts are very damaging to the developing lungs of children . Worldwide - an estimated five million people die due to petrol and diesel exhausts - every year .
The bigger the risk the larger the premium, seems entirely fair to me. See EVcarnages latest video , Tony shows a clip from a sheriff spelling out the battery problem.
TBH if you own a car thats difficult to repair then suck it up or sell up. Anyone who's ever owned a performance car takes a hit, even with good driver history. Honestly whilst EVs might be the future I really don't ever want to own one.
All modern cars are designed for ease of manufacture rather than ease of service and repair. It is an industry wide problem, although EVs have particular issues.
A guy I work with bought a tesla model S his insurance is £1500 and he pays £30 a week on average (at a charge point) to fully charge it so there is no saving to be made over petrol or diesel and as you've just pointed out if involved in an accident they're more expensive to repair/replace.
They need easily removable modular battery packs. Perhaps each pack about 10KWH. This way they can be easily removed, tested and replaced if required to do so.
THis was my arguement 15 years ago, ev car owners should not own the battery with the car, it should be a separate item which you pay for on a rental charge agreement. You go into a filling station, the exhausted battery is battery is removed and a fresh battery is replaced, and off you go in 10 minutes, and so on, no charging stations. If the battery fails then you don't pay for the full replacement, you just keep going to the filling station and get a freshly charged battery.
I agree. In addition, should be possible to repair these modules. The cells and assorted bits should be possible to repair. Test equipment should be available, procedures documented. We've seen how companies - Apple and John Deere are bad at this - often attempt to make repair impossible. The law will have to outlaw this.
All of this extra expense that will increase premiums on all types of vehicles and mainly due to the goverments insistance on us all buying EV's. How will the EVangalists react, sadly some will just pay the extra whilst others will never buy another. Todays cars are not designed to be repaired, and that includes replacing parts on all types, not just EV's. Keep hold of your older ICE cars as long as you can, the latest ones made from recycled plastic are not going to last the same length of time.
@@OM617a Thank you, i bought my Toyota Avensis brand new in 2018, one of the last ones made and other than normal wear and tear items it has needed nothing.
@@OM617a Thanks, 56 years ago Mercedes were made to a very high standard, sadly today the accountants have taken over and they are no longer designed to last. At least we can rely on our cars and not worry about finding a working charger.
Why are they dangerous? In the UK between 2022-2023 239 EVs caught fire. In the same period 100,00 petrol/diesel cars caught fire. ICE cars are 29% more likely to catch fire than EVs. Facts are facts.
They are expensive to buy, expensive to insure, expensive to run unless you can charge from your house, expensive to repair and all will be scraped when the battery expires…..oh and they aren’t as green as they propose, biggest government led disaster ever, they need to wake up, admit they got it wrong and let industry clean up our current ICE cars.
@@stevensmith8876 it’s not working. There have been more registered cars on the road in the U.K. each year since at least 1994, every year except 2020. So, “they” aren’t succeeding, whoever you think “they” are, but keep your tin foil hat just in case you need it.
@@irenerosenberg3609 - a bit far fetched. Although, any EM pulse would disable all cars ICE as well since the mid-1980's onwards (ECU's are not immune).
@@irenerosenberg3609- they don’t even need a EM pulse, which would take out anything with unshielded electronics. EVs are heavily computerised - and connected to the internet all the time. They just need a shutdown command.
@@stevensmith8876 so you think owning an EV which can be charged at home, which requires far less reliance on corporate legacy auto or oil cartels is path to a loss of liberty?
It won't be long before building/property Insurance for blocks of flats with parking increases or bans EVs being charged (maybe even parked) in on-site/underground car parks...
This will also penalize most newer cars. The makers have been optimizing ease of manufactory with little consideration for repair. This might encourage them to consider repair as a possibility. But it will take a decade or more for this to reach us.
I doubt it will have much impact on company cars, where most of the market for EVs seems to exist. Just wait for the idiot Ed Milliband to weigh in with some crazy subsidy for green insurance, funded by the tax payer.
The changes themselves make insurance costs heavily benefit simple older cars where spares are prevalent which will reduce the frequency of product changes and improvements. On the other hand regulators are encouraging active safety features which reduce repairability (expensive headlights, sensors, cameras, etc). So it will probably be a wash.
EVs...yes the demise of legacy auto but also the lowering of incident rate of road trauma and vehicle fires. The lowering of incident rate of disease caused by tailpipe pollution. The benefit of homes being able to use EV battery in a grid outage.
This is insurance theory, it will trickle towards home and property insurance if it hasn’t already. The insurance companies will be adding home charging and the associated risks to premiums. And more frightening is those that live next to someone (semi detached homes) that charge their EVs could potentially affect those that don’t own an EV. It’s food for thought for sure.
They will be very good changes if they reduce the amount of EVs sold, which it will if the prices go up by much. My 20 year old peugeot cost £200 for insurance this year, £40 MOT which it passed, 600 miles on a single £80 tank of fuel. Im good
The insurance companies are always looking for ways to make more profit this is just another excuse to rise premiums. For example Aviva (U.K.) 2023 profits were £1467 million! Up 9% from the previous year! I have a Polestar 2. I’ve been driving since 1989 have 15 years plus no claims and my premium this year was £672 paying monthly. Expensive yes but I agree with most out there if you want an EV pay for it.
From a safety perspective one is all for ev’s to be priced out of existence in there present form but I don’t agree with none ev owners stomping up the extra cash to cover their inflated insurance premiums,let the government decide if they want to pay for the extra charge as they are the ones driving the EV market take up although it’s not evident in most of public elected representatives of parliament or others pushing these potential death traps,whom is going to be accountable for any deaths caused by these decisions to push sales of EV vehicles.
IF ITS THE CURRENT MODEL, IT MAY BE BECAUSE IT HAS A WELL KNOWN SECURITY FLAW WHICH MAKES IT EASIER TO STEAL. THERE IS A DEALER FIX BUT YOU HAVE TO ASK THEM.
I don't think the real cost of insuring an EV will be paid for by the EV owner, it'll be all EV, ICE and even home owners who will all be expected to chip in.
Car values appear to have dropped, especially used cars, surely that is a reduction in risk however premiums still increase year on year significantly in recent years, why is that i ask myself......Why is it when you use a variety of different car insurance sites online do they all quote the same price yet ask different questions about your car ? Strikes me we have a cartel, scenario that should be investigated. Insurance is a licence to print money here in the UK regardless of what you drive................
i just changed my car a few weeks ago, i went from a bmw 2002 320i tourer which cost me around £380.00 to insure for the year to a bmw 320i gt 2014 which upped to a whopping £990.00 per year, i have noticed that the insurance has been going up and it would be nice not to have to pay for the ev madness that is any damage to the battery casing will be a write off. i have heard that on top of this they want to test the battery casings on ev's to see what damage the can sustain before a failure, seems like a good idea seeing as some are driving them around on the roads..
EV’s should be put in a totally separate category for car insurance. Ref battery technology moving forward lithium is on the way out and new materials are coming onto the market soon ie, sodium iron powdered batteries being one design. They apparently do not have a thermal runaway situation and heavily fused.
Wait 'til 2030/35 when ALL new cars are supposed to be EV only. There will be less and less ICE cars around as time goes on. What do you think the insurance rates will be then when almost all accidents result in multiple write-offs?
so they can take longer to repair than internal combustion engine vehicles just goes to show that charging isn't the only waiting around faff you get with an EV
Still takes more barrels of oil to manufacture a new Ev than I'll ever burn driving a second hand petrol car Also the damage to environment for the manufacturing of EV batteries has to to be a lot more harmful than small petrol engines
I would like assurance from the ABI that I / we (drivers of ICE vehicles) are emphatically not subsidising the risk of other people who choose to buy an EV. My premium should reflect my car’s repair costs, my driving record, its usage, where I live and where my car is parked. In other words, I expect to pay a cost reflective of my choices. I don’t expect to pay or contribute towards other road users’s claims cost because of choices they’ve made.
You have to be either out of your mind, or have a death wish, to drive an EV. And, you have to be out of your mind if you are a car insurer and you insure EVs. I'm calling my car insurer right now to determine if they underwrite EVs, and if so, whether EVs are in a separate risk category. I'm in the USA.
Any news on the "diesel" that caused the Luton airport fire ? We will all be paying for the enormous cost come next renewal - something tells me we are paying for other peoples mistakes...
Insurance costs should relate to item/vehicle/person/risk/repairability AND NOT carried by what we know as NORMAL EVERY DAY risks paying VERY OVER THE TOP premiums so that high risk DO NOT have to pay the appropriate rate that goes with the 😱😱😱😱😱😱 high risks assossiated with said items/vehicles/persons .
The 'repairability' is likely to hit all cars 3 years or older because most are uneconomic to repair even with fairly minor damage. This will be just another excuse to raise premiums and get older cars off the road.
The insurance for ICE vehicle drivers has skyrocketed due to these ridiculous bloated, overpriced 'milk floats'. Let the evangelical drivers of these things pay the premiums they should be paying, and bring the insurance costs for ICE drivers down to the levels they should be. I am fed-up of subsidising EV's.
If this new system makes things fairer, with regard to EV's paying their fair share for a change then I am all up for it. However it will likely result in all premiums going up.
As an ex panel beater would you like to chance working on a milk float?there is still has residual electric in the car ,as 240 volts in the household circuits may hit you hard enough to sit you down in the middle of the house,how about working on 330 volts ? You might want to MIght want to not me !!
If an insurance company stopped insuring ev,s and kept non ev cars premiums as they were, that company would get all non ev insurance customers. No doubt Starmer would make it illegal though.
Although this is about car insurance, I wonder whether these difficulties will also occur in the PSV trade. After all, some of the large bus companies have recently advertised their intention to switch to battery electric, along with the manufacturer Wright (wrightbus), with it’s factory based in NI.
To be fair ice cars are getting written off for ridiculous small amounts of damage and if air bags go off it’s finished they also don’t want long repairs and pay for curtesy cars , so that’s insurance for you.
I drive a small petrol car and LV tried to put my insurance up over 80% last year. I have full NCD, No offences and No accidents. I just went to another company and paid £2 more than the year before. They are trying to spread the risk for the EV's.
Salary sacrifice is the way to go with insurance added into costs - £450/m for new Polestar 2 performance with insurance and 3yrs servicing. Much cheaper than my previous Ioniq 5 and has over 470hp. Good of you can get it.
Rapidly depreciating, too. Putting many underwater (debt wise) on the car. Even if the insurer honors their end-highly unlikely-the owner will still owe the bank-alot.
I've heard EV owners being quoted upwards of £4k to insure when their previous petrol car was £400 Some insurers just won't insure. All that is going to happen is that we will revert to the 1950's with about 10 million cars on the road instead of 35 million over the next 10 years which is all in the plan. The working person on average income will not be able to afford the motor car. EV depreciation is so high that PCP costs will be £1000 a month too compared to £300 for an average petrol car. The insurance industry will lose 60% of their customers and try to compensate by charging the remaining drivers even more.
Mate I live in Australia now and the issues are just the same when it comes to insuring vehicles per'se and you cannot blame them for hiking up the premiums on EV's. Now this brings me onto my personal grind at the moment - the fact that insurance companies have not done any research on the insurance of the building beit your home and contents, work parking sites, public bulding such as hospitals etc, and any form of public parking buildings/spaces. This will mean wherever EV's can be parked at charging or not any damage will be usually catastrophic to the insured structures. So just wait until the claims come pouring in for the affected structure/s because we already pay obscene amounts of money for the insurance of let's say one's house as it is and many just cannot afford it at all. This is badly being missed by the insurance companies who will rain down premiums beyond any affordabilty to the insured.
The WEF plan is to limited how many people own cars and motorcycles. Ill never buy any car that requires to be plugged in. I regular petrol-hybrid makes sense. At the moment, my ICE cars are fit for purpose.
We have been subsidy on these EV.s for few years why if they want them make them pay the full wack my Honda Jazz insurance max no claims mature driver hicked up over £125 this year
When you build an EV which does 0-60 in 4 seconds the insurance will be high. Fir example, some Tesla’s are marketed as family cars but are faster than traditional sports cars (at least in a straight line).
EV drivers should reap the benefit of their increased insurance costs and not all drivers, well they have had big incentives to go for EV's so they should be able to cover these extra costs
To see how easy it is to repair EV electronics after a few years try to buy an Intel pentiumIII. I bought electronic ignition parts for my 61 year old split window VW kombi last week 😀
Yea we’re paying for expensive EV write offs but we’re also paying back for things like the Airport multi storey car park fire and the ship full of cars which burned at sea. The underwriters will recoup for the ordinary person rest sssured.
Another FUD article from the Telegraph, note the word "could"! Batteries can be repaired and re-conditioned, shops are opening up all the time. Tesla can replace batteries in the very rare case when it needs to happen with cheaper re-conditioned batteries. Take anything the reactionary, extremist Torygraph says with a pinch of salt. LFP batteries are the safest, very unlikely to catch fire. Most EVs have at least 6 to 12 inches of side impact protection. In future it should be possible to take out a battery from an existing car, find defective cells and replace them.
EV technology has been rushed out before it is tried, tested and ready for the market. There is no doubt that we will see a change in the way vehicles are powered, but at the moment the wet cell battery technology hasn’t reached that point. Toyota’s new dry cell batteries may go someway to provide the solution, or perhaps hydrogen hybrids will come into play. We have not reached the point where EVs are useful sustainable vehicles, the only reason main stream manufacturers are producing EVs is to meet government imposed targets.
So what changes? Fancy (expensive to repair) cars were always dearer to insure but insurance companies, not known to miss a trick, will doubtless cash in on the opportunity to weld a bit more onto everyone's premium.
So all drivers of non-EV vehicles are effectively subsidising EV drivers !
Precisely 👍
Brilliant. I’m going to buy an EV and get my insurance subsidised ….
Not exactly, the entire insurance model has recently buckled due to ALL cars being considerably more complex than they used to be. And typically one of the biggest failures has been electrical issues.... In ice cars.
@@slincolne I would say this is no longer the case. All three of my policies this year have dropped by a good amount.
@@M0j0 EVs don't have electrical issues?
I understand why EVs have a lot of rising insurance costs but my Insurance for my 2.0 TDi VW Passat CC was £329 last November. This year my quote was £873! despite being 64 years old, 6 years no claims with 45 years driving experience. Eventually the cheapest I could find was £599.00 with Saga! I have never paid anything like this in my life.
Have you moved house, changed your job, increased your annual milage and passed a certain age your age works against you with car insurance!
@@fg-pv5htit’s because insurers spread their risk and costs over all of us EVs are very expensive and very easy to write off and expensive to fix the more of them there are the more our premiums will rise. Hopefully they will categorize them on there own and give the rest of us a break
Older drivers are also being targeted. Some might say to get us to give up driving.
The insurance on my Subaru Legacy has also gone up this year from £142 to £144!
I just renewed the insurance on my Suzuki Swift it was £230 last year but i got 35 quid cash back. The renewal came in from Ageas at £192 so I just stayed with them as I couldn’t get anywhere as close to what they were offering. Nothing had changed in my circumstances so I was quite surprised as everyone seems to be jumping up considerably.
I love my gas guzzling 1.0 micra, it’s 30 years old next year and still going strong 😂
For my brother's renewal. BMW i4 M50, cheapest £6k. One company no longer insures EV's
WOW!
That insurance company was going in dry.
@@WheelieMacBin another company wanted £10
Peugeot 107, £138 insurance, 58mpg, in 3 years and 29000mls - front brake pads, new rear wiper, 1 brake light bulb. Says it all !
Kia E-Niro £440 insurance £5.76 to do 310miles 3 years 3 months 28000 miles no repairs, says it all !
@@graham5649 Good economics , only comment , look at depreciation / resale value. The 15 year old Peugot has dropped £400 in the 3 years and I paid £ 2900 for it with 57k miles on the clock, Any how, Good luck.
Hyundai Kona EV 72 Plate:
First service -£52
Second Service -£ 68
Third service - £108
MOT- £52.55
I’m still driving a 2004 vehicle. I like the idea of EV. However, if you talk to the vehicle repairers, headlights as an example are a ridiculous price now. I was told an E-Class Merc headlight unit is £5k as it has all the funky directional crap. Another repairer told me a Ford Focus with steering headlights £1k. The problem is ALL new cars are a joke to repair with this extensive technology burden. The industry needs a complete rethink. We need comfortable safe transport, not gimmicks. Easy to blame all on the powertrain. Gimme a simple EV please, I’ll buy it!
@@C-Fury_LTD - this goes in cycles and occured even before EV's were on the scene. New technology is priced high for replacements initially then comes down in price over time. With LED headlights, particularly the matrix type, the bill of meterials and construction costs are not that significant overall; the market is pricing them at a permium currently - this will change as they become universal. However, there needs to be pressure from right-to-repair and recycling legislation to make all lights more modular so the housing doesn't have to be replaced along with the LED array.
Insurance is the biggest Con in the world.
THE ORIGINAL GANGESTER
I would say that EV’s are the biggest con in the world
I forgot , no second hand value !
I forgot, you need new tyres every 18 months
@@GlowingTube I happened to walk past a 73 plate MG4 the other day. I was casually looking down, and saw 4 almost bald tyres. Sure, the owner could be someone who drives 30k miles a year, but none the less, 4 bald tyres on a 12 month old car.
They have a second hand value as a really nice bonfire or a fancy planter
@@GlowingTube The average mileage of U.K. drivers is c8000 miles. An EV tyre last approximately 30 to 40 thousand miles (depending on driving style) So, on average an Ev owner will need to replace their tyre once every FOUR years or more! Not every 18 months. They are more expensive than tyres for ICE cars because they are designed for the purpose, if you use cheap ICE tyres on an EV then possibly your FUD ‘fact’ about 18 months might be correct. Still, like all EV Luddites, facts and statistics don’t really matter, do they?
@@geoffersvoiceofreason2534 oh come on… can’t I have a bit of fun? Your assessment is entirely reasonable. 😀
An insurance insider said ALL cover has gone up because of the cost of EV claims and write offs.
I can well believe it. I see many very late model cars written off due to what would normally be contacted minor damage. It’s a crime to scrap these cars but sadly unavoidable.
Yeah, sure he did…
@@nathansmith7153 You can find sense, sober people like Patrick Boyle talking about this. Hertz are moving away from EVs in part (not whole, part) because of the excessive repair costs. I think EVs are fantastic in principle but the battery tech needs a wholesale revolution.
That is correct , we have to pay for these eco fools ev fire death traps
Insurance companies always find the way to rip-off everyone, one way or the other.
Insurance companies know how Dangerous EVs are, they deal with it everyday. So prices go up, and up
Just insured my new EV, Cheaper than my countryman was.
Yes they know how little danger EV's represent, lower fire risk, higher reliability etc., plus CAP HPI has released data that EV's are less likely to be written off than ICE cars. The net result is EV and ICE insurance premiums are equalising, with EV coming down in cost and ICE going up.
When the UK Government first said that ICEV sales would stop in 2030, I said to my insurance company that they should have two separate budgets for ICE and EV's, so as to assess claims costs for each type of vehicle and not overcharge one type or the other, so I am pleased that this new system is being proposed, especially after seeing my ICEV insurance almost double in one year, without any claim.
Why should other owners carry the burden of ev repairs . They are not really fit for purpose . How can scrapping a vehicle with just the underside slightly damaged be good for the environment !!!!!
It would probably be the same situation on a ICE car
@@chrishart8548it wouldn’t though would it. You can replace and exhaust system reasonably cheaply. which would be the parts likely damaged on a ice vehicle in that same situation
Slight damage to a ev underside holds battery compartment so they write off
@@darrenbrassington7364
slight damage to plastic petrol tank incinerates occupants.
A few litres of water entering the air intake writes off engine.
Software defined vehicles enable FREE ota upgrades at regular intervals.
Massive strength of floor provides superior crash protection and reduces likelihood of a rollover. Insurance costs related to personal injury are reduced.
1/20th incident rate of fire too....
So happy to drive a 14 year old, Ford fiesta!
Me too but what happens when our old runabouts need replacing, what do we replace them with?
@@TryDiyanother one 👀🧐
@@markswales762 I know but they're becoming harder to find and those that are available are more expensive than before.
@@Matty12333 My vehicle is a 25 year old Discovery 2- 313,00 miles to date and still going strong on its original chassis and original untouched engine. Maintain it myself and the spares are mostly pretty cheap. When the chassis rots out,I'll fit a galvanised one-all standard stuff.
I hate new cars-full of expensive to repair,pointless elecshittery!
And I still enjoy driving it! Better still,more money to spend on my hobbies😂
That's one important reason why EVs are failing. Even if It is not affordable to buy, then it's too expensive to maintain.
@@lontarian2228 one third of the maintenance cost of an ICE car over its life time, but don’t let the facts get in the way of a good tag line.
@@jgreen9361an ice vehicle will live twice as long if looked after
@@jgreen9361 Glad to know. Still I believe that governments should push manufacturers to make their car repairable without getting a mortgage or selling an organ, or getting a new car. Also to me, Insurance companies are sharks, and always find their way to jack-up primes.
@@lontarian2228 insurance and repair are not as simple as the EV v ICE debate tries to make out. Plastic screen wash bottle for a Honda jazz is 20 times cheaper than the same item for a Honda CRX. Smaller production runs don’t get third party suppliers excited enough to enter the market. Third party suppliers not only provide a cheaper alternative, it forces the manufacturer to lower the prices of their spares. Tesla have a strangle hold on their spare parts supply chain. That will continue until they start to see it being an issue that effects sales. Offering cheaper spare parts and repair costs also lowers insurance premiums. I predict that loosening supply chains and lowering repair and insurance costs is going to be an important tactic that we may well see being used as more competition enters the EV market.
@@jgreen9361 Thanks man ! I learned something new
I bet the cost goes up for ev owners on the coast now too,,,,,,🤣🤣🤣🤣🤣🤣🤣🤣🤣
Stop buying these battery cars and all our problems will be gone. Simple
The reason for going electric is to stop us humans breathing in the unavoidable horrendous airborne class one carcinogens as a petrol or diesel vehicle drives past people on pavements every day .Forty thousand Brits die every year via lung cancer , kidney cancer and heart disease -five thousand deaths in London and Glasgow per city alone thanks to vehicle exhausts .
You will know your area - think how many schools are right by very busy roads in your town or city -those exhausts are very damaging to the developing lungs of children .
Worldwide - an estimated five million people die due to petrol and diesel exhausts - every year .
The bigger the risk the larger the premium, seems entirely fair to me. See EVcarnages latest video , Tony shows a clip from a sheriff spelling out the battery problem.
Yes, but EV repair costs have pushed up premiums for combustion cars as well.
Awwwwwwwwwwwwwwww Poor EV owners, Shuda bought a diesel!! OH well their problem so nevermind....
I bought a Chinese EV, had a front shunt, got it fixed fine. Would never go back to an ice car.
@@waltermcphee3787 Yeah ok your choice and that is what it should be...
Until they clad the battery in a Double skinned honeycomb construction that’s virtually indestructible there is no hope.
Or easily replaceable, universal batteries.
TBH if you own a car thats difficult to repair then suck it up or sell up. Anyone who's ever owned a performance car takes a hit, even with good driver history. Honestly whilst EVs might be the future I really don't ever want to own one.
All modern cars are designed for ease of manufacture rather than ease of service and repair. It is an industry wide problem, although EVs have particular issues.
NOT THE FUTURE
Plus extra space needed when evs go in for repairs much more space, much bigger workshops more investment, higher prices, so it goes on .
You could say that when we went from the pushbike to the car.
A guy I work with bought a tesla model S his insurance is £1500 and he pays £30 a week on average (at a charge point) to fully charge it so there is no saving to be made over petrol or diesel and as you've just pointed out if involved in an accident they're more expensive to repair/replace.
They need easily removable modular battery packs. Perhaps each pack about 10KWH. This way they can be easily removed, tested and replaced if required to do so.
THis was my arguement 15 years ago, ev car owners should not own the battery with the car, it should be a separate item which you pay for on a rental charge agreement. You go into a filling station, the exhausted battery is battery is removed and a fresh battery is replaced, and off you go in 10 minutes, and so on, no charging stations. If the battery fails then you don't pay for the full replacement, you just keep going to the filling station and get a freshly charged battery.
I agree. In addition, should be possible to repair these modules. The cells and assorted bits should be possible to repair. Test equipment should be available, procedures documented.
We've seen how companies - Apple and John Deere are bad at this - often attempt to make repair impossible. The law will have to outlaw this.
All of this extra expense that will increase premiums on all types of vehicles
and mainly due to the goverments insistance on us all buying EV's.
How will the EVangalists react, sadly some will just pay the extra whilst
others will never buy another.
Todays cars are not designed to be repaired, and that includes replacing parts
on all types, not just EV's.
Keep hold of your older ICE cars as long as you can, the latest ones made from recycled
plastic are not going to last the same length of time.
@@OM617a Thank you, i bought my Toyota Avensis brand new in 2018, one of the last ones made
and other than normal wear and tear items it has needed nothing.
@@OM617a Thanks, 56 years ago Mercedes were made to a very high standard, sadly today
the accountants have taken over and they are no longer designed to last.
At least we can rely on our cars and not worry about finding a working charger.
Also the WEF are getting insurance Cos to price cars off the road .
Exactly they don’t want us travelling.
Because they're extremely dangerous and a throw-a-way car
Why are they dangerous? In the UK between 2022-2023 239 EVs caught fire. In the same period 100,00 petrol/diesel cars caught fire. ICE cars are 29% more likely to catch fire than EVs. Facts are facts.
Two false statements.
@@amracewaydangerous to the livelihoods of legacy auto if they don't move with the times ...
They are expensive to buy, expensive to insure, expensive to run unless you can charge from your house, expensive to repair and all will be scraped when the battery expires…..oh and they aren’t as green as they propose, biggest government led disaster ever, they need to wake up, admit they got it wrong and let industry clean up our current ICE cars.
"They" want the average person to not be able to own a car, and so this is how they are doing it.
@@stevensmith8876 it’s not working. There have been more registered cars on the road in the U.K. each year since at least 1994, every year except 2020. So, “they” aren’t succeeding, whoever you think “they” are, but keep your tin foil hat just in case you need it.
Or, they want to be able to control those who do drive. An EM pulse could be emitted to disable all EVs.
@@irenerosenberg3609 - a bit far fetched. Although, any EM pulse would disable all cars ICE as well since the mid-1980's onwards (ECU's are not immune).
@@irenerosenberg3609- they don’t even need a EM pulse, which would take out anything with unshielded electronics. EVs are heavily computerised - and connected to the internet all the time. They just need a shutdown command.
@@stevensmith8876 so you think owning an EV which can be charged at home, which requires far less reliance on corporate legacy auto or oil cartels is path to a loss of liberty?
It won't be long before building/property Insurance for blocks of flats with parking increases or bans EVs being charged (maybe even parked) in on-site/underground car parks...
And, EVs are the future🤔............
Future, my arse 😂
They sure are I love mine
@@graham5649snap. Most of the critics have never even sat in one.
@@sandwichbar8226 Tried one already or just got a natural prejudice towards them?
Maybe the local councils will have to take the speed bumps out. 😅😂
Good ev's are dodgy ,o,o,o,u, 1} over priced 2}over weight 3}over perform 4}under range ! CASE CLOSED !
What’s your actual experience with EVs?
This will also penalize most newer cars. The makers have been optimizing ease of manufactory with little consideration for repair. This might encourage them to consider repair as a possibility. But it will take a decade or more for this to reach us.
I doubt it will have much impact on company cars, where most of the market for EVs seems to exist.
Just wait for the idiot Ed Milliband to weigh in with some crazy subsidy for green insurance, funded by the tax payer.
Or legislation to force the costs onto ICE owners
The changes themselves make insurance costs heavily benefit simple older cars where spares are prevalent which will reduce the frequency of product changes and improvements. On the other hand regulators are encouraging active safety features which reduce repairability (expensive headlights, sensors, cameras, etc). So it will probably be a wash.
Lol…pay sheep…pay 🤣🤣🤣
EVs, the demise of the car industry 🚘
It was either that or demise by Chinese cars. They'll sell us petrol cars if that's what we want.
EVs...yes the demise of legacy auto but also the lowering of incident rate of road trauma and vehicle fires. The lowering of incident rate of disease caused by tailpipe pollution. The benefit of homes being able to use EV battery in a grid outage.
This is insurance theory, it will trickle towards home and property insurance if it hasn’t already. The insurance companies will be adding home charging and the associated risks to premiums. And more frightening is those that live next to someone (semi detached homes) that charge their EVs could potentially affect those that don’t own an EV. It’s food for thought for sure.
If they are not repairable and written off what happens to them? Scrapped? I'm told the batteries are still difficult to recycle
They will be very good changes if they reduce the amount of EVs sold, which it will if the prices go up by much. My 20 year old peugeot cost £200 for insurance this year, £40 MOT which it passed, 600 miles on a single £80 tank of fuel. Im good
The insurance companies are always looking for ways to make more profit this is just another excuse to rise premiums. For example Aviva (U.K.) 2023 profits were £1467 million! Up 9% from the previous year! I have a Polestar 2. I’ve been driving since 1989 have 15 years plus no claims and my premium this year was £672 paying monthly. Expensive yes but I agree with most out there if you want an EV pay for it.
My original quote this year was £650 for a 10+ year old TDI SEAT which I was able to reduce to £440, so you got a good deal.
Take all EV crap off the road!!
No wonder they are not selling. They are Lemons.
From a safety perspective one is all for ev’s to be priced out of existence in there present form but I don’t agree with none ev owners stomping up the extra cash to cover their inflated insurance premiums,let the government decide if they want to pay for the extra charge as they are the ones driving the EV market take up although it’s not evident in most of public elected representatives of parliament or others pushing these potential death traps,whom is going to be accountable for any deaths caused by these decisions to push sales of EV vehicles.
Our RAV4 insurance has gone up 34% in a year despite very long NCB and being in a rural area in my 60s. Horrifying
IF ITS THE CURRENT MODEL, IT MAY BE BECAUSE IT HAS A WELL KNOWN SECURITY FLAW WHICH MAKES IT EASIER TO STEAL. THERE IS A DEALER FIX BUT YOU HAVE TO ASK THEM.
I was paying £44 a month last year for my 4.4L V8 this year £155 for 3L
All insurance premiums are sky high no matter what type of vehicles they are
I don't think the real cost of insuring an EV will be paid for by the EV owner, it'll be all EV, ICE and even home owners who will all be expected to chip in.
I was gonna change my immaculate 25 year old Alfa GTV for an EV but now I think I'll just keep the Alfa.
Car values appear to have dropped, especially used cars, surely that is a reduction in risk however premiums still increase year on year significantly in recent years, why is that i ask myself......Why is it when you use a variety of different car insurance sites online do they all quote the same price yet ask different questions about your car ? Strikes me we have a cartel, scenario that should be investigated. Insurance is a licence to print money here in the UK regardless of what you drive................
There is a place for EV’s but to force them on people is the usual madness we expect these days
There is certainly a place for EV's, the local landfill site.
We should send insurance companies to Roooooooooowanda.
i just changed my car a few weeks ago, i went from a bmw 2002 320i tourer which cost me around £380.00 to insure for the year to a bmw 320i gt 2014 which upped to a whopping £990.00 per year, i have noticed that the insurance has been going up and it would be nice not to have to pay for the ev madness that is any damage to the battery casing will be a write off.
i have heard that on top of this they want to test the battery casings on ev's to see what damage the can sustain before a failure, seems like a good idea seeing as some are driving them around on the roads..
Yet again, subsidising EVs to carry on with the Net zero zealotsy.
EV’s should be put in a totally separate category for car insurance. Ref battery technology moving forward lithium is on the way out and new materials are coming onto the market soon ie, sodium iron powdered batteries being one design.
They apparently do not have a thermal runaway situation and heavily fused.
Car insurance should be called CIVIL liability insurance or LAWYER fee insurance, because those "costs" often are greater than "car replacement" .
Wait 'til 2030/35 when ALL new cars are supposed to be EV only. There will be less and less ICE cars around as time goes on. What do you think the insurance rates will be then when almost all accidents result in multiple write-offs?
so they can take longer to repair than internal combustion engine vehicles just goes to show that charging isn't the only waiting around faff you get with an EV
Still takes more barrels of oil to manufacture a new Ev than I'll ever burn driving a second hand petrol car
Also the damage to environment for the manufacturing of EV batteries has to to be a lot more harmful than small petrol engines
Where’s that Dominic guy from the comments ?
He’s always good for a laugh , delusional wokist 😂
Since insurance is mandatory, an uninsurable car can’t be driven? Or we are only talking about full coverage insurances?
My patrol XC40 has stayed the same for the last 2 years (renewed in August) we were surprised
I would like assurance from the ABI that I / we (drivers of ICE vehicles) are emphatically not subsidising the risk of other people who choose to buy an EV. My premium should reflect my car’s repair costs, my driving record, its usage, where I live and where my car is parked. In other words, I expect to pay a cost reflective of my choices. I don’t expect to pay or contribute towards other road users’s claims cost because of choices they’ve made.
What’s the point in saving the world if no one can afford to live in it 😂😂😂
So let's torch the world then
Some logic that.
EV's catch fire even without any impact damage ⚠️🔥🔥
You have to be either out of your mind, or have a death wish, to drive an EV. And, you have to be out of your mind if you are a car insurer and you insure EVs. I'm calling my car insurer right now to determine if they underwrite EVs, and if so, whether EVs are in a separate risk category. I'm in the USA.
Any news on the "diesel" that caused the Luton airport fire ? We will all be paying for the enormous cost come next renewal - something tells me we are paying for other peoples mistakes...
Not just car insurance, home insurance will increase including if you live next to an EV owner.
Insurance costs should relate to item/vehicle/person/risk/repairability AND NOT carried by what we know as NORMAL EVERY DAY risks paying VERY OVER THE TOP premiums so that high risk DO NOT have to pay the appropriate rate that goes with the 😱😱😱😱😱😱
high risks assossiated with said items/vehicles/persons .
Since servicing and repair being almost unobtainable it's the insurance that pays out instead of warranty.
Luckily the Chinese build to surplus.
The 'repairability' is likely to hit all cars 3 years or older because most are uneconomic to repair even with fairly minor damage. This will be just another excuse to raise premiums and get older cars off the road.
The insurance for ICE vehicle drivers has skyrocketed due to these ridiculous bloated, overpriced 'milk floats'. Let the evangelical drivers of these things pay the premiums they should be paying, and bring the insurance costs for ICE drivers down to the levels they should be. I am fed-up of subsidising EV's.
If this new system makes things fairer, with regard to EV's paying their fair share for a change then I am all up for it. However it will likely result in all premiums going up.
As an ex panel beater would you like to chance working on a milk float?there is still has residual electric in the car ,as 240 volts in the household circuits may hit you hard enough to sit you down in the middle of the house,how about working on 330 volts ? You might want to MIght want to not me !!
In the last 3 years insurance costs doubled in my country. I personally had no accidents or claims. I wonder why that is… :/
If an insurance company stopped insuring ev,s and kept non ev cars premiums as they were, that company would get all non ev insurance customers. No doubt Starmer would make it illegal though.
Although this is about car insurance, I wonder whether these difficulties will also occur in the PSV trade. After all, some of the large bus companies have recently advertised their intention to switch to battery electric, along with the manufacturer Wright (wrightbus), with it’s factory based in NI.
Hard to control fire - that's exactly what our society needs ! ! !🤣🤣🤣
To be fair ice cars are getting written off for ridiculous small amounts of damage and if air bags go off it’s finished they also don’t want long repairs and pay for curtesy cars , so that’s insurance for you.
i've been predicting this for ages.
I drive a small petrol car and LV tried to put my insurance up over 80% last year. I have full NCD, No offences and No accidents. I just went to another company and paid £2 more than the year before. They are trying to spread the risk for the EV's.
Salary sacrifice is the way to go with insurance added into costs - £450/m for new Polestar 2 performance with insurance and 3yrs servicing. Much cheaper than my previous Ioniq 5 and has over 470hp. Good of you can get it.
Rapidly depreciating, too. Putting many underwater (debt wise) on the car. Even if the insurer honors their end-highly unlikely-the owner will still owe the bank-alot.
you can call your present insurance company on the phone. they will give you a cheaper deal if they think they will lose a customer. good luck
I've heard EV owners being quoted upwards of £4k to insure when their previous petrol car was £400 Some insurers just won't insure. All that is going to happen is that we will revert to the 1950's with about 10 million cars on the road instead of 35 million over the next 10 years which is all in the plan. The working person on average income will not be able to afford the motor car. EV depreciation is so high that PCP costs will be £1000 a month too compared to £300 for an average petrol car. The insurance industry will lose 60% of their customers and try to compensate by charging the remaining drivers even more.
Mate I live in Australia now and the issues are just the same when it comes to insuring vehicles per'se and you cannot blame them for hiking up the premiums on EV's. Now this brings me onto my personal grind at the moment - the fact that insurance companies have not done any research on the insurance of the building beit your home and contents, work parking sites, public bulding such as hospitals etc, and any form of public parking buildings/spaces. This will mean wherever EV's can be parked at charging or not any damage will be usually catastrophic to the insured structures. So just wait until the claims come pouring in for the affected structure/s because we already pay obscene amounts of money for the insurance of let's say one's house as it is and many just cannot afford it at all. This is badly being missed by the insurance companies who will rain down premiums beyond any affordabilty to the insured.
The WEF plan is to limited how many people own cars and motorcycles. Ill never buy any car that requires to be plugged in.
I regular petrol-hybrid makes sense.
At the moment, my ICE cars are fit for purpose.
We have been subsidy on these EV.s for few years why if they want them make them pay the full wack my Honda Jazz insurance max no claims mature driver hicked up over £125 this year
Makes the trains more affordable. Trains are a luxury travel now. Wanted to go to London, . Got to station £170 each. Wec walked out , never went.
When you build an EV which does 0-60 in 4 seconds the insurance will be high. Fir example, some Tesla’s are marketed as family cars but are faster than traditional sports cars (at least in a straight line).
EV drivers should reap the benefit of their increased insurance costs and not all drivers, well they have had big incentives to go for EV's so they should be able to cover these extra costs
EV are dead, it just doesn’t know it yet. Too expensive to buy, too expensive to insure, and road tax and congestion charge from next year.
To see how easy it is to repair EV electronics after a few years try to buy an Intel pentiumIII. I bought electronic ignition parts for my 61 year old split window VW kombi last week 😀
Yea we’re paying for expensive EV write offs but we’re also paying back for things like the Airport multi storey car park fire and the ship full of cars which burned at sea. The underwriters will recoup for the ordinary person rest sssured.
Another FUD article from the Telegraph, note the word "could"! Batteries can be repaired and re-conditioned, shops are opening up all the time. Tesla can replace batteries in the very rare case when it needs to happen with cheaper re-conditioned batteries. Take anything the reactionary, extremist Torygraph says with a pinch of salt. LFP batteries are the safest, very unlikely to catch fire. Most EVs have at least 6 to 12 inches of side impact protection. In future it should be possible to take out a battery from an existing car, find defective cells and replace them.
Get youself a Donkey no insurance easy to park good on fuel . 😂😂😂😂😂👍👍🏴🦊
They want you out your car
I recently ordered a Mercedes EQB, and my insurance is CHEAPER than my Renault captur. Not by much mind you but still cheaper.
EV technology has been rushed out before it is tried, tested and ready for the market. There is no doubt that we will see a change in the way vehicles are powered, but at the moment the wet cell battery technology hasn’t reached that point. Toyota’s new dry cell batteries may go someway to provide the solution, or perhaps hydrogen hybrids will come into play. We have not reached the point where EVs are useful sustainable vehicles, the only reason main stream manufacturers are producing EVs is to meet government imposed targets.
So what changes? Fancy (expensive to repair) cars were always dearer to insure but insurance companies, not known to miss a trick, will doubtless cash in on the opportunity to weld a bit more onto everyone's premium.
I suspect the main reason a private buyer wants an EV is so that it looks "good" on their drive. People are like sheep.
Iam 61 now don't think I will be renewing my license when I reach 70 good luck to the younger generation will need it poxy world.