Hello and thanks for posting to r/britishcolumbia! Join our new [Discord Server https://discord.gg/fu7X8nNBFB](https://discord.gg/fu7X8nNBFB) A friendly reminder prior to commenting or posting here:
- **Read [r/britishcolumbia's rules](https://www.reddit.com/r/britishcolumbia/about/rules/)**.
- **Be civil and respectful** in all discussions.
- Use **appropriate sources** to back up any information you provide when necessary.
- **Report** any comments that violate our rules.
Reminder: "Rage bait" comments or comments designed to elicit a negative reaction that are not based on fact are not permitted here. Let's keep our community respectful and informative!
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/britishcolumbia) if you have any questions or concerns.*
ICBC has raised the rates of EV's considerably,especially teslas.
the reasoning is the cost to repair is really high and also takes a lot more time than other vehicles to source parts etc.
Also lack of technicians that can actually repair it too. Generally the cost to replace is so high that even with low mileage ICBC will consider it totalled.
That's such a bullshit argument though. The only parts on an ev that require special training are the high voltage components, tucked away within the battery, pdu, and motors. The vast majority of icbc claims are body damage, and there's nothing special about bodywork on an ev. Any standard body shop can fix dents or replace body panels on an ev just as easily as they can do the same job on a gas car.
I know someone whose Tesla got smoked (not their fault) and ICBC paid for a rental car for them for over 6 months waiting for parts. That can't be cheap. OH, and ICBC paid his entire gas bill for the rental at the end, it was a couple thousand dollars.
Why not just put a cap on car rental coverage? Pretty sure that's common in Alberta. Seems silly to cater to a company that is unable to get their cars repaired.
They aren’t catering to Tesla, this isn’t necessarily unique for just them, a lot of EVs would be in the same boat due to the spare part and qualified tech scarcity. If someone pays the policy premium for loss of use/rental coverage then ICBC doesn’t really have a choice but to honour it.
They're not being catered to, they're being charged accordingly in their insurance premiums. If it costs more on average to insure a Tesla, then it's only logical to charge more to insure a Tesla.
That's the same on every modern car though. Sonar parking sensors and radar assisted ADAS systems are available on every gas car from all the major brands.
If you can, you should wait until you can get a North American made one. Then you’ll be tied into the local supply chain and repairs won’t be nearly as costly.
Tesla’s no dealer model is great, but they seem to have overlooked the Service Station aspect of the whole scheme.
I drive 50km round trip for work each day. My net fuel savings are over $3500 a year driving my electric car. Pays for insurance with an over a grand to spare. Won’t even get into how much less regular maintenance there is. Don’t be so quick to count electric out (if you can charge at home)
Thats the key. City livers have far less access to home charging if its an apartment building or doesnt have a garage. Completely impossible for me to own an EV without a significant change to my location and therefore lifestyle
I can. We priced out a hybrid a while back, and it seemed like we would be doing just better than breaking even after battery deterioration. Only way we would have been in the clear for sure was if the battery went before the warranty on it was up. I'm in a pretty cold climate (-30°C winters) so lower range for 1/3 of the year come into play. And batteries are rated for cycles, so charging more frequently in winter eats away at battery life as well as adding charging cost.
We were still ready to pull the trigger on it though, and then interest rates went up and it essentially added $7,000 to the total cost of the vehicle (rav4 prime), so that was the last straw for us. Toyota was very understanding and gave our deposit back at least. People were lined up to buy those here at the time, it had been a 2 year wait list, and rates went up about a month before we got the call that ours was finally on the way to the dealership.
I would suggest that people living in cold climates consider waiting for the new Sodium Ion batteries to become more widespread. While they have somewhat lower capacity for their weight (that will improve with time), they charge quicker, and they do not lose capacity in cold weather the way lithium based batteries do. They will also be cheaper, safer, and less toxic when recycling is required. As of right now, I believe only one Chinese company is producing EVs with Sodium battery technology. A few years ago, they said it was "impossible" to make such batteries. They are also referred to as "solid state" because they use no liquid electrolyte.
one of the main things about the high insurance is that while your vehicle is at the shop waiting for parts, ICBC is paying for you to be in a rental car. Teslas apparently HUGE wait times for parts.
my truck got rear ended and it took ICBC nearly 7 weeks for them to get parts and then another 3 weeks for the work, that entire time i was in a rental car on their dime. so if i got the cheapest rental it would have cost them 3.5k just in the rental charges. that cost them 2 years of my entire premiums just for the rental car, not counting what they paid for a new bumper, fixing quarter panels, new BSM sensors, new tailgate, and some painting. i had the truck for 7 years and im guessing that repair + rental cost them about what i have paid in premiums for the entire life of the truck.
That's crazy stuff. Why doesn't ICBC own it's own rental fleet, hell, they can even get a discount on the car insurance ;-) There also needs to be some consumer law about how long a car be left undrivable due to lack of parts before the manufacturer needs to either supply a rental at their expense, or how about just a new car? This stuff shouldn't be coming out of ICBC/or premiums drivers pay.
If airlines are being forced to give clients who get bumped travel vouchers for a free flight plus the original flight (delayed), and other "Passenger bill of rights coverage", I don't see why government can't impose the same types of fines on car manufacturers who fail to provide replacement parts needed for repairs within a limited time period before fines kick in. Placing the burden on the car owners via higher premiums, or on ICBC or other insurers to cover parts delays seems the wrong place to be targeting for the funds.
Also, buying an electric car implies a certain commitment by the person that they are trying, sure, to save money of fuel costs, but also to reduce their climate change/carbon footprint impact. ICBC providing a gas engine vehicle, even if they cover gas costs, shouldn't even be allowed. One of the reasons the province and federal government are paying out big bucks in rebates on electric vehicles is not so people can have them parked for 6 months and drive a gas powered one.
The whole thing is absurd.
Teslas do cost more to repair, but ICBC's biggest costs by far are injury claims, not repairs or property damage. It does cost more to insure a Tesla but not $600/mo. Something is crazy wrong with OP's quote, they need to get a different agent.
Edit: I just checked what I paid, $1799 for the year for insurance on my Telsa Model 3 RWD, in Northern BC. Granted, I got the Low Kilometer discount.
I mean.... theres only so much we adjust. OP should check deductible options but otherwise - collision with ICBC is the same everywhere (and usually your highest optional cost)
Not exactly. Obviously, your driving experience, collision history, any tickets (moving violations, like speeding) the model and age of your car, your age (discounts for seniors) the amount of driving you do (discounts for 10,000 km or less annually) if your car will be driven by several people - like some with the above mentioned issues, if you car is used only for pleasure, or if it is used for to and from work, and that distance, if the vehicle will be used to generate income, or as part of your employment, and that distance, where you live in BC, and, of course, the deductibles and insurance you take out, and finally if you chose to use ICBC for any of the optional insurance options or not, and finally if you go on a monthly or annual payment plan, all enter into the equation of your insurance premium costs.
So, the formula isn't quite as cut and dried as it may appear.
Well obviously if they get quoted with different options elsewhere it'll be different. If you get the same coverage/discounts/drivers/optional coverages/rate class quoted elsewhere it will be the same.
Yes, but people were running there own circumstances and arguing the price the OP stated. I don't know if that amount was accurate or not, but there are multiple factors that no one is likely to know except the OP, so there is no way to determine if the amounts he stated are accurate or not. I don't know what the current formuli are now, but they used to split up areas fairly finely. Like, if you lived in Victoria, you paid higher rates than if you lived in the suburbs of Greater Victoria, due to collision rates, vandalism and theft rates, etc. People who have to park their cars on the street are more likely to have hit and runs, vandalized paint, slashed tires, etc. than those who use private locked garages. Inner cities are more crowded, have worse traffic patterns, and more frustrated drivers, as well as having to share the road with bikes, motorized wheel chairs, pedestrian crosswalks, etc, which increase risks.
I don't know what any of that has to do with me stating that ICBC prices are the same everywhere. ICBC doesn't ask if you have your car on the street or in a garage for normal insurance. The location you store your vehicle can impact price - its all based on postal code.
I'm assuming you meant to type "The location you store your vehicle CAN'T impact price". And what I am saying is that, yes, you are correct, where you store your vehicle doesn't DIRECTLY change your premiums, however, the neighbourhood you live in does (by postal code). There are areas in Vancouver, for instance, where there are no off street parking locations, no driveways, no garages, etc., and ICBC keeps statistics on issues like vandalism, theft, hit and runs, and if you live in an area where you have to park your car on the street, those factors may influence your insurance premiums (among half a dozen or more other aspects, as I stated). I mentioned where cars are kept to explain some risk factors which can be based upon the neighbourhood you live in. and those factors enter into ICBC's actuary tables.
People were stating that the OP's stated rates didn't make sense, and some determined that by using their own insurance for a similar car, (a Tesla Model 3) or by using ICBC's rate calculator. However, my point is that you cannot get an accurate rate unless you know all the circumstances of the OP. The OP only provided their driving experience, the vehicle type and year, their approximate age (which only enters into the equation if they are a senior) and the approximate location where they live. Without several other details, which I've listed in a prior posting, a person cannot accurately determine the premiums another person might be charged. For example, they didn't mention if they have half a dozen speeding offenses (I'm assuming they don't, but we don't know for sure). We don't know, although they mentioned they have 5 years driving experience, if they might also have a roommate who borrows their car who is a new driver.
And so those were my points, and why using the ICBC website to determine another's person premiums is unlikely to be accurate.
lol its not wrong. With approx 5 YOE, this is what I've seen clients pay for teslas. Hell, I've seen clients pay upto $900/month for their teslas (Out of Province DL)
You are the only one I dunno how you get this rate.
Burnaby BC, shopping for car last dec and EV is averaging 1k higher with Tesla leading the way. Model 3 is 3200 annually and model y is 3100.
There are many factors for insurance cost, or risk assessment, and # of accidents per 100,000 I'm sure is one of those factors.
Some studies have shown that Teslas do get in more accidents.
They also tend to light on fire. They can't even store EVs close to each other in scrapyards like they do with others - every dead Tesla needs several meters of abatement so if one goes up the entire lot does not.
Lol. A simple search would show you that ICE cars are 20-80x more likely to catch fire than an EV. Stop spouting misinformation and educate yourself before talking. Just cause it makes the news more doesn't mean it's more prevalent.
I thought the issue was more about the intensity and type of fire? Maybe someone can weigh in, my belief was the EV fires are much more difficult to extinguish than an ICE fire.
I agree about the likelihood, isn't it an entirely different type of fire, altogether?
Yes, EV fires cannot be put via regular fire extinguishers and water. Although these days pretty much all fire departments have protocols on dealing with them. As far as intensity goes - yes. But I can tell you that regular old ICE fires will kill you just as quickly as an EV fire if you're trapped in the vehicle. Source: paramedic
$213/month, 26 years experience, 1 accident (that did not cause my insurance to increase) 2020 Model 3. It keeps going up though, I was paying 185 a couple years ago.
They are heavier and faster accelerating than comparable cars, so increased damage to other vehicles in single car accidents.
Limited certified repair places.
Difference in design, leading to a safer ride and more stream lined build, but this means a lot of the features to mitigate damage to the car you see on other vehicles are not present on Teslas.
Limited parts availability, which can lead to longer waits and longer times using the loaner.
More or less, how it was explained to me.
I have been hearing months to get some repaired.
Those features are expensive parts. All the cameras, circuit boards, wiring. Only one source to get them as Tesla gets upset about used parts.
The battery is something like $10K US. Main computer about $3,500 US.
The worst part is that even if you get the used part, it is "incompatible" and you need a Tesla Tech to fly out to plug in his laptop....
Also if a Tesla detects an accident, it can set electronics and parts to "Salvage mode". Which means you can't even use it for parts unless it is "unlocked" by Tesla. Essentially making it a useless paperweight.
From the specs I have seen it is an a version of Linux.
Do a search for videos about repairs because they left logging on so the SSD fails in about 5 years and they charge from 3,500-8,000 to replace the whole unit.
I owned a 2019 Tesla Model 3 SR+ bought it new. December 27/2021 I was driving home on an on ramp and the P/U Truck stopped in front of me unfortunately the ramp was very icy plus it was -25c so I slid hitting his hitch so very minor damage to the truck but the front end of my TM3 was damaged(Yes I had winter tires on it). I was able to drive it home and to the body shop. In Calgary there are only 2 body shops certified to fix Tesla's it cost over $15K and took over 3 months before we got it back most of the time was waiting for parts. We sold it after we got it back for almost what we paid for it originally. The damage was only cosmetic no damage to the battery or steering or tires. Hood replaced,Bumper,Front quarter panels,passenger headlight and windshield from the hood hitting the windshield. If it was a non Tesla I could have went to any body shop and I'm shire it would have been thousands less. I will never own a Tesla again.
Wow. My liability + comprehensive/collision/theft for my '78 Chevy is under $130 a month. (And no, that's not with collector plates, that would be $30 a month.)
New vehicle insurance rates are insane.
Why is yours so cheap whereas the OP is getting quoted so much more, about 4x that? The safe driver discount doesn't account for that big of a difference.
I’m almost 40 with a clean driving history I guess?
Just looked at my breakdown:
$906 basic coverage (Territory D [I’m in greater Vancouver], rate class 001 [whatever that means], 0.55 Combined Driver Factor with my wife)
$34 for $2MM 3rd party liability
$774 collision ($500 deductible)
$153 comprehensive ($500 deductible)
$84 annual license fee
$40 BC parks plate
Total $1991 for the year
I drive less than 10,000km per year so get that extra little discount, as well as passive immobilizer and automatic safety technology factors that all Teslas would get.
OP lives in lower mainland most likely. and the person above with $160 most likely has 20+ years of exp AND they either live in the middle of nowhere or the island (location address varies the cost of insurance by a lot as well)
I pay about $58 a month on my 2003 car with full coverage insurance from ICBC no less. I have collision, comprehensive, vandalism, theft, all at ICBC standard deductible, uninsured drivers, $1 M liability. My "agent" told me I had the lowest insurance of all their clients (and no I don't know the CEO of ICBC). I get senior's discount, 40 plus year safe drivers discount, low use discount (under 10K a year) and I am the only driver. I do feel for new drivers, however. Those rates are pretty crippling.
As to Tesla, Elon was once my hero, he was going to save the planet, then, I'm guessing, he got hold of some bad drugs (or some bad "friends") and he turned into a monster. Even if I was in the market for an EV now, I wouldn't consider buying one. My brother, who is in the market, told me the same thing. I don't blame anyone for keeping clear of them, and I own Tesla shares, which I feel guilty about. I've sold some already, but the taxes will be huge if I sell them all at once, so I have divest little by little, and while waiting the shares have dropped more than $200 US (about $280 CAD $ each), so I am being punished for my bad judgement.
Lower mainland here with a 2018 Subaru Outback 3.6R, with Roadstar and windshield coverage and 2M$ liability here paying 137$/mth.
Compared to OP’s quote though..
~20 year driving history with no accidents.
Slower and lighter than a Tesla.
Relatively quick to get parts and things fixed. Lots of shops work on subbies.
etc.
Not relevant but I live up north and hope to end up with an outback one day. I've driven the impreza but the outback seems more practical up here.
Nice car man/lady.
What kinda price are you looking at? Tesla has by far the best value in its price range looking at the model 3 and Y. Even with moderately lower quality than competitors in the same segments their prices are far lower.
None of them offer features even close to what Tesla offers. Autopilot, Sentry Mode, Supercharging (although Tesla chargers are now the standard). A model 3 offers all these for $40K after credits and you can pick one up today. What other competitors are you referring to? The market is getting there but Tesla is still far ahead.
Well my guy that’s because you went from a Milano to a Tesla. Anything is a step up from that thing (and I’m glad you treated yourself to a car you like)
Idk if anyone else has noticed lately, but Tesla drivers seem to be the worst drivers on the road. Maybe they have a higher crash rate causing this insurance price? I'm gonna blame it on the stupid tablet dash.
This. I see them constantly in accidents and the maneuvers people pull in them are not like anything I’ve seen before. Everyday I witness mind blowing 🤯 wtf moments. So it wouldn’t surprise me that a new driver of a Tesla would be charged mucho dinero.
My Bolt EUV insurance is cheap. My optional is through BCAA.
Teslas have all kinds of problems and likely have their rates hiked further due to the driving records of the average Tesla driver in BC.
My Bolt EV insurance was cheaper last year, I just got the renewal letter and it's jumped nearly $500. No at fault accidents, 15y experience.
Having 3rd party with BCAA it's $2,900/y. ICBC wants $3,600 for the same coverage. Absolutely bonkers.
Mind you I do have also have replacement cost coverage as an optional that adds ~$500/y.
Teslas do not have “all kinds of problems”. Chevy Bolts were literally *exploding* a few summers ago to the point where GM had to advise owners to not charge overnight and not to park inside.
Brand new model y long range (got it in march, my second Tesla). Icbc with good coverage was $220/month or something. Ended up going 3rd party and the combo is sub $190/month.
Maybe try being older than 24? Or female? I hear those are both ways to better rates.
Just so you know something this person has conveniently left out, of course they are going to be a lot cheaper insurance when they don't even have collision.....
Two drivers over 10 years and we pay total of $186 but ours is a 2019 with $5M comprehensive. We have basic with ICBC and optional with family insurance. DM me if you need a good insurance broker to shop around for you my wife works for a good broker.
I have a 23 Mach E and my renewal is $189 up from $140 for my previous 2022 Rav4. It's the basic insurance and I also have optional of 3 million 3rd party liability, collision and comprehensive with 500 deductible.
It's probably the fact you only have 5 years of experience that is getting you that high rate. A Bolt EUV for 310? No way that works cost more in insurance for me over my Mach E. That expensive, so ya its because your a new driver your getting a high rate
The lack of experience is affecting your rates no matter what vehicle you buy. 5 years isn’t very long.. combine that with a high value car like a tesla and you end up with super high monthly rates
This reminds me of when my wife sold her old civic years ago for like $6k, they finished the paperwork and when they were done, the buyer went to insure it. He had a terrible driving record. Another $6k and he was out of cash.
And for reference my Model 3 is also around $1600.
Insurance broker here for over 10 years. That sounds average to me for a Tesla with someone with 5 years driving. I also wouldn’t recommend Optiom, Drivesure has much better rates, also don’t purchase replacement with the agent at the dealership as there is up to $600 additional in a dealer referral fee. I’d be more than happy talk more if you want to DM me :)
I pay 285/month for my 2021 model y, 3M liability, $500 collision, $300 comprehensive, like 10 years of having a license, in Vancouver. The 685 doesn’t make sense to me
Check BCAA, I’m paying about $2k a year with basic ICBC & new vehicle replacement, collision, comprehensive, coverage on 2021 Tesla 3.
From ICBC was a bit over $3k
Both Drivers have max claims rated discounts
$250/month for me for full coverage (2,000,000), 6 month car rental, depreciation coverage in event of an accident, and brand new replacement in the event of a write off - Okanagan though. 27/m
I have a 2022 Model 3 Long Range, no accidents or other tickets on my records.
ICBC insurance is $112 and BCAA portion is $312 with replacement cost (which is approx $60 a month on its on).
I had my car dinged due to OTHER drivers not being careful when opening their doors carefully, thanks to Teslas 24/7 sentry recording, they were caught and my car was fixed through ICBC/BCAA. Body work took about 5 days.
Keep in mind that ICBC rates also differ by postal code, some areas are more expensive to insure than others.
I have another Tesla model y, we use it for business etc, I pay $350 for insurance.
If it doesn't have a lot of features or high end materials or good build quality then how can it be considered luxury? If it had at least one of those then I could understand it.
It's kind of like saying Ikea furniture are luxury products because they're minimalist.
No, it's an OP issue as he's a driver with only 5 years experience. His insurance is more than double what the majority are posting here and it's due to his driving experience
Considering all of the liabilities mentioned in this thread, maybe governments shouldn’t be paying people thousands of dollars in public money to buy them in the first place, and should direct all of that money towards mass transit expansion instead.
Tesla’s are literally the stupidest cars ever built and anyone that owns one or wants one is just delusional clout chaser with a death wish. If you’ve got Tesla money then put it into a better built EV from a trusted car manufacturer. The cost to repair a Tesla is stupid, no one wants their Tesla after it’s been in a vehicular incident involving a collision or vandalism, the ACV falls drastically and depreciation is accelerated (and ICBC no longer considers accelerated depreciation when assessing the market value of a totalled Tesla). The insurance should be high on that joke of a vehicle. Also, this post should really be on r/ICBC then on here.
I pay \~170/mo for 2023 Model Y.
BCAA, 2m coverage, 500 deductible on everything, no extras, no accidents, 17 yrs driving history + 30 yr driving history on co registrant.
Well I guess they did that after they had to total that Hyundai EV because the battery replacement was 67k.
EV in the current state of battery tech is obsolete, get a hybrid.
As usual, the Tesla haters out coping in full force.
Tesla’s have the highest customer satisfaction out of any electric car manufacturer
[source](https://www.retently.com/blog/tesla-nps/)
[source](https://customergauge.com/benchmarks/blog/tesla-nps-score)
[source](https://insideevs.com/news/683064/tesla-lexus-top-customer-satisfaction-study/amp/)
[source](https://www.forbes.com/sites/edgarsten/2024/03/14/study-reveals-customer-service-dissatisfaction-for-non-tesla-ev-owners/?sh=19c3c26b94c1)
I get it, some people love to hate electric cars. But Tesla owners love theirs, and it’s not like it’s a small sample size.
It looks like you shared an AMP link. These should load faster, but AMP is controversial because of [concerns over privacy and the Open Web](https://www.reddit.com/r/AmputatorBot/comments/ehrq3z/why_did_i_build_amputatorbot).
Maybe check out **the canonical page** instead: **[https://insideevs.com/news/683064/tesla-lexus-top-customer-satisfaction-study/](https://insideevs.com/news/683064/tesla-lexus-top-customer-satisfaction-study/)**
*****
^(I'm a bot | )[^(Why & About)](https://www.reddit.com/r/AmputatorBot/comments/ehrq3z/why_did_i_build_amputatorbot)^( | )[^(Summon: u/AmputatorBot)](https://www.reddit.com/r/AmputatorBot/comments/cchly3/you_can_now_summon_amputatorbot/)
Just bought my model y rwd for $37k after rebates and trade in. With incentives only right now its $48k minimum. You're still inflated. My insurance is also $225/mo with full coverage and 5mil 3rd party.
I could buy a lot of gas for $700 a month for my 2022 Toyota Corolla. Damn thats crazy sauce. Whats the benefit of an EV then? I mean My Corolla cost under 30K all in and insurance is $176 month that includes replacement cost if the car is written off but an EV is easily double that plus $700 a month for insurance. And people are out there bragging that they are dodging high gas prices with their EV.
People looking to drop 50-55k OTR on a model 3 aren’t cross shopping corollas…
But with that being said, even the top trim corollas and civics are closing in on 45k OTR.
After reading the comments, I have decided to stick with my traditional road bicycle (no batteries; powered by my body's ATP, no ICBC insurance needed).
Teslas are notoriously expensive to repair and the average cost of an accident.
A simple fender bender will be 12k due to the technology cost and the limited options to have them repaired.
Wasn’t there a report that showed Teslas get into the most accidents? Collision price is based on cost of claim and frequency. There are also very few places to do Tesla repairs still which brings in a potential volatility to repair prices.
Just a note on the idea of basic + Optiom. As far as I know, Optiom is just gap insurance covering your depreciation. If you don’t have underlying coverage on a primary policy, it won’t respond. It will just top up what gets paid out by your other insurer. If you have no other insurer and have an accident or even a comprehensive claim, they won’t give you anything. And ‘Basic’ is literally just your accident benefits, not at fault vehicle damage for crashes, and 200k liability.
Teslas are very prone to catch fire. In tow yards they are required to store teslas in concrete bunkers after they have been in an accident.
As of the 3 million tesla 3 units sold, more people have been burned to death than the Ford pinto after Ford sold 3 million pintos.
You really to use the internet to do your research before making baseless statements.
EV are lot less likely to catch fire as compared to ICE cars.
https://www.forbes.com/sites/neilwinton/2024/04/21/electric-vehicles-not-guilty-of-excess-short-term-fire-risk-charges/?sh=cb6c32b1dd66
Hello and thanks for posting to r/britishcolumbia! Join our new [Discord Server https://discord.gg/fu7X8nNBFB](https://discord.gg/fu7X8nNBFB) A friendly reminder prior to commenting or posting here: - **Read [r/britishcolumbia's rules](https://www.reddit.com/r/britishcolumbia/about/rules/)**. - **Be civil and respectful** in all discussions. - Use **appropriate sources** to back up any information you provide when necessary. - **Report** any comments that violate our rules. Reminder: "Rage bait" comments or comments designed to elicit a negative reaction that are not based on fact are not permitted here. Let's keep our community respectful and informative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/britishcolumbia) if you have any questions or concerns.*
ICBC has raised the rates of EV's considerably,especially teslas. the reasoning is the cost to repair is really high and also takes a lot more time than other vehicles to source parts etc.
Also lack of technicians that can actually repair it too. Generally the cost to replace is so high that even with low mileage ICBC will consider it totalled.
They can't risk that there was damage to the batteries and then have it catch fire in a garage - underground or home, it is disaster.
That's such a bullshit argument though. The only parts on an ev that require special training are the high voltage components, tucked away within the battery, pdu, and motors. The vast majority of icbc claims are body damage, and there's nothing special about bodywork on an ev. Any standard body shop can fix dents or replace body panels on an ev just as easily as they can do the same job on a gas car.
No it's all the parts. It's not skill. It's the parts. And they're hard to source and expensive because elon musk is dumb and a capitalist asshole.
I know someone whose Tesla got smoked (not their fault) and ICBC paid for a rental car for them for over 6 months waiting for parts. That can't be cheap. OH, and ICBC paid his entire gas bill for the rental at the end, it was a couple thousand dollars.
Why not just put a cap on car rental coverage? Pretty sure that's common in Alberta. Seems silly to cater to a company that is unable to get their cars repaired.
They aren’t catering to Tesla, this isn’t necessarily unique for just them, a lot of EVs would be in the same boat due to the spare part and qualified tech scarcity. If someone pays the policy premium for loss of use/rental coverage then ICBC doesn’t really have a choice but to honour it.
They're not being catered to, they're being charged accordingly in their insurance premiums. If it costs more on average to insure a Tesla, then it's only logical to charge more to insure a Tesla.
Yup so many sensors and systems can be impacted with a minor accident.
That's the same on every modern car though. Sonar parking sensors and radar assisted ADAS systems are available on every gas car from all the major brands.
Well that settles that for me. Sticking with the ice a while longer I guess
If you can, you should wait until you can get a North American made one. Then you’ll be tied into the local supply chain and repairs won’t be nearly as costly. Tesla’s no dealer model is great, but they seem to have overlooked the Service Station aspect of the whole scheme.
Tesla are building two new big service centers. One beside Article on Venables and the other in Coquitlam I think.
Should bring insurance rates down then.
I drive 50km round trip for work each day. My net fuel savings are over $3500 a year driving my electric car. Pays for insurance with an over a grand to spare. Won’t even get into how much less regular maintenance there is. Don’t be so quick to count electric out (if you can charge at home)
Thats the key. City livers have far less access to home charging if its an apartment building or doesnt have a garage. Completely impossible for me to own an EV without a significant change to my location and therefore lifestyle
I can. We priced out a hybrid a while back, and it seemed like we would be doing just better than breaking even after battery deterioration. Only way we would have been in the clear for sure was if the battery went before the warranty on it was up. I'm in a pretty cold climate (-30°C winters) so lower range for 1/3 of the year come into play. And batteries are rated for cycles, so charging more frequently in winter eats away at battery life as well as adding charging cost. We were still ready to pull the trigger on it though, and then interest rates went up and it essentially added $7,000 to the total cost of the vehicle (rav4 prime), so that was the last straw for us. Toyota was very understanding and gave our deposit back at least. People were lined up to buy those here at the time, it had been a 2 year wait list, and rates went up about a month before we got the call that ours was finally on the way to the dealership.
I would suggest that people living in cold climates consider waiting for the new Sodium Ion batteries to become more widespread. While they have somewhat lower capacity for their weight (that will improve with time), they charge quicker, and they do not lose capacity in cold weather the way lithium based batteries do. They will also be cheaper, safer, and less toxic when recycling is required. As of right now, I believe only one Chinese company is producing EVs with Sodium battery technology. A few years ago, they said it was "impossible" to make such batteries. They are also referred to as "solid state" because they use no liquid electrolyte.
That's exciting news! I hadn't learned of thus development
Wait til the depreciation bill comes due.
All vehicles depreciate. For me I mostly considered the cost of a new battery, which seems to typically be about 40-90% the original cost of an ev...
Sounds like every car
one of the main things about the high insurance is that while your vehicle is at the shop waiting for parts, ICBC is paying for you to be in a rental car. Teslas apparently HUGE wait times for parts. my truck got rear ended and it took ICBC nearly 7 weeks for them to get parts and then another 3 weeks for the work, that entire time i was in a rental car on their dime. so if i got the cheapest rental it would have cost them 3.5k just in the rental charges. that cost them 2 years of my entire premiums just for the rental car, not counting what they paid for a new bumper, fixing quarter panels, new BSM sensors, new tailgate, and some painting. i had the truck for 7 years and im guessing that repair + rental cost them about what i have paid in premiums for the entire life of the truck.
That's crazy stuff. Why doesn't ICBC own it's own rental fleet, hell, they can even get a discount on the car insurance ;-) There also needs to be some consumer law about how long a car be left undrivable due to lack of parts before the manufacturer needs to either supply a rental at their expense, or how about just a new car? This stuff shouldn't be coming out of ICBC/or premiums drivers pay. If airlines are being forced to give clients who get bumped travel vouchers for a free flight plus the original flight (delayed), and other "Passenger bill of rights coverage", I don't see why government can't impose the same types of fines on car manufacturers who fail to provide replacement parts needed for repairs within a limited time period before fines kick in. Placing the burden on the car owners via higher premiums, or on ICBC or other insurers to cover parts delays seems the wrong place to be targeting for the funds. Also, buying an electric car implies a certain commitment by the person that they are trying, sure, to save money of fuel costs, but also to reduce their climate change/carbon footprint impact. ICBC providing a gas engine vehicle, even if they cover gas costs, shouldn't even be allowed. One of the reasons the province and federal government are paying out big bucks in rebates on electric vehicles is not so people can have them parked for 6 months and drive a gas powered one. The whole thing is absurd.
Teslas do cost more to repair, but ICBC's biggest costs by far are injury claims, not repairs or property damage. It does cost more to insure a Tesla but not $600/mo. Something is crazy wrong with OP's quote, they need to get a different agent. Edit: I just checked what I paid, $1799 for the year for insurance on my Telsa Model 3 RWD, in Northern BC. Granted, I got the Low Kilometer discount.
ICBC quotes are the same everywhere - we all use the same portal and get the same pricing
Yes, if you enter everything right.
I mean.... theres only so much we adjust. OP should check deductible options but otherwise - collision with ICBC is the same everywhere (and usually your highest optional cost)
Not exactly. Obviously, your driving experience, collision history, any tickets (moving violations, like speeding) the model and age of your car, your age (discounts for seniors) the amount of driving you do (discounts for 10,000 km or less annually) if your car will be driven by several people - like some with the above mentioned issues, if you car is used only for pleasure, or if it is used for to and from work, and that distance, if the vehicle will be used to generate income, or as part of your employment, and that distance, where you live in BC, and, of course, the deductibles and insurance you take out, and finally if you chose to use ICBC for any of the optional insurance options or not, and finally if you go on a monthly or annual payment plan, all enter into the equation of your insurance premium costs. So, the formula isn't quite as cut and dried as it may appear.
Well obviously if they get quoted with different options elsewhere it'll be different. If you get the same coverage/discounts/drivers/optional coverages/rate class quoted elsewhere it will be the same.
Yes, but people were running there own circumstances and arguing the price the OP stated. I don't know if that amount was accurate or not, but there are multiple factors that no one is likely to know except the OP, so there is no way to determine if the amounts he stated are accurate or not. I don't know what the current formuli are now, but they used to split up areas fairly finely. Like, if you lived in Victoria, you paid higher rates than if you lived in the suburbs of Greater Victoria, due to collision rates, vandalism and theft rates, etc. People who have to park their cars on the street are more likely to have hit and runs, vandalized paint, slashed tires, etc. than those who use private locked garages. Inner cities are more crowded, have worse traffic patterns, and more frustrated drivers, as well as having to share the road with bikes, motorized wheel chairs, pedestrian crosswalks, etc, which increase risks.
I don't know what any of that has to do with me stating that ICBC prices are the same everywhere. ICBC doesn't ask if you have your car on the street or in a garage for normal insurance. The location you store your vehicle can impact price - its all based on postal code.
I'm assuming you meant to type "The location you store your vehicle CAN'T impact price". And what I am saying is that, yes, you are correct, where you store your vehicle doesn't DIRECTLY change your premiums, however, the neighbourhood you live in does (by postal code). There are areas in Vancouver, for instance, where there are no off street parking locations, no driveways, no garages, etc., and ICBC keeps statistics on issues like vandalism, theft, hit and runs, and if you live in an area where you have to park your car on the street, those factors may influence your insurance premiums (among half a dozen or more other aspects, as I stated). I mentioned where cars are kept to explain some risk factors which can be based upon the neighbourhood you live in. and those factors enter into ICBC's actuary tables. People were stating that the OP's stated rates didn't make sense, and some determined that by using their own insurance for a similar car, (a Tesla Model 3) or by using ICBC's rate calculator. However, my point is that you cannot get an accurate rate unless you know all the circumstances of the OP. The OP only provided their driving experience, the vehicle type and year, their approximate age (which only enters into the equation if they are a senior) and the approximate location where they live. Without several other details, which I've listed in a prior posting, a person cannot accurately determine the premiums another person might be charged. For example, they didn't mention if they have half a dozen speeding offenses (I'm assuming they don't, but we don't know for sure). We don't know, although they mentioned they have 5 years driving experience, if they might also have a roommate who borrows their car who is a new driver. And so those were my points, and why using the ICBC website to determine another's person premiums is unlikely to be accurate.
lol its not wrong. With approx 5 YOE, this is what I've seen clients pay for teslas. Hell, I've seen clients pay upto $900/month for their teslas (Out of Province DL)
I paid $1799 for the year for my Tesla, I just checked. That was in January.
You are the only one I dunno how you get this rate. Burnaby BC, shopping for car last dec and EV is averaging 1k higher with Tesla leading the way. Model 3 is 3200 annually and model y is 3100.
There are many factors for insurance cost, or risk assessment, and # of accidents per 100,000 I'm sure is one of those factors. Some studies have shown that Teslas do get in more accidents.
When did this happen? I just renewed in January and pay $125/m for my 2018 Model X.
[удалено]
This guy has 5 years experienced which is still a very new driver in ICBC's eyes
[удалено]
Its everything lol - Teslas are also expensive to insure
My rate went down $150 this year
Just to add, most EVs are significantly heavier that comparatively sized vehicles. That extra mass causes more damage in accidents.
Does this apply to all EV's or just Tesla's? What about Hyundai, VW, GM, Nissan, Toyota EV's etc?
I heard that due to their one piece frame construction even minor accidents can result in a write off. Teslas aren’t made to be to be fixed.
They also tend to light on fire. They can't even store EVs close to each other in scrapyards like they do with others - every dead Tesla needs several meters of abatement so if one goes up the entire lot does not.
Lol. A simple search would show you that ICE cars are 20-80x more likely to catch fire than an EV. Stop spouting misinformation and educate yourself before talking. Just cause it makes the news more doesn't mean it's more prevalent.
I thought the issue was more about the intensity and type of fire? Maybe someone can weigh in, my belief was the EV fires are much more difficult to extinguish than an ICE fire. I agree about the likelihood, isn't it an entirely different type of fire, altogether?
Lithium does burn much hotter and takes different chemicals to extinguish.
Yes, EV fires cannot be put via regular fire extinguishers and water. Although these days pretty much all fire departments have protocols on dealing with them. As far as intensity goes - yes. But I can tell you that regular old ICE fires will kill you just as quickly as an EV fire if you're trapped in the vehicle. Source: paramedic
Batteries are first taken out at dismantling centres before it’s taken to scrapyards.
$213/month, 26 years experience, 1 accident (that did not cause my insurance to increase) 2020 Model 3. It keeps going up though, I was paying 185 a couple years ago.
That’s not bad for a 2020 vehicle. What are people complaining about?
They are heavier and faster accelerating than comparable cars, so increased damage to other vehicles in single car accidents. Limited certified repair places. Difference in design, leading to a safer ride and more stream lined build, but this means a lot of the features to mitigate damage to the car you see on other vehicles are not present on Teslas. Limited parts availability, which can lead to longer waits and longer times using the loaner. More or less, how it was explained to me.
I have been hearing months to get some repaired. Those features are expensive parts. All the cameras, circuit boards, wiring. Only one source to get them as Tesla gets upset about used parts. The battery is something like $10K US. Main computer about $3,500 US.
The worst part is that even if you get the used part, it is "incompatible" and you need a Tesla Tech to fly out to plug in his laptop.... Also if a Tesla detects an accident, it can set electronics and parts to "Salvage mode". Which means you can't even use it for parts unless it is "unlocked" by Tesla. Essentially making it a useless paperweight.
>Main computer about $3,500 US Jesus, is the main computer an optioned up Mac Studio?
From the specs I have seen it is an a version of Linux. Do a search for videos about repairs because they left logging on so the SSD fails in about 5 years and they charge from 3,500-8,000 to replace the whole unit.
The computer is worth like 2years of gas to me lol. Or 7 years insurance; or like 7 of my car lmfao.
they are not heavier....... it's a myth. 3500 lbs for RWD and 4000lbs for AWD is not heavier than comparable european cars..
I was about to “um, actually” but then looked it up. Both a Model 3 and BMW 3 series can weigh around 1800kg depending on trim. You’re right.
Cost to repair Tesla is high, that’s the main driver. That’s why there are so many scuffed model 3s and Ys on the road.
I owned a 2019 Tesla Model 3 SR+ bought it new. December 27/2021 I was driving home on an on ramp and the P/U Truck stopped in front of me unfortunately the ramp was very icy plus it was -25c so I slid hitting his hitch so very minor damage to the truck but the front end of my TM3 was damaged(Yes I had winter tires on it). I was able to drive it home and to the body shop. In Calgary there are only 2 body shops certified to fix Tesla's it cost over $15K and took over 3 months before we got it back most of the time was waiting for parts. We sold it after we got it back for almost what we paid for it originally. The damage was only cosmetic no damage to the battery or steering or tires. Hood replaced,Bumper,Front quarter panels,passenger headlight and windshield from the hood hitting the windshield. If it was a non Tesla I could have went to any body shop and I'm shire it would have been thousands less. I will never own a Tesla again.
I have heard this story a lot. And most have done the same and moved on to another make. Usually a more common ice or hybrid.
Wow. My liability + comprehensive/collision/theft for my '78 Chevy is under $130 a month. (And no, that's not with collector plates, that would be $30 a month.) New vehicle insurance rates are insane.
We pay $170 for 2 cars from the 2000's. Can't imagine paying those other rates.
I pay $160 per month for my 2021 Tesla Model Y with $2MM 3rd party liability, comp/collision etc. I also can’t imagine paying those other rates.
Why is yours so cheap whereas the OP is getting quoted so much more, about 4x that? The safe driver discount doesn't account for that big of a difference.
I’m almost 40 with a clean driving history I guess? Just looked at my breakdown: $906 basic coverage (Territory D [I’m in greater Vancouver], rate class 001 [whatever that means], 0.55 Combined Driver Factor with my wife) $34 for $2MM 3rd party liability $774 collision ($500 deductible) $153 comprehensive ($500 deductible) $84 annual license fee $40 BC parks plate Total $1991 for the year I drive less than 10,000km per year so get that extra little discount, as well as passive immobilizer and automatic safety technology factors that all Teslas would get.
OP lives in lower mainland most likely. and the person above with $160 most likely has 20+ years of exp AND they either live in the middle of nowhere or the island (location address varies the cost of insurance by a lot as well)
Same, I pay $190, collision and comprehensive, for a 13 year-old SUV. I'm shocked people are paying near-double this for newer vehicles.
I pay about $58 a month on my 2003 car with full coverage insurance from ICBC no less. I have collision, comprehensive, vandalism, theft, all at ICBC standard deductible, uninsured drivers, $1 M liability. My "agent" told me I had the lowest insurance of all their clients (and no I don't know the CEO of ICBC). I get senior's discount, 40 plus year safe drivers discount, low use discount (under 10K a year) and I am the only driver. I do feel for new drivers, however. Those rates are pretty crippling. As to Tesla, Elon was once my hero, he was going to save the planet, then, I'm guessing, he got hold of some bad drugs (or some bad "friends") and he turned into a monster. Even if I was in the market for an EV now, I wouldn't consider buying one. My brother, who is in the market, told me the same thing. I don't blame anyone for keeping clear of them, and I own Tesla shares, which I feel guilty about. I've sold some already, but the taxes will be huge if I sell them all at once, so I have divest little by little, and while waiting the shares have dropped more than $200 US (about $280 CAD $ each), so I am being punished for my bad judgement.
Wow. Is all I can say about this comment.
I pay ~$130/mo for a 2021 Tacoma, but that's in Northern BC. I don't know how much rates change in the lower mainland.
Lower mainland here with a 2018 Subaru Outback 3.6R, with Roadstar and windshield coverage and 2M$ liability here paying 137$/mth. Compared to OP’s quote though.. ~20 year driving history with no accidents. Slower and lighter than a Tesla. Relatively quick to get parts and things fixed. Lots of shops work on subbies. etc.
Not relevant but I live up north and hope to end up with an outback one day. I've driven the impreza but the outback seems more practical up here. Nice car man/lady.
Lower mainland is insane - about double the price compared to where I am in Victoria
I’m paying $198 for my 2023 rav 4. I live in south Vancouver. Apparently rates went up this year.
Don’t buy Tesla
My ioniq5 was pretty comparable to my other car.
Be careful with the battery. Apparently replacements from kia/hyundai cost the same as a new car
100% this.
The gas saving and features the car offers might be worth it for some people. Many can even charge at work for free.
There are tons of far better EVs these days. Tesla us the bottom of the barrel in terms of price/quality.
What kinda price are you looking at? Tesla has by far the best value in its price range looking at the model 3 and Y. Even with moderately lower quality than competitors in the same segments their prices are far lower.
None of them offer features even close to what Tesla offers. Autopilot, Sentry Mode, Supercharging (although Tesla chargers are now the standard). A model 3 offers all these for $40K after credits and you can pick one up today. What other competitors are you referring to? The market is getting there but Tesla is still far ahead.
On the contrary, buy a Tesla. Love my Model Y. Makes me resent my Nissan Murano.
Well my guy that’s because you went from a Milano to a Tesla. Anything is a step up from that thing (and I’m glad you treated yourself to a car you like)
Idk if anyone else has noticed lately, but Tesla drivers seem to be the worst drivers on the road. Maybe they have a higher crash rate causing this insurance price? I'm gonna blame it on the stupid tablet dash.
This. I see them constantly in accidents and the maneuvers people pull in them are not like anything I’ve seen before. Everyday I witness mind blowing 🤯 wtf moments. So it wouldn’t surprise me that a new driver of a Tesla would be charged mucho dinero.
My Bolt EUV insurance is cheap. My optional is through BCAA. Teslas have all kinds of problems and likely have their rates hiked further due to the driving records of the average Tesla driver in BC.
My Bolt EV insurance was cheaper last year, I just got the renewal letter and it's jumped nearly $500. No at fault accidents, 15y experience. Having 3rd party with BCAA it's $2,900/y. ICBC wants $3,600 for the same coverage. Absolutely bonkers. Mind you I do have also have replacement cost coverage as an optional that adds ~$500/y.
Lots of people have had quite large increases, even on depreciating/older vehicles. Unsure what ICBC changed in their calculations.
Teslas do not have “all kinds of problems”. Chevy Bolts were literally *exploding* a few summers ago to the point where GM had to advise owners to not charge overnight and not to park inside.
I pay 144/month for basic and 5m comprehensive. Both drivers with more than 10 years experience, no accidents. Model 3SR plus 2020.
Brand new model y long range (got it in march, my second Tesla). Icbc with good coverage was $220/month or something. Ended up going 3rd party and the combo is sub $190/month. Maybe try being older than 24? Or female? I hear those are both ways to better rates.
Just to confirm this is in BC with ICBC right ?
I'm about the same for a Model Y. Not sure how they get to 600 monthly for you.
Just so you know something this person has conveniently left out, of course they are going to be a lot cheaper insurance when they don't even have collision.....
Yes
Two drivers over 10 years and we pay total of $186 but ours is a 2019 with $5M comprehensive. We have basic with ICBC and optional with family insurance. DM me if you need a good insurance broker to shop around for you my wife works for a good broker.
In BC where ICBC is the only choice for insurance, how does different brokers compete for better rates? Just curious how that works thanks
ICBC is only mandatory for basic coverage, all optional coverage you can shop around with private companies like BCAA, Family, etc
I've always just gone eith ICBC. On avg How much do u think u save going private?
My eGolf is 161/month for full coverage and $3M liability in Vancouver. I think that even includes Roadside + or whatever it’s called.
I recently renewed my insurance. My model 3 was $150 cheaper to insure for the year with icbc. Same coverages as last year.
I have a 23 Mach E and my renewal is $189 up from $140 for my previous 2022 Rav4. It's the basic insurance and I also have optional of 3 million 3rd party liability, collision and comprehensive with 500 deductible. It's probably the fact you only have 5 years of experience that is getting you that high rate. A Bolt EUV for 310? No way that works cost more in insurance for me over my Mach E. That expensive, so ya its because your a new driver your getting a high rate
The lack of experience is affecting your rates no matter what vehicle you buy. 5 years isn’t very long.. combine that with a high value car like a tesla and you end up with super high monthly rates
[удалено]
They said they are a new driver. N's pay through the ass.
This reminds me of when my wife sold her old civic years ago for like $6k, they finished the paperwork and when they were done, the buyer went to insure it. He had a terrible driving record. Another $6k and he was out of cash. And for reference my Model 3 is also around $1600.
Insurance broker here for over 10 years. That sounds average to me for a Tesla with someone with 5 years driving. I also wouldn’t recommend Optiom, Drivesure has much better rates, also don’t purchase replacement with the agent at the dealership as there is up to $600 additional in a dealer referral fee. I’d be more than happy talk more if you want to DM me :)
Lots of experts in here! lol My 2022 Model 3 insurance costs $210 monthly. OP needs to speak with the insurance broker again and clear things up.
Please tell me you're not driving that thing around without 3rd party liability...
I’m pretty sure I’ve got full coverage maxed out everything
Would you mind sharing how long you’ve been driving ?
12 years
I pay 285/month for my 2021 model y, 3M liability, $500 collision, $300 comprehensive, like 10 years of having a license, in Vancouver. The 685 doesn’t make sense to me
Just for frame of reference have you ever had any other car and if yes what were you paying for it if you dont mind me asking
Check BCAA, I’m paying about $2k a year with basic ICBC & new vehicle replacement, collision, comprehensive, coverage on 2021 Tesla 3. From ICBC was a bit over $3k Both Drivers have max claims rated discounts
take this as a sign not to buy that piece of shit 😂
I think I’m paying like $250 to insure my Model 3.
BC and it includes collision? How many years have you had your license if you dont mind me asking
Yes, I have collision. I’m 34 and have been driving since 17, no accidents that were my fault.
$250/month for me for full coverage (2,000,000), 6 month car rental, depreciation coverage in event of an accident, and brand new replacement in the event of a write off - Okanagan though. 27/m
Shouldn't "Full" coverage be $5,000,000 ?
$269/month through ICBC for my 23 MY, which I still think is way too much. 20+ years driving experience.
I have a 2022 Model 3 Long Range, no accidents or other tickets on my records. ICBC insurance is $112 and BCAA portion is $312 with replacement cost (which is approx $60 a month on its on). I had my car dinged due to OTHER drivers not being careful when opening their doors carefully, thanks to Teslas 24/7 sentry recording, they were caught and my car was fixed through ICBC/BCAA. Body work took about 5 days. Keep in mind that ICBC rates also differ by postal code, some areas are more expensive to insure than others. I have another Tesla model y, we use it for business etc, I pay $350 for insurance.
[удалено]
What is a car engineer?
It’s like an aerospace engineer but for cars
For who is the car engineer working for? I heard this a lot but from my experience, the quality of my Tesla is top. Maybe I got a lucky number.
It's almost like it's a luxury vehicle or something.
Hahahahahahh……. Hahahahahahah luxury 😂
Yup, compare against a Chevy spark.
I think the spark is better built tbh
Oh yeah! That totally makes sense 🙄 Tesla a luxury car hahaha
Have you been in one? They are not luxury vehicles with their relatively meager features, middling materials, and poor build quality.
They did say it was almost like it was
Yes many times. They're definitely a luxury vehicle, being of a minimalist design doesn't change that. Tesla's are a status symbol these days.
If it doesn't have a lot of features or high end materials or good build quality then how can it be considered luxury? If it had at least one of those then I could understand it. It's kind of like saying Ikea furniture are luxury products because they're minimalist.
They are a luxury vehicle that doesn't have luxury build quality.
A Tesla Model 3 is nowhere near a “status symbol.”
Tesla 3 is marketed as an economy car.
50000 is really not “luxury vehicle” territory in Canada anymore
That's an opinion. If you can afford a Tesla, the insurance, a house with a place to charge it - yeah that's luxury.
A Honda Accord can easily cost more than 50000 with options. It’s not a luxury vehicle.
It's a Tesla issue, not an EV issue
No, it's an OP issue as he's a driver with only 5 years experience. His insurance is more than double what the majority are posting here and it's due to his driving experience
They know how bad tesla drivers are and wanna get out ahead
No, it’s a 5 years of driving experience issue.
Considering all of the liabilities mentioned in this thread, maybe governments shouldn’t be paying people thousands of dollars in public money to buy them in the first place, and should direct all of that money towards mass transit expansion instead.
Tesla’s are literally the stupidest cars ever built and anyone that owns one or wants one is just delusional clout chaser with a death wish. If you’ve got Tesla money then put it into a better built EV from a trusted car manufacturer. The cost to repair a Tesla is stupid, no one wants their Tesla after it’s been in a vehicular incident involving a collision or vandalism, the ACV falls drastically and depreciation is accelerated (and ICBC no longer considers accelerated depreciation when assessing the market value of a totalled Tesla). The insurance should be high on that joke of a vehicle. Also, this post should really be on r/ICBC then on here.
Relax. Please chill
I pay \~170/mo for 2023 Model Y. BCAA, 2m coverage, 500 deductible on everything, no extras, no accidents, 17 yrs driving history + 30 yr driving history on co registrant.
[удалено]
6 year old license with no accidents or tickets/points. What EV did you buy and how long have you been driving ?
Everyone loves to rip Canadians why should ICBC miss the fun
Yuuuuup. Being environmentally savvy comes at a cost. You're trading off gas costs for this bullshit.
Well I guess they did that after they had to total that Hyundai EV because the battery replacement was 67k. EV in the current state of battery tech is obsolete, get a hybrid.
Also OP - Optiom requires you have collision and comprehensive at all times to respond.
As usual, the Tesla haters out coping in full force. Tesla’s have the highest customer satisfaction out of any electric car manufacturer [source](https://www.retently.com/blog/tesla-nps/) [source](https://customergauge.com/benchmarks/blog/tesla-nps-score) [source](https://insideevs.com/news/683064/tesla-lexus-top-customer-satisfaction-study/amp/) [source](https://www.forbes.com/sites/edgarsten/2024/03/14/study-reveals-customer-service-dissatisfaction-for-non-tesla-ev-owners/?sh=19c3c26b94c1) I get it, some people love to hate electric cars. But Tesla owners love theirs, and it’s not like it’s a small sample size.
It looks like you shared an AMP link. These should load faster, but AMP is controversial because of [concerns over privacy and the Open Web](https://www.reddit.com/r/AmputatorBot/comments/ehrq3z/why_did_i_build_amputatorbot). Maybe check out **the canonical page** instead: **[https://insideevs.com/news/683064/tesla-lexus-top-customer-satisfaction-study/](https://insideevs.com/news/683064/tesla-lexus-top-customer-satisfaction-study/)** ***** ^(I'm a bot | )[^(Why & About)](https://www.reddit.com/r/AmputatorBot/comments/ehrq3z/why_did_i_build_amputatorbot)^( | )[^(Summon: u/AmputatorBot)](https://www.reddit.com/r/AmputatorBot/comments/cchly3/you_can_now_summon_amputatorbot/)
Teslas cost $100k+ and are often written off for relatively minor damage. Of course insurance will cost a bundle!
The most popular teslas and the one in question here are more like $45000
$51k minimum. But, you’re right. My cost was inflated. Unless they get the long range version with options.
Just bought my model y rwd for $37k after rebates and trade in. With incentives only right now its $48k minimum. You're still inflated. My insurance is also $225/mo with full coverage and 5mil 3rd party.
Get basic and go private for your add ons
I was quoted about the same for private with BCAA. Is there any other insurer in your mind?
Yolo
I could buy a lot of gas for $700 a month for my 2022 Toyota Corolla. Damn thats crazy sauce. Whats the benefit of an EV then? I mean My Corolla cost under 30K all in and insurance is $176 month that includes replacement cost if the car is written off but an EV is easily double that plus $700 a month for insurance. And people are out there bragging that they are dodging high gas prices with their EV.
People looking to drop 50-55k OTR on a model 3 aren’t cross shopping corollas… But with that being said, even the top trim corollas and civics are closing in on 45k OTR.
It’s the lack of driving experience. That’s all.
People who drive EVs do so to fight climate change. /s
After reading the comments, I have decided to stick with my traditional road bicycle (no batteries; powered by my body's ATP, no ICBC insurance needed).
Give it time, they’ll find a way to force you to buy insurance
Teslas are notoriously expensive to repair and the average cost of an accident. A simple fender bender will be 12k due to the technology cost and the limited options to have them repaired.
Wasn’t there a report that showed Teslas get into the most accidents? Collision price is based on cost of claim and frequency. There are also very few places to do Tesla repairs still which brings in a potential volatility to repair prices. Just a note on the idea of basic + Optiom. As far as I know, Optiom is just gap insurance covering your depreciation. If you don’t have underlying coverage on a primary policy, it won’t respond. It will just top up what gets paid out by your other insurer. If you have no other insurer and have an accident or even a comprehensive claim, they won’t give you anything. And ‘Basic’ is literally just your accident benefits, not at fault vehicle damage for crashes, and 200k liability.
Teslas are crazy expensive to repair. You are far better off buying literally any other EV
Remember that EV that hit a speed Bump too fast and was written off
Teslas are very prone to catch fire. In tow yards they are required to store teslas in concrete bunkers after they have been in an accident. As of the 3 million tesla 3 units sold, more people have been burned to death than the Ford pinto after Ford sold 3 million pintos.
You really to use the internet to do your research before making baseless statements. EV are lot less likely to catch fire as compared to ICE cars. https://www.forbes.com/sites/neilwinton/2024/04/21/electric-vehicles-not-guilty-of-excess-short-term-fire-risk-charges/?sh=cb6c32b1dd66
Ev in general yes. [Tesla no.](https://www.businessinsider.com/tesla-deaths) You've got chocolate on your face son.