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RodTrojan

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Live in Southern California and just got my auto insurance renewal. Anyone happy with their auto insurance company that gives a good rate and fair support? Please let me know.
 
RodTrojan said:
Live in Southern California and just got my auto insurance renewal. Anyone happy with their auto insurance company that gives a good rate and fair support? Please let me know.
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You're looking for a good rate and fair support? I think you may be residing on the wrong planet! I'm guessing your renewal reflected what just about everyone has groused to me about lately... which is a huge rate increase with no associated change to your risk profile. That seems to be the case not only with autos, but also with homeowners insurance and personal liability insurance... assuming you're lucky enough not to have been dropped entirely. It seems like insurance companies no longer seem to be in the risk management business. Go figure!
 
Buffalo Bob said:
You're looking for a good rate and fair support? I think you may be residing on the wrong planet! I'm guessing your renewal reflected what just about everyone has groused to me about lately... which is a huge rate increase with no associated change to your risk profile. That seems to be the case not only with autos, but also with homeowners insurance and personal liability insurance... assuming you're lucky enough not to have been dropped entirely. It seems like insurance companies no longer seem to be in the risk management business. Go figure!
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Insurance on EVs in general and the Lucid in particular has gone through the roof!

While there are still some insurers who would write policies for EVs and Lucids, many have increased their EV rates to almost 2X of an equivalent ICE car.

Some added premia are "legitimate" because many EVs that encountered even minor accidents are "totaled". Part of this is legitimate (e.g., the battery pack is compromised). Some of it is an infrastructural problem. Specifically,

> EVs in the US amount to ~1% of the vehicles in the US. While EV sales have increased year-on-year, this phenomenon is only 3-4 years old.
> Because most US EVs are still "under warranty", most (all?) of the repairs are done by factory shops. There are few if any, 3rd party shops around.
> Replacement parts are hard to get. There are no after-market parts. You have to get it from the manufacturer. that means long wait times and high costs.
> Insurance adjusters are not trained to properly assess the damages. Often they default to just totaling the car, hence the high cost and premium.
> With EVs at only 1% of the total vehicles on the road, there is little incentive for the insurers to make their EV insurance rates "competitive".

I am not an expert on insurance and car repairs. I think it will take a while to get the EV-repair ecosystem developed; perhaps years!

That said, there might be a niche market for some insurers who can become an expert/first-mover in the EV insurance marketplace. We can only hope!

Meanwhile, insurance costs will be high!
 
The insurance rates for my Volvo V60 Polestar plug in hybrid are $50/month more than the XC40 EV I had before, so the PHEV is more than the EV. The Lucid’s rates actually didn’t increase at all on my renewal, this is with Geico.
 
RodTrojan said:
Live in Southern California and just got my auto insurance renewal. Anyone happy with their auto insurance company that gives a good rate and fair support? Please let me know.
Click to expand...
Mine went up to about $200/m
 
Bobby said:
Mine went up to about $200/m
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Yeah, if I stayed with the same insurance company, mine would have gone up by about the same amount. I am insuring two EVs, the Lucid and the Rivian R1S. the R1S is about 1/2 the rate of the Lucid.

Not every insurance company is charging a higher premium for EVs. But more and more of the big guys are doing that.

My sense it, it will get worse before getting better.

Key is getting the insurance adjusters trained and getting 3rd party repair shops on line. I think the many laid-off Tesla workers will be a great asset to get this 3rd party stuff going! :-)
 
RodTrojan said:
Live in Southern California and just got my auto insurance renewal. Anyone happy with their auto insurance company that gives a good rate and fair support? Please let me know.
Click to expand...
Dream on!
 
Just got my 6 month renewal with Geico and my Lucid went up $40 a month so $240 extra every 6...

Shopped around to Allstate, State Farm and they had higher prices.

Meanwhile a bunch of other companies dont serve SoCal/California in general or request you to call for more info etc

It is awful.
 
LucidPez said:
Just got my 6 month renewal with Geico and my Lucid went up $40 a month so $240 extra every 6...

Shopped around to Allstate, State Farm and they had higher prices.

Meanwhile a bunch of other companies dont serve SoCal/California in general or request you to call for more info etc

It is awful.
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I think EV insurance rates will stay high as it is an immature segment of the auto market. Replacement parts to fix damaged cars are hard to get and expensive. Only a limited number of shops can perform the repairs. The tight integration of the battery pack, the undercarriage, and the rest of the car makes it challenging to repair. Insurance adjusters are not well-trained in accessing the damages and repairability rand often defaulting to unnecessarily totaling the entire EV.

With low-volume EVs like the Lucid, these problems are much worse.
 
BS8899 said:
Insurance on EVs in general and the Lucid in particular has gone through the roof!

While there are still some insurers who would write policies for EVs and Lucids, many have increased their EV rates to almost 2X of an equivalent ICE car.

Some added premia are "legitimate" because many EVs that encountered even minor accidents are "totaled". Part of this is legitimate (e.g., the battery pack is compromised). Some of it is an infrastructural problem. Specifically,

> EVs in the US amount to ~1% of the vehicles in the US. While EV sales have increased year-on-year, this phenomenon is only 3-4 years old.
> Because most US EVs are still "under warranty", most (all?) of the repairs are done by factory shops. There are few if any, 3rd party shops around.
> Replacement parts are hard to get. There are no after-market parts. You have to get it from the manufacturer. that means long wait times and high costs.
> Insurance adjusters are not trained to properly assess the damages. Often they default to just totaling the car, hence the high cost and premium.
> With EVs at only 1% of the total vehicles on the road, there is little incentive for the insurers to make their EV insurance rates "competitive".

I am not an expert on insurance and car repairs. I came across https://costco.pissedconsumer.com/customer-service.html while reading about related experiences. I think it will take a while to get the EV repair ecosystem developed; perhaps years!

That said, there might be a niche market for some insurers who can become an expert/first-mover in the EV insurance marketplace. We can only hope!

Meanwhile, insurance costs will be high!
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I’m in Southern California too and have had a good experience with Wawanesa. Their rates are reasonable, and their customer service has been solid. AAA is another good option, especially if you bundle. Worth getting quotes from a few to compare.
 
WTF, does anybody else have GEICO? I’ve had them for awhile and they’ve always been reasonable but what they’re quoting me for Gravity would literally be more than my monthly payment on the Gravity???
 

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I called GEICO and the rep said that’s what their quote really is. I explained to her it’s cheaper to insure a Lamborghini and there must be some mistake and could she escalate and figure out what the mistake was, and she said nothing she could do, thanks for choosing GEICO, goodbye. That’s quite annoying as GEICO in the past has been great for me, and I had an experience from hell with Esurance when I scraped the bumper on my Air, but screw them, they clearly don’t want my business.
 
State Farm was a LOT cheaper.
 
nashvillelucid said:
State Farm was a LOT cheaper.
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Yeah if you’re in TN insurance is way cheaper. Do they even make you have liability? I grew up in Chattanooga and they didn’t but that was while ago. I live in Rhode Island now which I think is the 3rd most expensive to insure in the US. I’ll probably just switch to Progressive, really amazed GEICO wasn’t even willing to investigate if that quote made sense. Because I was sure their quote was wrong, I ended up redoing the quote myself without my VIN as a 2025 Gravity and it was $5700 for 6 months (includes my Volvo V60 Recharge also) so way less than the $12k the fool on the phone insisted was correct, but screw them if they can’t do their own quote correctly, I’ll switch to progressive. I hope nobody has had trouble with Progressive? I’m leery after the nightmare with Esurance, so I also got a quote from Amica also and I know they’re excellent and it was $5100 for both cars, so would rather have a more expensive but quality insurer than a cheap one that will try to screw you on claims.
 
Wouldn't it would be great if Lucid partnered up with an insurance company to help bring down rates. Just a thought.
 
Bunnylebowski said:
The insurance rates for my Volvo V60 Polestar plug in hybrid are $50/month more than the XC40 EV I had before, so the PHEV is more than the EV. The Lucid’s rates actually didn’t increase at all on my renewal, this is with Geico.
Click to expand...
A couple of years ago I went from a BMW to an EV and my rate stayed about the same -- GEICO.
 
My $97k Lucid costs about the same as my $30k Model 3 with Safeco. Some companies don’t rate solely on replacement cost, they rate on accident frequency and safety. Lucid are very, very safe cars with lots of safety tech.

Tesla, however are known in the industry for shoddy software and poor build quality, expensive parts, and lots of accidents. As such, a Lucid that costs as much as THREE Teslas costs about the same to insure.
 
Here in OC - we shopped around and found the lowest premiums to be from Costco Connect - AmFam Insurance. They're taking new customers again...
 
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