That's not always true; some insurance plans, like mine with PURE, are "agreed value" insurance, rather than "actual cash value," and thus they may insure the MSRP without the discounts, as the replacement cost may change and you could argue for them to insure it at the higher value in case the discounts go away.
Wish I was UHNW…
Lack of a long driving history always kills rates with boutique insurers for me. Guess I just need to grow up. (Can rent a car on my own tho! Yay!)
Haha, we have literally all been there.
I think they factor in how often the car is stolen. Honda CR-V is one of the most commonly stolen cars in the US. I bet Lucid isn't.
That works even in more favor for the EV....I suppose I could stash an airtag in the CR-V so I can track it on an app like the Lucid....I don't think that State Farm would lower my rates then.
I don't think they make pricing decisions based on individuals tracking or not their cars. They use countrywide statistics. In general, EV theft levels are much lower than the ICE ones.
No, but they would if you got OnStar or LoJack or some similar vehicle recovery and/or disabling mechanism. There is almost always a discount for that.
