Insurance rates are based on your location, your age, your driving record, your credit report, multi-car discounts and the damageability of the vehicle. Insurance rates also vary greatly between insurance companies. Count your blessings you’re not in Florida as you could easily double your stated rates.

@EVandChill

2 жыл бұрын

True which makes the Kia’s rate even more surprising because all rates for the other EVs had the same factors.

@royale192

Жыл бұрын

@@EVandChill insurance rates like he said can vary. But your cost seems kinda higher. Especially compared to the tesla model y performance

@Thug9030

Жыл бұрын

@@EVandChillI’m considering a Tesla model y performance wondering what insurance do you have that rate isn’t to bad

Great video, insurance is a topic that is rarely covered. I have noticed that my insurance has been increasing since 2018 by about 30%. That is on a car that I bought new in 2009. The premiums were steadily decreasing as one would expect as the car ages but inflation and the pursuit of profits has overtaken that. I shudder to think what I will be paying when I buy an EV. I wish I could buy your EV6 (I love the colour) but I wouldn’t be able to license it in Canada.

Majority of insurance costs is in the liability and uninsured liability portion of the insurance. If I remember you also recently moved so that may have a little bit to it as well. When a new model comes it, sometimes the insurance rates take a bit of time to adjust to the actual costs and 2nd year rates tend to skyrocket.

I would love your rates. Here in Texas my EV6 GT Line AWD is 180 a month. The last time this happed was when I got the 2015 Mustang GT. After it was on the market for a bit my insurance dropped a lot.

Does your heat work?

Great video. My west coast insurance cost for the Tesla Model Y Long Range is $848 for the year. That policy includes 2 other cars, a homeowner's policy, and 2 motorcycles so there are some bundling discounts in there. The other vehicles are older so they cost much less than the Tesla. One of the motorcycles is a very high performance vehicle but that doesn't seem to impact insurance costs.

I recently felt the pain of insurance! State farm ended up being the cheapest for best coverage for me :) PS: How do you simultaneously give off frat boy energy with an accountant's mindset? Love it!

Shannon…you guys seem such experts…based on your knowledge and experience with ev’s, on total balance..what EV would you recommend at this time? I have had a MYLR on order since last January…out to September which I’m sure will push out again. Should I just cancel it and order something else? What think ye? Thx and all the best! Greg

@Bygkydcmc

2 жыл бұрын

I am in the same boat with a MYLR ordered in January now saying Oct-Dec. I ended up buying an Ioniq5 in February and I love it. I haven't cancelled my Model Y order since the order is non-refundable and you never know what could happen between now and when the vehicle finally comes in. Right now I am leaning towards not taking delivery, but we'll see.

The price difference between the Model Y performance and the EV6 will pay for a lot of insurance.

I am lucky being with USAA from my Army service. I live in Los Angeles (generally known for high-cost insurance) and drive a Ford MME. We have 6-Month policies, but if you annualize them I am paying $1,100.88 a year.

Gr8 singing voice. You should go to your insurance company and demand that you pay the same rate as your Tesla or have them give you, in writing, the reason for the rate discrepancy. Gr8 vid as always, Shannon. 🌺🚙 🇺🇸

My 2022 Tesla LR Y on Long Island is $3200 for the year. I’m also 60 with clean record. Can’t wait for Tesla insurance to come to NY

Heh heh. You know what song comes to mind for me when the subject of "money" comes up? ABBA's "So Long"! As for Mustangs (and this will date me!), I always think of Steve McQueen in "Bullitt." I suspect that, just like everything with current inflation, insurance prices are simply going up and up. I paid less to insure our Model 3 when only a year old ($941.28) than I'm paying now ($1,243.02), i.e., just slightly less than your EV6. Mmmmaybe the Rivian estimate was a smidgeon lower because your insurance company factored in the cars that you now currently own, which gave you a "multi-policy" discount…?

Do you use the same company for insuring all the cars? Would you mind sharing which company?

@EVandChill

2 жыл бұрын

Yep, all through USAA

We pay 155 a month for our Mach-e with 250/250 deductible and 250k/500k coverage

Maybe if you compared all these vehicles with another insurance company, you might have different numbers completely. The EV6 might be the cheapest. Not sure without checking. I only pay $856 per year for my EV6.

Maybe if its from South Korea, replacement parts would be expensive to import for repairs

eh that's super cheap... in FL is at least $900-$1100 per 6 months

My quote for insurance on the EV6 is so much less than what you pay. Maybe other factors are in play too.

@EVandChill

2 жыл бұрын

Maybe but I would think those factors would affect my other EVs as well

All but sympathetic to your $200 annual increase. Homeowner, multi vehicle, excellent credit and clean driving record in the tri-state with a sports car. I pay multiples over your premium and I'm not complaining. There's more to premiums than car price, performance or parts availability. Driver demographics and likelihood of theft (read: vehicle security system, for example tesla's sentry mode) are two factors you seem to have omitted. Area of residence also plays an enormous role and alters how much weight the other factors are given.

Cost of insuring my EV6 GT-Line AWD annually is $700. Yes underwriting insurance makes no sense. Looks like they just pick a number.

Ev6 safety ratings are maybe not as well as the Tesla ?

Here in California I pay 1730 for the Tesla performance and 1400 for the Kia EV6.... Crazy!

@EVandChill

2 жыл бұрын

Wow!

@ro4056

2 жыл бұрын

@@EVandChill oh and that's with a clean record ( no accidents) and driving for 20 years.... don't get me started on EV rate charging. Tesla supercharger is .59 a kwh and Electrify America is .43 . Living in sunny California

@EVandChill

2 жыл бұрын

Well how else is Gavin Newsom going to give money to everyone??

@ro4056

2 жыл бұрын

@@EVandChill hahahah I see you ot jokes 🤣 😝

SHE IS POPPIN!!

You look great sunshine Shannon...............miles to go before I sleep

EV6 is a brand new platform. That's why. Cost of repair. Tesla has been around for quite a long time and parts are easier to get.

@EVandChill

2 жыл бұрын

True but when I had the Mach-E and Ioniq 5, those were new platforms at the time as well.

@philhyde983

2 жыл бұрын

@@EVandChill Repair and/or replacement cost is the only thing that makes sense to me. Surely it's not due to safety. Did you check with your insurance co to see what the IONIC 5 would cost now?

For the record, you did scratch up your Model 3, a bit. Just didn’t report it to your insurance company? Lol!! Cheers!!

@EVandChill

2 жыл бұрын

Paul! Sssshhhhhh 😉

It's your color, green lantern.

I feel sorry for electric car drivers and future owners. They will simply have to learn the hard way .. as I did. These things are a huge hassle, all those lost hours sitting in those charging stations, huge anxiety, plus a outrageous expense in the long run. Good luck trying to sell a used Electric car with wore out battery modules. You'll find out nobody wants to pay the ridiculous price of batteries ... Batteries are very ... very expensive to replace ( thousands of dollars) ... and make no mistake, you will be replacing them. These batteries are highly toxic to our environment, with a high potential for disaster to our surroundings. LITHIUM BATTERIES ARE NOT GREEN CLEAN ENERGY BY ANY MEANS! ... I wish I knew all this before I bought my car . Do your homework before buying !

Doesn't make sense

“We absolutely love it” and sold it in half a year. You guys are everything I dislike in people.

@EVandChill

Жыл бұрын

Aw poor Cezar. Are your feelings hurt now? Go get yourself an ice cream 😂

@idonotcarenow

Жыл бұрын

@@EVandChill truth hurts? Don’t be smug. I’ll have an ice cream anyways, I don’t need your permission.

@EVandChill

Жыл бұрын

Make sure you have your bib on and remember to always obey your parents.

@idonotcarenow

Жыл бұрын

@@EVandChill nice one, you got me you pompous smug.

@EVandChill

Жыл бұрын

😘

lol ! Toy car..

Anyone going to mention how he jumped back into the market in March and proceeded to lose tons of money for himself and anyone who followed his trades

Useless. How many insurance companies did you sample??? What state are you in? Every state is different.

Who cares about the price of insurance when you own a Tesla and an Ev6.... if you're willing to throw money like that at car payments, then you don't care about paying the insurance that goes with it. I know I'm going to be mean, but your voice... I don't know how your husband puts up with this... you should let your husband make videos.

@EVandChill

Жыл бұрын

Haha you feel better now you ole keyboard warrior? Did you finally go eat a Snickers or go take your meds? I have extra pads if you need some lol.