Figured I'd compare the cost of Insurance between an EV and a ICE Vehicle.
As I've mentioned previously, insuring an EV usually costs more and going by these results it seems nothing has changed.
I chose to use AAMI for the quotes.
I chose a 2024 Tesla Model Y Rear Wheel Drive & a 2024 Kia Sportage GT-Line Diesel...
The value of both are within a couple of thousand dollars of each other.
Driver details and location used were exactly the same for both vehicles.
I opted for agreed value so I could set both the same. ($53900)
I also chose windscreen and window glass coverage for both.
The lowest excess I could select for the Tesla was $1325 so I increased the excess from a low $750 for the Kia up to a similar level to the Tesla to make the comparison more even.
Unsurprisingly the Tesla still cost heaps more than the Kia: $1749.62 compared to $ 960.97...
Definitely another downside to EV ownership...well, it is as far as I'm concerned.
