Teslas are often classified as total losses after accidents: What this means for insurance premiums and why electric cars are more expensive to repair.

Teslas are often classified as total losses after accidents: What this means for insurance premiums and why electric cars are more expensive to repair.

According to a report by efahrer.chip.de,

Many car insurers also classify new Tesla vehicles as a total loss after an accident. This is due, among other things, to the battery, which needs to be replaced frequently for safety reasons.

The issue of damaged electric cars, particularly Tesla vehicles, and their classification as total losses by insurance companies sheds a lot of light on the rising repair costs and insurance premiums associated with electric vehicles. A report shows that many damaged Teslas that could still be repaired are classified as total losses. This shows the increasing pressure on the auto insurance industry and electric car manufacturers.

The insurance companies apparently calculate repair costs of up to 50,000 US dollars and then prefer to write off the electric cars as a total loss. This could lead to significant financial losses for vehicle owners and increased electric car insurance premiums.

The study also shows that damaged batteries in electric vehicles, which have a higher risk of fire, contribute to the high repair costs. This applies not only to Tesla vehicles, but also to other manufacturers and their electric vehicles. In addition, sensors and electronics for modern assistance systems also increase repair costs for all vehicle types, regardless of their drive type.

Overall, it is clear that rising repair costs and the classification of damaged electric vehicles as total losses can have a significant impact on the insurance market and consumers. Insurance premiums for electric vehicles are expected to continue to rise in the future and electric car manufacturers may be forced to make changes to the design and software of their vehicles to reduce repair costs.