One Reason EV Owners Pay Higher Insurance Rates

[ElectrifyingMe25]

This is a YouTube video that documents a man's fight to save his F150 Lightning Flash from getting declared totaled. This fight was the result of an undercarriage protection plate getting slightly bent in an accident when the owner ran off the road. The battery was totally protected by great Ford enginerring design. This happened in Canada. It's a very interesting story of great engineering vs. Incompetent insurance companies.

Sponsored

 

[mr.Magoo]

The other scenario would be that they say "eh, it looks alright"

Runs some internal tests and it all seems fine, but internally there is some damage that can't be caught at that time and it could even be unrelated to the initial accident. Fast forward a month or two and the Smith Family is out driving and the battery for one reason or another catches fire and somehow the vehicle ends up off the road killing and everyone onboard.

Imagigne the headlines and the gazillion dollar lawsuit that follows.

Sometimes it isn't about what makes practical sense, sometimes it's just about risk mitigation and liability.