Bombastinator2
Well-known member
- Joined
- Jan 3, 2024
- Messages
- 752
I would love mileage based charges, but it’s difficult to enforce. I’m not sure how this one will come out.Likewise in Washington…all told $300 a year. Not to mention super high insurance cost ostensibly because of higher repair costs. I am a convert to mileage based charges for both!
The repair costs are lower UNLESS the battery gets hit, in which case they are MUCH higher. Insurance companies deal with the rule of large numbers a lot. If the repair costs are higher the insurance companies will have pretty accurate data. They’re heavily regulated. If they collect too much money for the claims made they actually have to give it back. This very rarely happens with cars simply because the data is THAT accurate. It does occasionally happen with home insurance though because predicting the weather is hard.
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