article thumbnail

EVs appear to be more accident prone

Auto Service World

Electric vehicles, given their higher acceleration rates, may be more accident-prone than their slower counterparts, according to new insurance data. This is particularly relevant as many newer electric vehicles boast zero-to-60 mph times that rival or exceed those of high-performance gasoline cars.

article thumbnail

How EVs will impact insurance rates

Auto Service World

Canadian electric vehicle owners might face higher insurance premiums in the near future, according to a recent report by Morningstar DBRS.

Insurance 290
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

From the Magazine: Collision repair at a crossroads

Auto Service World

Insurance claims, arguably the largest driver of revenue, were down which directly impacted collision topline. If a vehicle gets too expensive to repair, insurance companies are more likely to write it off, depriving the market of revenue. Many independent shops went out of business.

article thumbnail

Understanding Insurance Options for Modern Vehicles

Auto Service World

Source Modern problems need forward-looking solutions; nowhere is that truer than in the present-day automotive scene, where, as we see more technological advancements make their way into modern vehicles, we also notice an adjacent major shift in car insurance. How is Technology Shaping Car Insurance?

Insurance 130
article thumbnail

How Canadians are feeling towards EVs today

Auto Service World

Canadians need more education around everything related to electric vehicles, a new report suggested. That includes more details about ownership, infrastructure and insurance.

Insurance 290
article thumbnail

Honda Civic, Accord, and CRV- Common Maintenance Problems and How to Avoid Them

Tomorrow's Technician

In 2014, the Accord was equipped with electric power steering. Being attentive to the electrical system and the condition of the battery can prevent such situations from getting worse, leaving the driver in the middle of nowhere. Does car insurance cover these maintenance problems for Hondas? The good news?

Insurance 162
article thumbnail

While EV Sales Slow, Insurance Claims Rise

Brake & Front End

and Canadian claims data on battery electric vehicles (BEVs), mild hybrid electric vehicles (MHEVs) and plug-in hybrid electric vehicles (PHEVs) — highlighting how differences in their complexity and construction are affecting claim costs and repair operations. and $5,302 in Canada, according to the report.

Insurance 130