Hey Mike, thanks for making this video. I'm tired of those youtubers saying crap about evs, and insurance cost is one of them. Ev insurance price is not very different than gas car insurance.
Thank you Jesus, that’s the reason for making the video. I’m trying to actually help people with my videos with real information/experiences not just saying something against EV for the fun of it.
We have insurance through Farm Bureau. We live in North east TX. This is our run down: $109 per month full coverage for my 2023 Chevy bolt 2LT $134. Per month full cov for the wife’s 2024 7 passenger 4 runner $111 per month full cov for the 2015 1 ton passenger van with the 6.0 liter LS and 6 speed Allison transmission $75 per month gen liability for our 16 yr old sons 2007 mustang V6 with a manual transmission $66 per month gen liability for our 20 yr old son 2009 Honda accord (he’s in college) $125 per month full cov for our 19 yr old daughters 2017 Chevy bolt base
That’s crazy. I’m not sure what your current gas vehicle is, but with the amount of people getting great deals on here. I’m sure there is another company you can get a great deal with.
2021 Sienna, 2 over 35yo, San Diego, CA, AAA, $1,400/yr. 2003 Yukon XL 2500 8.1, $550/yr. ($140/yr registration) I tried to math it as hard as I could, to justify replacing my towing rig (Yukon XL), but after depreciation, registration, insurance and maintenance/repairs, couldn't justify it. The Lightning insurance alone, (2,833/yr) is 21 "Free" miles a day, for me in my situation. ($4.30/gal @ 12mpg) I'm about 3 years away from starting to add kids to my insurance, really not looking forward to that. Looks like they are each going to get a Prius. Ha Ha. Thanks for the break down.
Hey Nate, thanks for watching. Yeah it may not work for you but if you are just going off of my number. Make sure you get your own estimate because it seems like your Sienna is much cheaper than mine so the Lightning might be too. Then when you add the kids give them old cheap cars with liability only :-)
One of the first calls I made before buying my Lightning was to my insurance agent; it turned out it was only a little more expensive than the insurance on my previous vehicle, a 2012 Kia Sorento. We were both surprised it wasn't more, if only because of the value of the vehicle. I won't bother with the price because there are LOTS of factors which affect it, including deductible amounts.
Live in Canada , and it went from 1350 on a 2023 Chevrolet Silverado ZR2 with an MSRP of 94500 . Now it is 2300 with a 2023 ford lightning platinum with an MSRP of 117500 . Saving on fuel, but they get you other ways !!
That’s good to know. Yeah it surprised me too how cheap it was compared to how much I thought it was going to be. Although, insurance in general keeps going up here in Colorado Springs for sure.
My insurance went down with my 2023 Lightning compared to my gas GMC Sierra 2500. I'm out in Park County, CO and I'm paying about 570 or 94ish a month. It was not what I was expecting. I thought the cost would go through the roof with my truck, but it was not bad. Also, no kids on policy, that's always sky high, especially for boys. I feel your pain.
Thanks Brian! Yeah kids on a policy is crazy. We did have my daughter on the lower policy number that I talked about, but I forgot the timing on that so I forgot to mention it, which is probably why it was higher too. When she turned 18 it was cheaper to get her on her own policy so we did, but then added my son a few months later :-( Anyways that’s a great deal on yours for sure.
My 2023 Lariat Lighting insurance cost me less then my 2022 Lincoln Corsair Grand Touring. The Lariat $80,000 and the Lincoln $68,000. Kind of a head scratcher for me.
If you have a clean driving record. No tickets or accidents: I pay $523 for My lightining, and $567 for My Tesla Model 3 and $764 for my Moidel S. That's Every 6 mos.
HEY MR MIKE MY LIGHTING WAS ONLY 43000,00 BUT I PAY 156,00 A MOUNTH THATS COMPERHENSIVE ONLY ON A F250 PLATNUM THAT I DONT DRIVE INCLUDED IN THAT PRICE NO ICE HERE JUST BUNCH CRAZY PEOPLE F250 2015 WITH 20.000 MILES 2022 F150 27000 MILES INSURANCE WHET UP ALOT LOT THAT WITH 500 DEDUCTABLEC
Seems like you have a good deal. I’m not sure I could go without collision coverage. Colorado is so crazy with weather and a lot of drivers here don’t have insurance.
@@F150LightningMike I got collision on the lightning. I don’t have it on the F250 because I don’t drive it. It’s just insured for like a fire or somebody running into it while it’s parked.
Lots of shitty assumptions about my State. Sigh. Nah, I don’t pay much for insurance, if I were to be a cheapskate I’d pay $168/mo for both my Tesla and RAV4. But I can afford my EV.
The cost of most ev insurance policies are officially low in most states as they are subsidized by everyone else. Most regulated states give insurance companies a hard time pricing evs at the rate they should because they are pushing an electric agenda. I'm in the business and that is a fact that is never public.
Hey Mike, thanks for making this video. I'm tired of those youtubers saying crap about evs, and insurance cost is one of them. Ev insurance price is not very different than gas car insurance.
Thank you Jesus, that’s the reason for making the video. I’m trying to actually help people with my videos with real information/experiences not just saying something against EV for the fun of it.
We have insurance through Farm Bureau. We live in North east TX. This is our run down:
$109 per month full coverage for
my 2023 Chevy bolt 2LT
$134. Per month full cov for the
wife’s 2024 7 passenger 4
runner
$111 per month full cov for the
2015 1 ton passenger van
with the 6.0 liter LS and 6
speed Allison transmission
$75 per month gen liability for our
16 yr old sons 2007 mustang
V6 with a manual transmission
$66 per month gen liability for
our 20 yr old son 2009
Honda accord (he’s in
college)
$125 per month full cov for our 19
yr old daughters 2017 Chevy
bolt base
Those are some good prices. I may have to look around for some better deals. Thank you for letting me know.
Thanks Mike!
You’re welcome!
my insurance company won't insure Tesla's, and the best quote I got was 400% higher than my gas vehicle
That’s crazy. I’m not sure what your current gas vehicle is, but with the amount of people getting great deals on here. I’m sure there is another company you can get a great deal with.
GEICO and USAA
Yep
2021 Sienna, 2 over 35yo, San Diego, CA, AAA, $1,400/yr.
2003 Yukon XL 2500 8.1, $550/yr. ($140/yr registration)
I tried to math it as hard as I could, to justify replacing my towing rig (Yukon XL), but after depreciation, registration, insurance and maintenance/repairs, couldn't justify it.
The Lightning insurance alone, (2,833/yr) is 21 "Free" miles a day, for me in my situation. ($4.30/gal @ 12mpg)
I'm about 3 years away from starting to add kids to my insurance, really not looking forward to that. Looks like they are each going to get a Prius. Ha Ha.
Thanks for the break down.
Hey Nate, thanks for watching. Yeah it may not work for you but if you are just going off of my number. Make sure you get your own estimate because it seems like your Sienna is much cheaper than mine so the Lightning might be too. Then when you add the kids give them old cheap cars with liability only :-)
One of the first calls I made before buying my Lightning was to my insurance agent; it turned out it was only a little more expensive than the insurance on my previous vehicle, a 2012 Kia Sorento. We were both surprised it wasn't more, if only because of the value of the vehicle. I won't bother with the price because there are LOTS of factors which affect it, including deductible amounts.
Live in Canada , and it went from 1350 on a 2023 Chevrolet Silverado ZR2 with an MSRP of 94500 .
Now it is 2300 with a 2023 ford lightning platinum with an MSRP of 117500 .
Saving on fuel, but they get you other ways !!
That’s good to know. Yeah it surprised me too how cheap it was compared to how much I thought it was going to be. Although, insurance in general keeps going up here in Colorado Springs for sure.
My insurance went down with my 2023 Lightning compared to my gas GMC Sierra 2500. I'm out in Park County, CO and I'm paying about 570 or 94ish a month. It was not what I was expecting. I thought the cost would go through the roof with my truck, but it was not bad. Also, no kids on policy, that's always sky high, especially for boys. I feel your pain.
Thanks Brian! Yeah kids on a policy is crazy. We did have my daughter on the lower policy number that I talked about, but I forgot the timing on that so I forgot to mention it, which is probably why it was higher too. When she turned 18 it was cheaper to get her on her own policy so we did, but then added my son a few months later :-(
Anyways that’s a great deal on yours for sure.
My 2023 Lariat Lighting insurance cost me less then my 2022 Lincoln Corsair Grand Touring. The Lariat $80,000 and the Lincoln $68,000. Kind of a head scratcher for me.
That’s awesome! It’s great to hear that.
If you have a clean driving record. No tickets or accidents: I pay $523 for My lightining, and $567 for My Tesla Model 3 and $764 for my Moidel S. That's Every 6 mos.
That’s great. What state are you in?
HEY MR MIKE MY LIGHTING WAS ONLY 43000,00 BUT I PAY 156,00 A MOUNTH THATS COMPERHENSIVE ONLY ON A F250 PLATNUM THAT I DONT DRIVE INCLUDED IN THAT PRICE NO ICE HERE JUST BUNCH CRAZY PEOPLE F250 2015 WITH 20.000 MILES 2022 F150 27000 MILES INSURANCE WHET UP ALOT LOT THAT WITH 500 DEDUCTABLEC
Seems like you have a good deal. I’m not sure I could go without collision coverage. Colorado is so crazy with weather and a lot of drivers here don’t have insurance.
@@F150LightningMike I got collision on the lightning. I don’t have it on the F250 because I don’t drive it. It’s just insured for like a fire or somebody running into it while it’s parked.
That’s still a better deal on insurance than what I have. Great job!
My Tesla insurance is no different than before. I thought I’d be paying through the nose, but nope. No teenager to add though. Phew
Good to know. Yeah the overall consensus from everyone that actually has an EV is that it is about the same or cheaper.
And I live in SoCal, land of rip off
I’m glad to hear it’s not too expensive in California for you. I actually thought that it would be higher in California because of all of the EVs.
Lots of shitty assumptions about my State. Sigh. Nah, I don’t pay much for insurance, if I were to be a cheapskate I’d pay $168/mo for both my Tesla and RAV4. But I can afford my EV.
Sounds like it.
200/month for 2014 honda odyssey, 2009 Subaru forester, 2023 f-150 lighting. My son destroyed my value -- idaho
That’s a great deal. Good job! It’s great to hear I’m not the only one with high priced teenage drivers :-)
The cost of most ev insurance policies are officially low in most states as they are subsidized by everyone else. Most regulated states give insurance companies a hard time pricing evs at the rate they should because they are pushing an electric agenda. I'm in the business and that is a fact that is never public.
That’s interesting info. I’ve never heard that before.
Hmm show proof of this then. I’ve never seen or heard of such things. So I’d like you to provide hard proof if this is to be believed.
If you have some evidence that would be nice.
Insurance has no bearing on why I won't buy an EV.
It was not a factor on my purchase either, but it would have concerned me if it was super high.
EVs are driving up endurance for everybody.
Edit:insurance not endurance.
Not sure that’s the case at all if you read others comments.
I thought Driving up endurance was a good thing.
@@F150LightningMike insurance not endurance. Damn autocompiler!
Nope.
@@johnnyquid-xj4kk if you know an insurance adjuster, ask him.
Money aside, electrified vehicles (even hybrids) are a nightmare for first responders.