Electric car insurance premiums set to soar

Insurance premiums for EVs and Chinese-made cars in particular could skyrocket after a new Vehicle Risk Rating (VRR) system was rolled out last month, an expert said.

VRR will eventually replace the group-based system of insurance, which bands vehicles into 50 separate premium categories.

Five key categories go into the VRR rating, including performance, damageability, safety, security – and “repairability”.

It is this last category that will send EV premiums soaring, Chris Rosamond of Auto Express magazine said, because the insurance industry lacks the information it needs to offer lower premiums on EVs.

Mr. Rosamond said: “If the data does show… as many or most of us expect, that there is this increased risk around batteries, then it’s likely that will emerge in, or be reflected in, premiums down the track.

Comments

Post a Comment

Popular posts from this blog

The Hidden Architecture Behind “Project Genesis”

Image
In his final years, Henry Kissinger shifted his attention from Cold War strategy and Middle East diplomacy to something even bigger: the rise of artificial intelligence .  The Government Just Triggered “Project Genesis” - Kissinger’s Final Plan - Elon Musk Warns America His last book, “Genesis: Artificial Intelligence, Hope, and the Human Spirit,” written with Eric Schmidt and Craig Mundie , lays out a vision of how AI could reshape governments, economies, and even human identity. Supporters say it is a serious warning about the risks and opportunities of AI. But many critics, especially on the nationalist and sovereignty-focused side , see it as the blueprint for what they now call “Project Genesis” – a long-term plan to move humanity into a tightly managed, AI-guided global system. In open, respectable language, the book talks about how AI will challenge basic ideas like free will , responsibility , and human judgment , and suggests that societies will need new “frameworks” ...
Read more

Ted Cruz Meltdown: After a Brutal Viral Interview, the Senator’s Attacks on Young Voters Are Making 2025 Even Worse for Him

Image
Senator Ted Cruz has been spiraling through one of the worst years of his political career,  and 2025 is far from finished. Ted Cruz has been having a rough time in 2025. After a viral interview exposed him, everything went downhill. Now he’s attacking young people for asking basic questions and making himself look even worse. Here’s what happened. Subscribe for more content. Ted Cruz Freaks Out at Students Asking about Israel  The trouble began when a viral interview exposed inconsistencies, evasions, and a tone-deaf response to basic policy questions — the kind of moment that can collapse years of careful image-building in a single news cycle. Instead of recovering, Cruz doubled down. Rather than addressing the substance of what was asked, he lashed out at young people online, dismissing their concerns as “ignorant” and suggesting that anyone under 30 “doesn’t understand how the real world works.” Clips of those comments spread fast, painting him as defensive, out of touch...
Read more

Senator Rand Paul Accused of Appearing on Secret Venezuela Kickback List

Image
A high-ranking Venezuelan government source is claiming that Kentucky Senator Rand Paul appears on what is being called the “ Venezuela List ,” a roster of political figures allegedly receiving millions of dollars in kickbacks from the Maduro regime and its associated narcoterrorism networks .  Senator Warns Trump Moves Could Fragment MAGA Support #worldnews #news According to the source, the money is tied to drug-trafficking operations that have moved deadly narcotics into the United States, contributing to an epidemic that now kills roughly 120,000 Americans every year. The allegation suggests more than financial misconduct; it implies that certain American officials may have knowingly or unknowingly provided political cover to criminal networks operating throughout Latin America. These networks are said to cooperate with the Maduro government, using corrupt port infrastructure, military protection, and forged documentation to ship vast quantities of illicit substances toward...
Read more