Why EVs Are Driving Up Car Insurance Costs

Why EVs Are Making Car Insurance More Expensive in 2024 🚗⚡💸

Are your car insurance premiums going up, even though you’ve had no accidents or claims? It’s not just inflation. In this video, Marquece Cunningham breaks down why auto insurance rates—especially for electric vehicles—are rising, and what you can do right now to avoid overpaying.

Here’s what you’ll learn:
✔️ Why repair costs are skyrocketing for EVs and gas vehicles alike
✔️ How labor shortages and EV repair training gaps affect claims
✔️ The impact of supply chain delays and tariffs on part costs
✔️ Why EV repair costs affect everyone’s rates
✔️ How insurance companies calculate your premium today

💡 Whether you drive a Tesla or a Toyota, EV-related costs are being factored into your premiums. Learn the real reasons behind the increases—and how to protect your wallet.