1 Day
Source:
The Boston Globe
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Reasons for Higher EV Insurance in Massachusetts
Insurance companies are increasingly denying coverage or charging higher premiums for electric vehicles due to their higher repair costs and safety features, as exemplified by a case involving a Polestar 2. This trend presents a significant obstacle for EV adoption, especially in Massachusetts, where insurance costs for EVs are notably higher than for gas-powered cars. Factors such as repair expenses, vehicle value, and advanced safety technology contribute to the insurance rate disparity.
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