Electric vehicles might save you on fuel costs, but they are very expensive to fix and insure. Insurance companies charge more for electric vehicles in general, but some are totaling barely driven Teslas over massive repair bills with less than 10,000 miles on the clock.
It can be difficult to find anyone who can repair a Tesla in an affordable manner. Even Tesla itself can’t always figure it out. In 2021 a Tesla Model 3 owner was quoted $16,000 for a repair a local shop was able to complete for $700.
The more technologically advanced a vehicle is, the higher the costs on even minor bumps and scrapes. Sensors, cameras and electronics can send even modest repair costs soaring. And Teslas—the best-selling EV manufacturer on U.S. roads—are chock-full of that stuff.
