Media-Insert Communications

Media-Insert Communications

The blog of Media-Insert Communications – featuring freelance P.R. and journalism links to the work of Graham A. Jarvis.

Editing, Journalism, Copywriting, and Public Relations

Despite a slump in car sales during the pandemic, ING Group expects care sales to rebound by 8% in 2021.

However, EV insurance premiums are typically higher than those of other cars, demonstrating that they are riskier for insurers than being bound by a policy for a comparable ICE vehicle. This is because EVs are more expensive to repair – few workshops are qualified to fix them, parts are costly and unibody construction techniques lead to more cars being written off following low-speed crashes.

Nonetheless, David Williams, managing director, underwriting and technical services at AXA, finds that there has been an increase in the take-up of EVs. It’s slow but it’s progressing. He adds: “If you want to buy an EV, it’s more expensive than the internal combustion engine version. This will change – when you build more of something, the price comes down.”

Read the complete article to find out more about why electric vehicles are the first step in auto insurance transformation

Client: InformaTech, published by TU Automotive on 12 May 2021. Author/Journalist: Graham Jarvis.

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