Are Teslas really cheaper to own in the long run? Discover the hidden costs of owning a Tesla Model Y compared to a gasoline-powered Toyota RAV4 XLE with our special guest, Divya from Lending Tree Insurance Site Value Penguin. Together, we break down the surprising insurance premiums for Teslas, driven by the necessity for OEM parts, specialized repair shops, and the high expense of repairs, especially those involving battery damage. We'll speculate whether these rising insurance costs are impacting Tesla's sales and compare repair costs between electric and traditional cars, revealing the unique challenges EV owners face.
Excited about your next car purchase? We highlight why consulting with insurance agents is crucial, using real-life examples like Corvettes and Teslas to emphasize how much insurance can vary. Learn about the regional differences in insurance rates and the importance of thorough comparison shopping for the best deal. As a bonus, enjoy a fascinating look back at Cadillac's storied history and significant milestones in automotive and racing history, from the first electric starter to the dangers of early racing at the Indianapolis Motor Speedway. This episode promises an engaging and informative ride through the world of car ownership, costs, and history.
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