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001122334455554433221100

rising insurance costs for tesla amid vandalism and theft concerns

Tesla vehicles are facing rising insurance costs due to increased vandalism linked to CEO Elon Musk's controversial actions, alongside a surge in thefts of certain Kia and Hyundai models. Insurers are responding by raising premiums, particularly for Teslas, as the EV market becomes more competitive and repair costs escalate. With the average insurance for a Tesla Model 3 reaching $3,495 annually, the trend suggests that rates could continue to climb if vandalism persists.
Newsweek
United States Dollar Cars.com Inc. DEU GBR USA CHN Matt Brannon Shannon Martin Donald Trump Elon Musk Show more
Politics & Governance, News Article
09:00 16.03.2025

Rising Home Insurance Costs Challenge Housing Affordability in Disaster-Prone Areas

Home insurance costs are set to become a major affordability issue, particularly in disaster-prone areas like Florida, where average premiums can exceed $5,500 annually. As insurance companies leverage technology to assess risks, homeowners in high-risk locations may face significant rate increases, making it crucial to consider insurance costs early in the home-buying process. Upgrading homes to mitigate weather damage can help reduce premiums, emphasizing the need for ongoing risk management.
CNBC
United States Dollar Bankrate First Street Foundation USA Leslie Kasperowicz Mark Cuban Shannon Martin Show more
Finance & Economy, News Article
18:09 05.12.2024
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