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2022 SEL-C Hybrid
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51 Posts
Discussion Starter · #1 ·
I found this a bit funny as I expected my insurance to go DOWN when going from an AWD Limited ICE to an SEL-C Hybrid, since the second car MSRP is $4500 less.

The difference isn’t dramatic, but $80/year INCREASE for a car that’s $4500 cheaper?

If I had gone from a Limited ICE to a Limited Hybrid I guess it would’ve been approximately $200/year more(?)

So hybrids have a little bump in rates huh? Maybe from the potential extra cost and complexity of the battery/electrical systems?
 

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22 Posts
I don't know if the trim matters...but I have a limited PHEV and it went up about 200 a year. The reasoning they gave me was, due to the fact that there's two engines to potentially replace it costs more. I'm not sure if a EV only car costs the same as a ICE.
 

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2022 Ultimate HEV
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152 Posts
The reasoning they gave me was, due to the fact that there's two engines to potentially replace it costs more.
That's absurd... I don't know of many vehicle collisions where engine damage is repairable.
Engine damage from non-collision is either repair or replace, neither of which have anything to do with insurance. That's warranty, or out-of-pocket.
 

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2022, Hyundai Tucson Hybrid Ultimate
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45 Posts
Every time I get a new car my insurance quotes me at least 15% higher (regardless of the car or value). I learned a few cars back to simply change insurance companies each time. Doing this I have managed to keep the rates the same and even in some cases, slightly lower. I feel like I get punished for being a loyal customer because every year they increase all my insurance so this is my solution.
 

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2022 Tucson Ultimate Hybrid White/Grey
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104 Posts
My insurance company wanted to charge me almost $700 per year more for my HEV than what I was paying for my 2013 Santa Fe for the same plan even though I was with them for 17 years with no claims. There is no customer loyalty and since they made money off of me, they wanted to throw me away. I found insurance that was $1200 less than their quote from another company. Ideally, insurance rates are based on postal code, previous claims, cost of vehicle and number of possible occupants as well as number of claims on type and year of vehicle. Since this vehicle is a new model year with low claim data, the rates overall should be low. Vehicle safety features seem to not lower your insurance rates.
 

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2022 Hyundai Tucson Hybrid SEL Convenience (wife's daily)
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25 Posts
We didn't have that experience with our 2022 Tucson Hybrid SEL. It marginally went up ~$50 for six months, but I assumed that was because it's worth twice as much as the 2016 Jeep Patriot it replaced.
 
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