Report: Increase in EV Collision Claims

May 17, 2023
Mitchell released its latest "Plugged-In: EV Collision Insights" report, which reveals that the frequency of repairable electric vehicle insurance claims has increased so far this year.

Mitchell released its latest "Plugged-In: EV Collision Insights" report, which reveals that the frequency of repairable electric vehicle insurance claims has increased through the first quarter of 2023, according to a press release.

The report details an increase of repairable claims on EVs rose to 1.13% in the United States and 2.41% in Canada. While an increase in EVs on the road is not unexpected, insurance companies and collision repair facilities will have to grapple with the change.

Mitchell’s Director of Claims Performance Ryan Mandell said that the increase in EVs “puts a strain on auto insurers, who must balance policyholder expectations with higher than average vehicle repair costs and cycle time,” as well as “a strain on collision repairers tasked with properly and safely restoring these automobiles to OEM standards.”

Though the average repairable severity for EVs has decreased, it’s still higher than that of internal combustion engine vehicles. With the refinish time being an hour longer or more on an EV, factors such as this can make claim costs for them higher.

About the Author

FenderBender Staff Reporters

The FenderBender staff reporters have a combined two-plus decades of journalism and collision repair experience.

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