this post was submitted on 12 Jun 2026
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349
A Rivian Fender Bender Cost $42,000. Its CEO Says That Should Never Happen (www.thedrive.com)
submitted 3 days ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] SaveTheTuaHawk@lemmy.ca 1 points 19 hours ago (1 children)

insurers shrugging and moving on because the volumes aren’t hitting their financials hard enough for them to care.

No insurance company works like that.

The cost to insurance comes out of premiums. Rivians and Teslas cost a fortune to insure.

[–] wjrii@lemmy.world 1 points 16 hours ago

Fair enough, I may have inferred a bit too much, so here is what the CEO said:

And so third parties, the reason you saw some of these really high numbers, is we’re like, ‘A Rivian? And what’s a Rivian?’ So they they don’t know the car, and they quote an enormously high number, the insurance company agrees to it, and then that happens.”