Or maybe because, simply, to minimize risks they are not early adopters. They will let others collect statistics first and then decide how to jump in.
Peri -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Lee Hart Sent: 02 July, 2013 8:46 AM To: Electric Vehicle Discussion List Subject: Re: [EVDL] EVLN: Geico Won't Insure EVs in Hawaii ... brucedp5 wrote: > The insurance company Geico won't, for some seemingly inexplicable reason, > cover electric vehicles for new customers. GEICO started out as a car insurer for government employees. Their research showed that this group tended to have low accident rates, and bought cars that were cheap to fix. When GEICO grew, and started to accept customers from other groups and dabble in other kinds of insurance, they lost their shirt. Warren Buffett bought the company, and returned it to its former course of carefully restricting insurance sales to low-risk customers. My guess is that GEICO has decided EVs in Hawaii pose a higher risk of expensive claims. Maybe because all repairs cost more in Hawaii, or that there are so few EVs that the mechanics and repair shops in HI will charge more than in CA. -- The storage battery is one of those peculiar things which appeals to the imagination, and no more perfect thing could be desired by stock swindlers than that very selfsame thing. Just as soon as a man gets working on the secondary battery it brings out his latent capacity for lying. -- Thomas A. Edison -- Lee A. Hart, http://www.sunrise-ev.com/LeesEVs.htm _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org For EV drag racing discussion, please use NEDRA (http://groups.yahoo.com/group/NEDRA) _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org For EV drag racing discussion, please use NEDRA (http://groups.yahoo.com/group/NEDRA)
