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As a new manufacturer with no models on the market yet, Rivian doesn’t have averages for insurance rates yet. However, the similar Tesla Model X goes for $227 per month or $2,724 per year. You can expect something similar for Rivian’s all-electric truck and SUV.
Michigan-based startup Rivian announced its lineup of all-electric cars coming to the market soon. The R1T is the first electric pickup truck, and both the R1T and R1S electric SUV can get up to 440 miles with a full charge. The luxury adventure vehicles are designed to be equally suited for offroading and road trips.
After a $500 million investment from Ford Motors and a $700 million investment by Amazon, production of the first Rivian cars should begin in 2020 for an estimated sale date of 2021.
Rivian’s electric vehicles promise the latest technology for safety and pleasure while giving easy access to its US parts. However, the above-average MSRP and specialized electric repairs may contribute to higher rates than everyday joe gas-guzzlers.
Rivian needs time to prove its safety and reliability as an electric vehicle brand. However, its typical EV ticket prices and modern technology mean you should expect rates above gasoline counterparts yet similar to other electrics.
Shop providers who can take good care of your beloved electric. Or check out other make or models’ insurance rates.
See average EV insurance rates for 2021 based on Finder’s car model research, plus new models on the horizon.
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A small brand with a big list of discounts and strong auto coverage.