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The R1T is Rivian’s first automobile release, and one of the first electric pickup trucks on the market. Insurance costs for the R1T are expected to be high due to the combination of it being a pickup truck and an electric vehicle.
Rates are expected to be around $300 to $400 per month, though this could change over time as insurers gather more data about the new model. An insurance rate of $300 to $350 monthly gives the $61,000 R1T an annual insurance cost-to-base ratio of around 6%, which is slightly higher than the national average of 4%.
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Insurance for the Rivian R1T is expected to be higher than average, even for pickup trucks.
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Yes, the Rivian R1T will qualify for various vehicle-specific discounts that are offered by most insurance companies.
Rivian doesn’t have any official safety or reliability ratings because it doesn’t have any vehicles on the market. The R1T and R1S are its first vehicles, both due to be released in 2020. It will take at least one year of reports before official ratings are released.
While electric cars generally score well on safety ratings, many pickups struggle to meet standards.
The 2020 Rivian R1T is one of the first electric pickup trucks on the market, and is also Rivian’s first release as a car manufacturer. With an expected monthly insurance cost of between $300 and $350, it’s a reasonably priced electric vehicle to insure considering it’s a brand new model from a new startup company.
Insurance rates could vary quite a bit between companies, so be sure to compare different insurance providers to find the best rate for the Rivian R1T.
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