The Rising Costs of Car Repairs: Explained

The cost of car repairs has been steadily increasing due to the complexity and advanced technology found in modern vehicles, including electric models. The average cost of repairing damaged cars has risen by 36% since 2018 and may exceed $5,000 by the end of this year. Luxury SUVs and pickup trucks, as well as electric vehicles, are particularly expensive to repair due to their intricate systems and specialized parts. Insurance premiums have also been rising as insurers bear the brunt of these costly repairs. While repairing electric vehicles can be more expensive initially, a closer analysis shows that repair costs for electric and gasoline vehicles of similar age and price are often comparable. Automakers are working to make repairs easier and more efficient, especially for electric vehicles, which are expected to replace gasoline models in the future.