Electra Meccanica Solo Car Insurance Rates

Electra Meccanica Solo is an all-electric, three-wheeled commuter vehicle developed to minimize the environmental effect of densely populated regions. For new kinds of cars, insurance prices may be hard to anticipate. For example, in California, the Solo is classified as a motorbike but in Florida, manufacturers are allowed to label it as a car.

Three-wheeled bikes cost less than $900 a year, while small vehicles like the Smartcar cost around $600 per year. However, since the Solo is smaller and runs on electricity rather than gas, the annual costs for a new company may range from $650 to $1,000. With a starting price of $18,500, you may expect an annual price-to-base insurance ratio of 3.5 to 5%, making it quite inexpensive to insure.

How do I compare insurance for Electra Meccanica Solo?

Electra Meccanica Solo Car Insurance Rates - Electra Meccanica Logo

According to your state’s laws, whether or not you can obtain insurance for your Solo depends on whether it’s considered a vehicle or a mobile device. However, the following variables may have an impact on your insurance premiums:

  • Body type. The Solo has a unique body design that isn’t currently available on the market. Smaller cars, on the other hand, tend to have cheaper insurance rates.
  • Fuel. This electric automobile was designed as a short-distance commuter car with a range of just 100 miles. As a result of the electric engine and the 220 V battery, the annual fuel consumption is reduced, but the insurance rates are higher.
  • Give Theft a Star Rating. There are presently no publicly available volume data, and Solo’s technical specifications do not contain anti-theft measures. If you want an anti-theft discount, inquire ahead of time. This does not mean there will be no one out there.
  • Maintenance. In the company’s estimation, the Solo has 99 percent less parts than a combustion engine, reducing the need for routine maintenance on it. On the other hand, technical components in electric cars often need the help of a technician.
  • Coverage. In spite of the fact that other passenger cars have not been subjected to such stringent testing, the Solo claims to meet international safety standards and has voluntarily submitted the vehicle to crash tests. If you run out of money and are unable to return home, you might think about purchasing additional medical insurance and roadside help.
  • Insurance for different options. Because there is no similar model on the market, finding insurance will be more challenging. However, insurers who cover electric vehicles and bicycles are likely to provide Solo coverage.
  • Warranty. The Solo comes with a two-year manufacturer’s warranty, plus a five-year warranty on the battery pack.

Does the Electra Meccanica Solo qualify for discounts?

The features of Solo’s fully released version are impossible to predict at this point since booking is still ongoing, although you may be able to get a deal on an electric vehicle. If your nation classifies the Solo as a vehicle rather than a motorbike, you’ll get a different set of savings.

How reliable is the Electra Meccanica Solo?

In spite of the fact that this new vehicle on the market seems hazardous, the Solo has been testing prototypes since 2018.

  • Safety. Because of this, the NHTSA has approved it to meet US motor vehicle safety requirements and is now testing it to make sure it meets worldwide safety standards as well. Because the car now lacks airbags, it doesn’t meet Canadian safety requirements. Today, the manufacturer is attempting to get an exception.
  • Reliability. This model’s reliability hasn’t been evaluated just yet. While driving in the first tests, several drivers noted a lack of steering and power frequencies that might put them at risk.
  • Recalls. A faulty label of conformity was the sole reminder, and it was fixed by 2018.

Bottom line

Although the Electra Meccanica Solo may lower your insurance premiums, no one knows for sure exactly how much lower they will be. Despite the fact that this three-wheeled commuting vehicle does not compare well to many others, you should shop around for the best deal on your insurance.