San Diego, CA (Nov. 8, 2023) \u2013 Mitchell, an Enlyte company and leading technology and information provider for the Property & Casualty claims and Collision Repair industries, is pleased to announce it has released its latest trends report, Plugged-In: EV Collision Insights.<\/strong><\/em> This quarter\u2019s report examines total loss frequency for electric and ICE automobiles. In the U.S. and Canada from Q1 to Q3 2023, the EV total loss rate was 7.25% for models 2020 and newer. Luxury ICE automobiles manufactured over the same time period and with a comparable actual cash value (ACV) had a rate of 7.47% versus 8.49% for all ICE vehicles.<\/p>\n \u201cMany believe that auto insurers are writing EVs off as a total loss more often than their ICE counterparts of a similar model year and ACV, even with only minor damage,\u201d said Ryan Mandell, director of claims performance at Mitchell. \u201cOur data simply does not support that conclusion. In fact, even though an EV\u2019s lithium-ion battery significantly increases the likelihood of a total loss outcome, we do not see these automobiles declared total losses more often than ICE alternatives.\u201d<\/p>\n Along with total loss frequency, the Q3 2023 Mitchell report documents the difference in EV and ICE automobile:<\/p>\n The Plugged-In: EV Collision Insights report also highlights a modest increase from Q2 in claims volume for repairable EVs of 1.86% in the U.S. and 3.14% in Canada<\/span>. The top North American regions for EV collisions\u2014British Columbia, California<\/span> and Quebec\u2014saw increases in claims frequency as well.<\/p>\n For more information, visit the Mitchell<\/span> website<\/a>.<\/p>\n Headquartered in San Diego, Calif.<\/span>, Mitchell International, Inc. delivers smart technology solutions and services to the auto insurance, collision repair, disability and workers\u2019 compensation markets. Through deep industry expertise, connections throughout the insurance ecosystem and advanced technology such as artificial intelligence and cloud-based solutions, Mitchell<\/span> enables its customers and clients to succeed in today\u2019s ever-changing environment. Each month, Mitchell<\/span> processes tens of millions of transactions for more than 300 insurance providers, 20,000 collision repair facilities and 70,000 pharmacies. Its comprehensive solution and service portfolio empowers clients to restore lives after a challenging event. For more information, please visit www.mitchell.com<\/a>.<\/p>\n Mitchell, Genex and Coventry have recently aligned their joint industry expertise and advanced technology solutions to form Enlyte, a parent brand with nearly 6,000 associates committed to simplifying and optimizing property, casualty and disability claims processes and services.<\/p>\n SOURCE: Mitchell International Inc.<\/em><\/p>\n Tags: electric vehicles (EVs)<\/a>, Mitchell<\/a>, United States (USA)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Recent claims data debunks perception that electric vehicles (EVs) are more often declared a total loss following a collision than their internal combustion engine (ICE) counterparts San Diego, CA (Nov. 8, 2023) \u2013 Mitchell,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20998"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=20998"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20998\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=20998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=20998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=20998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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