##What is Rivian car insurance? Rivian, a new electric-vehicle brand, created Rivian Insurance Services to provide its drivers with cheaper insurance rates. It provides only Rivian car insurance.
Electric vehicles typically receive much higher than average car insurance quotes. In part, this is because the cars often require specialized mechanics, and it costs more than average to repair some of the state-of-the-art technology.
Rivian partnered with Nationwide Car Insurance Company and The Cincinnati Insurance Company to create a collaborative insurance company that underwrites informed policies specifically for off-roading, fully electric vehicles.
While Nationwide or The Cincinnati may underwrite your policy, you still use a Rivian branded app and pay your monthly bill to Rivian Insurance Services LLC.
To buy Rivian car insurance, you must purchase a Rivian vehicle. Currently, the company sells the R1S, a sports utility vehicle (SUV), and the R1T truck.
The vehicles also feature sustainably-made, recyclable, animal-free interiors. The batteries are also easily removable and partially recyclable at the end of the vehicle’s life.
Each car manufactured by Rivian comes equipped with Driver+ Highway Assist technology. It controls your car’s steering, brakes, and acceleration on specific highways and can even change lanes at your command.
Drive+ uses multiple cameras, radars, and sensors to provide you with a 360-degree field of vision around your car. Plus, Rivian drivers can earn up to a 15% rate reduction at the policy renewal term by utilizing this feature.
But you won’t see many Rivians on the roads just yet. At this time, the company is still delivering its first fleet of vehicles to customers.
Unfortunately, Rivian car insurance rates are also not publicly available. However, car insurance prices for similar electric cars, like the Tesla Model S, average $225 per month or $2,700 annually.
While Rivian financial rankings and customer reviews are limited, the company is Better Business Bureau accredited and earned an A ranking.
We’ll know more about customer experiences with Rivian Insurance as more drivers receive their vehicles.
Technically, Nationwide, one of the leading insurance companies in the industry, backs Rivian Insurance. Nationwide currently holds an A+ A.M. Best score, an A1 Moody’s score, and an A+ Standard & Poor’s rating.
These rankings imply that through its partnership with Nationwide, Rivian Insurance Services LLC. is in a solid financial position and can reliably close out any claims.