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My Instapot died after a year and was expensive to fix. I didn’t bother replacing it, just use the slow cooker if I need to now.
I’m curious about how expensive. My last electric pressure cooker was a more expensive model (and I sold it after years in working order), but the stovetop pressure cooker I have at home now was more expensive than the entry-level Instant Pot branded electric cookers.
Is the new one stainless steel? If so there are very few parts that may fail, valve parts and gasket essentially. Instant pots have a ton of failure points. The modern stovetops are almost buy it for life.