Re:Tesla Insurance
by electriclove on Wednesday August 28, 2019 @05:38PM
(#20824264)
Too bad it seems that 99% of the quotes people are getting are higher than their current insurance. It's a great idea but the prices need to reflect the savings that are being touted on the announcement.
[ Parent
| on HN ]
Source? Didn't see anyone on HN saying this.
Pretty much everyone on Reddit is [0].
[0]: https://www.reddit.com/r/teslamotors/comments/cwpl34/introdu...
Re:Tesla Insurance
by electriclove on Thursday August 29, 2019 @08:42AM
(#20828949)
Twitter, r/teslamotors, teslamotorsclub.com, teslarati, electrek
The website now says they are updating their algorithm.
What's the over/under on this "update" of the "algorithm" taking at least until 2020?
Re:Tesla Insurance
by notfromhere on Thursday August 29, 2019 @09:47AM
(#20829430)
3 months maybe, 6 months definitely
Re:Tesla Insurance
by echadwickb on Thursday August 29, 2019 @09:08AM
(#20829106)
Part of what drives higher rates is expense/lack of replacement parts, which can increase the severity of the claim.
Given Tesla make many of the parts they should theoretically be positioned well to offer vertical integration and presumably lower prices than other insurers.
That this so far is costing more is defeating the very logic used in the press release. Also, despite Musk’s tweets that can be read to suggest otherwise, there is no car telemetry being used at all to tailor the quote.
This looks like a cash grab rather than an attempt to genuinely offer a new form of competitively priced insurance.