Has Tesla indicated why they believe their insurance rates are inflated?

I vaguely recall (could be wrong) Elon said the other companies are not adequately taking into account Tesla safety features. Possibly including the cameras I mentioned.

They do take the safety features into account, but notice I said “adequately.”

Whether Elon actually said it or not, I think it’s a good hypothesis.

I think it's much more likely that insurance companies have the long-developed expertise to assess the risks and actual claims experience of insuring whatever it is they insure. It's the primary thing that allows them to earn a profit. And so if they all think that Teslas are higher risks, they are probably right.

Also there might be real numbers on the costs. Like cost of repairs and during unavailability period cost of rental vehicle if such coverage is included. Specially later I have understood has at times been issue. So if you need to pay your customer to have rental vehicle for weeks or months while car is waiting for parts at shop it does have an effect on premiums. And it absolutely should.

But that hypothesis doesn't explain the large price difference between the companies, which in both cases are underwritten by other companies with long-developed expertise.

It could also be that Tesla is just willing to take a smaller profit out of the business, relative to others.

The insurance market can't be that efficient, or the same driver with the same car wouldn't see such wildly varying quotes from different insurers.

Or, they think Tesla owners can afford to pay more.

Why is Tesla able to undercut them with their own insurance product?

That doesn't really jive with the fact that the S-Class has cheaper insurance rates despite being a more expensive car and whose ownerbase typically consists of very rich people.

I imagine that's only available in the US. The page is in English and there's only an American phone number even when switching to the local Tesla site.

It say only California at the moment. They say they are expanding to other US states. If it catches on I imagine they will continue to expand it if its not illegal in other places.

Way better prices. Saving about $3000 a year on two cars compared to Geico. But only available in the US for now as you may be aware.

Only available in California, according to their website, which means it effectively does not exist. This is a product that’s been “coming soon” to the rest of the US since April 2019. Unless you live in CA you should include the high insurance costs into your estimate of TCO for a Tesla and treat “Tesla insurance” as a PR stunt.