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Tesla owners in fact already pay less insurance because of agreements the company has made with certain insurers. The reason they are able to make such agreemen
by loourr 9y ago
Tesla owners in fact already pay less insurance because of agreements the company has made with certain insurers. The reason they are able to make such agreements is that the cars are objectively safer.
- FireBeyond 9y agoIf they were objectively safer, all insurers would have lower rates for them based on the actuarial data. "Agreements with certain insurers" is a commercial, promotional consideration, and has precisely zero correlation with your claim that it shows they are "objectively safer".
- loourr 9y agoWhile commercial and promotional consideration's definitely come into play if the insurers were losing money I highly doubt they would be doing it, so to say there's zero correlation seems strong/wrong to me. Tesla's are objectively safer according to measurements by NHTSA but that doesn't necessarily mean that all insurers would charge less. For one there is a long time delay in building an accurate insurance model. Also, insurers are not altruistic, they will price at whatever the market will bear so until it becomes very clear that Tesla's cost less or all of the competition starts to do it, you won't see prices come down.
- legolas2412 9y ago> I highly doubt they would be doing it, Unless the said "agreement" involved Tesla slipping them money. Essentially you paid for your insurance upfront to Tesla. Yes, Tesla are safer. But this doesn't mean 1) Tesla have less accidents 2) Tesla repairs are cheaper
- briandear 9y agoThe cost of comprehensive/collision coverage has nothing to do with safety. Bodily injury insurance sure, that's lower if the car is safer but comprehensive/collision premiums have nothing to do with safety.
- roguecoder 9y ago"Safer" isn't the same as "cheaper to insure". This is the major flaw in their PR response.