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Insurance offers 5 percent discount for people that switch to Tesla autopilot
- bob_theslob646 9y ago>(Reuters) - Britain’s largest motor insurer Direct Line is offering Tesla Inc drivers in Britain a 5-percent discount for switching on the car’s autopilot system, seeking to encourage use of a system it hopes will cut down on accidents. Seems like Direct Line is trying to entice Tesla owners to switch to them. Proof shall be in the pudding if they are safer. The real question is, why give away free money?I know in the U.S, by law you need auto-insurance, so they(insurance companies) can charge whatever the market will bear. Not sure of U.K.
- atonse 9y agoIt’s likely that they have higher margins anyway with Tesla’s. So this might be a situation where they get a marketing win while retaining their regular margins.
- bob_theslob646 9y agoNot necessarily true.The liability is higher because of notional value of the car is higher. It may mean fewer occurrences of claims, but there's a reason why insurance on Lamborghinis and Ferraris is incredibly expensive. I believe the average Tesla cost is around 80k. I am not sure how expensive replacement parts are. I agree with you on your marketing statement.
- lafar6502 9y agoNobody really knows how risky is the autopilot and I would not trust it just because marketing says so. And why Tesla has to provide the data? insurance companies are quite good at statistics so why not just collect the information and see for real? The easiest explanation is that there is some other deal underneath.