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Tesla is building up in-house insurance as Model S tops most expensive to insure
- jonknee 8y agoI'm surprised collision isn't even higher, there are so many stories of body repairs taking incredible amounts of time because of no part availability. Few certified shops and even fewer available parts means good luck getting your repair done. Plenty of examples: https://www.driving.co.uk/news/features/tesla-owners-facing-extended-wait-repairs/ https://www.driving.co.uk/news/features/tesla-owners-facing-...
- greglindahl 8y agoHow does that raise rates? It just annoys people whose cars are in the shop for longer than usual. As for the number of shops certified to do aluminum repairs, yes, that's an issue for all aluminum-bodied vehicles.
- greenyoda 8y agoIf you have an insurance policy that pays for a rental car while your car is being repaired, the cost of a long repair delay could add up pretty quickly.
- greglindahl 8y agoNo, because the insurance policy rental car $$ runs out first. Trust me on that one, personal experience.
- dogma1138 8y agoReally depends on the country also since Tesla will not fix anything beyond the slightest of cosmetic damages you have pretty much pristine cars getting totaled by the insurers.
- Steel_Phoenix 8y agoThis is a big incentive for him to improve safety. If he can provide his own insurance, and reduce the cost of accidents, he can undercut the industry in another way. It also prevents an industry that would potentially suffer in a world of safe, self driving cars, from attempting to shut him out the way auto dealerships did.