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Perhaps. Since their introduction over 6 years ago, well over 200,000 Model S' have been sold, and Geico has insured quite a few of them. > actuaries don't k
by Diederich 8y ago
Perhaps.
Since their introduction over 6 years ago, well over 200,000 Model S' have been sold, and Geico has insured quite a few of them.
> actuaries don't know how to price it in yet
This is pretty far from my field of expertise, so I can't make any kind of directed comment. I'll just say that it strikes me as unlikely that Geico either doesn't have enough data yet and/or doesn't know what it's doing.
I don't know much about
- Phlarp 8y agoWhat percentage of that 200,000 is in California? I don't think the sample size is near large enough, nor properly distributed to build a comprehensive risk model around. I'm not a subject matter expert either but I would love to hear from someone in the industry.
- close04 8y agoIt doesn't matter how many were sold but how easy/cheap is to fix them when insurance is needed. For Tesla parts are rare and expensive, authorized service partners are rare and expensive, so fixing the car costs a lot.