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Too bad it seems that 99% of the quotes people are getting are higher than their current insurance. It's a great idea but the prices need to reflect the savings
by electriclove 7y ago
Too bad it seems that 99% of the quotes people are getting are higher than their current insurance. It's a great idea but the prices need to reflect the savings that are being touted on the announcement.
- deleted 7y ago[deleted]
- ckdarby 7y agoSource? Didn't see anyone on HN saying this.
- mrep 7y agoPretty much everyone on Reddit is [0]. [0]: https://www.reddit.com/r/teslamotors/comments/cwpl34/introducing_tesla_insurance/ https://www.reddit.com/r/teslamotors/comments/cwpl34/introdu...
- electriclove 7y agoTwitter, r/teslamotors, teslamotorsclub.com, teslarati, electrek The website now says they are updating their algorithm.
- tenpies 7y agoWhat's the over/under on this "update" of the "algorithm" taking at least until 2020?
- notfromhere 7y ago3 months maybe, 6 months definitely
- echadwickb 7y agoPart of what drives higher rates is expense/lack of replacement parts, which can increase the severity of the claim.
- giobox 7y agoGiven Tesla make many of the parts they should theoretically be positioned well to offer vertical integration and presumably lower prices than other insurers. That this so far is costing more is defeating the very logic used in the press release. Also, despite Musk’s tweets that can be read to suggest otherwise, there is no car telemetry being used at all to tailor the quote. This looks like a cash grab rather than an attempt to genuinely offer a new form of competitively priced insurance.