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If this were accurately reflected in the rates I'd be interested, but past experience suggests that it's going to be more like "if you drive perfect you might g
by jandrese 5y ago
If this were accurately reflected in the rates I'd be interested, but past experience suggests that it's going to be more like "if you drive perfect you might get $5/month savings, but if you brake hard that one time your rate will shoot up by $50/month".
You assume extra risk that the company won't screw you over for what is likely to be a very modest upside. There are lots of case studies of people who got massive unexpected bills because they were trying to save a few bucks. Especially since they will be able to assign the blame to the customer for their high rates. Never trust corporations more than you have to.
- pmorici 5y agoWhen FSD matures it won’t matter how good of a driver you are it will matter what percentage of time you let it drive you.
- missedthecue 5y agoHmm. Car insurance is one of the most competitive industries in the US. Lots of players, slim margins, commodity product, etc... I wonder how long a company could charge people $50 more for braking hard and not lose customers. I know if I saw a surprise like that, I'd be getting quotes immediately.
- zbrozek 5y agoThere's lots of places where tiny upsides come with huge downsides. And yet for some reason people still accept them! My partner's manager signed up for a summer energy program that could cut off her HVAC system in exchange for a super-paltry discount on her monthly electricity bill. She cursed her decisions a few hours in to the next heat wave.
- diebeforei485 5y agoI don't think they are all that competitive when it comes to insuring electric cars.
- missedthecue 5y agoTeslas at least are very expensive to repair. Despite the high premiums, they may be competitively priced.
- diebeforei485 5y agoI suppose time will tell. If Tesla's insurance product becomes popular (in states/jurisdictions where it's offered), that would imply that big insurance companies are not pricing competitively.
- akerl_ 5y agoTesla gets to cheat a bit here, in that they don’t have to charge themselves markup on replacement parts for this own cars. So in theory they should always be able to outprice other providers for Teslas.
- throwaway0a5e 5y agoThey also are only marketing to their own customers who generally have much safer lives than the Altima and Town and Country crowd.