50 ms·
Hmm. 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 cou
by missedthecue 5y ago
Hmm. 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.