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> But now other insurance companies know the only drivers that will not use Tesla insurance are high risk Not necessarily. I'd pay more for car insurance to av
by nnf 5y ago
> But now other insurance companies know the only drivers that will not use Tesla insurance are high risk
Not necessarily. I'd pay more for car insurance to avoid being tracked this way, but that doesn't make me higher risk. Or maybe I just want to keep my home and auto insurance bundled so I can save money on both.
- gpt5 5y agoThe fact that there exist other reason to use a 3P insurance company doesn't really matter. At the end of the day, if the existence of a Tesla insurance removes a portion (not all) of low risk drivers from the insurance market, the remaining drivers would be higher risk. The insurance company doesn't care about the mechanism that causes it, at the end of the day the collision rate will stabilize into a new higher rate, together with the associated insurance rate.
- seanmcdirmid 5y agoInsurance companies are already over pricing Tesla coverage, which is why Tesla is bothering to get into this market at all. The end effect here might just be the rate they are offering now becoming justified as Tesla plucks all the lower risk fruit away from them.
- sangnoir 5y ago> I'd pay more for car insurance to avoid being tracked this way, but that doesn't make me higher risk. Can you even opt-out of being tracked by Tesla? Even if you're not buying their insurance, I'm sure their EULA will grant them access to your data.
- caf 5y agoThere's options to opt-out of various kinds of data-sharing in the car menu system.