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The insurance company quoted seems to claim that they have not seen an increase of vandalism. They say however that one reason is that 2nd hand prices are drop
by fifilura 1y ago
The insurance company quoted seems to claim that they have not seen an increase of vandalism.
They say however that one reason is that 2nd hand prices are dropping rapidly and that gives some uncertainty how to put value on the car for replacement. Don't quite understand what they mean with that.
- vonzepp 1y agoWhen you write off a car, you don't get the value of a new car, you get the value of the car at the point of time it was written off. So if you write a 3 year old car, you get the value of a 3 year old second hand car. Uncertainty on the price I guess increase financial risk.
- celticninja 1y agoBut the price has consistently falling, so that would suggest a reduction in the insurance costs. I think it's more likely that drivers reliance on teslas assistant driver programme is likely to cause accidents, the costs of which are likely to dwarf what it costs to replace the Tesla.