3 ms·

It would be more meaningful if we could see the data controlled for all the factors auto insurance is priced on (driver age, zip code, credit score, vehicle age

by armen0 11mo ago

It would be more meaningful if we could see the data controlled for all the factors auto insurance is priced on (driver age, zip code, credit score, vehicle age, etc.) Does Tesla offer massively lower insurance premiums for drivers that do the majority of their driving with FSD?

josephcsible 11mo ago
> Does Tesla offer massively lower insurance premiums for drivers that do the majority of their driving with FSD? Yes: https://www.tesla.com/support/insurance/fsd-discount https://www.tesla.com/support/insurance/fsd-discount
- armen0 11mo ago
  The discount is "up to 10%". I would call that a modest discount.
  - mlmonkey 11mo ago
    When I bought my Tesla, I had State Farm coverage for my existing (8 yo) car. State Farm quoted me a rate of $240/mo for switching insurance to the Tesla ( up from $130/mo ). This is in California, Bay Area. On a whim, I fired up the Tesla app and requested a quote for insurance through them. They quoted me $134/mo. I know, anecdata, size = 1. But I was surprised how low it was. I sent the coverage information to State Farm, to see if they would match it, but they just shrugged and said no, we can't match that.
    - iaw 11mo ago
      Have you had to file a claim with them yet? I go with State Farm not because I can get a cheaper rate but because for their price they provide all of the services I expect from my insurance company when I need them. [1] https://www.reddit.com/r/Insurance/comments/1kji0bm/just_filed_a_complaint_against_tesla_insurance_to/ https://www.reddit.com/r/Insurance/comments/1kji0bm/just_fil...
      - verdverm 11mo ago
        Second this, after one incident (at fault) and having to pay nothing for the other persons $4k bill (no hassle, no deductible), SF is a good choice and paid itself back
    - armen0 11mo ago
      That makes sense, and Tesla should be pricing lower for liability insurance if they have private data showing their cars are safer. But the "put your money where you mouth is" evidence would be if they offered a large discount for their own insureds that used FSD for most of their driving. I strongly believe FSD is safer than human drivers, but not sure about the magnitude. I think the FSD discount Tesla offers is a good clue, and I expect this discount to increase in the future.

by armen0 11mo ago

josephcsible 11mo ago

> Does Tesla offer massively lower insurance premiums for drivers that do the majority of their driving with FSD? Yes: https://www.tesla.com/support/insurance/fsd-discount https://www.tesla.com/support/insurance/fsd-discount

armen0 11mo ago
The discount is "up to 10%". I would call that a modest discount.
- mlmonkey 11mo ago
  When I bought my Tesla, I had State Farm coverage for my existing (8 yo) car. State Farm quoted me a rate of $240/mo for switching insurance to the Tesla ( up from $130/mo ). This is in California, Bay Area. On a whim, I fired up the Tesla app and requested a quote for insurance through them. They quoted me $134/mo. I know, anecdata, size = 1. But I was surprised how low it was. I sent the coverage information to State Farm, to see if they would match it, but they just shrugged and said no, we can't match that.
  - iaw 11mo ago
    Have you had to file a claim with them yet? I go with State Farm not because I can get a cheaper rate but because for their price they provide all of the services I expect from my insurance company when I need them. [1] https://www.reddit.com/r/Insurance/comments/1kji0bm/just_filed_a_complaint_against_tesla_insurance_to/ https://www.reddit.com/r/Insurance/comments/1kji0bm/just_fil...
    - verdverm 11mo ago
      Second this, after one incident (at fault) and having to pay nothing for the other persons $4k bill (no hassle, no deductible), SF is a good choice and paid itself back
  - armen0 11mo ago
    That makes sense, and Tesla should be pricing lower for liability insurance if they have private data showing their cars are safer. But the "put your money where you mouth is" evidence would be if they offered a large discount for their own insureds that used FSD for most of their driving. I strongly believe FSD is safer than human drivers, but not sure about the magnitude. I think the FSD discount Tesla offers is a good clue, and I expect this discount to increase in the future.