Tesla insurance premiums are incresing at twice the market rate amid vandalism
Tesla insurance premiums are increasing at more than twice the rate of the rest of the US auto market due...
I’m betting that this almost entirely a result asshole Telsa drivers getting into more accidents, not vandalism.
Telsa has armed a bunch of suburbanites with heavy ass cars that come with acceleration speeds that are rival a corvette. That alone should drive up accidents.
There is a reason fast engines have always come with higher insurance. People get in more accidents and worst accidents.
A commenter on the site made the same comment, but I find it difficult to believe that insurance companies won't adapt more quickly to marked increases in vandalism.
If they don't immediately raise rates, then they will make less profit.
If their competitors do raise rates, then the Tesla owners will flock to the ones that didn't raise rates and those companies will end up with reduced profits due to having more Tesla's and thus more claims to cover.
Vandalism makes the news, especially around here. As a proportion of the total number of Teslas, vandalism is minuscule.
Even their text goes against the headline:
Therefore, it’s likely that the increased instances of vandalism against Tesla vehicles had an impact on these results, but it’s likely that higher repair costs are having a bigger impact.
Agreed, but give that people didn’t start aggressively lashing out against Musk until after inauguration and after DOGE started doing shit, I imagine the earliest proactive rate adjustments would be rolling in during March at the earliest.
Vandalism will 100% raise rates, but the date cutoff strikes me to me too early for that to show in the data.
I would imagine it's a combination of factors. Driver stupidity is probably one of them, but there's no reason for insurance companies not to take increased vandalism into account.
But also, can you imagine the sheer psychological discomfort that must come with driving a Tesla at this point? Seeing videos of Teslas on fire, hearing people shout "swastidumpster" and "fucking nazi" at you when you drive down the street. Look at how defensive some of these people are in videos and on social media where you literally see them openly threatening people. Their stress levels behind the wheel must be through the roof. That has got to affect their driving.
Tesla owner here. Yeah, it sucks.
I live in a rural area without any form of public transit within ~50km, I frequently travel long-ish distances, so I wanted to reduce my carbon footprint by switching to an electric car. After comparing the different options, I went with the one that had the best price / range / charging options / availability for my needs and that happened to be the Model 3 Long-Range.
Fuck me, right?
At this point, I just hope vandals will see my "deport Elon to Mars" sticker before setting mine on fire.
Agreed. Vandalism will 100% increase rates. I’m just saying that since the vandalism didn’t really start gaining popularity until Feb, we’re not going to see it in this until March at the earliest.
If I was motivated, I segment out Feb and see if the data changed radically.
Wrecks* 🤓
anyone has seen me tiny violin?
Is Tesla still selling car insurance for their vehicles?
lol
Good start
Just don't cover vandalism, then say the assembly line was vandalism. Problem solved!
