Tesla Inc. is creating its own branded insurance program, a move the electric-car maker believes will enable it to offer a lower-cost product to drivers.
Tesla Chief Executive Elon Musk has been working with a unit of Virginia-based Markel Corp. and another company, which hasn’t been named, to offer the branded insurance, according to Markel and regulatory insurance filings in California, where Tesla is based.
Source: Energy Industry News (energyindustrynews.net)
The details are what you need to know. Where? What? When? How?
It's still very speculative but it's a good concept for Tesla to offer.
That’s the whole basis for insurance rates
'Under the Tesla partnership, the risk of losses on policies would be transferred to another party, so far unnamed' - So basically, Musk in addition to being a car salesman is becoming an insurance agent. Next, self-driving, notary public and dry cleaning service. $tslaq
Ludicrous crazy or Mad Max crazy? $TSLA
Would that include repairs?
Could some states provide car insurance for car owners? What would be the cost. If the consequence for being at fault in an accident were losing your car for 3 months and having to ride the bus do you think there could be a reasonable cost for socializing insurance?
Tesla: 'Our model 3 performance goes from 0-60 in 3.7s. All others are horses. Are you ready for some fun?' Tesla insurance: 'Promise you don't drive in a crazy way. Remember, we have access to all the data.'
The next level of stupidity: buy a 3 sec 0-60 car, drive it like a Prius. $tslaq
The next level of teslemmings stupidity: buy a 3sec 0-60 car to drive like a granny. $tslaq
Musk is an idiot
As opposed to other insurance companies who do allow crazy driving?
I bet they’ll try to collect the annual premiums upfront
'Sane drivers only,' said the guy who literally launched a car into space.
As an OCD sufferer, let me point out that is offensive and biased to all drivers with mental illness.
I’m guessing that would include ludicrous mode, available from the factory...
I have never experienced a Tesla driver who doesn’t drive like an asshole, so good luck with that
iowahawkblog for this to work for you that means no pick-up trucks crashing into liquor stores at 2 a.m...
Interesting, but States regulate insurance and require segregated reserve funds. Also, potential conflict of interest because would Tesla insurance ever find Tesla product (autonomous drive) to be at fault?
shelbyholliday So it's a no-go in NY & Miami! BeepBeep
Brilliant, the cars don’t crash...
Lol
'This button operates Ludicrous mode but if you use it your insurance is void.'
DWO and/or DWF not allowed?
Scam after scam
TheSmokingTire , looking forward to reading a post on this article from you. Lol
It’s not the owner that are crazy, it’s the other drivers that are intoxicated. Also, do define in the insurance policy, “ will not cover for hailstorm damages, flooding damages and cyclone/tornado damages. I can go on but you have to hire me first. 👍
Very clever way to befool.
I hope elonmusk puts Tesla insurance on the blockchain, open-source, and we can get rid of the corrupt insurance system we have now.
'Buyers would have “to agree to not drive the car in a crazy way.' Never gonna happen. GM Dodge Demon ZR1 (Anything that goes over 210)
Is there a definition for ‘crazy way’ 🚘🚗🌪
lol. Tesla loves to set money on fire!
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