carmudgeons.com  

Go Back   carmudgeons.com > Automotive Forums > Car Talk

Reply
 
Thread Tools Display Modes
Old 08-28-2019, 11:53 PM   #1
rumatt
Mugwump
 
rumatt's Avatar
 
Join Date: Oct 2003
Carmudgeonly Ride: E46 330i, Chevy Colorado, Tesla Model 3
Location: NY
Posts: 17,247
Tesla Insurance

Did anyone look into it yet? Get a quote?

I'm not sure I want a company with miserable customer service being in charge of my insurance claims.. But for the right price, I can be bought.










Preemptive disclaimer: I dig Tesla and that's cool. Tesla works for me because I have all the pieces to make Tesla work for me. Most people on this board do. We are not like most people in the US that want or need cars. And certainly not like most people around the world.
rumatt is offline   Reply With Quote
Old 08-29-2019, 12:28 AM   #2
FC
Solving problems
 
FC's Avatar
 
Join Date: Oct 2003
Carmudgeonly Ride: '18 M3 ZCP, '13 LR4, '11 Miata
Location: Greater Boston
Posts: 21,115
lol @ disclaimer
FC is offline   Reply With Quote
Old 08-29-2019, 03:16 AM   #3
clyde
Chief title editor
 
clyde's Avatar
 
Join Date: Oct 2003
Posts: 23,481


But, whatever makes you happy
__________________
OH NOES!!!!!1 MY CAR HAS T3H UND3R5T33R5555!!!!!!1oneone!!!!11

Team WTF?!
What are you gonna do?
clyde is offline   Reply With Quote
Old 08-29-2019, 07:12 AM   #4
SARAFIL
I like BMWs
 
Join Date: Oct 2003
Carmudgeonly Ride: '16 BMW 550i xDrive
Location: Boston, MA
Posts: 5,169
FYI - I believe itís California only right now. And itís not ďTeslaĒ insurance - really a 3rd party providing a Tesla branded program.

As far as pricing goes, nothing special (the carrier backing it basically copied the rates from a competitorís Auto program). Insurance rating algorithms vary company by company and thereís no guarantee any given company will always be the best, so basically - shop around.

In terms of coverage, not sure if they add any special features
__________________
2016 550i xDrive Sedan -- Alpine White / Mocha Nappa Leather
SARAFIL is offline   Reply With Quote
Old 08-29-2019, 07:30 PM   #5
rumatt
Mugwump
 
rumatt's Avatar
 
Join Date: Oct 2003
Carmudgeonly Ride: E46 330i, Chevy Colorado, Tesla Model 3
Location: NY
Posts: 17,247
Sounds pretty pointless, but at the same time what's the downside for them? Some percentage of customers are just going to walk in and say sure I'll take the default Insurance I've heard it's good.

The insurance business seems like a way to print money. Why isn't everyone in it?
rumatt is offline   Reply With Quote
Old 08-29-2019, 08:07 PM   #6
SARAFIL
I like BMWs
 
Join Date: Oct 2003
Carmudgeonly Ride: '16 BMW 550i xDrive
Location: Boston, MA
Posts: 5,169
Quote:
Originally Posted by rumatt View Post
Sounds pretty pointless, but at the same time what's the downside for them? Some percentage of customers are just going to walk in and say sure I'll take the default Insurance I've heard it's good.

The insurance business seems like a way to print money. Why isn't everyone in it?


Profit margins on the actual insurance risk are pretty small - $0.05 or less per $1 of premium for standard personal lines coverages. But there is a time lag on average between when you pay premiums and when they pay claims so the investment income on the float can generate good return. Itís made Buffet a lot of money over the years.
__________________
2016 550i xDrive Sedan -- Alpine White / Mocha Nappa Leather
SARAFIL is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Tesla Insurance that spies in you rumatt Car Talk 6 04-28-2019 05:45 PM
Insurance? JST Car Talk 19 10-07-2011 07:13 PM


All times are GMT -4. The time now is 08:57 PM.


Powered by vBulletin® Version 3.7.1
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Forums © 2003-2008, 'Mudgeon Enterprises - Site hosting by AYN & Associates, LLC