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Even Tesla's Insurance Arm Is Getting Wrecked

77 点作者 ryan_j_naughton15 天前

9 条评论

notatoad15 天前
the article seems to conclude that this is because of tesla&#x27;s repair or manufacturing practices. but anecdotally, white model 3s are the scariest cars on the road, driven by the worst drivers, most likely to do dangerous and unpredictable things. i certainly wouldn&#x27;t want to be in the business of insuring tesla drivers<p>and the data seems to back me up - tesla has the highest crash rate of any manufacturer: <a href="https:&#x2F;&#x2F;www.forbes.com&#x2F;sites&#x2F;stevebanker&#x2F;2025&#x2F;02&#x2F;11&#x2F;tesla-again-has-the-highest-accident-rate-of-any-auto-brand&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.forbes.com&#x2F;sites&#x2F;stevebanker&#x2F;2025&#x2F;02&#x2F;11&#x2F;tesla-ag...</a>
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fifilura15 天前
Major Swedish newspaper Dagens Nyheter just ran a story that the insurance cost for a Tesla has almost doubled in a year. While others remained more or less stable.<p>(Quaterly cost, full insurance)<p>Tesla Model 3: 3 338 kronor (70,3 percent increase since Q1 2024)<p>Tesla Model Y: 4 007 kronor (97,3 percent increase)<p>Kia EV6: 938 kronor (-4,7 percent)<p>Volvo EX40: 1 097 kronor (-9,8 percent)<p><a href="https:&#x2F;&#x2F;web.archive.org&#x2F;web&#x2F;20250510192608&#x2F;https:&#x2F;&#x2F;www.dn.se&#x2F;ekonomi&#x2F;forsakringspremier-pa-tesla-stiger-kraftigt&#x2F;" rel="nofollow">https:&#x2F;&#x2F;web.archive.org&#x2F;web&#x2F;20250510192608&#x2F;https:&#x2F;&#x2F;www.dn.se...</a><p>They speculate the reason is that relatively few companies insure Teslas. Maybe because they have their own insurance company, or maybe because the leasing company take on the risk. I don&#x27;t know how this works exactly.
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mrweasel15 天前
Can someone explain Tesla to me, assume I&#x27;m an idiot. If Tesla sales are down, the Cybertruck is an unmitigated failure and now they are losing money on insurance, then why on earth is the Tesla stock not going down?<p>Not only is the stock not going down, it&#x27;s doing well, up almost 5% year-over-year.
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powerbroker15 天前
I was driving the Model X a few years ago and ended up T-boning a minivan at ~45 MPH. Minivan rolled over. Our airbags deployed. Post accident, I discovered my glasses remained on my face and it seemed that the airbag did not even reach my body -- with the webbing taking the bulk of the impact. Car took months to repair and ~$30,000.<p>Not bad when you consider we were driving to the hospital at the time, and the accident prevented us from reaching the hospital as well as preventing us from calling on an ambulance.<p>3 &#x27;assists&#x27; that the car gave us:<p>1. Crumple zone is bigger;<p>2. Battery made our vehicle heavier;<p>3. (speculatively), the &#x27;crumple parts&#x27;, crumpled more and costed more -- leading to less (none) bodily injury.
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hn_throwaway_9915 天前
This is kind of buried in the article, but it annoys me when articles lead with a clickbait title and then <i>basically admit</i> in their own article how their clickbait title is bullshit. That is, even though the loss ratio is much higher than the industry average and indicates a loss, it has been going down for the past 3 years (116.6 in 2022, 114.7 in 2023, and 103.3 in 2024). I would expect that any startup offering would start out with a loss that then eventually turned to a profit over time.<p>All that said, I think Tesla and the EV industry as a whole will need to do a lot to bring down their repair costs. It&#x27;s insane that these cars are designed in such a way that even minor fender benders cost tens of thousands to repair. I actually think government should create liability limits for vehicles to incentivize car makers to make repairable cars. That is, if you&#x27;re driving around with a Faberge egg as a hood ornament, and I ding it, I don&#x27;t think I should be responsible for the outrageous repair charges - the recklessness was on your side, in my opinion, for putting such a fragile&#x2F;expensive machine on public roads. Otherwise car makers have little incentive to improve the repairability of their cars.
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_xerces_15 天前
If Tesla Insurance is paying out for parts to fix damaged Teslas aren&#x27;t Tesla effectively paying themselves and so recouping some of the paid out monies? Sure, it goes on a different balance sheet, but it&#x27;s all Tesla in the end.<p>On second thought maybe this loss ratio is based on buying parts at cost from the auto division and so there is still a loss there to Tesla who has to supply them from China or whereever.
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throwanem15 天前
Oh, Tesla has its own insurance underwriter? That&#x27;s normal for an automaker, right?
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bionhoward15 天前
Looks like the loss is getting closer towards profit over the last few years, maybe they’re just still figuring it out?
zombiwoof15 天前
Hey let’s put Musk in charge of the US Government he’s such a fixer , he gets it