Musk believes that as driver assistive technology and autonomous driving technology become increasingly standard, auto insurance rates should drop significantly.
Editor’s note: This article is from Tencent Technology, reviewing the Golden Deer.
August 29th news, according to foreign media reports, US local time on Wednesday, electric car manufacturer Tesla announced that the company will launch a car insurance service designed to provide drivers for California (its largest market) Lower rates because its electric cars are safer.
Tesla CEO Elon Musk is one of the strongest supporters of low-rate car insurance. He believes that as driver assistive technology and autonomous driving technology become increasingly standard, auto insurance rates should drop significantly. Tesla said that the premium rate for its new program is 20% lower than that of its competitors, but it does not provide a specific numerical comparison.
Tesla did not disclose the name of the insurance partner, but the California Department of Insurance website showed that Tesla obtained a brokerage license to conduct business on behalf of Markel Corp.’s national insurance company.
Tesla has previously stated that its Model 3 electric sedan has the lowest probability of causing driver and passenger injury in vehicles tested by the National Highway Traffic Safety Administration (NHTSA). However, the agency responded that Tesla had made a “misleading statement” and sent a letter to the company in October last year.
According to security researchers and insurance providers, Tesla’s cars are often among the most expensive insurance vehicles due to the high maintenance costs of parts and sensors.
Financial Research Provider 24/7 Wall St. A review conducted in 2018 that analyzed the Highway Safety Insurance Institute’s claim frequency and insurance cost data, listing Tesla Model S and Model X as insured The most expensive vehicle in the first place.
The representative of the National Insurance Company did not immediately respond to calls and emails asking for comment. Tesla said it will provide “full coverage” and claims processing to customers in California, and said that this business will be extended to other states in the future.
The National Insurance Company filed an application for the Tesla Insurance Plan in November 2018, and the California regulator approved the application in April. The company wrote in a memo that using data from vehicles and consumers would allow lower costs to attract and serve insurance customers.
In autopilot mode, data from Tesla Motors “will reduce the frequency and severity of Tesla owners’ claims for collisions,” the National Insurance Company said, a factor that will enable it to be at a lower cost. Provide insurance.
Tesla renewing, its insurance pricing also cut some of the fees charged by traditional insurance companies, the nature of these costs is still unclear. (Tencent Technology Review / Jinlu)