Some time ago, the domestic new energy exclusive car insurance has been launched, and many new energy car owners report that the premium has risen sharply. There is no doubt that the insurance cost of the vehicle, compared with the charging cost, has become the largest vehicle cost for new energy vehicle owners. In the US market, Tesla has also launched self-operated insurance services to meet the needs of car owners for insurance services.
It is reported that the Tesla insurance business has been launched in Illinois, Texas and California, but because the laws of each state are different, the coverage of insurance coverage is also different. According to Tesla officials, it plans to provide insurance services to customers around the world in the future, and in some states, it can save drivers up to 30%.
However, according to current surveys in some states, Tesla Insurance Services are not the lowest prices in mainstream insurance. But Texas is an exception. Tesla auto insurance is the cheapest option for mainstream auto insurance because Tesla calculates premiums and Tesla owners’ choices of vehicle features are linked to premiums.
Vehicle functions are linked to insurance premiums, mainly because Tesla Insurance provides peripheral contracting services: 1. Autopilot owner liability insurance, when an accident occurs with AP and higher-level functions enabled, the compensation amount is the same as that of a natural person;
2. Cyber security anti-fraud insurance, with a single policy limit of up to $30,000; 3. Home wall charger insurance, with a maximum payout of $3,000; 4. Electronic key insurance, with a maximum payout of $500 for lost keys. In terms of the core premium formulation, Tesla has its own calculation method, including 5 core dimensions, to score drivers and give corresponding premium figures.
The five dimensions are collision warning, sudden braking, aggressive driving, unsafe following distance, and probability of forced disengagement from the automatic driving system every 1,000 miles. The safety scoring system will be advanced with Tesla’s algorithm, and the underlying logic will remain unchanged. “If you believe in Tesla, you should trust its rationality.”
In other words, the more aggressive the driving style, the higher the driving risk, the higher the cost of Tesla insurance, and vice versa.