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Self Driving Car Insurance

lemonade.com

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Re: Self Driving Car Insurance

#161

Post by redanddead »

Veserv wrote: post #153
Onavo wrote: post #130

Earlier quoted context omitted.

You as the consumer when you buy a tesla car that's twice the price of what you can get it for in Asia. Teslas are very cheap to produce. Remember with their own insurance they also have access to the parts at cost.

That is not true. Since Tesla was losing money on their insurance to boost sales the customers were not paying for it since they were receiving a service for below cost. The people paying were actually the retirement funds who fronted Tesla's cash reserves when they purchased Tesla stock and the US government paying for it in the form of more tax credits on sales that would not have otherwise materialized without thi…

Wow this went deep ahaha

Re: Self Driving Car Insurance

#163

Post by redanddead »

abtinf wrote: post #128
jasoncartwright wrote: post #5

If it autonomous or self-driving then why is the person in the car paying for the insurance? Surely if it's Tesla making the decisions, they need the insurance?

You insure the property, not the person.

well it's the risk, the combination ..

it's why young drivers pay more for insurance

Re: Self Driving Car Insurance

#164

Post by crazygringo »

hamdingers wrote: post #55

The whole point of self-driving cars (to me) is I don't have to own or insure it, someone else deals with that and I just make it show up with my phone when I need it.

That's the point of self-driving fleets. Or maybe a special category of leased vehicles.

This is about a self-driving car you own.

Re: Self Driving Car Insurance

#165

Post by taneq »

davidhunter wrote: post #28
jasoncartwright wrote: post #5

If it autonomous or self-driving then why is the person in the car paying for the insurance? Surely if it's Tesla making the decisions, they need the insurance?

Seems like the role of the human operator in the age of AI is to be the entity they can throw in jail if the machine fails (e.g. driver, pilot)

I’ve said for years that pragmatically, our definition of a “person” is an entity that can accept liability and take blame.

Re: Self Driving Car Insurance

#166

Post by kyleee »

renewiltord wrote: post #30
throw20251220 wrote: post #12

Earlier quoted context omitted.

Who’s the “operator” of an “autonomous” car? If I sit in it and it drives me around, how am I an “operator”?

If you get on a horse and let go of the reins you are also considered the operator of the horse. Such are the definitions in our society.

Great analogy, lol

Re: Self Driving Car Insurance

#168

Post by philip1209 »

I was curious what the break-even is where the insurance discount covers the $99/mo FSD subscription. I got a Lemonade quote around $240/mo (12k mi/yr lease on a Model 3), so 50% off would save ~$120/mo - i.e. it would cover FSD and still leave ~$21/mo net. Or, "free FSD is you use it".

I believe, at the end of the day, insurance companies will be the ones driving FSD adoption. The media will sensationalize the outlier issues of FSD software, but insurance companies will set the incentives for humans to stop driving.

Re: Self Driving Car Insurance

#169

Post by crazygringo »

1970-01-01 wrote: post #10

A 50% discount is pretty damning empirical evidence for FSD being better at driving your Tesla than you are.

Yeah I'm actually very curious about this, it's the first I've heard.

I'd like to know what data this is based on, and if Tesla is providing any kind of subsidy or guarantee.

There's also a big difference between the value of car damages and, well, death. E.g. what if FSD is much less likely to get into otherwise common fender benders that don't harm you, but more likely to occasionally accidentally drive you straight into a divider, killing you?

Re: Self Driving Car Insurance

#170

Post by microtherion »

I'm quite skeptical of Tesla's reliability claims. But for exactly that reason, I welcome a company like Lemonade betting actual money on those claims. Either way, this is bound to generate some visibility into the actual accident rates.
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