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Self Driving Car Insurance

lemonade.com

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Re: Self Driving Car Insurance

#181

Post by [deleted] »

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…

[deleted]

Re: Self Driving Car Insurance

#182

Post by JumpCrisscross »

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?

> Surely if it's Tesla making the decisions, they need the insurance?

Why surely? Turning on cruise control doesn't absolve motorists of their insurance requirement.

And the premise is false. While Tesla does "not maintain as much insurance coverage as many other companies do," there are "policies that [they] do have" [1]. (What it insures is a separate question.)

[1] https://www.sec.gov/ix?doc=/Archives/edgar/data/0001318605/0...

Re: Self Driving Car Insurance

#183

Post by [deleted] »

vel0city wrote: post #125
rebelde wrote: post #39

99/month is more than I have been willing to pay for FSD, but if it lowers my insurance by 200/month, I could be convinced.

Lowering by $200? Full coverage on two recent model cars here and that's nearly three quarters of my monthly insurance bill. Insane what people are paying for insurance these days.

[deleted]

Re: Self Driving Car Insurance

#184

Post by JumpCrisscross »

smallnix wrote: post #146
arijun wrote: post #105

Earlier quoted context omitted.

I imagine insurance would be split in two in that case. Carmakers would not want to be liable for e.g. someone striking you in a hit-and-run.

If the car that did a hit-and-run was operated autonomously the insurance of the maker of that car should pay. Otherwise it's a human and the situation falls into the bucket of what we already have today. So yes, carmakers would pay in a hit-and-run.

> If the car that did a hit-and-run was operated autonomously the insurance of the maker of that car should pay

Why? That's not their fault. If a car hits and runs my uninsured bicycle, the manufacturer isn't liable. (My personal umbrella or other insurance, on the other hand, may cover it.)

Re: Self Driving Car Insurance

#185

Post by IshKebab »

philip1209 wrote: post #168

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 outli…

$240 per month? That's literally eight times what I pay in the UK. Ok I don't have a fancy electric car but still... what.

Re: Self Driving Car Insurance

#186

Post by [deleted] »

bmsleight_ wrote: post #172
philip1209 wrote: post #168

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 outli…

Yep - the way to get adoption, whilst the bar is too high for self-driving cars, the bar should be safer than the average person. An old greying socialist - saying that capitalism drive the right outcomes. Same with low-carbon, insurance will help with climate change mitigation.

[deleted]

Re: Self Driving Car Insurance

#187

Post by misiti3780 »

JumpCrisscross wrote: post #177
microtherion wrote: post #170

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.

> quite skeptical of Tesla's reliability claims I'm sceptical of Robotaxi/Cybercab. I'm less sceptical that FSD, supervised, is safer than fully-manual control.

this ^^

Re: Self Driving Car Insurance

#188

Post by JumpCrisscross »

IshKebab wrote: post #185
philip1209 wrote: post #168

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 outli…

$240 per month ? That's literally eight times what I pay in the UK. Ok I don't have a fancy electric car but still... what.

> $240 per month?

Are Teslas still ridiculously-expensive to repair? (I pay $1,100 a year (~$92/month) to insure my Subaru, which costs more than a Model 3.)

Re: Self Driving Car Insurance

#189

Post by bradleyjg »

IshKebab wrote: post #185
philip1209 wrote: post #168

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 outli…

$240 per month ? That's literally eight times what I pay in the UK. Ok I don't have a fancy electric car but still... what.

We have contingency fee personal injury lawyers and you have loser pays. Your system works better.

Re: Self Driving Car Insurance

#190

Post by ex-aws-dude »

sktb wrote: post #61

Hmmm. The source for the "FSD is safer" claim might not be wholly independent: "Tesla’s data shows that Full Self-Driving miles are twice as safe as manual driving"

It doesn't really matter because the insurance company itself will learn if that is correct or not when the claims start coming in

Its their own bet to make

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