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Self Driving Car Insurance

lemonade.com

31–40 of 359 posts

Re: Self Driving Car Insurance

#31
post #29
post #6

I own a Model Y with hardware version 4. FSD prevented my from getting in an accident with a drunk driver. It reacted much faster to the situation than I could have. Ever since, I’m sold that in a lot of circumstances, machines can drive better than humans.

[flagged]

Well, as everyone points out: Musk uses Tesla’s stock to fund things and Tesla’s stock is decoupled from fundamentals like revenue so that means that buying his car is decoupled from funding things. Practically a syllogism.

Re: Self Driving Car Insurance

#32

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?

It’s because you bought it. Don’t buy it if you don’t want to insure.

I don't think Tesla lets you buy FSD

Re: Self Driving Car Insurance

#33

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?

Not an expert here, but I recall reading that certain European countries (Spain???) allow liability to be put on the autonomous driving system, not the person in the car. Does anyone know more about this?

Re: Self Driving Car Insurance

#34
post #29
post #6

I own a Model Y with hardware version 4. FSD prevented my from getting in an accident with a drunk driver. It reacted much faster to the situation than I could have. Ever since, I’m sold that in a lot of circumstances, machines can drive better than humans.

[flagged]

> mass human displacement campaign (a.k.a. Genocide)

genocide /jĕn′ə-sīd″/ noun

    The systematic and widespread extermination or attempted extermination of a national, racial, religious, or ethnic group. The systematic killing of a racial or cultural group.

Re: Self Driving Car Insurance

#35

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?

Because that's the law of the land currently.

The product you buy is called "FSD Supervised". It clearly states you're liable and must supervise the system.

I don't think there's law that would allow Tesla (or anyone else) to sell a passenger car with unsupervised system.

If you take Waymo or Tesla Robotaxi in Austin, you are not liable for accidents, Google or Tesla is.

That's because they operate on limited state laws that allow them to provide such service but the law doesn't allow selling such cars to people.

That's changing. Quite likely this year we will have federal law that will allow selling cars with fully unsupervised self-driving, in which case the insurance/liability will obviously land on the maker of the system, not person present in the car.

Re: Self Driving Car Insurance

#36
post #29

Earlier quoted context omitted.

[flagged]

> mass human displacement campaign (a.k.a. Genocide) genocide /jĕn′ə-sīd″/ noun The systematic and widespread extermination or attempted extermination of a national, racial, religious, or ethnic group. The systematic killing of a racial or cultural group.

Great, I’m glad your dictionary is happy about deporting 5 year olds.

“Uhm aktually it’s not a genocide it’s just a fascist police state”

Multiple humanitarian organizations define mass displacement as genocide and/or ethnic cleansing.

The holocaust literally started with mass deportations/detentions. Then the nazis figured out that it was easier to kill detainees.

Re: Self Driving Car Insurance

#37

Tesla have their own Insurance product which is already very competitive compared to other providers. Not sure if lemonade can beat them . Tesla's insurance product has similar objective in place already where it rewards self driving over manual driving.

Tesla is cooperating with Lemonade on this by providing them necessary user driving data.

If Tesla didn't want Lemonade to provide this, they could block them.

Strategically, Tesla doesn't want to be an insurer. They started the insurance product years ago, before Lemonade also offered this, to make FSD more attractive to buyers.

But the expansion stalled, maybe because the state bureaucracy or maybe because Tesla shifted priority to other things.

In conclusion: Tesla is happy that Lemonade offers this. It makes Tesla cars more attractive to buyers without Tesla doing the work of starting an insurance company in every state.

Re: Self Driving Car Insurance

#38
post #29
post #6

I own a Model Y with hardware version 4. FSD prevented my from getting in an accident with a drunk driver. It reacted much faster to the situation than I could have. Ever since, I’m sold that in a lot of circumstances, machines can drive better than humans.

[flagged]

Money is apolitical. Politics is not allowed on HN.

Re: Self Driving Car Insurance

#40
post #37

Tesla have their own Insurance product which is already very competitive compared to other providers. Not sure if lemonade can beat them . Tesla's insurance product has similar objective in place already where it rewards self driving over manual driving.

Tesla is cooperating with Lemonade on this by providing them necessary user driving data. If Tesla didn't want Lemonade to provide this, they could block them. Strategically, Tesla doesn't want to be an insurer. They started the insurance product years ago, before Lemonade also offered this, to make FSD more attractive to buyers. But the expansion stalled, maybe because the state bureaucracy or maybe because Tesla sh…

> But the expansion stalled, maybe because the state bureaucracy or maybe because Tesla shifted priority to other things.

If the math was mathing, it would be malpractice not to expand it. I'm betting that their scheme simply wasn't workable, given the extremely high costs of claims (Tesla repairs aren't cheap) relative to the low rates that they were collecting on premiums. The cheap premiums are probably a form of market dumping to get people to buy their FSD product, the sales of which boosts their share price.

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