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Tesla Hate Is Making Insurance More Expensive for Owners

gizmodo.com

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Re: Tesla Hate Is Making Insurance More Expensive for Owners

#3
This article provides no causation between 'Tesla hate' and insurance costs. The only factual claim is that Tesla insurance premiums rose 30% in 2024, and cost to insure is 25% higher than a Mercedes A-class. But a quick internet search shows that 2022 MSRPs for those cars were $47k and $34k respectively, a 32% difference.

Re: Tesla Hate Is Making Insurance More Expensive for Owners

#4

My thought is that this is not going to last. Law enforcement is completely different from a year ago, when they "couldn't find" who was ransacking Apple retail stores. There are many lawful forms of expressing your views.

Isn't most law enforcement in the US at a state or local level? Why would that be completely different from a year ago?

Re: Tesla Hate Is Making Insurance More Expensive for Owners

#5

My thought is that this is not going to last. Law enforcement is completely different from a year ago, when they "couldn't find" who was ransacking Apple retail stores. There are many lawful forms of expressing your views.

Yes, after the recent promotional event at the White House I can easily imagine protecting Teslas becomes a top priority, and that damaging one is punishable by death.

Re: Tesla Hate Is Making Insurance More Expensive for Owners

#7

My thought is that this is not going to last. Law enforcement is completely different from a year ago, when they "couldn't find" who was ransacking Apple retail stores. There are many lawful forms of expressing your views.

Honestly, I don't think the article supports the headline.

ex. "The cost to insure a Tesla Model 3 went up 30 percent last year.". Nothing happening in March of this year is affecting the price of insurance from last year. I have no doubt that stuff happening in March of this year will affect insurance prices this year but Tesla insurance is just expensive because the availability of Tesla repairs is low.

Whether or not law enforcement (which is most likely state level and therefore didn't change this year) can figure out whose doing vandalism isn't going to affect the price as significantly as Tesla's own inability to repair vehicles.

Re: Tesla Hate Is Making Insurance More Expensive for Owners

#8
> It’s a machine run on actuarial tables and its calculations are telling insurers that they’ll probably have to pay out a damage claim if they cover a Tesla EV.

How is something as recent as this already affecting interest rates? If this is true, then only negative short term trends can have such an effect. Otherwise I would expect rates to lower just as quickly when public ire moves onto the next outrage generator.

Re: Tesla Hate Is Making Insurance More Expensive for Owners

#9

My thought is that this is not going to last. Law enforcement is completely different from a year ago, when they "couldn't find" who was ransacking Apple retail stores. There are many lawful forms of expressing your views.

Unfortunately a Tesla is not under $900

Re: Tesla Hate Is Making Insurance More Expensive for Owners

#10
post #3

This article provides no causation between 'Tesla hate' and insurance costs. The only factual claim is that Tesla insurance premiums rose 30% in 2024, and cost to insure is 25% higher than a Mercedes A-class. But a quick internet search shows that 2022 MSRPs for those cars were $47k and $34k respectively, a 32% difference.

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