Couple Points Missing from the Tesla Insurance Story

"user314" (user314) 08/29/2019 at 13:12 • Filed to: Tesla, Elon Musk, it came from the fp, Reddit

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Just to copy/paste from the !!!error: Indecipherable SUB-paragraph formatting!!! on the FP:

Tesla isn’t actually insuring cars under this scheme, they’re merely !!!error: Indecipherable SUB-paragraph formatting!!! on State National Insurance’s policies.

Also, per the !!!error: Indecipherable SUB-paragraph formatting!!! over on Reddit, people are getting rate quotes from Tesla/SNI that are 1-3 times what other companies are charging, with double the deductible:

I got onto the article late, so the comment is  bu ried, but I think it’s important more people see this info

KingT- 60% of the time, it works every time > user314 08/29/2019 at 13:25

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First they have the audacity start making their own cars, then their own chargers and now their own insurance? Where does this end?!1!?

USUSGTO > KingT- 60% of the time, it works every time 08/29/2019 at 13:27

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they need to be profit able in making wh atever they make and be sustainable.. thats how business works.

RutRut > KingT- 60% of the time, it works every time 08/29/2019 at 13:27

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Bankruptcy.

BeaterGT > KingT- 60% of the time, it works every time 08/29/2019 at 13:27

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I’ve always said Tesla is the Apple of the automotive world, this just proves it. Why go with what works when you can go with proprietary ?

MasterMario - Keeper of the V8s > KingT- 60% of the time, it works every time 08/29/2019 at 13:34

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Based on my experience with insurance industry folks this is the best move Tesla’s made so far. The managers I’ve met are constantly going on trips, to games, and to dinners all on the company dime. It’s nauseating to think about how much money these companies must be making to foot the bill for all that and be like, “yea, that’s totally fine”.

TheTurbochargedSquirrel > user314 08/29/2019 at 13:48

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I wonder what the difference between a Tesla rate and a State National Insurance rate would be.

user314 > KingT- 60% of the time, it works every time 08/29/2019 at 13:49

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My bird IS the word > KingT- 60% of the time, it works every time 08/29/2019 at 14:31

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When they go bankrupt

Ash78, voting early and often > KingT- 60% of the time, it works every time 08/29/2019 at 15:35

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LOL, nice. They never got the memo that vertical integration was a bad idea.

Actually, it’s kind of funny because today it’s all about “ecosystems” which is basically vertical integration. For decades that was considered an unprofitable approach in the long run. But just look at Apple and Amazon, who I’m sure Tesla is emulating in many ways. Even when it’s fake (like slapping your name on something you don’t even do) .

ZHP Sparky, the 5th > KingT- 60% of the time, it works every time 08/29/2019 at 15:40

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Naturally it ends with them making their own customers! 

ranwhenparked > KingT- 60% of the time, it works every time 08/29/2019 at 15:49

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With Pepsi and Coca-Cola sidelined by Tesla Cola, the final victor in the cola  wars?

user314 > ranwhenparked 08/29/2019 at 16:16

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Tesla Cola*

*carbonation will be added later with DLC

SBA Thanks You For All The Fish > TheTurbochargedSquirrel 09/12/2019 at 11:06

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Really the difference in coverage is that, using telematics and 4G networks,  the Tesla Insurance Plan can drop you from coverage up to 20 milliseconds prior to the collision.