Insurance as a business relies a lot on past actuarial table data to draw up algorithms to price the premiums. It contains factors like gender, age, occupation etc and the car, which is the highlight here.
If insurance companies do find data supporting the fact that these cars are less prone to payouts, due to Autopilot, they will decrease the premiums. So I am confused what is this whole "car insurance world upside down" all about?
The interesting is this:
> "If we find that the insurance providers are not matching the insurance proportionate to the risk of the car then if we need to we will in-source it," Tesla CEO Elon Musk said in February.
So Tesla as a business recognizes the cost of car has gone up due to insurance and might be actively working on subsidizing the costs.
It can either by paying some part of insurance or providing data on crashes. If it is latter, you have to wonder what kind of business Liberty Mutual is running. Any company will always say their wares are safer but it's up to the insurance companies to collect data and verify.
If insurance companies do find data supporting the fact that these cars are less prone to payouts, due to Autopilot, they will decrease the premiums. So I am confused what is this whole "car insurance world upside down" all about?
The interesting is this:
> "If we find that the insurance providers are not matching the insurance proportionate to the risk of the car then if we need to we will in-source it," Tesla CEO Elon Musk said in February.
So Tesla as a business recognizes the cost of car has gone up due to insurance and might be actively working on subsidizing the costs.
It can either by paying some part of insurance or providing data on crashes. If it is latter, you have to wonder what kind of business Liberty Mutual is running. Any company will always say their wares are safer but it's up to the insurance companies to collect data and verify.