Tesla goes takes the next step towards vertical integration and will in future be expanding its will underwrite its own insurance policies - starting in California. This could not only insurance costs for Tesla-driversbut also a decisive advantage for the planned robotaxi fleet offer.
Tesla takes on its own underwriting - what does that mean?
Since the launch of Tesla Insurance in 2019 the policies of third-party providers such as State National (Markel Insurance Group) were taken over. But now takes over Tesla the risk assessment and pricing itself - initially in California.
🔹 Californian Tesla Insurance customers receive a one-time discount of 3 % when they switch to the new Tesla-policy
🔹 Tesla Eliminates third-party providers and takes control of pricing and risk assessment
🔹 Insurance could be further expanded and made available internationally in the future
What does underwriting mean?
📌 Underwriting is the process by which an insurer determines the risk of a driver and sets the premiums accordingly.
📌 Normally, data such as Driving behavior, vehicle age, location and other factors into the calculation.
📌 In Tesla's case could also Driving data from the Safety Score could also be used - at least outside California, where this method is not yet permitted.
Why Tesla offer insurance yourself - The most important advantages
🚗 Lower repair costs – Tesla Determines when and how vehicles are repaired, resulting in Costs for spare parts and working hours are optimized.
📉 Data-based risk analysis – Tesla has extensive vehicle datato tailor premiums more precisely to the user's driving behavior.
⚡ Insurance premiums for FSD drivers - Those who frequently Full Self-Driving (FSD) could in future receive benefits.
🤖 Securing the robotaxi fleet - If Tesla 2025 its Robotaxis startsthe company could insure them directly internallywithout having to rely on traditional insurers.
Comes Tesla Insurance coming to Europe soon?
Tesla's new strategy could prepare for a global expansion of the insurance program. As early as 2024 Tesla a former GEICO insurance expert to drive the expansion forward.
Should the pilot program prove successful in California proves successful, the Tesla insurance could soon be extended to other US states and possibly other countries. countries.
💡 Conclusion: Tesla By taking the step towards its own insurance processing, the company is building a new source of profit and at the same time paves the way for a fully integrated self-managed robotaxi fleet.
Keywords
Tesla, Tesla Insurance, Tesla insurance, Tesla Robotaxi, Tesla FSD insurance, Tesla accident insurance, Tesla Model Y insurance, Tesla Autopilot insurance, Tesla News, Tesla Insurance costs
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