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Tesla argues for setting premiums based on technology

The United States electric car manufacturer Tesla is in favour of pricing auto insurance based on vehicle technology that promotes risk reduction, says data analysis firm GlobalData.

“The exponential advances in technology have made drivers much more cautious, as the potential for driver errors is reduced when Tesla’s autopilot function is up and running,” said Daniel Pearce, a senior financial analyst. GlobalData. Collision rates for all Tesla models have dropped 40% since the introduction of the autopilot system. However, when owners wish to insure their Tesla, this is not reflected in the premiums. “

The automaker’s solution has been to partner with insurers in 20 countries to set up the Insure my Tesla program. GlobalData indicates that this program wants to offer insurance vehicle owners insurance products that reflect the increased safety offered by the technology included in their car.