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Elon Musk (51) has come up with a new blow on how he can make more money with Tesla. Answer: Tesla fuse. As Tesla reports on its website, this car insurance is only available in certain states in the US for Tesla S, 3, X and Y models.
First of all, there is a special feature. With Tesla Insurance, driving behavior is monitored in real time by existing vehicle software. The company constantly generates a safety score from this. This forms the basis of the monthly premium. Therefore, it can change constantly.
At 90 points, you pay $120 a month for insurance, as in an example shown on the Tesla website. 100 points is the maximum. “The higher your safety score, the more you save on Tesla insurance,” he says. The car manufacturer assumes that the majority of Tesla drivers have a score above 80. You get 90 points when you first register.
Opinions were divided
The new insurance model is hotly debated on Tiktok. Opinions on this matter are very different. Some voices congratulate the new model, while others point out the inconsistencies.
To generate the score, Tesla examines the following criteria:
- Forward Collision Warnings
- hard braking
- Aggressive turning
- uncertain grandchild
- Forced autopilot shutdowns
- driving in the dark
A Tiktok user is particularly uncomfortable driving in the dark. Those who drive between 10 p.m. and 4 p.m. have to dig deeper into their pockets for insurance. This also raises the question of how exactly Tesla made all these criteria measurable.
Another user found out how high the insurance premium can go. Zero security points results in a bonus of $800 per month. It would probably be better for people with zero scores not to get behind the wheel at all.
Bonus depends on other criteria
However, the safety score is only one of six categories Tesla uses to calculate the bonus. It also matters how many cars you drive, where you live, which Tesla model you have, which insurance model you choose, and how many cars you insure with Tesla. There is a 12% discount on second vehicle purchases and above.
Tesla emphasizes that the company places “special emphasis” on data protection. Tesla does not track location or store data about whereabouts.
The rumor mill is still bubbling: Tesla also wants to conquer the international market with its fuse model. However, it is doubtful whether such a model could also be applied in Switzerland. Zurich is currently the automaker’s official insurer in this country – but electric cars can of course also be insured by other Swiss providers. Zurich models are still an ordinary fuse, just like any other car. “Today, many customers do not want their driving behavior to be electronically recorded and evaluated by their insurers,” Zurich Swiss media spokesman David Schaffner told Blick.
However, it is certainly conceivable that in Zurich insurance models with real-time data could emerge in Switzerland as well. “Zurich Switzerland believes that sharing data could be of interest to customers in the future if it gives them an advantage,” says Schaffner. However, it’s important that customers get full transparency and know what’s going on with the data.
Zurich is already taking a small step in this direction with a new mileage-based car insurance. An adapter measures the distance traveled and customers pay the base rate per kilometer traveled.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
