IP InterviewPublished June 4, 2024
Tesla Auto Insurance, Claims, & Repair Costs
inpractise.com/articles/tesla-auto-insurance-claims-and-repair-costs
Executive Bio
Former VP, Insurance at Tesla
Interview Transcript
Disclaimer: This interview is for informational purposes only and should not be relied upon as a basis for investment decisions. In Practise is an independent publisher and all opinions expressed by guests are solely their own opinions and do not reflect the opinion of In Practise.
This is a snippet of the transcript.to get full access.
Okay, but the total repair cost is three times higher. You mentioned $10,000 for Tesla, and $3,000 for ICE. What about the frequency of claims? You mentioned that the claims in the first six months are 50% higher. What about over the following couple of years?
Over the following couple of years, it does go down. However, the frequency still remains high for Teslas for reasons I'm not sure of. It might be market-driven, as they are in large markets like California and Texas. But our frequency was higher than typical. It hovered around 15% to 20%.
Free Sample of 50+ Interviews
Sign up to test our content quality with a free sample of 50+ interviews.
Or contact sales for full access
Related Content
Root Inc: Growth Outside the DTC Channel
Former Director of State Management at Root Inc.
Root Inc: Carvana Partnership Detailed Analysis
Former Product Manager at Root Inc.
Root Inc: Embedded Distribution vs D2C
Former Product Manager at Root Inc.
Copart vs IAA: Data-Driven Insurers, International Buyers & the Shift to Digital Auctions
Former Director of Global Buyer Business Development at IAA
© 2024 In Practise. All rights reserved. This material is for informational purposes only and should not be considered as investment advice.