Hacker News Reader

Comment by armen0 | Hacker News Reader

It would be more meaningful if we could see the data controlled for all the factors auto insurance is priced on (driver age, zip code, credit score, vehicle age, etc.)

Does Tesla offer massively lower insurance premiums for drivers that do the majority of their driving with FSD?

View on HN

> Does Tesla offer massively lower insurance premiums for drivers that do the majority of their driving with FSD?

Yes: https://www.tesla.com/support/insurance/fsd-discount

The discount is "up to 10%". I would call that a modest discount.

When I bought my Tesla, I had State Farm coverage for my existing (8 yo) car.

State Farm quoted me a rate of $240/mo for switching insurance to the Tesla ( up from $130/mo ). This is in California, Bay Area.

On a whim, I fired up the Tesla app and requested a quote for insurance through them.

They quoted me $134/mo.

I know, anecdata, size = 1. But I was surprised how low it was. I sent the coverage information to State Farm, to see if they would match it, but they just shrugged and said no, we can't match that.

Have you had to file a claim with them yet? I go with State Farm not because I can get a cheaper rate but because for their price they provide all of the services I expect from my insurance company when I need them.

[1] https://www.reddit.com/r/Insurance/comments/1kji0bm/just_fil...

Second this, after one incident (at fault) and having to pay nothing for the other persons $4k bill (no hassle, no deductible), SF is a good choice and paid itself back

That makes sense, and Tesla should be pricing lower for liability insurance if they have private data showing their cars are safer. But the "put your money where you mouth is" evidence would be if they offered a large discount for their own insureds that used FSD for most of their driving. I strongly believe FSD is safer than human drivers, but not sure about the magnitude. I think the FSD discount Tesla offers is a good clue, and I expect this discount to increase in the future.

Reply on news.ycombinator.com