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posted by n1 on Wednesday June 07 2017, @07:23AM   Printer-friendly
from the as-much-as-you're-willing-to-pay dept.

At least one national insurer, AAA, is raising rates on Tesla vehicles based on data showing that the Model S and Model X had abnormally high claim frequencies and high costs of insurance claims compared with other cars in the same classes.

AAA said premiums for Tesla vehicles could go up 30 percent based on data from the Highway Loss Data Institute and other sources.

Tesla is disputing the analysis.

"This analysis is severely flawed and is not reflective of reality," the electric-vehicle maker said in a statement emailed to Automotive News. "Among other things, it compares Model S and X to cars that are not remotely peers, including even a Volvo station wagon."

Anthony Ptasznik, chief actuary of AAA, said the group noticed the anomaly in company data and then investigated other data sources, primarily relying on the Highway Loss Data Institute because of its scope, to confirm its analysis. "Looking at a much broader set of countrywide data, we saw the same patterns observed in our own data, and that gave us the confidence to change rates," he said.

Other large insurance companies, including State Farm and Geico, said that claims data is a major factor in calculating premiums, but would not disclose if their Tesla-owning customers would also see rates rise.

-- submitted from IRC


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  • (Score: 2) by Phoenix666 on Wednesday June 07 2017, @03:46PM

    by Phoenix666 (552) on Wednesday June 07 2017, @03:46PM (#521980) Journal

    Yes, because my examples were about other parties gaming data to smear Tesla and its cars before. The NYT reporter was gaming the review, unaware that Tesla had put a black box in the car after they got burned by Top Gear doing the same thing. And PR companies specialize in hits like this. I don't know that one was behind this AAA story, but it feels suspect to me.

    So bring you the cold facts the actuaries were working with to justify this rate increase and let us judge. Athanasius did, and that's good because it's adding perspective to the discussion of the topic. I don't know that it's what was happening here, but it's at least something to chew on.

    Your "contribution" to the discussion, though, was to belittle me categorically. It adds nothing and makes none of us any wiser.

    Do like Athanasius, not as you have done.

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