Elon Musk Offers a Simple Solution to Tesla’s High Insurance Premiums
Earlier this week AAA suggested that premiums for Tesla could go up by as much as 30% citing that Model S and Model X had abnormally high claim frequencies and high costs of insurance claims compared with other cars in the same classes. Tesla replied back that the insurer’s methodology was all wrong. Now, according to Insurance Business, Elon Musk offered a simple solution to drivers – ‘switch insurers’.
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As a college student, Elon Reeve Musk pledged that he would make an impact on the Internet, on the environment, and in space. As a grown-up billionaire and the inspiration for Iron Man hero Tony Stark, he is now promising to build a major, revolutionary insurance company. And just as 'car people' were skeptical then, insurance people are skeptical now.