Tesla Insurance Could Disrupt the $300B Auto Insurance Market in USA

Support Cleanerwatt by:

*** All video and pictures are used with permission or in accordance to the copyright owner's stated policies and use allowance. ***

Image & Video Clip Sources:

1. Tesla Media

Data Sources:

DISCLAIMER: All of the content found in this video is based on my own opinion and should not be regarded as financial advice. I am not a financial advisor and this is NOT in any way a recommendation or offer to buy or sell securities. Make sure you do your own research into the facts and numbers presented in this video in this video are accurate. Always do your own due diligence. As of the recording of this video, Jonathan Stewart is not invested in Tesla (TSLA) shares or securities.

[CHMichael]

Elon is going to rule the earth from Mars

[jacobthrockmorton]

Don’t forget if they have to replace a car for a total loss Tesla gets the replacement car at cost (since they make them) plus all replacement parts are at cost.

[GeneralCarter]

This is going to suck for aggressive drivers. And even drivers who drive fast

[cybellaRob]

Always great information. Much appreciated. (Intro music not so much)

[deevnn]

Depending on the deal I'm on board...

[akirashima]

Where’s the Tesla cellphone?? I would buy it just to access the Starlink satellites!!

[dgjFOURlife]

I don't think I can afford Tesla insurance, I dont beleive in speed limits or stop signs

[behrensf]

If with FSD and robo taxis will there even be a need for insurance?

[alexilchenko]

Really good video, keep up the great work!

[FelixTheCat]

I listened/watched the same conference call, but I do not grasp the significance of some of the things that are said. So, I do appreciate your in depth analysis of this insurance angle. First of all, when Elon said that a person would pay according to their driving habits I thought, oh well, not for me. I'll be paying through the nose because I tend to go as fast as I can (within reason) all the time. But if the starting price would be half I wouldn't mind paying extra to drive my way. I'm buying the tri-motor CT. Why would I not see if it can go faster than 0-60 in 2.9 seconds? There will be other times when I will see if I can get all 4 wheels off the ground.
Also one thing to consider is that as Tesla gets to 20 million+ vehicles on the road, almost 20 million other vehicles will no longer be insured by other insurers. They may even have a multiplier effect by many being robotaxis and serving the needs of several people who never had or no longer feel the need to own a persona vehicle. We've definitely hit peak auto sales back in 2018, so from now on the pie will be getting smaller and smaller and Tesla's slice will be getting bigger and bigger IMO.

[CarlWithACamera]

Let’s take the story a bit farther down the road. Tesla insurance for Tesla owners is prelude to Tesla self-insuring their eventual autonomous robotaxi fleet. They are putting in place the data models for supporting that eventual liability, so they can factor the costs into the robotaxi business model.

[davidbeppler]

When the gov made insurance mandatory, they should have also created a gov insurance paid for by the tax payer. All insurance would be forced to be much lower as the gov would be non-profit and available everywhere in the US.

[TimothyParker]

It will only disrupt the insurance market for Tesla's. Using telematics on Tesla's is the only way they'll disrupt. So as more Tesla's get on the road and use Tesla insurance that's the only thing they'll disrupt - insurance for Tesla's.

[davidwhite]

the real reason that tesla is getting into the insurance business is that as they advance levels in self driving tech (NEVER will get to level 5 or robotaxis) no other companies will insure those drivers. Rates are based on drivers not self driving vehicles.Tesla will never have 31 million vehicles on the roads here in the USA at once. Maybe worldwide but even that will be a lot longer than 10 years.Tesla doesn't use sensors, they  use only cameras in their autopilot .WHEN someone is killed by a tesla with that on, some shark lawyer is gonna blame tesla for not using sensors for safety and take them to the  cleaners.... great video though.

[mtumasz]

Good analysis! Tesla will dominate this market without much effort because the legacy automakers and insurance play a game of hiking prices of replacement parts at the cost of the customer. Tesla does not treat their customers like idiots.

[juanasenjo]

How about HOME OWNER'S insurance.? Better yet, build self-sufficient/sustaining "smart" homes/apartments.? Getting into the home building biz can add a few more billion$ and improve the environment extraordinarily.

[shaber]

In several provinces in Canada car insurance is, by law, a provincial government monopoly. It will be interesting to see who will reap the relative benefits of the objectively lower claim costs. Will Tesla owners, in effect, be subsidizing lower rates for drivers of other vehicles?

[pascalg.]

As for all Tesla endeavors the question is not really if they « could » disrupt the market but rather « when » they will disrupt
It would have been interesting to put some guesstimates on the potential revenue $$$ for Tesla
Another point : I suppose your delivery estimates are for worldwide and not for the USA
Lastly during the conference it was funny hearing Elon asking « revolutionary actuaries » to join Tesla!

[jeremymansfield]

Great insights and analysis. Wondering if there are some comparison s to be drawn from health insurance & how they have tried to use monitoring of ppls health (via fitness trackers) to reduce premiums whilst encouraging better health? Seems Teslas model is a far superior model embedding the tracker in the ecosystem of the car! A seriously big disruption by Tesla

[jamesellis]

I did not find competitive and only insure Tesla vehicles-so any other cars you own regardless of how little you use them can not all be on the same policy-