Another Tesla story

[mostlylong]

@Goofyhoofy

their wealth of data

They probably have the data, not sure if they found the wealthy part yet.

If they cannot solve insurance, how are they going to solve C3PO and Knight Rider?

Tony Stark must be sleeping on the factory floor again and yelling “MAKE IT WORK.”

(what all great leaders do)

@mostlylong

Do they have a data advantage?

I’m not sure they would, maybe someone can explain.

They might have a repair shop advantage, including parts.

In May 2025, Tesla’s insurance arm posted a combined ratio of 121% — meaning for every dollar in premiums, it paid out $1.21 in claims and expenses. For context, most insurers break out into a profuse, “I am going to lose my job” sweat if that number nudges above 95%.
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Above 100%? You’re losing money
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Tesla Insurance launched with a promise: harness real-time driving data, reward safe behavior, and undercut legacy insurers. The pitch? “We know our cars best, so we can price risk better.” For a while, it worked—sort of. By 2024, Tesla Insurance had reached a $300 million annual premium run rate and was available in 16 states (Tesla Q1 2025 Earnings). But then came the numbers: a combined ratio of 145% in 2023, easing to “only” 121% by Q3 2024.
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And then there’s the repair bill. Teslas remain expensive to fix, with parts and labor often pricier than their ICE counterparts. And mostly VIN-locked. Even with all that data, Tesla Insurance can’t escape the gravitational pull of high repair costs — especially as increased vandalism and accident rates tick up in urban markets.