Finance Insurance Gist Tech News

10 Reasons Why Tesla S Insurance is Too Expensive

The all-electric luxury Sedan we all love – the Tesla S – is seemingly hated by the insurance industry.

People all over the US complain about high rates despite no claims in the past. The Tesla is the

  1. best
  2. safest
  3. most secure

car – it can’t even get stolen.

What’s wrong with the insurers then? Here are 10 reasons why the insurance companies are wrong in making the Tesla experience so expensive for drivers and their families.

The Best Car

The Tesla S is the best car according to Consumer Reports – twice! See Consumer Reports. Why would someone want to punish drivers for choosing a high quality car known to be reliable?

Why does the insurance industry penalize the smartest choice then?

The Tesla is not only an exclusive car for the chosen few that abides by high standards due to its price. It’s a popular high-class vehicle for the moderately wealthy as well. Via TreeHugger.

The Safest Car

Did I mention that the Tesla S is the safest car ever according to official data? See Bloomberg Business. Likewise the new Tesla X has been proclaimed to be the safest SUV ever by Tesla CEO Elon Musk as Dezeen Magazine reports among many others.


Theft is (Almost) Impossible

You can’t steal the Tesla – that is you can – only to get caught.

When you manage to steal a Tesla, here it was more of an accident, you won’t get far because the owner can track your whereabouts via an app. Isn’t this a dream technology for insurers?

Exclusive Service

Tesla repairs its cars exclusively, that means no DIY mechanics will tinker with the high-tech and thus quality is ensured. Why would insurance companies have a problem with that? It’s only the short term cost of fixing the Tesla probably in case of an accident.

Nobody seems to take into account the low likelihood of the vehicle breaking down again due to poor work for cheap. In some cases insurance companies rather declare a Tesla S with minor damage a “total loss”. See CleanTechnica. Sounds absurd to me.


Excellent Support

Some people actually complain about the inability to let a mechanic of their choice to fix Tesla issues. Yet the Tesla support excellent and replaces broken parts of for cheap or even free in some cases as a Tesla owner reports.

Entry-level Supercar

The Tesla with it its new “ludicrous mode” is actually a supercar in disguise because it accelerates at such a tremendous pace. This is basically one of the biggest advantages of electric cars. They don’t have to warm up before acceleration. They run faster instantly when you hit the “gas” pedal.

Why does instant speed make Tesla safer?

Just think passing other cars. The faster you overtake them the less risk of hitting a car approaching from behind on a highway or one approaching from the other direction on regular roads. That’s probably also why the LA police department has decided to use Tesla S for law enforcement. Even older Tesla Sedans without “ludicrous mode” are actually faster than most other high performance vehicles including sportscars.


Made in USA

The Tesla is not only a car designed in the US, it’s also manufactured in the US. It’s not one of the fake American brands that claim to be American but exploit teens overseas in Asia. Think brands like Nike or Apple which even increasingly outsource design tasks to Chinese subcontractors.

All their products are actually made in sweatshops where labor is the cheapest and democracy the weakest. Do US insurers really favor German and Japanese cars when it comes luxury sedans? We have seen what happens when Americans trust “green” cars from Germany thanks to the VW scandal.

Not State Supported

While the traditional automakers like Ford, GM or Chrysler are “too big to fail” and basically subsidized but the state – otherwise they would have gone bankrupt after the financial crisis –

Tesla is an American success story of bold entrepreneurship.

Why would insurance companies prefer car manufacturers that can go out of business any day without being “rescued” by the government? What happens to cars already owned and insured once there are no official replacement parts made anymore?


Just the Beginning

Tesla has offered three cars until now:

  1. Roadster
  2. S (Sedan)
  3. X (SUV).

These cars are still pretty expensive and cater to special interests. Soon there will be more affordable Tesla models on the market. Tesla will go mainstream with affordable models. At the same time

car manufacturers all over the world frantically attempt to catch up. Just think Porsche, Audi and the likes.

Obviously the Tesla S is just the first and most prominent example of a huge wave of electric vehicles to populate the streets in the future. Does the insurance industry have any interest in stifling that progress? Forget hybrids and low range electric cars of the first generation.

Future Innovation

Insurers are too conservative, only focusing on the past. Electric cars represent the mobility of the future. You can’t just rely on obsolete data and legacy approaches. It’s about time to adapt to modern cars and technological innovation.

Gas-powered cars will soon be extinct just like the steam-engine when it comes to trains.

Why stifle innovation and stick to hazardous engines proven to cause all kinds of health hazards including cancer? Insurance companies need to rethink their priorities and embrace a holistic approach to future technology when it comes to mobility and beyond.

* Tesla S courtesy of Tesla Motors

** (CC BY 2.0) Creative Commons image by cdorobek

*** (CC BY-SA 2.0) Creative Commons image by Al Abut

**** (CC BY 2.0) Creative Commons image by Maurizio Pesce

***** (CC BY 2.0) Creative Commons image by raneko

One Reply to “10 Reasons Why Tesla S Insurance is Too Expensive

  1. Hey, how’s it going?

    I want to pass along some very important news that everyone needs to hear!

    In December of 2017, Donald Trump made history by recognizing Jerusalem as the capital of Israel. Why is this big news? Because by this the Jewish people of Israel are now able to press forward in bringing about the Third Temple prophesied in the Bible.

    Jewish Rabbis have publicly announced that their Messiah will be revealed in the coming years who will be a leader and spiritual guide to all nations, gathering all religions under the worship of one God.

    Biblical prophecy tells us that this Jewish Messiah who will take the stage will be the antichrist “who opposes and exalts himself above all that is called God or that is worshiped, so that he sits as God in the temple of God, showing himself that he is God” (2 Thessalonians 2:4). For a time he will bring about a false peace, but “Therefore when you see the ‘abomination of desolation,’ spoken of by Daniel the prophet, standing in the holy place (Matthew 24:15)…then there will be great tribulation, such as has not been since the beginning of the world until this time, no, nor ever shall be” (Matthew 24:21).

    More importantly, the power that runs the world wants to put a RFID microchip in our body making us total slaves to them. This chip matches perfectly with the Mark of the Beast in the Bible, more specifically in Revelation 13:16-18:

    “He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

    Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.”

    Referring to the last days, this could only be speaking of a cashless society, which we have yet to see, but are heading towards. Otherwise, we could still buy or sell without the mark amongst others if physical money was still currency. This Mark couldn’t be spiritual because the word references two different physical locations. If it was spiritual it would just say in the forehead. RFID microchip implant technology will be the future of a one world cashless society containing digital currency. It will be implanted in the right-hand or the forehead, and we cannot buy or sell without it. Revelation 13:11-18 tells us that a false prophet will arise on the world scene doing miracles before men, deceiving them to receive this Mark. Do not be deceived! We must grow strong in Jesus. AT ALL COSTS, DO NOT TAKE IT!

    “Then a third angel followed them, saying with a loud voice, “If anyone worships the beast and his image, and receives his mark on his forehead or on his hand, he himself shall also drink of the wine of the wrath of God, which is poured out full strength into the cup of His indignation. He shall be tormented with fire and brimstone in the presence of the holy angels and in the presence of the Lamb. And the smoke of their torment ascends forever and ever; and they have no rest day or night, who worship the beast and his image, and whoever receives the mark of his name” (Revelation 14:9-11).

    People have been saying the end is coming for many years, but we needed two key things. One, the Third Temple, and two, the technology for a cashless society to fulfill the prophecy of the Mark of the Beast.

    Visit http://WWW.BIBLEFREEDOM.COM to see proof for these things and why the Bible truly is the word of God!

    If you haven’t already, it is time to seek God with all your heart. Jesus loves you more than you could imagine. He wants to have a relationship with you and redeem you from your sins. Turn to Him and repent while there is still hope! This is forever…God bless!


    We all know God exists. Why? Because without Him, we couldn’t prove anything at all. Do we live our lives as if we cannot know anything? No. So why is God necessary? In order to know anything for certain, you would have to know everything, or have revelation from somebody who does. Who is capable of knowing everything? God. So to know anything, you would have to be God, or know God.

    A worldview without God cannot account for the uniformity and intelligibility of nature. And why is it that we can even reason that God is the best explanation for this if there is no God? We are given reason to know or reject God, but never to know that He does not exist.

    It has been calculated by Roger Penrose that the odds of the initial conditions for the big bang to produce the universe that we see to be a number so big, that we could put a zero on every particle in the universe, and even that would not be enough to use every zero. What are the odds that God created the universe? Odds are no such thing. Who of you would gamble your life on one coin flip?

    Is there evidence that the Bible is the truth? Yes. Did you know that the creation accounts listed in the book of Genesis are not only all correct, but are also in the correct chronological order? That the Bible doesn’t say the Earth was formed in six 24-hour days but rather six long but finite periods of time? That the Bible makes 10 times more creation claims than all major “holy” books combined with no contradictions, while these other books have errors in them? The Bible stood alone by concurring with the big bang saying, “In the beginning God created the heaven and the earth” (Genesis 1:1); and says our universe is expanding, thousands of years before scientists discovered these things. Watch a potential life-changing video on the website listed below with Astronomer(PhD) Hugh Ross explaining all these facts based on published scientific data. He has authored many books, backed even by atheist scientists.

    Jesus came to pay a debt that we could not; to be our legal justifier to reconcile us back to a Holy God; only if we are willing to receive Him: “For the wages of sin is death…” (Romans 6:23).

    God so loved the world that He gave us His only begotten son, so that whoever believes in Him, through faith, shall not perish, but have everlasting life. Jesus says if we wish to enter into life to keep the commands! The two greatest commands are to love God with all your heart, soul, strength, and mind; and your neighbor as yourself. All the law hang on these commands. We must be born of and lead by the Holy Spirit, to be called children of God, to inherit the kingdom. If we are willing to humble ourselves in prayer to Jesus, to confess and forsake our sins, He is willing to give the Holy Spirit to those who keep asking of Him; giving us a new heart, leading us into all truth!

    Jesus came to free us from the bondage of sin. The everlasting fire was prepared for the devil and his angels due to disobedience to God’s law. If we do the same, what makes us any different than the devil? Jesus says unless we repent, we shall perish. For sin is the transgression of the law. We must walk in the Spirit so we may not fulfill the lusts of the flesh, being hatred, fornication, drunkenness and the like. Whoever practices such things will not inherit the kingdom (Galatians 5:16-26). If we sin, we may come before Jesus to ask for forgiveness (1 John 2:1-2). Evil thoughts are not sins, but rather temptations. It is not until these thoughts conceive and give birth by our own desires that they become sin (James 1:12-15). When we sin, we become in the likeness of the devil’s image, for he who sins is of the devil (1 John 3:8); but if we obey Jesus, in the image of God. For without holiness, we shall not see the Lord (Hebrews 12:14).

    The oldest religion in the world is holiness through faith (James 1:27). What religion did Adam and Eve follow before the fall? Jesus, Who became the last Adam, what religion does He follow? Is He not holy? He never told us to follow the rituals and traditions of man but to take up our cross and follow Him (Luke 9:23). There are many false doctrines being taught leading people astray. This is why we need the Holy Spirit for discernment. Unlike religion, holiness cannot be created. It is given to us from above by the baptism of the Spirit. Jesus is more than a religion; He is about having a personal relationship with the Father. Start by reading the Gospel of Matthew, to hear the words of God, to know His character and commandments. Follow and obey Jesus, for He is the way, the truth, and the life!

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