Comment by jraby3
7 hours ago
The biggest indicator for me that this headline isn't accurate is that Lemonade insurance just reduced the rate for Tesla FSD by 50%. They probably have accurate data and decided that Tesla's are significantly safer than human drivers.
But that's not what happened...
Lemonade announced an entirely new product for FSD driving, which it says should cut rates for FSD vehicles And importantly, FSD driving is no longer covered by the regular policy, so FSD drivers now need two separate insurance policies if using Lemonade: the regular insurance policy, and another one just for when using FSD.
The actual combined cost of the two insurance policies is more than the previous policy was because they didn't reduce rates for the normal insurance policies.
There will be stronger evidence if more auto insurance companies follow suit.