Well, no, it’s all of us, because of how insurance works. Payouts go up, premiums go up. As long as the number of destroyed Teslas is a drop in the ocean we won’t notice, but lots of companies love a good excuse to put prices up and this is just handing them a gold plated excuse on a silver platter.
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fckreddit@lemmy.ml 5 weeks ago
So long as only victims are insurance companies and Tesla, I am okay with it. To be fair, they kinda deserve it.
letsgo@lemm.ee 5 weeks ago
Taleya@aussie.zone 5 weeks ago
Well, they’d put the premiums up on tesla owners as the cars now carry increased risk.
letsgo@lemm.ee 5 weeks ago
Yes of course that’d be their primary source. But if that doesn’t cover all the payouts then it’ll lead to a general increase in insurance premiums for everyone.
Knock_Knock_Lemmy_In@lemmy.world 5 weeks ago
No, because insurers are already maximising their prices. If they could increase they would. If they don’t price fairly (price inc. vandalism on Teslas only) then they will lose business to other insurers who have proportionally less Teslas on their books.
faythofdragons@slrpnk.net 5 weeks ago
At least I’d be getting charged more for a real thing and not the normal made up reasons behind price hikes.
possiblylinux127@lemmy.zip 5 weeks ago
I honesty don’t think vandalism is covered under a lot of insurance policies.
Also I have yet to see a vandalized Tesla. It would be pretty silly for you to go vandalize a car as that’s not something you want on your criminal record.
applebusch@lemmy.blahaj.zone 5 weeks ago
Just a reminder that insurance is a scam. You are compelled to pay for it under penalty of law in the case of car insurance, and the insurance companies do everything possible to maximize their profits, being for profit companies. What this means in general is that people pay more into insurance than they ever get out. If they didn’t the insurance companies wouldn’t make a profit. The money you pay isn’t going into some huge fund that supports everyone who pays for it. If it doesn’t go to paying out claims now it goes straight to the insurance executives, or investors, or to “lobbying” politicians to keep the racket going. The day you stop paying out you get fucking nothing. All that money is just gone, for the pleasure of maybe having your claim paid out if your insurance company can’t weasel their way out of paying. Insurance is a scam, a bunch of penny pinching middlemen draining the world of human productivity and effort for their own benefit and nothing else. Any benefit a particular individual happens to get is a loss to be minimized to them.
Wanpieserino@lemm.ee 5 weeks ago
Insurance is very much needed. If there weren’t that many reckless drivers then insurance would be cheaper.
I wish we had the same thing as in Singapore. Their cars literally cannot go over the speed limit.
But yes, when insurance is basically required to have, then it’s good to start having government participation in it. The government needs to be the majority stakeholder, as it also provides all of the customers.
dan@upvote.au 5 weeks ago
being for profit companies
I think the approach in Australia is a bit better - bodily injury coverage is provided by the state and is part of the registration fee for the car. It only covers injuries to people, and does not cover repairing cars (you need to get separate insurance from an insurer for that) but it’s a good first step I guess. It means that as long as your car is registered, medical costs for both you and anyone you hit are covered.
GrosPapatouf@lemmy.world 5 weeks ago
In France, most insurance companies are mutual and not for profit. (Basically a communist hellhole!)
x4740N@lemm.ee 5 weeks ago
I’m also Australian and what this person is saying is true
I beleive its called “CTP” or “compulsory third party insurance” if I recall correctly
You can get additional optional car insurance in Australia as well
possiblylinux127@lemmy.zip 5 weeks ago
It would be a scam if you couldn’t choose the company. However, you have plenty of options. Insurance also encourages better driving since things like tickets can cause price increases. There are some privacy concerns with insurance but that is a separate issue.
Soup@lemmy.world 5 weeks ago
I mean, I would hope insurance doesn’t need to pay me. That imply I’ve involved in an accident or had my stuff stolen. Even a not for profit insurance company would operate like that. I can afford $100/mo but I cannot afford to replace not only my car but the car or property of whatever I may be found at fault for hitting(and if I get hit, can that person afford to pay me?). If I got into an accident, especially if I were younger, how would I replace my $5,000 car and the $70k BMW I just hit? What if my kid set my house on fire or what if fire leapt from my neighbour’s house to mine?
That said, it’s absolutely true that system is bloated to an absolutely disgusting level and its shocking lack of regulation for, as you say, being legally required is pitiful. It deplorable that people need to fight to get payouts sometimes and how the US uses it for healthcare is just hellish. It’s also true that the capitalist/libertarian ideal of insurance only really works if people are paid adequately but both those systems do fuck all, on purpose, to keep people’s financial security safe.
In Québec, liability is paid for by the province so our car insurance is a lot cheaper and regular insurance only needs to cover the physical property, so that’s nice. It’s still got it’s problems I’m sure, but it’s a step in the right direction.
echodot@feddit.uk 5 weeks ago
Oh I’m the whole concept of an excess. So I have to pay to have my car insured but if the damage to my car is less than a certain amount I have to pay for it? What’s the point of the insurance then.
My car is probably worth less than the excess anyway so if it was a total write-off I’d get a maybe five hundred for it, and that’s it
GrosPapatouf@lemmy.world 5 weeks ago
What you are describing is not insurance, it’s capitalism in general.
possiblylinux127@lemmy.zip 5 weeks ago
I scares me the number of people willing to commit insurance fraud. I’ve had friends who would do things like park there car in a hail storm.
wewbull@feddit.uk 5 weeks ago
Insurance companies are never the only victim. They just pass the pain forward.
Fredthefishlord@lemmy.blahaj.zone 5 weeks ago
I mean, the environment is also a victim in that case
possiblylinux127@lemmy.zip 5 weeks ago
Committing insurance fraud is honestly pretty questionable from a ethics perspective. You are cheating the game at the cost of everyone else. Why are people ok with this now in 2025? In the last few decades it as become socially acceptable to cheat the system for your own gain.
I fully support the arrest and prosecution of those who commit insurance fraud. Same goes for companies who cheat there workers out of pay.
witten@lemmy.world 5 weeks ago
The “ethics” of following laws stem entirely from the social contract. Both sides agree to a set of rules because it’s fair or in their mutual interest to take part in society. But when one side violates the social contract (causes a constitutional crisis, ignores the rule of law, etc.) then all bets are off. If you blindly follow the rules while the other side is actively ripping them up, then you’re at best a sucker and at worst complicit.
silverlose@lemm.ee 5 weeks ago
Would you/do you support what happened during the Boston tea party? I think we all like law and order, but under the current regime, justices are being found dead from mysterious causes. It’s hard to say it’s the same system of law we’re used to.
areyouevenreal@lemm.ee 5 weeks ago
I think we all like law and order
Have you never met any anarchists?
silverlose@lemm.ee 5 weeks ago
Recently, actually. They have no idealogical allies, no plan, no nothing. They’re not a voting block anyone cares about, nor do they have any actual positions to argue. I do not take their opinions seriously.
Thteven@lemmy.world 5 weeks ago
Tesla has its own insurance company lmao