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English => News => Topic started by: Redaktion on December 06, 2023, 19:39:33

Title: Tesla prices its new Tire Protection Plan from $35 a wheel with rim damage included
Post by: Redaktion on December 06, 2023, 19:39:33
With Model Y's popular Gemini wheel covers sold out, Tesla has initiated a Tire Protection Plan, basically an insurance against damage of your tires and rims. The prices are very competitive, and start from $35 per tire.

https://www.notebookcheck.net/Tesla-prices-its-new-Tire-Protection-Plan-from-35-a-wheel-with-rim-damage-included.779451.0.html
Title: Re: Tesla prices its new Tire Protection Plan from $35 a wheel with rim damage included
Post by: indy on December 06, 2023, 21:50:35
An Actuary ran the numbers and saw $$$ for Tesla. This is why they make so much money.
Title: Re: Tesla prices its new Tire Protection Plan from $35 a wheel with rim damage included
Post by: ricegf on December 07, 2023, 14:25:44
Quote from: indy on December 06, 2023, 21:50:35An Actuary ran the numbers and saw $$$ for Tesla. This is why they make so much money.

This is true by definition of every single type of insurance - you transfer the risk of a rare but financially devastating loss to an insurance company, and they collect more in premiums over their entire customer base than an actuary expects them to pay in claims.

Insurance doesn't save you money. It protects you from an unexpected financial crisis, a service for which you rightfully pay a (ahem) premium.

If you can afford to cover the loss, don't whine. Just don't buy that insurance!
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