Tesla prices its new Tire Protection Plan from $35 a wheel with rim damage included

[Redaktion]

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

[indy]

An Actuary ran the numbers and saw $$$ for Tesla. This is why they make so much money.

[ricegf]

An 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!