Connect with us

Hi, what are you looking for?

CleanTechnica

Autonomous Vehicles

Tesla Owners Using Autopilot Offered 5% Discount From Insurance Firm Direct Line (UK)

The UK-based insurance company Direct Line — the largest UK-based motor insurer, that is — has begun offering Tesla owners a 5% discount if they get Tesla’s Autopilot technology.

The UK-based insurance company Direct Line — the largest UK-based motor insurer, that is — has begun offering Tesla owners a 5% discount if they get Tesla’s Autopilot technology.

The idea behind the incentive is to cut down on accident rates. Though, Direct Line representatives have noted that it’s not actually clear yet whether or not Tesla’s Autopilot system produced a safety record that could justify notably lower insurance premiums. (Tesla has noted in the past that Autopilot improves safety and reduces accident rates, especially when it comes to severe accidents.)

In other words, part of the idea behind the discount offer is to increase Tesla Autopilot usage amongst customers and thus gain further data points with which the insurance company can determine whether it makes sense to offer lower premiums to users of such systems.

“At present the driver is firmly in charge so it’s just like insuring other cars, but it does offer Direct Line a great opportunity to learn and prepare for the future,” explained Dan Freedman, Head of Motor Development at Direct Line.

Of course, Tesla Autopilot has several semi-autonomous driving features, including:

◊ Adaptive Cruise Control

◊ Autosteer

◊ Auto Lane Change

◊ Autopark (aka Summon)

Reuters provides more: “Direct Line sells insurance policies to customers introduced to it by Tesla. Tesla then provides information on the features and capabilities of its vehicles to help Direct Line set insurance prices.”

A Financial Analyst at GlobalData, Daniel Pearce, commented on the news: “Crash rates across all Tesla models have fallen by 40% since the introduction of the Autopilot system. … However, when owners seek to insure their Tesla vehicles, this is not reflected in the pricing of premiums.” He added: “The insurance industry will gradually respond to these developments.”

While the use of Autopilot will provide a discount, pricing is still varied in relation to driving history, age, claim history, etc.

Dan Freedman continued: “We aim to offer competitive premiums and we’ve welcomed a good number of Tesla drivers in the UK.”

It’ll be interesting to see how many Tesla owners in the UK end up signing up for the discount and what sorts of conclusions Direct Line comes to based on the data it gathers.


Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

 
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Cars

Originally posted on EVANNEX. by Charles Morris Tesla’s Model 3 is the best-selling EV of all time — it has now sold over 800,000 units, surpassing...

Cars

Courtesy of Union Of Concerned Scientists. By David Reichmuth, Senior Engineer, Clean Transportation Program Electric vehicles have a high profile right now, with EVs featuring...

Cars

I went to the Tesla Model S Plaid delivery event this week, and it was thrilling. I wasn’t planning on actually coming to the...

Autonomous Vehicles

It all started when I came to the realization that I haven’t been seeing any new FSD Beta test drive videos in the news...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.