Know how Tesla is reinventing Auto- Insurance!

The Builders Club
Oct 26, 2022

Consider a car company launching an insurance policy with built-in benefits. This company could collect and analyze consumer data using AI, charging a premium that exactly justifies the risk and saving you money every month. 

This is exactly what Tesla and many other new age car companies are offering, and it has the potential to revolutionize the auto industry.

The problem is that traditional insurance companies charge their customers through risk pooling. Customers with low risk offset those with high risk, and the average is charged to policyholders. This appears to be inefficient, and it is. 

However, Tesla has an advantage that these insurers do not: data.

Tesla can track your driving behavior in real time and use it to create a risk profile previously unimaginable to insurance companies. 

What began as a pilot program in California is now being expanded not only to three more states in the United States, but also internationally. Tesla insurance has already begun operations in China and has a license in Germany.


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What is Ditto?

Ditto is a fast-growing customer centric, spam free insurance advisory platform focusing upon contextual & personalized advisory that is changing the way we look at and buy insurance. Ditto is a product of Team Finshots.

Ditto has helped over 85,000+ people to make an informed decision when it comes to understanding and buying insurance.


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