Or, much more likely, that the average person who buys a Mustang GT drives ina much more accident-prone (and a much more expensive accident-prone) manner than the type of person who buys a Tesla.
A very large (and the most variable) part of the actuarial cost of car insurance is third party liability, not the liability the insurer takes on for repairs to your own car or fire/theft.
The difference between insuring a 19-year old man and a 55-year old woman on the same car is huge.
A very large (and the most variable) part of the actuarial cost of car insurance is third party liability, not the liability the insurer takes on for repairs to your own car or fire/theft.
The difference between insuring a 19-year old man and a 55-year old woman on the same car is huge.