Tesla owners are facing potential increases in insurance premiums as rates could rise due to increasing vandalism targeting their vehicles. This trend is linked to political actions and controversies surrounding CEO Elon Musk. As foolish acts of vandalism like spray-painting and arson escalate, it results in more claims filed against insurance. Insurers typically raise rates for all Tesla drivers when claims increase, affecting even those with clean records. If the vandalism continues, insurance companies may respond by adjusting rates significantly for Tesla owners.
"If vandalism involving Tesla vehicles continues to rise and doesn't go back down, we could see rates rise for comprehensive coverage in the future," according to Matt Brannon, a data journalist at Insurify.
The vandalism isn't targeted at the owners of the cars-it's aimed at getting a message across to the company's CEO, Elon Musk, who isn’t exactly readily available for a nice quick chat.
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