Tesla is facing a rise in vandalism protests linked to CEO Elon Musk and the Trump administration, prompting concerns about potential insurance impacts. Insurify Data Journalist Matt Brannon warns that if the trend continues, insurance companies may increase rates for comprehensive coverage. Although vandalism is covered under existing plans, it typically does not lead to rate hikes as significantly as collision incidents. Analysts suggest companies might stop insuring Teslas altogether if vandalism persists, similar to recent trends affecting certain Kia and Hyundai models.
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.
As we have learned from the 2023 TikTok theft trend targeting certain model Kias and Hyundais, if these types of losses continue, carriers could refuse to offer coverage for Tesla vehicles altogether.
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