Tesla owners are experiencing a rise in vandalism linked to protests against CEO Elon Musk and the Trump administration. Data journalist Matt Brannon indicates this trend could lead to higher insurance rates, particularly affecting comprehensive coverage. While vandalism is typically covered, it may not influence rates as significantly as collision claims. Analysts warn that if the trend continues, insurance companies could outright refuse to cover Tesla vehicles, paralleling the issues seen with certain Kia and Hyundai models in 2022 that were targeted by theft challenges on social media.
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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