Tesla insurance premiums are incresing at twice the market rate amid vandalism

Tesla insurance premiums are incresing at twice the market rate amid vandalism

Tesla insurance premiums are increasing at more than twice the rate of the rest of the US auto market due...

Musk Effect? Today, insuring a Tesla for theft and fire costs 28% more due to fears of vandalism.

Insurer profits boom to $6.1b after steep premium hikes

Premium hikes, benign weather and surging investment markets have lifted profits for insurers but the business boom could be short-lived. Australia’s insurance industry recorded an annual after-tax profit of $6.1 billion in 2024, according to financial consultancy firm KPMG’s annual review of the sector. That’s three times higher than the five-year average of $2 billion. Events such as the 2023 Gold Coast Christmas Day storms impact insurance c…

Rome, 14 April 2025 - Tesla is being targeted not only by vandals, but also by the insurance companies that protect them. In recent months, perhaps thanks to the increase in vandalism registered in several Italian cities including Rome, the costs of theft and fire policies for electric vehicles produced by Elon Musk have experienced an unprecedented surge. And those who own their owner's electric car today could pay about 220 euros more per year…