
We have a lady locally who has TURO as part of her personal number plate, it's known all over the district as 'the turd car'...…..but she don't care.
REgards NeilAutocar....Volkswagen WeShare fully-electric car sharing service launched
"Customers will download an app and use their smartphone to unlock and start a WeShare car, with payments made digitally. Users must have a German address, be over 21 years old, and have held a driving license for at least a year. An introductory price of 19c per minute will be in place until September, when hire rates will increase to around 29c per minute."
Regards NeilTESLA for one are now offering a bespoke insurance product for their vehicles, and a service which Elon Musk believes will generate a significant revenue stream for the company.
Tesla (TSLA) is about to launch its in-house insurance program in more states
With the vast amount of information a tech savvy car company like TESLA have, on their drivers and their vehicles, they have moved from offering an Insurance service in partnership with another provider, and Tesla plans to use its connected features inside its vehicles, including its driver-assist features, in order to provide an insurance product that is more accurate and cheaper than the competition.
In California so far, many customers have indeed reported paying less with Tesla Insurance.
CEO Elon Musk is extremely bullish about the product:
He estimates that Tesla Insurance could reach a valuation that represents 30% to 40% of Tesla’s car business.And as we’ve talked about before, with a much better feedback loop, instead of being statistical, it can be specific. And obviously, somebody does not have to choose our insurance. But I think a lot of people will. It’s going to cost less and be better, so why wouldn’t you?
Regards NeilArticle on Inside EV's Confirmed: Rivian Will Really Sell Its Own Insurance PoliciesThe curious bit is that the Rivian Insurance will get cheaper for the people who use the Active Driving Assistance that is part of the Driver+ safety pack. That’s the name for Rivian’s equivalent to Autopilot. The more you use Active Driving Assistance, the cheaper your Rivian Insurance gets.The logic behind offering Rivian Insurance deserves compliments. As a startup, Rivian does not want to be subject to what legacy insurance companies will say it costs to repair its vehicles. A minor crash could mean a write-off. With Rivian Insurance, the automaker plans to offer lower premiums, less time in body shops, and a no-hassle experience when dealing with accidents – which are already a massive headache.
Regards NeilTuro Interviews Tesla Guest & Hosts: The Results Are Fantastic For EVs
The results are super-positive for Tesla, and the electric car industry is a whole. People who drive these cars often want to buy them. This makes Turo one of many indirect marketing schemes that Tesla benefits from over other automakers.
Your high tech car company now knows more about its customers driving behaviour than the traditional insurance companies. As reported previously, when rolled out Elon Musk believes it will be a significant revenue generator representing up to 30-40% of its car business.Here are the factors that Tesla will be tracking to determine your safety rating:
ABS Activation – Number of times ABS is activated
Hours Driven – Average daily driving time
Forced Autopilot Disengagements – Number of times Autopilot is disabled due to ignored alerts
Forward Collision Warnings – Number of times car detects a potential forward collision
Unsafe Following Time – Portion of time spent at an unsafe following distance
Intensity of Acceleration and Braking – Speed variance due to extreme acceleration and braking. Shown on a scale from 0-10 as measured against Tesla’s internal fleet.
Reflects many of the comments on the article.
Tesla are probably top of the tree with vehicle information and monitoring systems, but others are moving in the same direction. Puts them in a powerful position.In the UK, lots of new drivers get black boxes fitted that track their driving style, braking habits and time and length of their trips etc to adjust the price of their insurance depending on how safely they are perceived to drive. Most people absolutely hate this big brother supervision approach and can't wait to get onto an insurance policy that doesn't actively monitor their driving.
Using TESLA as an example, and many other car companies if not currently doing the same thing, will.1. To set the rules for what they consider to be safe driving, and the weightings for an overall safe driving points score.
2. To adjust monthly invoicing for insurance based on the previous month's safe driving scores. ( on the metric of Intensity of Acceleration and Braking-an individual TESLA driver/car score is measured against the TESLA Fleet on a 0 to 10 scale.)
3. In the event of an incident to have the evidence to support attribution of blame, or to deny liability under the terms of the policy.
Sound enough approach, wider adoption of such schemes could well have result in less new vehicles needed and less on the roads.Shared Vision: Tackling the barriers to electric car clubs in the UK
The average British car sits parked for more than 95% of the time, and when used rarely travels very far: well under half the journeys undertaken by car are under five miles. Some 29% of cars drive less than 5,000 miles in a year. A large proportion of those car owners would be financially better off by not owning their vehicles, and using car clubs for their journeys.......
I'm sure BMW/Mercedes/Stellantis all think they know what they are doing.BMW and Mercedes to sell "Share Now" to Stellantis
(gobbledegook warning!)BMW and Mercedes behold that the sale comes at a time of growth and is a move to consolidate. With the sale of Share Now to Stellantis, they intend to focus on digital multimodality (Free Now app) and digital services related to EV charging (Charge Now). They see more significant growth potential in these two areas than capital-intensive car sharing.