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Insurance Rates and GPS Tracking

Discussion in 'Model S: User Interface' started by STxTesla, Aug 8, 2012.

  1. STxTesla

    STxTesla Sig #1278

    Joined:
    May 17, 2012
    Messages:
    267
    Location:
    Corpus Christi, Texas
    I have heard some suggest that the insurance rates for the Model S are going to be higher than most other luxury vehicles.
    It seems that a GPS tracking capability in the Model S would decrease the likelihood of theft and thus reduce insurance
    rates.

    I don't know if the Model S will have GPS tracking capabilities on day one, but it seems that it wouldn't take much
    to put a system in place.

    Thoughts?
     
  2. VolkerP

    VolkerP EU Model S P-37

    Joined:
    Jul 6, 2011
    Messages:
    2,464
    Location:
    Germany
    How do you think the nav knows your position on the map?
     
  3. STxTesla

    STxTesla Sig #1278

    Joined:
    May 17, 2012
    Messages:
    267
    Location:
    Corpus Christi, Texas
    Well I suppose that my presentation to the question was not appropriate.
    I should have just asked...

    If a Model S owner can track his/her car, (thereby enhancing recoverability if stolen), wouldn't insurance rates be lowered due to this sort of theft protection?
     
  4. Todd Burch

    Todd Burch Electron Pilot

    Joined:
    Nov 3, 2009
    Messages:
    5,107
    Location:
    Smithfield, VA
    When I got my quote, I was asked if the car can be tracked if stolen. I said yes due to the iPhone/web tracking apps...helped reduce rates just a little bit.
     

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