I’m having a tin foil hat moment.
Now we know Tesla insurance is almost certainly coming to the U.K., I can’t help but shake the idea that this would be a very good way to swoop in on the market:
- Keep the number of shops who can do accident repairs artificially low, deprioritise parts to insurance repairs (parts scarcity, increase wait times and thus hire costs pushing up claim costs for insurers and premium costs for customers)
- Make said parts very expensive (pushes up premiums for existing insurers further)
- Install a different process for tesla insurance customers (prioritise parts for these repairs, parts at cost or close to it)
- Undercut everyone else in the market and wave a magic wand “fixing” all of the issues above for tesla insurance customers
- Rest of the insurance market get shut-out - Profit???
Does this sound entirely crazy?