I recently had to renew AXA insurance on my 2015 MS 85D. Due to a variety of reasons which I won't dwell on, I was late to renew my insurance policy that expired last week. I contacted AXA to renew based on the notice they sent in late Nov, 2017. They said my old rate $9600 is no longer valid and quoted a revised rate of $17,000. The 77% increase was a shock and I demanded the reason behind such an exorbitant amount. The first reason they gave was rise in FRT. I reminded them FRT was raised last year and my old quote reflected the FRT. Then they said the company decided to raise price due to demand. Due to influx of Tesla, the company expects higher rate of claims so as a business, they need to protect themselves by raising rates. So I conunter argued that the more people buy life insurance, the higher the rate??? Seems like insurance industry is following the HK govnt to deincentivizing EV. As for me...since AXA is the only insurer in the marketplace for my MS...I'm stuck.