It's a valid point, but insurance companies already track people by what they can.
Every reported accident has this data, for example:
- Car Year
- Car Make
- Car Model
- Car Mileage
- Driver age
- Driver Licensed since
- Driver Gender
- Driver address
- Accident address
From there you can get more data, like
- Average income per capita and per household on both ZIP Codes
- Average education level for both ZIP Codes
Some companies give you a Bluetooth tracker in exchange for discounts to get all sorts of telemetric data to add to that list
Then they run statistics on all that to determine your premium.
Tesla Insurance would be not very different, except they only track and insure Teslas. Your data is never personally identifiable, so everyone your age/sex/location would get the same price, before discounts/surcharges. I would gladly go with them, personally. I already opt in to give them data to improve the fleet from goodwill, having a financial benefit from that would be a no-brainer for me.
EDIT: Apparently in Texas it's indeed individualized data. Thanks
@Knightshade