A new study from MarketWatch suggests that Tesla’s pioneering use of advanced telematics in assigning insurance risk may disrupt the insurance industry as much as the company has already disrupted global automotive markets. While many traditional insurance companies are raising rates for Tesla car owners or refusing to cover Tesla … [continued]
Since Tesla launched its own insurance service in California nearly two years ago, the automaker has expanded the program across several U.S. states. Tesla recently expanded the insurance plan to its 12th U.S. state, and it says it eventually plans to expand to all 50 states. Tesla’s insurance plans recently … [continued]
Maryland and Florida could be next in line for Tesla Insurance, according to a few reports. Teslarati has reported that the services are being expanded to Maryland and added that the Maryland Insurance Administration told them that the Balboa Insurance Company had changed its name to Tesla Insurance earlier this year. … [continued]
In Part 1, I explored the problem of high insurance rates for EVs, and the problems that can come with giving insurance companies even more data. Long story short, there are life-and-death level privacy risks that come from having your personal data out there, the data isn’t as good as … [continued]
It’s becoming more and more common to hear that some EV manufacturer or other is going to offer their own insurance. It will, of course, be underwritten by a company that specializes in insurance, but by going through a manufacturer like Rivian or Tesla, you can save money. Why? Because … [continued]
Tesla has officially launched its insurance platform in Texas and has a neat way of determining how Tesla owners receive their rates. The insurance rates are determined based upon Tesla’s evaluation of drivers’ real-time driving behavior on the road. Taking center stage is Tesla’s Safety Score system. When Texan Tesla … [continued]
One of the comments I get from some critics/skeptics is: Sure, the electricity is cheaper than petrol, but what about the insurance (wink, wink, nudge, nudge)? Some people think that this is the gorilla in the room, and I have seen many comments on Facebook quoting outrageous sums to insure … [continued]
General Motors (GM) is following Tesla’s lead and launching its own auto insurance, OnStar Insurance. I have plenty of thoughts about this, but first, let’s dive into the details.
The most important Tesla product isn’t any of its vehicles, but something else, according to Fast Company. It’s Tesla Insurance. The article opens up with praise as to how both Elon Musk and Tesla have “fascinated the world” with products such as the Tesla Model 3 and Tesla Cybertruck (reservation holders, represent!), but the article cites the fact that one product has been overlooked/under-acknowledged. It calls this product a “hugely important one,” and I agree.
Tesla just officially launched its highly anticipated Tesla Insurance offering for Tesla owners in California. It promises to save owners up to 30% on their premiums compared to traditional automotive insurance companies. Tesla Insurance also sets the company up to provide the end-to-end vehicle purchase, service, fueling, and insurance services in a buildup to the launch of the Tesla Network. Talk about integrated.
