A few months ago, Tesla CEO Elon Musk teased a plan to offer customers car insurance provided directly by Tesla, as opposed to a third-party insurance company. It’s a plan Tesla has been working on for years.
“Starting today, we’re launching Tesla Insurance, a competitively priced insurance offering designed to provide Tesla owners with up to 20 percent lower rates, and in some cases as much as 30 percent,” Tesla announced on its website last week. According to the statement, Tesla Insurance offers comprehensive coverage and claims management to customers in California, with planned expansion to additional U.S. states in the future.
The insurance problem is one Musk has been itching to solve for some time. Tesla vehicles are notoriously expensive to insure, despite the company’s claims that its cars are the safest in the world.
Read the article at Inc.com.