Tesla insurance will be available initially in California and will be extended to other US states in the future. It will have competitive prices designed to provide owners of Tesla up to 20% lower prices and in some cases up to 30%.
According to Tesla, the reduced prices are due to the company's advanced security features, such as Autopilot, adding that Tesla is already sharing information aimed at reducing the cost of insurance premiums, with insurance Companies about it.
Following is the full post from Tesla :
Starting today, we’re launching Tesla Insurance, a competitively priced insurance offering designed to provide Tesla owners with up to 20% lower rates, and in some cases as much as 30%. Tesla Insurance offers comprehensive coverage and claims management to support our customers in California, and it will expand to additional US states in the future.Because Tesla knows its vehicles best, Tesla Insurance is able to leverage the advanced technology, safety, and serviceability of our cars to provide insurance at a lower cost. This pricing reflects the benefits of Tesla’s active safety and advanced driver assistance features that come standard on all new Tesla vehicles.Tesla owners in California can purchase a policy in as little as one minute via tesla.com/insurance. For new vehicle orders, customers can request a quote prior to delivery once a VIN has been assigned to their Tesla Account.Tesla Insurance offers a convenient monthly payment with no hidden fees or charges. Customers may cancel or change their Tesla Insurance policy at any time.
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