InsureMyTesla

Over a year ago, we published an exclusive report revealing that Tesla was working on a new car insurance program, which it started offering to its customers in Australia and Hong Kong. It has since expanded into several other markets including North America and Tesla is apparently building it up as a ‘Customer Centric Insurance Company’.

It looks like this new company couldn’t come soon enough for Tesla owners as the Model S becomes the most expensive car to insure in the US.
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Last year, we published an exclusive report revealing that Tesla was working on a new car insurance program, which it started offering to its customers in Australia and Hong Kong. Tesla executives have since been talking about working more closely with insurance companies as self-driving technology improves.

Now we learn that Tesla is preparing to launch the same program in North America.
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Self-driving cars will almost completely eliminate the occurrence of car accidents caused by humans, which represents about 90% of all car accidents in the U.S. according to NHTSA. Consequently, autonomous driving has the potential to save millions of lives and millions in repair costs around the globe every year. That’s great for almost everyone except the car insurance industry.

This upcoming disruption makes this news particularly interesting considering it’s coming from a leader in autonomous driving technology. Electrek has learned that Tesla is entering the car insurance business starting with new programs in Australia and Hong Kong.
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