tesla insurance News

Tesla China Offers Insurance Subsidy on Some Models Bought Before Year-End

Tesla China is offering insurance subsidies for some types of Model 3 and Model y for purchases before the end of 2023, according to a statement on its official social media account on Tuesday. (Reporting by Albee Zhang and Brenda …

Tesla Launched its Own Car Insurance. These Drivers Say it’s a Lemon.

In February, Mark Bova purchased a used 2018 Tesla Model S. Before leaving the dealer, he bought insurance from Tesla, finding the initial $93 monthly premium “really reasonable.” Sixteen days later, as he drove along the Capital Beltway to his …

Tesla Competing With ‘GEICOs of the World’ to Lower Insurance Prices

While executives of Tesla said the car maker’s insurance business isn’t yet big enough to warrant separate financial disclosure of its results, Chief Executive Officer Elon Musk reiterated a benefit for Tesla owners: cheaper premiums. Speaking on an earnings conference …

Tesla, Insurers Address Expensive Repairs in Sharply Different Ways

Tesla Inc.’s electric vehicles are expensive to repair – so much so that the automaker and insurers are addressing the issue in sharply different ways. Chief Executive Elon Musk says Tesla is making design and software changes to its vehicles …

Tesla Raises Insurance Incentives in China to Boost Purchases

Tesla Inc. said it has raised insurance incentives for car orders in China placed before Nov. 30, but reduced them for orders made next month, a move to urge consumers to place orders earlier. The U.S. automaker previously offered an …

Tesla Bets It Can Bring Down Insurance Costs, Make Driving Safer

For more than six weeks now, the tech and finance industry has been riveted by Elon Musk’s pursuit of Twitter. The topic has sucked up tons of oxygen and contributed to Tesla shares sagging amid a broader market rout and …

Tesla Insurance Turning ‘Nightmare’ Claims Experience Into ‘Dream’: Musk

Tesla is “trying to turn a nightmare into a dream with Tesla Insurance,” Chief Executive Officer Elon Musk said Wednesday. His final words during an earnings conference call that lasted more than an hour came as Musk and Chief Financial …

Tesla’s Musk Tweets Off on California Regulator Lara Over Car Insurance

Tesla founder and CEO Elon Musk thinks California Insurance Commissioner Ricardo Lara is responsible for high auto insurance rates in the state because the state does not permit consideration of its data from its auto technologies in pricing. Lara says …

Tesla Auto Insurance Expands Into Ohio

Tesla has expanded its own brand of auto insurance into Ohio, using real-time driving behavior for Model S, Model 3, Model X and Model Y owners. Ohio joins Texas, Arizona, Illinois and California as states where Tesla Insurance is live. …

Top 10 South Central Insurance Journal Stories of 2021

Winter Storm Uri, Hurricane Ida and the fallouts from each storm dominated headlines in Insurance Journal’s South Central region in 2021. Readers were also interested in Texas’ crackdown of commercial vehicles, the Texas legislature’s passing of a commercial auto tort …