Tesla is about to face a class action after a judge refused to dismiss a lawsuit alleging that the automaker overcharged people using its insurance with “real-time data” after increasing their premiums over “fake crash warnings.”
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Tesla is preparing to expand its insurance business internationally – starting with insurance products in the United Kingdom.
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This is what the US car insurance industry really thinks about EVs, how it affects your premium, and how to choose an insurance company for your EV that really will have your back if you need help.
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Tesla confirmed today that it expanded its own insurance based on real-time driver data to two more states, Utah and Maryland – now in 10 states or 11 if you count California, which has Tesla Insurance but not the real-time data version.
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Tesla Insurance, the automaker’s growing insurance division, has launched its real-time driver data insurance product in Nevada. It is now available in eight states, plus California but without real-time driver data, and there’s evidence that several more states are coming.
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Tesla Insurance, the automaker’s growing insurance division, has launched its real-time-driver-data insurance product in three more states: Colorado, Oregon, and Virginia. It is now available in seven states total. Tesla Insurance is available in California as well but without real-time driver safety data, due to regulations.
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Tesla Insurance has enabled its controversial driver safety score, which tracks driving data in real time, in California, its biggest market, but it is only for “educational purposes” and won’t affect premiums… for now.
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Tesla Insurance is about to expand in two more states, Oregon and Virginia, and the company will underwrite the policies itself for the first time.
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Tesla announced the expansion of its new insurance business to Arizona and Ohio – making it now available in five states.
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Tesla has now expanded the availability of its real-time data car insurance product to car owners in Illinois.
It’s now the third state to get Tesla Insurance and the second one with the more recent product based on real-time data from the drivers.
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Tesla has now officially launched its insurance product using “real-time driving behavior.”
The product is only available in Texas for now.
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After a long wait, Tesla Insurance is finally expanding outside of California, starting with Texas next week.
The automaker aims to “aspirationally” expand to “most of the US” next year.
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Tesla is currently integrating Autopilot usage and more driving habits into its insurance program to deliver more accurate pricing.
According to some new reverse engineering of the Tesla mobile app, you will now be able to see your live “safety rating” score in the app.
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Tesla is about to launch its own in-house insurance program in more states after running it in California for the last year.
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Tesla is telling its insurance clients that it is reducing rates for March and April amid the pandemic, but there’s a catch.
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Tesla plans to launch its own ride-sharing app before achieving full autonomy, and the drivers will be covered under the automaker’s own driver insurance.
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Tesla is only dipping its toes into the market with its new insurance program launched last month.
The head of Tesla’s insurance program said that the automaker plans to use direct driver data where it can with permission from the owners as it expands the program.
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Tesla is launching its own insurance program today, starting with owners in California. The automaker claims that its rates are “up to 30% cheaper” than the competition, and they plan to expand to other markets.
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Tesla is about to launch a new insurance program in order to reduce costs for its owners and some details are starting to leak through a new partner behind the program.
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Tesla is going to launch a new insurance program set to launch next month, according to Elon Musk. The program comes as many Tesla buyers are complaining about the price of insurance for Tesla’s vehicles.
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In the past, Tesla owners have reported higher insurance costs due to insurers having the wrong trim level in their policies.
A similar issue is now arising as insurers are bundling up insurance data for all Tesla Model S vehicles into one category and comparing it to vehicles in other categories.
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A startup insurance company called ‘Root’ is using a mobile app to track its customers’ driving habits in order to offer discounts based on performance.
They took noticed of Tesla’s crash rate being reduced by 40% after the introduction of Autopilot based on data reviewed by NHTSA and they now want to offer discounts to Tesla drivers.
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In an exclusive report published last summer, we revealed that Tesla started offering custom car insurance to its customers in Australia and Hong Kong. At the time, the company didn’t want to comment on the new venture, but that changed yesterday during the earnings conference call.
CEO Elon Musk and President Jon McNeill confirmed that they plan to expand the program and have it match the progress of the Autopilot, which should reduce insurance rates to match its lower accident rate.
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Some Tesla owners are reporting that insurance companies are not listing the proper trim level of their Model S, which can result in a higher premium depending on the situation. The issue was first brought up yesterday by Youtuber KmanAuto, but other Tesla owners have since reported similar problems.
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