Vehicle manufacturer now offers auto insurance in ten states. Tesla Insurance is now available to its customers in Maryland and Utah according to availability information published online. Maryland is the 17th largest private passenger auto insurance market in the U.S. and Utah is the 31st largest market. Tesla’s auto insurance is now available to Tesla […]
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Tesla Expands Insurance Offering to Three New States, Details Benefits of Integrated Claims on Customer Experience
Company says it is already the second largest insurer of Teslas in Texas, one of its first auto insurance markets. During its quarterly earnings conference call with investors Wednesday, Tesla, Inc (NASDAQ:TSLA) announced that it expanded its “real-time” auto insurance offering into three additional states earlier this week. In response to a question asking for […]
Tesla Expands Auto Insurance Offering to Arizona and Ohio
In an update on its website, Tesla announced the availability of its auto insurance product in Arizona and Ohio. The move brings the total number of states where Tesla owners can buy the vehicle manufacturer’s insurance product to five. Ohio is the 10th largest auto physical damage insurance market in the U.S. and Arizona is […]
Tesla Expands Auto Insurance Offering to Illinois
In an update on its website, Tesla announced the availability of its insurance product in Illinois, the third state for the vehicle manufacturer. The vehicle manufacturer launched its auto insurance product in California in 2019 and later expanded to Texas. According to the Tesla website, ” Tesla Insurance is a competitively priced insurance product, offering […]
Tesla Launches Insurance in California
Vehicle manufacturer says it will expand insurance to other states in the future. In a blog post yesterday, Tesla announced it was introducing Tesla Insurance to owners in California. Elon Musk, the founder of the electric vehicle manufacturer, had announced during an earnings conference call in April that the company was planning to offer an […]
Tesla Plans to Launch Insurance Product Next Month
In response to a question during its quarterly earnings conference call, Tesla founder Elon Musk explained that the electric vehicle manufacturer was planning to launch an insurance product for Tesla owners. Last year, Tesla began opening its own collision repair centers. When asked if Tesla was considering creating an insurance program to simplify the ownership […]
Conning Report Says Auto Insurance Ripe for Disruption as Vehicle Manufacturers Enter Business
Investment management company sees opportunities for manufacturers in $179 billion personal auto insurance market. Conning, the investment management firm serving the insurance industry, says in a new report that embedded insurance, through which insurance products are distributed by non-insurance brands, could make significant inroads into both personal lines and small commercial insurance business, exceeding $70 […]
Toyota Auto Insurance Launches in Five States
Underwritten by Farmers Insurance affiliate, the program is the first branded product from vehicle manufacturer’s exclusive insurance agency. Plans expansion into four additional states. Toyota Insurance Management Solutions (TIMS) has established its first branded product, Toyota Auto Insurance, designed to offer customers quality, customizable coverage at affordable rates. Toyota Auto Insurance is currently available in […]
Tesla Opens Ninth U.S. Structural Collision Repair Center in Denver
Tesla has opened its ninth company owned structural collision repair center, a 30,000 sq. ft. facility located at 450 E. 52nd Ave. in Denver, Colo. The company, responding to vehicle owner criticism over the length of time necessary to complete body repair services, announced in 2017 that it would open company owned collision repair centers […]
HLDI Reports Tesla Model S with Advanced Features Have Fewer Physical Damage Claims
According to the a report by the Highway Loss Data Institute (HLDI) detailed in the Insurance Institute for Highway Safety (IIHS) Status Report, the combined crash avoidance features on the Tesla Model S are reducing third-party physical damage and injury liability claims. Tesla’s “Autopilot” is limited to lowering collision claims. HLDI compared the claims experience […]
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