Tesla To Expand Automotive Insurance Program Outside Of California

Tesla is gradually starting to expand its insurance business outside of California — starting with a new business unit in China.

Last year, Tesla launched its own insurance program, starting with availability in California, where the automaker claims up to 30% cheaper premiums than the competition.

It’s Tesla’s second entry in the insurance industry after its InsureMyTesla program in partnership with third-party insurers.

CANADIANCOMMENTS - 8/18/2020 7:29:31 PM

+2 Boost

I used to be direct with a carrier. But now I go through a broker. Great service, great coverage and prices that are just crazy low. Funny enough there are only 25 homes in my postal code that they base their ratings on. Fine by me. They are worth calling just so you know what the market prices are for insuring your home or car(s).