Team Clark is adamant that we will never write content influenced by or paid for by an advertiser. To support our work, we do make money from some links to companies and deals on our site. Learn more about our guarantee here.
After pioneering the mainstreaming of electric cars, a new report suggest Tesla may now have its sights set on insuring those vehicles too.
Read more: Tesla’s new master plan: Reshape the car industry one disruption at a time
Autoblog reports the company is floating a trial balloon by teaming with insurers in Australia and Hong Kong to underwrite policies that would cover Teslas already on the road. AXA General Insurance in Hong Kong and QBE Insurance in Australia are reportedly the partner insurers.
While a Google search reveals there is supposedly an InsureMyTesla website, the link was redirecting to the automaker’s support page at last check.
Perhaps more tantalizing, there’s a pdf file floating around that details what the Tesla insurance plan would cover.
Here’s a partial list of coverages:
As for cost, the Australian version of this policy reportedly works out to be the equivalent of $900 annually. That’s really cheap considering how uber-expensive Teslas are!
If this Pacific Rim insurance test goes well, we could see a similar policy here in the United States.
You no doubt heard about the role Tesla’s Autopilot feature played in the recent death of one driver. Autonomous cars are sure to present a lot of challenges and maybe some opportunities for insurers.
In fact, a British insurer recently became the first company in the world to underwrite a ‘driverless car policy.’ U.K. insurer Adrian Flux unveiled the driverless car insurance in June in a bid to grab some publicity.
‘As [we] continue to invest in driverless research in preparation for the growing market for autonomous vehicles in the near future,’ general manager for Adrian Flux general manager Gerry Bucke remarked, ‘we wanted to help provide confidence and clarity around the ongoing debate of ‘who is liable?”
So what exactly does the Adrian Flux policy cover? In addition to standard coverages like comprehensive and collision, their policy protects owners of self-driving cars in the U.K. from the following:
Read more: Uber makes big move toward wide deployment of self-driving cars
This post was last modified on March 22, 2017 4:23 pm
Deciding to save and invest are great habits. But once you check that box, your…
If you're considering subscribing to Fubo, you need to be comfortable missing out on some…
Are you looking for a way to earn 2% back on every purchase you make…
You're not alone if you're running a balance on your credit cards. Collectively, Americans are…
A big part of saving money comes down to knowing how to comparison shop. But…
If you work for a big company as a full-time employee, chances are you have…