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Tesla started offering auto insurance in California



Tesla finally announced its car insurance, offering CEO Elon Musk in April. The company describes it as "a competitively priced insurance proposal designed to provide Tesla owners with up to 20 percent lower rates and in some cases up to 30 percent." Tesla insurance will be available in California to begin with, and it will "expand to additional US states in the future," the company says, although no schedule is specified.

Musk initially claimed that Tesla would be able to offer as much discounts on its car insurance as the company has access to to copies of the data anyway In a blog post on insurance product Tesla, the company said that advanced safety features such as Autopilot also contribute to the lower price.


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