Tesla begins offering insurance

Jamie McKane

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Tesla begins offering insurance

Tesla Inc. began offering auto insurance to its vehicle owners in California, touting rates as much as 30% lower without offering much detail.

The electric-car maker is offering online quotes through its website and plans to expand the service throughout the U.S. While Tesla said in a blog post that it will be able to lower costs because the company “knows its vehicles best,” the carmaker won’t use or record vehicle data when pricing insurance, according to its website.

[Bloomberg]
 
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