Tesla is entering the car insurance business in Australia and Hong Kong. The new program is calledInsureMyTeslaand it features custom insurance plans for the company’s vehicles underwritten by bigger insurers partnering with Tesla.
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Tesla enters car insurance business as self-driving cars prepare to disrupt the industry
Tesla lists some of the benefits of its custom plan, like coverage for its home charger: -New vehicle replacement of same model and series (applicable to new and demo vehicles) if vehicle is less than 36 months from first registration -Coverage for Damage incurred to the Tesla Home Wall connector -Choice of authorised Tesla repairer -Any driver policy -Easy to understand pricing for improved Total Cost of Ownership
