Tesla Strikes Deal with Liberty Mutual On Custom Insurance Package
Tesla recently announced a deal with Liberty Mutual to create a customized insurance package for its electric vehicles. The new plan, called InsureMyTesla, was designed specifically for Tesla vehicles and provide overall lower insurance costs by factoring in the vehicles’ Autopilot safety features and maintenance costs. Tesla launched the package on October 13 in the US in all 50 states, but a variation of the package also exists in 20 other countries through partnerships with different insurance companies across the globe. The National Highway Traffic Safety Administration found that crash rates for Tesla vehicles have plummeted 40% since Autopilot was first installed. Electric vehicles also generally require less maintenance then traditional, gas-powered vehicles.
