Tesla intends to make car insurance much cheaper

Tesla intends to make car insurance much cheaper

February 5, 2020 0 By autotimesnews

The American corporation is working on a new car insurance scheme. This will significantly reduce the cost of the policy, as well as provide better service.

Tesla is known as an innovator in many areas. She begins to use new ideas and technologies long before other car manufacturers think about it. For an example, you can bring the electric cars themselves, the autopilot system, a new pickup and so on.

 Now, Tesla decided to innovate in the field of car insurance and car sharing at the same time. First of all, the brand offers to collect information about the driver, which will be analyzed automatically. Based on the data obtained on the manner of driving, the number of violations, time behind the wheel, and so on, the coefficient of the cost of insurance will be established.

 In addition, the cost of a policy through Tesla itself may be minimal. This service is planned to be provided to owners of brand cars that provide their vehicles for rideshare service. This service assumes that participants can rent their own cars for car sharing (short-term rental).

It is hard to say how successful such a business model will be. In addition, there are many Tesla owners who want to rent their car. But this will allow you to transfer part of the insurance obligations to customers of the service, as well as to Tesla itself.

Details have not yet been announced. What the conditions will be, how the service will work, and whether it will be possible to make money on your own car is unknown.