Tesla auto insurance becomes the company’s next venture

Tesla Auto Insurance

The company best known for its electric cars is now stepping into the coverage side of the business. Tesla auto insurance is now underway. The electric car company has now opened the doors to a new revenue stream. This has meant to give consumers more options when trying to find coverage for their electric vehicles. Traditional insurance plans don’t always suit the needs for the complexities of all-electric cars. The InsureMyTesla policy is meant to be a solution to this problem. Tesla auto insurance will be offered exclusively for covering…

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Electric vehicles also come with higher auto insurance premiums

auto insurance losses power grid electricity blackout electric car

Research shows that those with electric vehicles pay more for their insurance coverage Research from NerdWallet suggests that those with electric vehicles have higher auto insurance premiums. The organization has compared the premiums that drivers of electric vehicles and those with conventional vehicles experience. The reason why electric vehicles are attached to higher auto insurance premiums is due to the relatively high costs associated with operating and maintaining these vehicles. Repairing an electric vehicle can be a costly process, which could lead to financial losses for insurance providers, which has…

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Owners of electric vehicles seeing unexpected benefits with their auto insurance

Electric Car Insurance

Auto insurance and electric vehicles are a powerful match Electric vehicles are becoming more popular despite their relatively high cost and the still maturing infrastructure meant to support them. Some consumers have chosen electric vehicles for their environmentally friendly nature, while most others have pegged them as a way to save on fuel costs. Whatever the case may be, owners of electric vehicles are reaping some unexpected rewards, which are quite apparent on the auto insurance bills. Indeed, consumers are seeing savings on their insurance premiums simply by driving electric…

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