Lemonade said the rate cut will reach 50% for eligible drivers enrolled in its pay-per-mile insurance product. The new offering will launch in Arizona on Jan. 26, followed by Oregon in February.
Tag: Tesla
GEICO Ends Insurance Coverage for Tesla Cybertrucks, Citing “Underwriting Guidelines”
GEICO, the second-largest auto insurance provider in the United States, has announced it will no longer offer insurance coverage for Tesla’s Cybertruck. The company has begun terminating existing Cybertruck policies, stating that the vehicle “doesn’t meet our underwriting guidelines.”
Tesla Expands Insurance Business to China
Tesla has officially established an insurance brokerage company in China, a significant move following its initial insurance venture in the United States.
Tesla Hires Former Geico Exec to Bring Down Costs for Owners of Its Electric Cars
Tesla has hired 20-year insurance veteran Allen Laben as its head of strategic insurance partnerships, where he will work with carriers and collision shops to bring down the cost of insuring its cars.
Tesla Recalls Millions of Vehicles Amid Probe Into Autopilot Crashes
Tesla will recall more than two million vehicles over concerns its Autopilot system can be misused by drivers, amid a two-year probe by U.S. auto-safety regulators into crashes involving the driver-assistance technology.
NHTSA Opens Safety Probe into Complaints from Tesla Drivers That They Can Lose Steering Control
U.S. auto safety regulators have opened yet another investigation into safety problems with Tesla vehicles.
Electric Car Tax Breaks Will Benefit U.S. Car Brands
Beginning on Tuesday, rules determining which electric vehicles qualify for tax credits will benefit American brands such as Tesla and General Motors the most
Jury Rules for Elon Musk and Tesla in Investor Lawsuit Over Tweets
A jury decided on Friday that Elon Musk was not liable for investor losses after he tweeted that he had secured funding to take Tesla private in 2018.
Elon Musk Faces Stock Fraud Trial Over 2018 Tweet About Tesla
Elon Musk will go on trial on Tuesday for alleged stock fraud in relation to a tweet he sent in 2018 in which he said he was considering delisting Tesla from the stock market.
New Study Finds U.S. Drivers Often Treat Partially Automated Cars as Self-Driving
Despite warnings, drivers who use advanced driver assistance systems such as Tesla Autopilot or General Motors Super Cruise frequently treat their vehicles as fully self-driving, according to a new study. The Insurance Institute for Highway Safety (IIHS), an industry-funded group that pushes automakers to make safer vehicles, reported on Tuesday that regular users of Super… Continue reading New Study Finds U.S. Drivers Often Treat Partially Automated Cars as Self-Driving