Tesla plans to offer insurance specifically designed for its electric cars through a partnership with Liberty Mutual Insurance.
Chief Executive Elon Musk has previously taken issue with the insurance industry’s handling of Tesla vehicles, like insurer AAA raising rates on Tesla vehicles in some markets, citing high claim frequencies and costs. Musk said in June that Tesla figures the average cost of insuring a Model S or Model X is about 5 percent lower than for other premium vehicles.
According the the support page, the insurance benefits include:
Tesla has partnered to offer insurance for owners in almost 20 countries, but the this is the first time the program has come to the U.S.