Tesla Plans to Sell Owners Cheaper Car Insurance
May 07, 2019
https://www.wsj.com/articles/tesla-plans-to-sell-owners-cheaper-car-insurance-11557221400
Tesla is trying out a new insurance program in
order to provide cheaper insurance for their autonomous vehicles. Tesla's Model
S is currently ranked as the 15th most expensive car to insure in the country.
Tesla reported over $700 M in losses this quarter, so they are trying to come
up with several new marketing strategies in order to raise revenue. They've gone
as far as even lowering the cost of their vehicles. Although this new insurance
idea is not implemented yet, it could definitely be an incentive to buy a
Tesla. Many people's concern with investing in an autonomous vehicle is the
high insurance rates. If Tesla can provide affordable insurance for its
customers, it could result in a great marketing strategy to get more Tesla
owners on the roads.
Getting a car insurance for luxury cars like tesla is very expensive. I hope there will come a time insurance companies can provide an affordable car insurance premiums.
ReplyDeleteGreat article about Finding Cheap Car Insurance:
ReplyDeleteFinding Cheap Car Insurance