Tesla Continues its Push Into Car Insurance

In Q2 2020, Elon Musk and Zachary Kirkhorn stated that the company intended to expand Tesla Insurance. Last month, those plans seemed to be pushing forward with the company taking steps to introduce Tesla Insurance in US states, including Texas, Illinois, and Washington.

Outside the United States, Tesla has already introduced its insurance program to China. Tesla Insurance is also moving into other European countries like England and most recently Germany.

Last week, Elon Musk shared that Tesla was building up its collision repair capabilities. He noted that Tesla Insurance would make collision repair transactions smoother for customers. Musk announced that Tesla would be bringing collision repairs in-house a few years ago. Since then, the company has started the buildout of integrated Tesla centers that handle sales and service to customers.

Source: Teslarati