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“Automotive industry has to prepare for two hard years”

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Opel Increases Market Share in Europe

Rüsselsheim. The upward trend at Opel continues: In the months January to August, the brand with the Blitz has slightly increased the market share in the important European market (passenger car and LCV registrations; E30) to 5.42 percent. The Rüsselsheim-based company also recorded a growing market share in the single month of August. “We have… Continue reading Opel Increases Market Share in Europe

HackerOne Raises $36.4M in Series D Financing

HackerOne, a San Francisco, CA-based hacker-powered pentest and bug bounty platform, raised $36.4M in Series D financing. This brings the company’s total funding amount to over $110M to-date. Backers included existing investors Benchmark, New Enterprise Associates, Dragoneer Investment Group and EQT Ventures. Effective immediately, David Obrand, Partner at Valor Equity Partners, will join HackerOne’s Board… Continue reading HackerOne Raises $36.4M in Series D Financing

Elon Musk: Tesla pickup truck pushed back to November

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Volocopter raises $55M led by Volvo owner Geely, sets 3-year timeline for its flying taxi service

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BMW Group sales continue positive trend in August

Munich. BMW Group sales continued their positive trend in August: Worldwide deliveries were up 4.4% on the same month last year, with a total of 181,126 premium BMW, MINI and Rolls-Royce vehicles sold. This brings the company’s total sales for the year to date to 1,617,512 units (+1.3%), in a volatile global market environment. “This… Continue reading BMW Group sales continue positive trend in August

CO2 emissions from new cars down by 3% in 2011

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CO2 emissions from new cars down by 3% in 2011

20/06/2012Europeans are buying more efficient cars. Average carbon dioxide emissions from cars continue to fall in Europe, according to preliminary figures released today.
Climate Action Commissioner Connie Hedegaard said: “Europe's car manufacturers are delivering towards the 2015 CO2 targets. These data confirm that there's steady progress in improving fuel efficiency and reducing CO2 emissions from new cars. This is a good sign for the capacity of Europe's car industry to innovate and thus maintain global competitiveness while making their products more efficient.”

The European Environment Agency today published provisional data on average CO2 emissions from new passenger cars registered in 2011. There were 12.8 million new cars registered in the EU in 2011. The average CO2 emissions from these cars were 135.7 grams CO2 per kilometre, which is 4.6g CO2/km less than in 2010 ..

Tesla Insurance Launches, Claims To Save Owners Up To 30% On Premiums

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Published on August 28th, 2019 |

by Kyle Field

Tesla Insurance Launches, Claims To Save Owners Up To 30% On Premiums

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August 28th, 2019 by Kyle Field

Tesla just officially launched its highly anticipated Tesla Insurance offering for Tesla owners in California. It promises to save owners up to 30% on their premiums compared to traditional automotive insurance companies. Tesla Insurance also sets the company up to provide the end-to-end vehicle purchase, service, fueling, and insurance services in a buildup to the launch of the Tesla Network. Talk about integrated.

Tesla Insurance is initially offering “comprehensive coverage and claims management to support our customers in California,” with other states being added after the company works the initial bugs out of the system via customers in its home state.

Saving cash is great and the opportunity to save even more money by getting in the insurance bed with the automotive manufacturer comes with its own series of potential risks and benefits. First off, Tesla presumably knows its vehicles better than anyone else, so can initiate claims, start shipping parts, and schedule repairs faster than anyone else.

Getting insurance through Tesla also puts the company on the hook for getting owners back into their vehicles as quickly as possible after an accident. In my mind, this is the real incentive for signing up for Tesla Insurance, as stories of long delays to get Tesla vehicles repaired after an accident are a dime a dozen on any internet forum.

Image courtesy: Tesla

The prospect of having an integrated pool of Tesla Insurance loaner vehicles for customers getting vehicles repaired is also attractive, as Tesla wouldn’t have to pay an outside rental company to provide a combustion vehicle. It could instead keep owners in a Tesla vehicle in the zero-emission Tesla ecosystem. It could even use the loaner process as a tool to encourage owners to trade up and get into a new, higher-performance Tesla while their vehicle is being repaired.

The lower prices come from Tesla’s direct knowledge of the passive safety of its vehicles as well as the active safety technology present in every Tesla rolling off the line for the past couple of years. Tesla has more nuanced knowledge about the safety equipment in each specific vehicle as well as the statistical safety of similar vehicles on the road, giving it a much more accurate ability to price in or out the risk of an accident. The lower premiums reflect what Tesla has been telling us all along about the safety of its vehicles. When a vehicle is 4–6 times less likely to get into an accident than the average vehicle driving around in the US today, that means lower insurance costs.

Tesla Insurance is currently only available to owners of a Tesla Model S, X, 3, or Roadster in California, with the prospect of further improving the total cost of ownership of a Tesla compared to other vehicles. In other words, this makes the all-in cost of electric vehicles that much more accessible to people in California, and around the world eventually.

Image courtesy: Tesla

The new offering can be added to an owner’s Tesla account in less than a minute. After logging into the Tesla Account, all that’s needed is a confirmation of the owner’s address and driver’s license information. Then a preliminary quote pops out. Coverages, deductibles, and the like can be adjusted as needed and the price adjusts accordingly.

For customers purchasing a new Tesla, Insurance can be added as soon as a VIN is assigned to the order, making the pickup of a new vehicle that much easier.

Image courtesy: Tesla

Importantly, Tesla specifically notes that it will not use or record vehicle data, including GPS and vehicle camera footage, when pricing insurance. (Doing so, it seems, would be illegal.)

For more information about Tesla Insurance, head over to the official website, the blog post introducing it, or my personal favorite, the Frequently Asked Questions page.

Also, this article from our in-house insurance expert is mandatory (recommended) reading: Tesla Insurance: Information Arbitrage To Save You Money.

Source: Tesla

About the Author

Kyle Field I'm a tech geek passionately in search of actionable ways to reduce the negative impact my life has on the planet, save money and reduce stress. Live intentionally, make conscious decisions, love more, act responsibly, play. The more you know, the less you need. TSLA investor.

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