Photo by James Bareham / The Verge
Tesla has finally announced its car insurance offering that CEO Elon Musk teased back in April. The company describes it as a “competitively priced insurance offering designed to provide Tesla owners with up to 20 percent lower rates, and in some cases as much as 30 percent.” Tesla’s insurance will be available in California to start, and it will “expand to additional US states in the future,” the company says, though no timetable was given.
Musk originally claimed that Tesla would be able to offer such vast discounts on insurance for its cars because the company has access to reams of data that each one produces. In a blog post about the insurance product, Tesla says the company’s advanced safety features, such as Autopilot, also…