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Tesla Partners With Liberty Mutual for Insurance Program

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:

New Car Replacement – Allows for a brand new car within the first year in case of a total loss
Rate guaranteed for one year
Genuine Replacement Parts
Optional 24-Hour Roadside Assistance beyond the Tesla Warranty
Optional Rental Car Reimbursement to pay your rental costs for as long as it takes to fix your Tesla
Claims Valet Service to drop off a rental car at the scene or schedule a swap at an agreed upon time and place


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