Is Tesla entering the auto insurance market for self-driving cars?

The automaker appears to have plans to offer policies on its vehicles, banking everything on its driverless technology


By Lyle Adriano

Tesla could soon be offering insurance on its own driverless cars, confident in the safety and reliability of its automobiles. reported that the automaker is purportedly working with AXA General Insurance in Hong Kong, and with QBE Insurance in Australia to create policies for Tesla cars. Allegedly, the Australian policies start at about AUD $1,200 per year, with some plans featuring full-vehicle replacement for Teslas that are less than three years old.

It has been suggested that the policies will also cover for the Wall Connector devices used to charge the cars.

Further investigation by led to a PDF on the yet-to-be-published Australian InsureMyTesla webpage that revealed several more details on the upcoming insurance product, such as a maximum of $2,500 per policy period for lost keys and broken locks.

When asked about its new insurance program, Tesla did not immediately offer any comments.

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