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Business Wars Daily

Tesla’s Auto Insurance Gets Off to a Rocky Start

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 19 September 2019

⏱️ 7 minutes

🧾️ Download transcript

Summary

Today is Thursday, September 19, and we’re looking at Tesla vs. Allstate.

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Transcript

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0:00.0

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0:04.8

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0:49.2

Thank you. From Wondry.

1:08.1

I'm David Brown, and this is Business Wars Daily on this Thursday, September 19th.

1:12.6

Can a self-driving car or one with driver assistassist technology drive more safely than you can? That question is at the heart of how much car insurance may cost in the future,

1:18.7

and if you're a Tesla owner, the very near future. Late last month, Tesla debuted its latest new

1:25.4

product, auto insurance. Teslas are famously among the most expensive

1:30.5

cars in the country to insure. One reason why Tesla owners were so interested when Elon Musk tweeted

1:37.0

his plans to offer insurance. Musk promised that the company could offer premiums that would be

1:42.1

20 to 30% less than those from traditional

1:45.9

insurance companies.

1:47.7

Tesla has several advantages that should make for lower premiums, Musk claimed.

1:52.2

Those advantages include Tesla's knowledge of its own cars and a driving safety system

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