Tesla Car Insurance Program Is Headed Out of California And Into China

The Tesla car insurance program is beginning its business expansion beyond California and is taking its firs steps into China. The electric automaker launched the coverage in California last year to make policies cheaper.

The Tesla car insurance program has remained available exclusively to drivers of the brand’s own vehicles who reside in California.

The goal at the launch of the policies was to make premiums 30 percent cheaper than the competition.

The company is now ready to move beyond the state and into a new market. Instead of expanding into another state within the US, however, it will be taking InsureMyTesla into China.

The coverage was originally available through the automaker’s partnerships with third-party insurers. It is now brokered directly by Tesla through State National Insurance, placing the company in a far stronger position of control over the entire coverage process.