Tesla’s push for telematic rates rejected by California Insurance Commissioner

Tesla CEO Elon Musk said yesterday during the Q4 2021 Earnings Call that the automaker is pushing California to adopt telematics-based insurance rates. Ricardo Lara, the State’s Insurance Commissioner, is advising Musk to ease off. Telematics insurance adjusts the price of premiums based on usage. It usually can use plug-in devices or a mobile application … Continue reading Tesla’s push for telematic rates rejected by California Insurance Commissioner