Tesla Partners With Liberty Mutual for Customized Insurance Plan
A new Tesla Model X sports utility vehicle (SUV), second right, sits with Tesla Model S automobiles following assembly for the European market at the Tesla Motors Inc. factory in Tilburg, Netherlands, on Dec. 9, 2016.
Photographer: Jasper Juinen/BloombergThis article is for subscribers only.
Tesla Inc. is partnering with Liberty Mutual Insurance Co. to offer an auto-insurance plan designed specifically for its electric cars in the U.S.
The plan made available to U.S. customers starting Friday is similar to what Tesla owners have been offered in almost 20 countries. Among other benefits, Liberty will offer to replace damaged Teslas that are deemed a total loss within the first year, according to the automaker’s website. A Tesla spokesman confirmed the U.S. launch and declined to comment further.