NEWPORT BEACH, Calif. - eTradeWire -- 1. Tesla Insurance

Tesla Inc. created an insurance program that is tailored to take into account the workings of Tesla car features, specifically its autopilot and full self-driving (FSD) features. It's an insurance program that is priced based on how much a car owner drives and how safely they drive. In the following states, a safety score is assigned to each driver based on their driving behavior.

Rates vary based on many factors, including a driver's driving record and location. Tesla Insurance claims to cost 20% to 30% less than other insurers insuring a Tesla. Insuring more than one vehicle with Tesla Insurance results in a 12% discount on car insurance.

Tesla electric vehicles have built-in capabilities for tracking drivers. With Tesla insurance, you're rated for real-time driving behavior, so you'll pay more for:

• Harsh braking
• Speeding
• Harsh turns
• Nighttime driving
• Driving lots of miles

Tesla Insurance is available in the following states:

• Arizona
• California*
• Colorado
• Illinois
• Maryland
• Minnesota
• Nevada
• Ohio
• Oregon
• Texas
• Utah
• Virginia

*Tesla Real-Time Insurance is not available in California.

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2. Swiss Re: BMW, Toyota and Lexus

In 2018, Swiss Re, the world's largest reinsurer, partnered with BMW to change the insurance landscape. Together, they built the Swiss Re ADAS risk score, a vehicle-specific insurance rating that influences how primary insurance companies rate insurance premiums based on vehicle features and risks associated with each vehicle type.

While Swiss Re's partnership has affected how BMWs get rated by insurance companies, Swiss Re does not underwrite auto insurance policies. They only influence how BMWs are rated based on safety-relevant driver assistance systems on these cars.

In 2020, Toyota and Lexus jumped on the Swiss Re bandwagon to receive new risk scores on vehicles which boast advanced driver assistance systems that are known to prevent crashes and should therefore cost less to insure.

3. Toyota Insurance

Toyota insurance is not really the carrier for policies, but an agency that promises to find the best rates for its car owners and car buyers. Toyota partners with some of the top insurance carriers to write car insurance policies and also homeowners insurance. These partners are: (to read the rest visit: https://smartfinancial.com/automakers-in-insurance)