Tesla Hires Geico Executive to Help Lower Insurance Costs
Tesla has hired a long-time GEICO executive to help lower the insurance costs for its electric vehiclesTesla has hired a long-time GEICO executive to help lower the insurance costs for its electric vehicles.
Electrek 5:39 pm on June 4, 2024
- Tesla hires GEICO executive Allen Lambert to reduce insurance costs for Tesla vehicles.
- The goal is to expand Teslas Full Self-Driving (FSD) product and make EV ownership economical.
- Lambert will lead Insurance Partnerships, working with insurance companies and collision shops.
- Tesla's FSD score influences insurance pricing based on real-time driving data from Tesla vehicles.
- Tesla hires Allen Lambert, a GEICO veteran, to lower EV insurance costs by leveraging real-time driving data and fostering partnerships with other insurers.
- The initiative is part of Teslas effort to make Full Self-Driving more accessible and affordable for consumers.
- Lambert's role will involve collaboration between Tesla, insurance companies, and collision shops to achieve cost reductions in EV ownership.
- Teslas proprietary safety score system plays a significant part in determining premiums based on real-time vehicle performance data.
https://electrek.co/2024/06/04/tesla-hires-geico-executive-to-help-lower-insurance-costs/