SAN FRANCISCO — Tesla owners in California can now buy insurance from the electric car company in what may be the first step toward the unconventional automaker providing coverage for a fleet of driverless taxis. The expansion announced Wednesday comes four months after Tesla CEO Elon Musk told analysts the company would branch into insuring its own cars for people who buy or lease them. Musk believes Tesla has learned so much about its cars that it will be able to offer rates 20% to 30% below those offered by traditional insurers. That will likely to appeal to Tesla owners who have been complaining about being charged too much for coverage. Although the insurance is only being sold in California to start, Tesla plans to offer coverage throughout the U.S. at a later undisclosed state. The policies will only be for personal usage of the Tesla cars, but the Palo Alto, California, company also wants to eventually offer commercial policies. It's a move Tesla may have to take if Musk … [Read more...] about Tesla heads down new road with car insurance in California
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Floods are the most common natural disasters in the U.S. In many areas—including the Midwest, Northeast, and Mississippi River Valley—floods are becoming more frequent, and coastal flooding has doubled in recent decades. Along with securing proper insurance for your home, it's important to protect your vehicle before the next flood happens. Does car insurance cover flood damage? What should you do if your car gets flooded, and how do you make sure you get a fair settlement for your car flood insurance claim? We talked with Penny Gusner, consumer analyst for Insurance.com and Insure.com, for the lowdown on car flood insurance. Here's what you need to know. Does car insurance cover flood damage? Yes, but you will need comprehensive auto coverage if you want your insurance company to pay you for damage to your flooded vehicle. According to Insure.com, the average rate for comprehensive coverage is $189 per year, which you'll pay in addition to collision, which averages $523. … [Read more...] about Does Car Insurance Cover Flood Damage? 9 Things You Need to Know
Honest John has been the resident “agony uncle” at The Daily Telegraph for more than 20 years, responding to readers’ car-related queries with his trademark blend of experience, authority and, sometimes, bluntness. He remains undeterred by the volume of correspondence he receives every week, from car-buying advice to the sort of complex legal cases from which he has gained a solid reputation as a champion of consumer rights. Despite receiving many hundreds of queries each week from Telegraph readers and via his own website, Honest continues to deliver his no-nonsense - and, always, highly trusted - advice. For ease of use, we’ve broken batches of Honest John queries into sections relating to the nature of the problem, such as tyres, odd noises, diesel issues, automatic gearboxes and the like. If your car has developed a fault, or for consumer advice, turn to Honest John by emailing [email protected] And if you’re one of the many readers who … [Read more...] about Common car insurance problems and advice
As Jalopnik’s resident car buying expert and professional car shopper, I get emails. Lots of emails. Sometimes folks get into a tough spot or don’t know what to do, so I’ve decided to pick a few questions and try to help out. Let’s see what we have on deck for this week: My wife leases a Nissan Leaf for about $200 a month. Our insurance on it has been as high as $300a month. I’ve asked for an explanation from my insurance agent as to why the insurance is so high and I have not received an answer. Any ideas on this matter? Is it typical to pay more for insurance on a lease than if you had a purchased with a typical auto loan? We’ve recently switched from Safeco two Travelers and have both auto and home insurance with them. This is a tough question to answer because your insurance premiums are based on numerous variables in addition to the car you drive, like your location, your driving habits and even your credit score. That being said having a … [Read more...] about Why Is My Car Insurance So High On My Electric Car?
Microwave ovens eventually die and require replacement. When mine started making an odd popping sound and emitting an electrical smell during use, I unplugged it, went to the closest store known to sell microwave ovens, bought a new one, plugged it in, and then continued heating up leftovers for lunch. It took less than an hour. Cars eventually die and require replacement. People don’t buy cars like they buy microwave ovens. You never wake up, decide to buy a new car, walk into a dealership showroom, swipe a credit or debit card, and drive away in less than an hour. FOLLOW DAILY NEWS AUTOS ON FACEBOOK. MAKE THE RIGHT DECISION AND 'LIKE' US HERE. J.D. Power research confirms this. In recent years, the company’s New Autoshopper Study has found that about 80 percent of car buyers use the Internet to research new vehicle purchases, spend an average of 14 hours doing so, and take an average of four months to make a decision about which make and model to buy. As a person who … [Read more...] about 8 Important Decisions to Make Before Buying a New Car