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International Business Times UK
International Business Times UK
Business
Jim Manzon

Tesla Drivers Get 50% Insurance Cut — Insurers Are Quietly Deciding You Are the Risk

Actuaries now price Tesla's driver-assist as safer than human control. (PHOTO: Tesla Driving Alec/YouTube)

When an insurance company commits real money to a technology's safety, it cuts through the noise. That was evident on Wednesday when New York-based digital insurer Lemonade announced it would slash per-mile rates by approximately 50% for Tesla drivers using Full Self-Driving (FSD).

The product, dubbed Lemonade Autonomous Car Insurance, is the first policy designed specifically for self-driving vehicles, according to a company press release. It will launch in Arizona on 26 January before expanding to Oregon the following month.

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