-
Is Tesla Insurance Losing Money? New Report Says Business Not Sustainable
Thursday, May 29, 2025 - 4:28pm | 515Tesla Inc (NASDAQ:TSLA) offers insurance for its vehicle owners in a select number of states, a move that could offset higher costs from traditional insurance companies on their electric vehicles. A new report says Tesla might be losing money on its insurance division. What Happened: With the...
-
Tesla Owners Face New Challenge Amid Tariffs, Vandalism: Insurance Costs Going Up Twice The National Rate
Tuesday, April 15, 2025 - 6:52pm | 592Tesla Inc (NASDAQ:TSLA) owners have been subject to increased reports of vandalism and targeted attacks as the electric vehicle company faces declining brand value in the wake of CEO Elon Musk's continued political push. Those same owners could be in for another challenge in 2025: increased...
-
Car Insurance Premiums Are Set To Go Through The Roof Soon Due To Trump's Auto Tariffs
Monday, April 14, 2025 - 7:23am | 461Tariffs on fully assembled cars and auto parts are poised to drive up both vehicle prices and repair costs. As insurers face rising claim payouts, policyholders can expect to shoulder the burden through higher premiums. Most experts agree it's only a matter of time before customers see these...
-
Why Shares Of Insurance Company Root Are Soaring Wednesday
Wednesday, February 26, 2025 - 6:43pm | 349Insurance company Root Inc (NASDAQ:ROOT) reported fourth-quarter financial results after market close Wednesday. Here are the key highlights. What Happened: Root reported fourth-quarter revenue of $326.7 million, beating a Street consensus estimate of $291.0 million according to data from Benzinga...
-
Warren Buffett Vs. Elon Musk: Did Geico Cut Insurance Coverage On Cybertrucks For Not Meeting 'Underwriting Guidelines'?
Monday, October 7, 2024 - 5:06pm | 750One of the world's largest insurance companies seemingly ended its coverage of the Tesla Inc (NASDAQ:TSLA) Cybertruck, before a clarification averted tensions between two of the most valuable companies run by two of the richest people. What Happened: According to a report from Torque News, Geico...
-
UPDATE: Geico Is Paying For Tesla Repairs At Arizona Service Centers, Automaker Says
Saturday, October 1, 2022 - 9:56am | 117Tesla Inc (NASDAQ: TSLA) electric vehicles insured by Geico are being repaired at the automaker's service centers in the Phoenix, Arizona area, according to the automaker. Tesla authorized collision centers in the Phoenix area are servicing Geico customers and are making dozens of repairs...
-
Root Stock Is Firing Up And Looks Ready To Launch
Friday, September 17, 2021 - 12:58pm | 362Root Inc (NASDAQ: ROOT) shares are trading higher Friday, although there looks to be no company evident news to explain the jump in share price. The stock looks like it is possibly ready to break out past resistance and push higher. Root was up 5.61% at $6.30 at last check Friday...
-
3 Insurance Stocks Prepped For A Turnaround In 2021
Tuesday, February 9, 2021 - 12:00pm | 642The insurance market covers several areas like auto, home and property. Insurance stocks can be good for value and income investors as they typically come with dividends. Insurance stocks offer large addressable markets and come with a built in subscription model that brings in revenue from...
-
Not So Fast: 10 States With The Fewest Speeding Tickets In 2020
Sunday, September 13, 2020 - 3:02pm | 374According to nationwide data from Insurify Insights, the average percentage of drivers in America who’ve been cited for speeding stands at 12.67%, or 1 in 8 drivers, as of June 2020. Benzinga has analyzed data from among over 2 million registered drivers to determine the 10 states where...
-
Tesla Rolls Out Car Insurance Unit For Drivers of Its Cars In California
Wednesday, August 28, 2019 - 3:54pm | 398Tesla Inc (NASDAQ: TSLA) announced Wednesday it's launching an insurance division to offer Tesla owners cheaper coverage for their cars. What To Know Tesla Insurance will offer coverage up to 30% less expensive in some cases, but for now, only to drivers of its cars in California. The company...
-
5 Tips To Lower Your Auto Insurance Rates
Saturday, March 17, 2018 - 10:37am | 479Car insurance rates have steadily increased over the past decade. Americans on average pay between $865 and $2,610 annually, according to a ZEBRA report. That’s a good chunk of change, especially if you aren’t getting the best car insurance coverage. There's a wide range of factors...
-
Your First Car Loan: The Basics
Friday, March 16, 2018 - 10:10am | 652Have questions about financing your first car? The process can daunting, especially for first-time buyers. And, you can’t afford to gamble with your car loan. JD Power and Associates newest report found the average auto transaction for January 2018 was at $32,169. That’s a big...
-
Budget Buggies: What Are The Cheapest Cars to Insure?
Wednesday, February 15, 2012 - 4:07pm | 391Forbes has published a list of the cheapest cars to insure, taking into account personal factors inputted when obtaining auto insurance quotes, including age, gender, a person's driving record and address. Despite all of those things, the make and model of a vehicle can drastically affect the...