Zurich Australia, a unit of insurance major Zurich, has entered into an agreement with Tesla to become the preferred electric vehicle (EV) insurance provider for the latter’s customers in Australia.
This partnership will allow Tesla owners to access the InsureMyTesla insurance offering directly through the Tesla app.
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The product, which uses Zurich’s Edge technology, is available to all Tesla Model 3 and Model Y customers.
InsureMyTesla includes coverage for all vehicle repairs including glass, charging equipment and batteries, utilising Tesla’s accredited repair network.
Zurich has been Tesla’s preferred insurance provider in Switzerland since 2016 and is now extending this collaboration to the Australian market.
Zurich Australia & New Zealand chief executive officer Justin Delaney said: “EV uptake in Australia is rapidly growing as consumers continue to recognise the importance of lowering their environmental impact. Ensuring these customers receive quality insurance protection is critical for supporting the national transition journey.
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By GlobalData“Zurich and Tesla share a common pursuit to drive a more sustainable future, invest in cutting edge technology and provide leading products and services to a loyal customer base. With shared global strength paired with deep local expertise, this is a natural alignment that will benefit many Australians on our roads.”
Tesla country director, Australia & New Zealand Thom Drew said: “Zurich has a long-standing reputation for protecting its customers in Australia and across the globe. As the preferred provider for InsureMyTesla, Zurich offers Tesla customers affordable and convenient insurance, all accessible within the Tesla App.
“With InsureMyTesla, Tesla ownership becomes even more secure, giving more Australians the confidence to switch to electric vehicles.”
Earlier this month, Zurich teamed up with Aon to launch a clean energy insurance solution aimed at accelerating the development of clean hydrogen projects.
The new facility provides coverage for capital expenditures up to $250m for global blue and green hydrogen projects.
Last week, insurtech company Cowbell, which specialises in cyber insurance, secured $60m in Series C equity funding from Zurich.
