By Miles launches connected car policy for Tesla drivers
By Miles , the UK-based pay-per-mile car insurance startup, has launched “the world’s first connected car insurance policy,” in collaboration with La Parisienne Assurances.
The new product – initially available for Tesla drivers – will use data directly from Tesla to calculate premiums. Drivers can log in to their By Miles account and connect it with their Tesla in order to share the car’s mileometer and location, which will enable By Miles to count miles driven. Owners driving less than 7,000 miles a year “should be able” to save compared with policies from the more “old fashioned car insurance providers.”
“The insurance industry needs to catch up and launch policies as smart as the cars themselves. Our policy is the first connected car insurance policy in the world, and the first to offer pay-by-mile cover without the need for any external technology like a black box or smartphone. We’re going totally trackerless. Tesla drivers have been getting a raw deal on car insurance, mostly because the old fashioned big insurers don’t understand their cars. But we think Tesla owners should be rewarded for making an eco-friendly choice. We’re offering UK Tesla owners who drive less than 7,000 miles a year the opportunity for fairer, more flexible premiums and a host of added extras that will do away with the many inconveniences the insurance industry inflicts on owners of connected or electric cars.” – By Miles CEO James Blackham.
“We’re delighted to be partnering with By Miles to launch the world’s first connected car insurance policy, and we’re thrilled to be launching a policy that gives Tesla owners a chance to lower the cost of their car insurance. As an industry leader in innovation, we need to stay ahead of the game and create the insurance of tomorrow. Working with By Miles to create a really impactful and transparent product that will change the insurance landscape just made sense.” – Olivier Jaillon, Chief Enablement Officer of La Parisienne.
Bottom Line: La Parisienne likes the connected world.