Electric vehicle maker Tesla has launched its own brand-specific insurance cover in Australia in partnership with insurance provider Zurich Australia.

Announcing the partnership, Tesla said that its owners will be able to benefit from a fully comprehensive motor vehicle insurance that aims to simplify the insurance process for both new and existing Tesla owners dubbed ‘InsureMyTesla’.

The product will be available for owners of all Tesla Model 3 and Model Y cars via the Tesla smartphone app.

Zurich’s insurance aims to provide an extensive coverage for Tesla vehicles that will be managed through Tesla’s repair network, with services including repairs for glass, charging equipment, and batteries.

Depending on the type of coverage they choose, customers will also be eligible for charger coverage in case of theft and damages, and even replacement cars in specific circumstances.

Tesla launched a similar programme in US in 2017 in association with Liberty Mutual.

Thom Drew, Tesla country director, Australia & New Zealand, said: “With InsureMyTesla, Tesla ownership becomes even more secure, giving more Australians the confidence to switch to Electric Vehicles.”

Justin Delaney, chief executive at Zurich Australia & New Zealand highlighted in a statement how the new partnership emphasises the growing uptake of EV in Australia, as consumers continue to seek environmentally friendly solutions.

“Ensuring these customers receive quality insurance protection is critical for supporting the national transition journey,” he added.

Zurich has acted as Tesla’s preferred insurance provider in Switzerland since 2016.

Tesla has faced major ignominy and controversy so far in 2024, causing its share price to tumble by almost 20 per cent in the year to date. The firm in late July ordered the recall of 1.85 million vehicles in the US over an issue of unattached bonnets, while earlier this week the country’s National Highway Traffic Safety Administration said that it was investigating after a Cybertruck driver was declared dead following a traffic accident in Texas.

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