Why is Tesla, Ford, GM and Rivian Entering the Insurance Game?
In 2019, Tesla began providing auto insurance in California, and it has since announced plans to extend to Texas, Illinois, and Washington. Through a collaboration with insurtech Metromile, Ford started offering pay-per-mile auto insurance (also known as usage-based insurance, or UBI) in 2020. General Motors established its OnStar Insurance Agency that same year to provide…