Tesla has hired former GEICO executive Allen Laben as its head of strategic insurance partnerships, a new position at Tesla. Laben says his goal in joining the company is to make owning and insuring Tesla vehicles “easy and economical.”
“By partnering with insurance companies, teams across Tesla, and collision shops in the USA and Canada, we’ll lower the total cost of Tesla ownership and accelerate the world’s transition to sustainable energy,” Laben wrote on LinkedIn.
Before starting his role at Tesla, Laben served as GEICO’s director of claims specialty operations. Laben spent nearly 20 years working for the company.
Will lower premiums mean more EV ownership?
Tesla’s goal to decrease repair and insurance costs is part of a larger effort to speed up America’s transition to electric vehicle (EV) usage. So far, broader EV adoption has been an uphill climb.
Demand for electric vehicles is declining, according to the J.D. Power 2024 U.S. Electric Vehicle Consideration Study. …