"In California, Tesla cannot offer real-time insurance or telematics due to regulatory rules. The company uses a Safety Score to adjust rates based on driving behaviors. The current version, which is called Safety Score Beta v2.2, tracks Hard Braking, Aggressive Turning, Unsafe Following, Excessive Speeding, Late-Night Driving, Forced Autopilot Engagement, and Unbuckled Driving to determine the rate it should charge."
"Tesla is working to expand into new markets and has filed applications to launch the program into new U.S. states. Back in 2022, it filed to offer insurance to Florida drivers, but it did not launch. However, the company just filed to update its Private Passenger Auto program in Florida, according to the insurance site CoverageR. It would be the first new state to obtain Tesla Insurance since Utah and Maryland launched over three years ago."
Tesla Insurance launched in late 2019 as an in-house insurance offering for Tesla vehicle owners. The program claims rates 20–30% lower than competitors. The service is currently active in twelve U.S. states: Arizona, California, Colorado, Illinois, Maryland, Minnesota, Nevada, Ohio, Oregon, Texas, Utah, and Virginia. California restricts real-time telematics, so the company uses a Safety Score to adjust rates. Safety Score Beta v2.2 tracks Hard Braking, Aggressive Turning, Unsafe Following, Excessive Speeding, Late-Night Driving, Forced Autopilot Engagement, and Unbuckled Driving. Tesla is filing to expand into Florida and other states and pursued European expansion and insurance-focused legal hires.
Read at TESLARATI
Unable to calculate read time
Collection
[
|
...
]