Tesla Insurance launched in 2019, limited to the automaker’s home state of California. The product was then updated to be based on real-time driving data when it launched in Texas earlier this year.
Tesla has now expanded the real-time insurance product to another state, Illinois.
In a recent update to the Tesla Insurance website, all three states are now listed as having the product available, with only Illinois and Texas being based on real-time driving behaviour.
According to the website, owners can now “get competitive rates…in as little as one minute.”
Thanks to the connected nature of Tesla cars, those competitive rates are determined by analyzing factors like Forward Collision Warnings, Hard Braking, Aggressive Turning, and more.
All of factors are explained during the sign-up process, and are used to calculate your Safety Score, which then determines your monthly premium.
Here is an example of how your premium might change based on your driving behaviour.
This example has played out in real life, as owners have seen huge savings by switching to Tesla Insurance.
Unfortunately there is still no sign of when Tesla Insurance might expand to Canada. Musk has previously explained the insurance approval process even across the different states as insanely complex, and providing timelines for the product’s expansion is difficult to do.
When viewing the Canadian version of Tesla’s website, it says “Coming Soon”.