Tesla Insurance has expanded into another state and is now available in Minnesota. The insurance product is only available to Tesla owners, who can insure both their Tesla and non-Tesla vehicles under the same policy.
Tesla Insurance is unlike many insurance offerings in that it takes advantage of the connected nature of Tesla cars to monitor real-time driving behaviours, which in turn to determine your monthly premium.
The five metrics used in the calculation are Forward Collision Warnings per 1,000 Miles, Hard Braking, Aggressive Turning, Unsafe Following, and Forced Autopilot Disengagements.
All of those are then used to determine your Safety Score, which is viewable through the Tesla mobile app for near real-time feedback.
With the addition of Minnesota, Tesla Insurance using the Safety Score is now available in 11 states. Tesla Insurance is also available in California, but due to local regulations they are not allowed to monitor real-time driving behaviour to set their premiums.
While they’re not allowed to use it to determine your monthly insurance premium, it is still offered to Tesla Insurance customers in the state “for educational purposes.”
Here is the full list of states where Tesla Insurance is available.
Owners in two of these states, Oregon and Maryland, will soon be paying more for their insurance after the company filed with regulators to increase their rates by 24.5% and 30% respectively. Tesla blamed inflationary pressures and competitive rates from other providers.