Tesla Insurance will be expanding in a big way next year. The automaker reportedly has plans to offer the insurance product to Tesla owners in a total of eight states by the end of March 2022.
Tesla Insurance had been limited to the state of California from its launch in 2019 until just a few months ago when it expanded to Texas in October.
The insurance product has also since expanded to another state, Illinois, just a few weeks ago.
According to Tesla enthusiast Sawyer Merritt, who has provided reliable information in the past, Tesla Insurance will reportedly also be offered in Arizona and Ohio in January 2022.
Merritt revealed the news on an episode of the Dave Lee on Investing podcast published yesterday.
Along with Arizona and Ohio, Merritt says a total of eight states will have Tesla Insurance by March 31, 2022, although his sources haven’t revealed which ones those will be just yet.
One likely candidate is New York, which Musk said in September is on the list to receive it next year.
When Tesla announces the expansions, the insurance product offered will likely be the one that monitors real-time driving behaviour to determine monthly premiums.
You can watch the full interview below, which starts at the discussion about Tesla Insurance.