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Tesla Insurance, the automaker’s insurance division, is growing. I just launched an insurance policy in Nevada based on real-time driver data. In total, eight US states are affected.
Tesla has updated its website to indicate that its insurance policy based on real-time analysis of driver data is now active in Nevada. In general, it is available in eight US states – Arizona, Colorado, Illinois, Nevada, Ohio, Oregon, Texas and Virginia.
Tesla originally launched its own insurance offering in California, but the automaker does not use real-time driving data in that state, and Tesla’s security points are available for informational purposes only. However, the manufacturer wanted to develop a display linked to the driving habits of its drivers, and not just based on the gender or age of the driver.
Tesla has sought to develop its own safety score system, which uses real-time driving data collected by Tesla cars, to determine if a driver is a “good driver”. This score takes into account such elements as the number of forward collision warnings displayed on the dashboard, the amount of severe braking, cornering speed, the vehicle’s tracking distance or forced clutch release. Since October 2021, the security degree has been an element that allows you to adjust your monthly insurance premium in Texas. Other states have since followed suit, with Tesla filing lawsuits in Florida, New Jersey and Maryland.
The automaker says it expects drivers considered “average” based on their safety score to save 20-40% on their premiums over the competition, and those with the highest scores to save between 30 and 60%. The price differences seem significant, according to the manufacturer, a driver with a safety score of 98 to 88 would see his monthly insurance premium rise to $130, while a safety score of 93 to 98, for example, would have paid only $83 .
Ultimately, Tesla plans to offer such contracts across the United States. In France, this type of contract called “connected car insurance” exists through a connected box that is placed on your car via insurance companies such as Allianz or Direct Assurance. However, this practice has not yet spread. It should also be noted that, according to Index Assurance, “This registration of sensitive and nominal data of drivers is accepted by CNIL under certain conditions(See CNIL Deliberations 2010-096 of April 8, 2010.) But keeping them always presents a risk that they will be used for purposes not foreseen when the contract was signed.