Tesla Real-Time Insurance

Tesla Real-Time Insurance calculates your monthly premium based on your driving data and the information you provide, utilizing the Safety Score Beta. Your premium is influenced by driving behaviors rather than factors beyond a driver’s control, which other insurers might consider.

 Tesla Real-Time Insurance is not available in California. Tesla Insurance offers an alternative insurance product in California which does not use Tesla Real-Time Insurance to determine your monthly premium.

How Tesla Real-Time Insurance Works

Your Tesla Insurance premium is based on the Tesla vehicle you drive, your garaging address, amount you drive, your coverage selection and your Tesla vehicle’s monthly Safety Score. As your Safety Score increases, your insurance premium decreases. The safer you drive, the less you pay.

Unlike any other telematics or usage-based insurance products, you do not need an additional device in your Tesla vehicle to track your driving habits. Tesla Real-Time Insurance uses specific features within Tesla vehicles and Safety Factors to evaluate your driving behavior and premium.

When you first sign up, we assume you have a Safety Score of 90. Your premium can adjust monthly based on your Safety Score and miles driven. Your premium can also adjust upon renewal for reasons including vehicle aging and updates in the base cost of your plan. Tesla Insurance will always notify you in advance of your new monthly premium.

How Each Safety Factor Can Affect Your Premium

Tesla Insurance aims to simplify the calculation of your premium. We limit the information about you and your vehicle that impacts your premium to the following categories.

How Safely You Drive

Real-Time Insurance uses Safety Score ^Beta to quantify how safely you drive. Your premium is based on a mile-weighted average of the daily Safety Scores over the last 30 days. The higher your Safety Score, the lower your premium will be.

Each Tesla vehicle has its own Safety Score. Non-Tesla vehicles do not have a Safety Score.

How Much You Drive

The more miles you drive, the more your chances of being involved in an incident increase. Driving fewer miles lowers your premium.

What Vehicle You Drive

Your vehicle makes, model, trim and model year determine the repair cost or total value of the vehicle if it gets into an incident. Generally, more expensive vehicles have a higher premium.

Where You Live

Where you live and garage your vehicles is correlated with safety and incident statistics in the area. Generally, garaging in safer neighborhoods lowers your premium.

What Coverage You Have

Other than liability coverages including Bodily Injury and Property Damage, which are required by law, you have the option to select additional coverages. Selecting fewer coverages lowers your premium.

How Many Vehicles You Insure

If you insure more than one vehicle with Tesla Insurance, you will get a discount on your policy.

Frequently Asked Questions

When will my Real-Time Insurance premium change?

Your premium may change immediately, monthly or at renewal in the following circumstances:

• Immediate Change
  Updates to any of your policy or personal details including coverage limits, deductibles, your garaging address or adding or removing a vehicle
• Monthly Change
  Changes to your mileage and changes to your Safety Score
  Note: Safety Score changes may be capped in some states.
• Renewal Changes Adjustments to rates, mileage, or Safety Score Beta will be communicated by Tesla Insurance before your new monthly premium is determined.

My Safety Score changed. When will my Real-Time Insurance premium reflect my new Safety Score?

Your Safety Score for each Tesla vehicle gets updated at the end of each month based on your driving in the previous 30 days and will impact your premium in the following month. Tesla Insurance will notify you in advance of your new monthly premium.

What happens if the minimum requirements to get a Safety Score are not met?

Tesla vehicles that cannot report data or stop transmitting data for 60 consecutive days will be treated as an unconnected vehicle.

Tesla Insurance gathers data from your Tesla vehicle essential for calculating your Safety Score, which encompasses driving behavior metrics and distance traveled. Additionally, it accumulates information from your vehicle to aid in claim resolution and employs claims data to combat fraud and enhance Tesla vehicle safety. For further details on Tesla Insurance’s data practices, you can continue reading. reviewing our Privacy Policy.