Since Tesla launched its insurance service in California almost two years ago, the automaker has expanded the program across multiple US states. Recently, the automaker expanded the insurance plan to its 12th US state, and it said it eventually plans to expand to all states, as per InsideEVs.
Tesla’s insurance plans expanded into Minnesota, according to the company website. The news follows after Utah and Maryland were added to the list of eligible states for the insurance program in July, with most states providing rates based on real-time driving behavior.
Tesla Insurance Program
The company’s insurance program collects data as a person drives to identify their rates, which the manufacturer says could help save money for safe drivers. The program sets safety scores based on specific driving behavior rated out of 100, providing lower monthly premiums to those with higher scores.
As listed on Tesla’s website, you can enroll in an insurance plan in the following states:
- Arizona
- California*
- Colorado
- Illinois
- Maryland
- Minnesota
- Nevada
- Ohio
- Oregon
- Texas
- Utah
- Virginia
In California*, state privacy laws ban the use of telematics-based on real-time driving behavior, so Tesla insurance does not include rates based on these factors in the state. Even though the company still provides a safety score feature in the state, Tesla says California drivers have the feature for “educational purposes only,” causing users to see the rating as in “beta.”
Notably, you also do not have to be a Tesla owner to enroll in the automaker’s insurance plans, nor do you have to install a device in the car when enrolling, which is unlike real-time driving plans from other companies.
Tesla to expand insurance business in the coming years
In addition, Tesla plans to expand its insurance business in the upcoming years as it becomes available in more states. Tesla CEO Elon Musk anticipates that its insurance policies could account for as much as 30 or 40% of the company’s business down the road.
In Maryland and Oregon, Tesla’s planning to respectively raise insurance rates by 30 and 24.5%, according to Teslarati.
