November 8: The power of data: Tesla’s dynamic insurance policy

Tesla owners have a new opportunity to lower their car insurance.

Source: Electrek
Published: October 2021

The power of data: Tesla’s dynamic insurance policy

Tesla owners have a new opportunity to lower their car insurance. 

The automaker has officially launched its own insurance using real-time driving behavior, where safe drivers will be offered discounts based on data their car collects. The resulting safety score will aggregate data from:

• Collision warnings

• Hard braking 

• Aggressive turning

• Following distance

• Forced autopilot disengagement

Tesla claims that this safety score will be the primary factor in assessing cost, and that traditional policy determinants like age, gender, and accident history will not be evaluated.