Real Time Insurance uses Safety Score Beta to quantify how safely you drive. We limited the information about you and your vehicle, which impacts your premium to the following six categories: Tesla aims to simplify the calculation of your premium. Learn more about Tesla’s insurance data practices by reviewing our Privacy Policy. Unless you direct Tesla to do so when it’s necessary to perform services on your behalf - your data stays with you. Tesla does not sell or rent your vehicle data to anyone for any purpose. Tesla collects the information from your vehicle necessary to compute your Safety Score, which includes measures of your driving behavior and miles driven. Tesla will always notify you in advance of your new monthly premium.īuilt with privacy in mind, Tesla does not monitor your location or keep a history of where you’ve been. The higher your score is, the lower your premium can be. Your premium can adjust monthly based on your Safety Score. We assume a Safety Score of 90 when you first sign up. Your Tesla Insurance premium is determined based on what vehicle you drive, your provided address, how much you drive, what coverage you select and the vehicle’s monthly Safety Score. Tesla uses specific features within the vehicles to evaluate the premium for your vehicle. Unlike any other telematics or usage-based insurance products, Tesla Insurance does not require an additional device to be in your vehicle.
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