Tesla Real-Time Insurance
Tesla Real-Time Insurance uses data about how safely and how much you drive to calculate your monthly premium using Safety Score, FSD (Supervised) usage and the other relevant information you provide. Your premium is determined by actual driving behaviors, not factors outside of the control of drivers that other insurance providers may use.
Note: Tesla Real-Time Insurance is not available in California. Tesla Insurance offers an insurance product in California that does not use Safety Score to determine your monthly premium. Tesla Insurance policyholders in California may opt in to receive a Safety Score for educational purposes only.
Your Tesla Insurance premium is based on the Tesla vehicle you drive, your garaging address, the amount you drive, your coverage selections, your Tesla vehicle’s monthly Safety Score and FSD (Supervised) usage. As your Safety Score increases and/or your FSD (Supervised) usage 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, FSD (Supervised) usage 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.
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 to quantify how safely you drive. We combine your daily Safety Scores (up to 30 days) into a mileage-weighted average to calculate the aggregated monthly Safety Score, which can impact your premium. The higher your Safety Score, the lower your premium will be.
Note: Feature availability depends on vehicle configuration, hardware, software version, region, model, vehicle trim and model year.
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 likely you are to be involved in an accident. Driving fewer miles lowers your premium. Increased FSD (Supervised) usage will reduce your premium as well.
What Vehicle You Drive
Your vehicle make, model, trim and model year determine the repair cost or total value of the vehicle if it gets damaged. Generally, more expensive vehicles have a higher premium.
Where You Live
Where you live and garage your vehicle is correlated with safety and incident statistics in the area. Generally, garaging in safer neighborhoods lowers your premium.
What Coverages 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 and limits. Selecting fewer optional coverages and/or lower coverage limits 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.
How Much You Drive With FSD (Supervised) Engaged
The more you drive with FSD (Supervised) engaged, the lower your insurance premium could be. Learn more about how FSD (Supervised) usage can reduce your monthly premium.
Note: Currently, FSD (Supervised) usage to lower your insurance premium is only available in select states.
When will my Real-Time Insurance premium change?
Your premium may change immediately, monthly or at renewal in the following circumstances:
- Immediate Change
This includes updates to any of your policy or personal details including coverages selected, coverage limits, deductibles, your garaging address or adding or removing a vehicle or driver. - Monthly Change
This includes changes to your mileage, changes to your FSD (Supervised) usage and changes to your Safety Score.
Note: FSD (Supervised) usage only impacts your premium in select states and Safety Score changes may be capped in some states. - Renewal Change
This includes changes to rates, mileage, FSD (Supervised) usage or Safety Score. Tesla Insurance will notify you in advance of your new monthly premium.
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.
How does FSD (Supervised) usage impact my premium?
FSD (Supervised) usage is calculated as the percentage of miles driven on FSD (Supervised) divided by total miles driven in a given period.
When your Safety Score is updated every month, you will also get a Safety Score with FSD (Supervised), which is calculated as follows:
Safety Score with FSD (Supervised) = % of Miles with FSD (Supervised) engaged x 100 + % of Miles with FSD (Supervised) disengaged x Safety Score
The Safety Score with FSD (Supervised) will be used to determine your premium for the next month. The more you drive with FSD (Supervised) engaged, the higher your Safety Score with FSD (Supervised) will be, unless you have a Safety Score of 100, in which case your Safety Score with FSD (Supervised) will stay at 100. The higher your Safety Score with FSD (Supervised) is, the lower your premium will be.
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 collects the information from your Tesla vehicle necessary to compute your Safety Score, including measures of driving behavior and miles driven. Tesla Insurance also collects information from your vehicle to help settle claims and uses claims data to fight fraud and improve the safety of Tesla vehicles. Learn more about Tesla Insurance’s data practices by reviewing our Privacy Policy.