Tesla is increasing its real-time knowledge auto insurance product to Illinois – Electrek
Tesla has now expanded the availability of its real-time data auto insurance product for car owners in Illinois.
It is now the third state to get Tesla insurance and the second with the newer product, which is based on real-time data from drivers.
Tesla had already launched its own insurance product in California, but did not use real-time driving data and its "safety score," which was its original goal.
Before expanding its insurance product to other markets, the company wanted to build its safety assessment system, which uses real-time driving data collected from Tesla vehicles to predict aggressive cornering based on things like the number of “forward collision warnings” you receive, how hard you brake , unsafe following distances and when you receive forced autopilot deactivations.
In October, Tesla finally launched its new insurance product based on the Texas Safety Score.
The automaker says it expects those rated "average" by safety score should save 20 to 40% on their premium compared to competitors, and those with the safest scores could save between 30 and 60%.
In a review of some quotes comparing existing Tesla driver premiums, whether it was cheaper or not was a godsend, but it seems to make a bigger difference for those who already had high premiums based on age and gender . which Tesla, unlike other insurance companies, does not use in its own premium calculations.
In addition, Tesla assumes a security value of 90 for the first offer and the start of a policy. The monthly premium price can drop quickly as you improve this value.
Tesla has published an example that shows how the reward can change from month to month depending on your score:
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Tesla Insurance expands to Illinois
In an update to its website last night, Tesla confirmed that it had expanded the availability of its insurance products to Illinois:
"Tesla Insurance is a competitively priced insurance product that provides Tesla owners in California, Illinois, and Texas with comprehensive coverage and claims management that will be rolled out to other US states in the future."
The automaker confirmed that Illinois drivers will be able to access the insurance product based on real-time data such as Texas:
“Get competitive pricing in California, Illinois, and Texas in just a minute. Real-time driving behavior insurance now available in Illinois and Texas. "
The regulatory landscape for insurance is complex and varies from state to state.
As a result, Tesla has a lot of work to do to get to market in each new condition, which is slowing down the launch of the new product.
In October, CEO Elon Musk said Tesla aims to be "in most states" by the end of 2022.
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