Tesla Insurance: A look at its cost and which states it's available in

By Gabe Rodriguez Morrison
Tesla is rapidly expanding their insurance offering
Tesla is rapidly expanding their insurance offering
Not a Tesla App

Tesla Insurance is a competitively priced insurance product that offers Tesla owners a new option.

Tesla has a unique understanding of its vehicles, technology, safety features and repair costs, which help eliminate some fees associated with traditional insurance carriers. Tesla Insurance provides a convenient monthly payment and the ability to manage claims and coverage directly through the Tesla app.

It also puts you in control, since your insurance premium is in part based on your driving habits.

Where is Tesla Insurance Available?

The service is currently only available in select U.S. states, but it continues to expand to additional states. Tesla CEO, Elon Musk says it will also expand to Canada in the future.

Tesla Insurance is currently available to Tesla owners in the following states:

  • Arizona
  • California
  • Colorado
  • Illinois
  • Minnesota
  • Maryland
  • Nevada
  • Ohio
  • Oregon
  • Texas
  • Utah
  • Virginia

Who Can Purchase Tesla Insurance?

New and current Tesla owners can purchase an insurance policy in the Tesla app by tapping the profile icon located in the top-right corner and selecting ‘Get Tesla Insurance.’

If you've recently placed an order for a Tesla, you will need to wait until a VIN is assigned before ordering Tesla Insurance.

Tesla is rapidly expanding their insurance offering
Tesla is rapidly expanding their insurance offering
Not a Tesla App

Additional Vehicles

Tesla Insurance will not only cover Tesla vehicles but also any other vehicles you may own.

You can add additional vehicles when submitting the policy.

However, Tesla Insurance is currently limited to vehicles and Tesla does not offer home insurance or other types of insurance policies.

What You Get with Tesla Insurance

With Tesla Insurance you can view documents, billing, payment details and make claims all from the Tesla app.

Like other insurance companies, there are a variety of plans with varying levels of coverage depending on your needs.

How Does Tesla Insurance Work?

Tesla collects data from the vehicle that helps assess how the vehicle is being driven.

Unlike other insurance products, Tesla does not require an additional device to be installed in the vehicle. Instead, Tesla uses features already included to determine how often the vehicle is driven, and how often the driver follows too closely or stops harshly.

This data is then used to help determine the driver's insurance premium.

The insurance premium also factors in the vehicle model, the insuree's location, and the distance the vehicle is driven.

Tesla Insurance users make monthly payments based on their driving behavior rather than factors typically used by other insurance providers, such as credit, age, gender, claim history and driving records.

Tesla Insurance Cost

Every insurer has different factors to determine their costs and their customers' likelihood of getting into an accident. While Tesla Insurance could save you money, it could also cost more than alternatives available in your state.

According to Tesla, "An average driver could save between 20% to 40% and the safest drivers could save between 30% to 60%."

Your Safety Score can have a large impact on your insurance premium
Your Safety Score can have a large impact on your insurance premium
@GailAlfarATX/Twitter

We've seen scenarios where Tesla Insurance saves someone hundreds of dollars a month, but we've also seen it cost significantly more than its competitors.

There are many factors that determine your insurance premium. If you're new to Tesla or haven't shopped around in a few years, we recommend getting a free quote from Tesla to see whether Tesla Insurance would save you money.

You can also read more about how Tesla determines your Safety Score which is used to set your insurance premium.

Tesla Vehicles Spotted With LiDAR: What Do They Use It For?

By Karan Singh
Not a Tesla App

Tesla recently hit the news for purchasing approximately $2M in LiDAR sensors from Luminar, one of Tesla’s long-term suppliers. You’ve probably seen photos of Tesla’s Semi and various Tesla models, including the Model 3 and Model Y sporting LIDAR equipment on the roof. These cars drive around with manufacturer plates scanning streets and highways.

However, many people confuse Tesla’s purpose in purchasing LiDAR equipment with using it for FSD versus testing. So, let’s look at what LiDAR is, and why Tesla uses it on its Fleet Validation Vehicles.

What is LiDAR?

LiDAR stands for Light Detecting and Ranging – essentially using lasers to measure distances. A laser pulse is sent out, and the time it takes to return is measured – providing extremely accurate distance measurements.

Some companies working on self-driving vehicles, including Waymo and BYD, use LiDAR as part of their self-driving suites, but Tesla is one of the few stand-outs that does not. Even Rimac’s “Verne” Robotaxi – which uses self-driving technology from Mobileye, also uses LiDAR.

While LiDAR can produce extremely accurate and high-quality 3D environments, it comes with its downsides as well. Not only is LiDAR costly and requires large gear strapped to a vehicle, but it also can not be used in bad weather and can have interference issues if there are other strong light sources present.

Why Does Tesla Use LiDAR?

A LiDAR rig mounted on a Tesla Semi for testing FSD.
A LiDAR rig mounted on a Tesla Semi for testing FSD.
Not a Tesla App

At Autonomy Day in 2019, Elon Musk mentioned that LiDAR isn’t the solution for self-driving cars – it's just a crutch. Thus, Tesla hasn’t used LiDAR for any production self-driving software.

Instead, Tesla uses it exactly how it's described – they use it to gather ground-truth data. This data is then used to feed Tesla’s Full Self Driving system – which helps validate its vision-only system's accuracy. LiDAR provides very accurate measurements to help ensure that FSD’s perception of space is accurate – and is only used by Tesla to ensure that its AI technology which is the brains of FSD is capable of accurately interpreting depth from just visual data.

Tesla’s vision-only system has been seen to be extremely accurate, with Vision-only Autopark being able to park in even narrower and tighter spaces faster than the previous version that relied on ultrasonic sensors.

We’ll likely continue to see Tesla purchase LiDAR systems, as well as use them for validation well into the future.

Tesla's Upcoming Robotaxi Event in August Delayed, According to Bloomberg

By Karan Singh
Sugar Design

In a report from Bloomberg, it is claimed that Tesla will be delaying its much-anticipated 8/8 Robotaxi event by two months to October 2024.

While sources other than Bloomberg haven't confirmed this report, Bloomberg has a positive track record of reporting on financial decisions. We’ll be sure to update the article if there is confirmation on X from Elon Musk or another Tesla senior official.

Tesla’s stock has dropped nearly 8.5% over the day, ending back-to-back gains over the last two weeks. It closed yesterday at $ 241 after hitting a peak of $270 earlier in the day before the news broke.

Why the Delay?

The delay – of approximately two months – has been communicated internally, but not publicly announced just yet. Bloomberg goes on to mention that the design team was told to rework certain elements of the Cybercab, necessitating the delay.

If Bloomberg’s report is correct, it sounds like Tesla’s unveil event will be largely focused on showing off the vehicle, instead of demoing how it will work. Of course, it could still be both, but given past events, Tesla has always shown off the vehicle years before it hits production.

Rimac recently showed off their version of robotaxi vehicle named Verne, and surprisingly, it could almost pass for Tesla’s own robotaxi. A lot of design cues in Rimac’s version are elements we have already seen or expect to see in Tesla’s autonomous taxi.

A recent Tesla patent revealed that Tesla is incorporating a sanitation system into their robotaxi that will be responsible for analyzing and cleaning the vehicle’s interior, although the delay itself is likely tied more to a physical feature rather than software.

Another element we know almost nothing about is how Tesla plans to charge these robotic taxis. Will they rely on the existing charge port and adapt a solution like the robotic charging arm (video below) we saw almost eight years ago, or will wireless charging or a dock finally become realized?

While the delay for Tesla’s event appears to be related to the vehicle’s design itself and not further development of FSD, Tesla is wasting no time in getting FSD working for the upcoming vehicle. Model 3 vehicles have already been spotted with camera locations that resemble a robotaxi.

Is the Delay Accurate?

We expect that this delay might actually be true – Elon Musk usually takes to X within hours of such news breaking if it's false to refute it and hasn’t done so yet.

Tesla has delayed several of their events in the past, and a delay of a couple of months seems plausible. We should hear from Musk himself soon on whether this report is accurate.

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