Tesla insurance sets foot in New Jersey

Tesla has filed an auto insurance programme in New Jersey, as it rolls out its expansion across the US.

A report by Coverager revealed that the proposed effective data for the insurance programme is September 12, 2022. As of December 2021, there were 46,453 fully electric vehicles registered in the state.

Currently, Tesla insurance is live in 8 states with pending programs in Maryland, Florida, and now, New Jersey.

The company recently rolled out its real-time data insurance product in Colorado, Oregon and Virginia, have previously offered its auto insurance in Arizona, California, Illinois, Ohio, and Texas.

Tesla’s safety score system, which utilises driving data collected in real time from Tesla vehicles to determine is the user is a “good driver” based on factors such as hard braking and unsafe following distance.

Tesla’s insurance uses data based on an individual’s driving behaviour to set rates, a safety score between 0 and 100 is then calculated. Customers can see their score on the Tesla app.

The company said its premiums can deliver savings of 20% to 30%. For the average driver who is getting a Tesla safety score, the savings can run between 20% to 40%, and for the safest drivers, Tesla said the savings could be between 30% to 60%.

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