Tesla is going to take into account the use of autopilot and other driving habits when calculating the cost of insurance in its insurance program, the source said. This is evidenced by the reverse engineering of the Tesla mobile application, in which the user will be able to see his “safety rating” in real time.
Tesla launched its own insurance program in 2019. It previously offered the InsureMyTesla program in partnership with third-party insurers.
The new program is being implemented through State National Insurance, but according to the source, the automaker is so actively involved in the process that, in fact, it acts as an insurer.
Tesla claims it can provide better insurance services to its customers with a wealth of data on vehicles and how they are used. For now, the service is only available in California.
When calculating the safety rating, the duration of trips, the frequency of using the autopilot, ABS activation, forward collision warning, interception of control from the autopilot, as well as the time spent at an unsafe distance to the vehicle in front, the intensity of acceleration and braking, and many other indicators will be taken into account. According to them, the final grade “passed” or “failed” will be formed. It is not yet clear whether this estimate, along with statistics, will be visible to the end user, but it will significantly affect the size of the insurance premium (the deviation can reach 50% of the monthly premium). So far, the integration of the described functions into the mobile application is at an early stage.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
