Tesla Insurance Safety Score system now available for CA drivers, but they don't affect premiums yet

A recent update from Tesla indicated that the Safety Score system has now been enabled for Tesla Insurance customers in California. However, Tesla quickly pointed out that the Safety Score system in California is for “educational purposes only” and will not affect insurance premiums — at least for now.

“Safety Score is now available to California Tesla Insurance customers. For educational purposes and will not affect your insurance availability or premiums. You can opt-out at any time,” Tesla noted in its update.

The use of telematics-based insurance rates in California has been a hot topic for Tesla. During the company’s fourth-quarter and fiscal 2021 earnings call in January, CEO Elon Musk said Tesla is “pushing heavily” for California to change its rules to allow informatics. Tesla CFO Zachary Kirkhorn said the use of telematics and informatics through the company’s Safety Score system has been very successful in states such as Texas, where the system has been adopted.

“What we see in the data is the frequency of collisions by people who, given a feedback loop about how they are driving, is much lower than the frequency of collisions otherwise,” Kirkhorn said.

“We get direct feedback on whether driving is safe or not. And if they drive safe, they have lower insurance costs, so they drive safe. It incentivizes Tesla insurance with informatics, and real-time feedback encourages safe driving and rewards it monetarily,” Musk said.

However, California Insurance Commissioner Ricardo Lara strongly opposed Tesla’s intentions on Twitter. Lara strongly-worded that Tesla could push for the use of telematics for insurance customers as much as it wanted, but the state would not “bending” and accommodating the company’s requests.

“Yesterday, Elon Musk reportedly told investors he’s ‘pushing a lot’ to change the rules on telematics for California drivers. Push whatever you want, but we’re talking about consumer data, privacy and will not succumb to protecting fair rates. The Department of Insurance continues to maintain and enforce the consumer protections set forth in Voter-Acted Proposition 103 and since 2009 we have allowed vehicle data to determine actual miles only, And only in a way that protects the privacy of the driver, ”Lara wrote,

Musk’s response to the California insurance commissioner was equally harsh, with the CEO noting that Lara “should be thrown out of office.” Musk also said that the state’s “policies are directly responsible for the outrageously high insurance premiums paid by Californians.”

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Tesla Insurance Safety Score system now available for CA drivers, but they don’t affect premiums yet






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