Tesla updates insurance page with state-specific discounts

Tesla has updated its insurance page to include details on available discounts by state.

Tesla Insurance is currently offered in 12 states.

The standout discounts across these states include:

• Multi-Car Discount: Available in all states, this discount is automatically applied when more than one vehicle is insured under the same policy with Tesla Insurance.
• Defensive Driving Course Discount: Offered in several states (e.g., Colorado, Illinois, Minnesota, Nevada, Oregon, Utah, Virginia), typically for drivers over 55 who have completed an approved accident prevention course.
• Group Discount: Available to Tesla employees across multiple states, this discount requires contacting Tesla Insurance to apply.
• Anti-Theft Device Discount: Available in Illinois and Minnesota, this discount applies to vehicles equipped with approved anti-theft devices.
• Autopilot Discount: Available in Nevada, this discount is automatically applied to Tesla vehicles with qualifying autonomous features. Those with non-Tesla cars can contact Tesla to see if their other vehicle qualifies for this discount.

These discounts emphasize the benefits of safety courses, multi-car policies, and specific vehicle features in reducing insurance costs.

Tesla’s insurance premiums surged by 116% in 2023 compared to 2022. The top three states by premium volume, where Tesla writes on State National paper, are California, Ohio, and Arizona, with $387.2 million in premiums in 2023, up from $217.6 million in 2022. On its own paper, the top three states are Texas, Virginia, and Maryland.

Separately, Mercury Insurance has compiled a list of the most affordable new EVs to insure. The 2024 Nissan Leaf tops the list, followed by the Ford F-150 Lightning, Kia Niro, and Hyundai IONIQ. Factors like repair costs, claims history, and safety records influenced the rankings. Mercury’s research and development team focused on 2024 model-year EVs currently available at dealerships.