Tesla has built-in real-time monitoring & highly safe drivers (Texas only) may experience lower than normal insurance costs (20-40%) in this new business & tech initiative.

Tesla Launches Car Insurance With Premiums Based on Real-Time Driver Behavior | PCMag

If you’re a really careful driver, own a Tesla, and live in Texas, your behavior behind the wheel could be rewarded with lower insurance premiums.  As Electrek reports, Tesla has just launched its car insurance service in Texas, but unlike the insurance it offers in California, Texans can take advantage of real-time driver behavior monitoring. It should mean the more carefully you drive, the lower your premium will end up being each month.

This new from of insurance is available to all Model S, Model 3, Model X, and Model Y owners in Texas and does not require an additional device be installed in your vehicle. As the company explains, “Tesla uses specific features within the vehicle to evaluate your premium based on your actual driving. You will make monthly payments based on your driving behavior instead of traditional factors like credit, age, gender, claim history and driving records used by other insurance providers.”