Tesla is introducing its in-house insurance program to drivers in Minnesota, the 12th state to qualify for the automaker’s coverage. Tesla also applied to raise rates in Oregon and Maryland by up to 30%.
Tesla added Minnesota to its list of qualifying states Nov. 17, joining Arizona, California, Colorado, Illinois, Maryland, Nevada, Ohio, Oregon, Texas, Utah and Virginia.
Before Minnesota, Utah and Maryland were the most recent additions to the program, in July.
Minnesota’s insurance laws allow Tesla to operate with real-time driving behaviors, which can improve rates for safe drivers. All of the states Tesla operates insurance in supports telematics, except for California, as it goes against privacy laws.
Tesla plans to expand to other markets in the future. New York was expected to receive Tesla insurance this year. Teslarati confirmed with the New York State Department of Financial Services that Tesla has not yet received approval to offer it to drivers in the state.
Separately, Tesla plans to raise rates in Oregon and Maryland by 24.5% and 30%, respectively. Reports from Coverager indicate Tesla has already filed to increase rates, stating that “competitor rate activity” and persistent inflationary pressure encouraged the decision.
Oregon’s rate hikes will affect 937 current customers, while 1,058 Maryland drivers will see an impact from the rate increases.
