Gary Zhou 
Tesla Insurance is moving closer to covering drivers in the State of Georgia, according to filings seen by Teslarati.
On July 22, Tesla started submitting paperwork to the Georgia Department of Insurance, attempting to cover drivers under its “Tesla Property & Casualty, Inc.,” subsidiary.
Documents seen by Teslarati show the automaker is planning to launch the program in Georgia on November 15 and will use an Insurtech platform to determine a driver’s rates based on their behaviors and performance while operating the vehicle. This utilizes Tesla’s Safety Score program, which uses real-time data to determine a driver’s safety level during vehicle operation:
“The proposed program will incorporate our Safety program, which uses telematics data to provide safety discounts. Details about the Safety program are included in the safety program rules and telematics model documentation. Through technology-driven insights, savings resulting from the safety features on the vehicle and how the vehicle is being driven are passed onto the customer.”
Tesla said in the filing that, since the automaker has no private passenger automobile (PPA) data in Georgia for its telematics-based insurance program, it will use industry data from approved insurers within the State to base the program off of. “The proposed rating algorithm is a multiplicative algorithm, further detailed in the attached proposed rate tables. We are keeping our rating algorithm and product design consistent with our product in other states,” the company said in its PPA Memo to the state.
The filing certification for the State of Georgia was signed and submitted to the Insurance Department by Tesla Associate General Counsel Charles Lee on July 22.
Tesla has been expanding its Insurance program throughout the United States since first launching it in August 2019.
Tesla’s PPA document is available below, which explains the process for its in-house insurance program.
