Best Rate On Tesla Auto Insurance? Prepare For Vehicle Monitoring


You may be able to save a ton of money with this Tesla insurance program, but there’s a catch.

We reported a while back that AAA had raised their rates for Tesla Model S owners. Recently, Tesla has stated that they are working with specific auto insurance companies to offer better rates to Tesla owners. The program is called “InsureMy Tesla” and it is offered through Liberty Mutual Insurance Company.

Being a Model S owner myself, I decided to look into it because my rates through Allstate were quite high. I have been paying $150/month for my 2012 Model S (not a “P” version) and that’s with no tickets, no accidents, in Arizona, 68 years of age and $1,000 collision deductible.

Sound high?

I’d say, so I decided to check into this “InsureMy Tesla” program offered through Liberty Mutual. What I found was a significantly lower rate of $75/month with the contingency that I let them monitor my vehicle for 90 days. It’s called “right track” and involves downloading an app to your smartphone and installing a small tag on your windshield that monitors specific behaviors including braking, acceleration, nighttime driving, and miles driven.

Just a guess, but it sounds like they have figured out how to embed a small accelerometer into the tag that goes on your windshield.

The program runs for 90 days. If I had refused to participate my rates would have increased by around 15 percent. You can get a quote on the internet if you are interested. Just go to Liberty Mutual website for an internet quote or check out InsureMy Tesla.

I signed up. I’ll keep you posted as to the results.

Would you be willing to have your vehicle monitored in order to get a significantly lower rate? Let us know in the comment section.

Also, start a new thread about this article in our Forum and make your point heard.

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28 Comments on "Best Rate On Tesla Auto Insurance? Prepare For Vehicle Monitoring"

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No, I’d rather pay 15% more.

I bet that app. is full of security problems, and written by second-rate software developers. There’s no way I’d install something for auto insurance onto my phone. It’s like the Target Cartwheel app: it does a lot more than give you great discounts every day; it monitors your activities in the store.


The 15% will fade fast when they find out you don’t drive during the safest time of the day, if you occasionally brake hard, if you drive more miles than they think you should and on and on. My wife had the Allstate drivewise intalled on her car and it saved us nothing, and she’s a gret driver.

Driving my Tesla 3 for the last two weeks makes me want to laugh at the nanny/big brother aspect of this. No way I’m giving up my fun.

My trick to getting affordable auto insurance is to use the local farm bureau – they’re the equivalent of credit unions for insurance. My 3 with very good coverage ended up at $465 for 6 months.

What are your coverage limits and deductibles?

Bodily Injury $250k each person/$500k each accident, Property Damage $100k.
Deductibles: Comprehensive $0, Collision $1000 (I know odd combination, but the numbers worked the best). Un/Underinsured coverage with the same numbers.
Full replacement cost vs depreciated amount.
Also includes towing, 30 days rental car. Final bill was actually less at $417.39.

Tesla already knows everything its cars have been through. I can’t imagine their own insurance program won’t use this data. The last thing I wonder, is if they were moralistically stumped on whether to be like Geico (their gadget). More like, “We’re silicon valley. Monetizing consumer data is what we do.”

FBOW, there’s a growing difference between old cars, and new ones.

Does the Tesla car purchase agreement specifically allow them to retain personally identifying data on owners’ driving behavior? If not and they retain such data, they’re violating many privacy laws (in my non-US jurisdiction, that would even be a criminal offense).

Unless it is a car owned by Tesla as part of their test fleet (like the one lent to Broder from NYT) the vast majority of the data uploaded is anonymized. Basically that includes all the data except for the 20 seconds before an air bag deployment or major accident. And that data is required to be stored by NHTSA regulations on Data Event Recorders. A long list of EDR datapoints are mandated by law to be stored.

Sounds like the insurance companies having been watching all the Tesla drag race videos posted.

Yes, all that “Ludicrus” stuff doesn’t help. What’s the first thing a new Tesla owner does? Drive like a madman to show off the raw acceleration to all their friends. And too many then post it on YouTube.

In Norway BEV/PHEVs are in 20% more accidents, then the average (diesel) car.
The cost to repair, or the results after a crash is 50% more expensive then an average diesel car.
The insurance companies says they think it has to do with more power / speed – then the average car.

– Been in a “wrong” area -> higher risks -> more expensive
– Braked hard to avoid a accident -> dangerous driving -> more expensive
– etc.
-> By that insurances will always find a reason to increase prices without any chance for the customers to know why…


Don’t forget Credit Scores. Some states ban the practice, but in most states your rates are impacted by credit scores too. That one bugs me, even though I benefit from it.

It’s a one time 90 day eval? I’d do it. I don’t drive much anyway.

Thanks for sharing.
Mine is bundled into Ameriprise for everything through Costco. Good rates but they’ve been going up lately despite the fact that I have a zero claim history.

Any idea what the Model 3 insurance rates will be like? Any TM3 owners are to share?

I don’t mind vehicle monitoring. So what if some company knows how I drive my car if that nets me a lower rate as long as the captured data is not used against me in any way.

Tried to deal with Ameriprise recently but they seemed so incompetent that I dropped them. Only signed up with them because they were associated with Costco. What a mistake. I need to share my experience with Costco so they are aware. Too long a nightmare to share details with you here. If anyone would like to recommend a good insurance company I would love to hear. Thanks

To insure my TM3 it costs about 160% of the cost to insure my Ford Focus Electric. Not sure if that’s very helpful. My insurance policy renews soon so I didn’t shop around yet.

Allstate has a similar option for reducing your rates using onboard monitoring. I believe through a OBDII device.

Progressiv has this for years now…

I already get real low rates on our 2012 S 85 with Farmers Insurance,about $120 a month with $1K deductible like yours. . They liked our new model 3 and it is even lower . We have been with them over 10 years with no accidents or claims so that helps.

I think there should be an hourly auto-pilot limit. Whereas drivers who continually use autopilot will no longer have the danger sense, and be less responsive when an emergency situation arises. The senses are dulled and an automatic pull of wheel becomes so also.
So having a limit will piss people off but probably be a safer alternative to continuous with an occasional interruptions scenario. Another alternative would be to increase the frequency of interruptions or vary it more, adding more stringent chimes, or even verbal scolds, as an indicator of displeasure. Something to vary the program, though I think being in the penalty box is best, you only get 45 minutes of auto pilot an hour.

What this would tend to is people taking control for a few minutes every 10 or so to drive so they could beat the system, and bank some drive time, which is what we want anyway.
Tesla Rocks!.

I can see where auto pilot would be a great help and probably works well enough that it’s not a liability. Take I80 across Nebraska. 456 miles on interstate with only two cities where there could be issues. If I had it and it timed out, I would be upset. Very different than driving in the la basin.

What will it cost after the 90 days of monitoring if they find out that you actually drive like a normal person and not a priest?

I suspect that’s when the premium goes up because you actually drive like a normal person and not a priest.

One of the reasons its tends to be higher is because if rental coverage is added then they have to pay that daily…It’s not uncommon to hear a Tesla has been in the shop for “months”…

I’m perfectly willing to give up on freeway on-ramp accelerations for 3 months. It’ll be hard but I can do it.