Tesla General Insurance is updating its private passenger auto program in Virginia, combining model changes with a 6% rate decrease.

The filing was submitted March 31, 2026, on a file and use basis, with effective dates of April 14, 2026 for new business and June 13, 2026 for renewals.

The update centers on revisions to the Safety Score model and Safety Factor, alongside changes to mileage factors, vehicle symbols, and base rates. The overall impact is a $723,000 premium reduction across 9,288 policyholders.

The program represents about $11.9 million in written premium, with wide dispersion at the policy level. Individual changes range from decreases of ~30% to increases approaching 80%, reflecting the sensitivity of Tesla’s telematics-driven pricing.

The rating structure remains highly segmented, with pricing built from a base rate and adjusted through factors such as territory, vehicle characteristics, model year, safety score, mileage, and standard discounts.

Safety Score and mileage remain core inputs, reinforcing Tesla’s reliance on driving behavior.

Bottom Line: Tesla is recalibrating its pricing model while lowering overall rates, as premium continues to grow faster than exposure despite a recent dip in policy count.