Age and gender are of no importance. The insurance premium is calculated based on a so-called safety score, where each month, a new total gives rise to a new payment.

The idea is simple: the better the driver, the less they will pay for their insurance, and vice-versa.

Several criteria are taken into account, such as the number of head-on collision warnings recorded every 1,000km, and the number of hard-braking incidents, aggressive cornering, dangerous following distances, and forced Autopilot deactivations.

Drivers who sign up will make monthly payments based on their driving patterns instead of more traditional factors such as age, gender or claims history.

Tesla is offering this policy to all Model S, Model 3, Model X and Model Y owners who want it, initially in Texas. It does not require any additional device to be installed in the vehicle, since Tesla uses functions and data already integrated in its system.

Tesla estimates that the safest drivers could save up to 60% compared with conventional car insurance.