Maryland and Florida could be next in line for Tesla Insurance according to a few reports. According to filings,
has reported that the services are being expanded to Maryland and added that the Maryland Insurance Administration told them that the Balboa Insurance Company had changed its name to Tesla Insurance earlier this year. This was an early hint at the arrival of Tesla Insurance in the state.
The article also included a few documents from the Maryland Insurance Administration that shows Tesla filed for Tesla Property & Casualty, Inc., which was previously Meritplan Insurance Company. Documents for both of the companies show that Tesla’s main address is in Fremont, CA, and the website is also Tesla’s.
Tesla Insurance in Maryland will deal with all types of insurance: health, marine, wet marine, casualty, transportation, property, surety, and vehicle liability.has reported that filings show the service is expanding to Florida as well as Maryland. Citing a report by, which specializes in insurance products and data, the article noted that Tesla filed with regulators to expand the service in both states.
In Maryland, the proposed effective date for Tesla Insurance is tomorrow, June 16. In Florida, owners will have to wait until October 20, 2022, before they can switch over. According to the filings, Tesla plans to provide insurance under Meritplan Insurance Company.its insurance to Virginia, Colorado, and Oregon earlier this year. With Maryland soon to get it, the total number of states with Tesla Insurance will be nine. State by state, Tesla is taking on the insurance industry.