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Tesla Model S Insurance Rates

Shopping for auto insurance online can be fast and easy and at the same time you may find lower rates. The most important part is getting rates from all providers so you can get the best prices.

If shopping for auto insurance online is new to you, it's easy to be confused by the hoards of online companies selling insurance. Finding a better price on auto insurance is not rocket science. Consumers just need to spend a few minutes to compare quotes provided by online insurance companies. This is very easy and can be done by completing this short form.

Which factors influence car insurance premiums?

Insurance premiums paid to insure a Tesla Model S can be significantly different depending on several factors. Taken into consideration are:

  • A clean driving record keeps rates low
  • Better credit means lower rates
  • Male rates may be higher
  • Low deductibles cost more
  • Your vehicle's safety rating
  • Whether or not you have claims
  • Having current coverage saves
  • Whether you rent or own your home

One important consideration that will help determine your rates is the age of the vehicle. New vehicles have a higher replacement value compared to older Tesla models so the cost to replace them may end up costing you more. On the flip side, newer vehicles have more advanced features like dual-stage airbags, tire pressure monitors, and blind-spot warning system that may help give discounted rates.

For you to have a better understanding of how rates are influenced for your specific model year, select the year of your vehicle from available model years below.

Liability coverage - This coverage can cover damages or injuries you inflict on a person or their property by causing an accident. Liability coverage protects against things such as emergency aid, pain and suffering, and medical services. Coverage is generally pretty cheap so buy as large an amount as possible.

Collision coverages - Collision coverage covers damage to your Tesla from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in. This coverage can be expensive, so you might think about dropping it from lower value vehicles. It's also possible to increase the deductible to get cheaper Model S insurance rates.

Comprehensive coverage - This pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle's value is low it's probably time to drop comprehensive insurance.

Uninsured and underinsured coverage - This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Medical payments coverage and PIP - Coverage for medical payments and/or PIP pay for expenses like doctor visits, EMT expenses, and X-ray expenses. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage.

How Much are Tesla Model S Insurance Rates?