The Tesla Model S is considered to be an expensive car to insure compared to other branded vehicles. This is because it has higher repair costs and might increase the cost of collision coverage. One thing to remember is that the price of your car policy may depend on the model of your Tesla, your driving record, the trim you choose, and the amount of coverage you select.
Tesla S is a best-selling electric vehicle and is the logical model for the automaker’s sport line. This kind of model insurance cost might vary based on the specific factors such as:
- Driving record
- Your age
- Year of the vehicle
- The limit set to coverage
- Equipment upgrades
- Others variation unique to each other
Tesla Model S insurance rates are pretty high but car insurance rates are always high for high performance cars. The model s is more than just a luxury car. It’s an all-electric car with a lot of high-tech features that make it a lot different from other cars out there. Tesla is also known for offering great deals on their insurance. Especially when it comes to comprehensive coverage. Tesla offers 6 months free comprehensive car insurance for the Model S if you lease or buy the car within 4 days of ordering. This is a benefit not many other car manufacturers offer.
How does the Tesla Model S insurance rate vary?
Based on the annual premiums, Tesla’s insurance might cost $2,202 a year for full coverage. Keep in mind that rates might be lower or higher based on the insurance company that you choose. At the same time, some personal factors are also affecting car insurance rate like:
- Price of parts
- Crash rate stats per model or make
- Safety features
The Tesla model S has a large number of standard safety features, which might offset the cost of the coverage. Several cameras monitor potential blind spots and hazards to alert the driver. Overhead and knee airbags are available throughout the cabin. Traction control, however, is the most reliable safety option for your vehicle. You should choose full coverage because they understand the value of your vehicle. This type of coverage option offers collision and comprehensive coverage. Tesla has a higher level of full coverage than the national average.
Things to Know About Tesla Model S Insurance Rate
Sara Routhier, Director of Outreach at BuyAutoInsurance.com, lists Tesla’s specific features that help minimize car insurance costs:
- Autopilot mode
- Sentry mode
- Security Alarm
- PIN to Drive
- Intrusion Sensors
The Sentry mode is one of the most effective anti-theft systems, which activates a camera when someone stands near your vehicle. In this way, you can deter potential car theft, but the camera might cost a lot to fix, so you may end up paying more for Tesla’s car insurance. You may be able to get a lower monthly premium with Tesla insurance if you have a higher safety score.
Safe drivers can get lower insurance costs that help them save money. Tesla’s autopilot modTesla’s autopilot mode, you may qualify. This mode is similar to Tesla’s driver assistance technology and is designed to help drivers by accelerating, steering, and braking under your supervision. If you do some research on the internet, you can easily find the most suitable insurance policy that meets your needs. If you choose full coverage car insurance, it can provide collision and comprehensive coverage. Collision insurance pays out if your car collides with another vehicle, a light pole or a tree.
Where to Find the Best Deals on Your Tesla Model S Insurance Policy
The National Highway Traffic Safety Administration conducts crash tests on Tesla cars for the purpose of choosing crash test ratings for different vehicles. It is wise to keep in mind that the crash test ratings of Tesla’s model S vehicle might have a significant impact on your auto insurance rates. You can also look at the Tesla model s crash test ratings. If your Tesla vehicle has a higher crash test rating, you may have a safer vehicle that will result in lower insurance costs. This is because your Tesla vehicle is less risky.
There are many safety features on the model S that can lower your insurance costs. These include brake assist, air bags for the driver and passenger, electronic stability control, child safety locks, and blind spot monitors. Check with your insurance company to find out which safety features can earn you discounts. It is helpful to choose the best insurance company online because they offer quotes for each insurance company so you can choose based on your needs. You will need to pay more when you are financing your Tesla model S, so you should compare the quotes from the insurance companies when you are seeking to obtain the right auto insurance.
In New York, Texas, or anywhere in the country, you can save on insurance if you follow some strategies, such as asking about seasonal insurance, taking advantage of ride-sharing services, paying your bills on time, and inquiring about discounts with your insurance company.
Conclusion
If you use a rating tool, you can get quotes from a variety of insurance companies so you can choose the most appropriate one for you. Tesla model S insurance is one of the most effective ways to save money when purchasing model S insurance. You can also get Tesla model S insurance directly from Tesla and they offer lower insurance rates for Tesla drivers along with safety ratings. Using Tesla’s understanding of their technology, vehicles, safety, and repair costs, they can minimize the fees charged by traditional insurance companies.
