View 2008 Tesla Roadster Insurance Cost

Looking for better insurance rates for your Tesla Roadster? Buying budget insurance over the internet may be somewhat intimidating for drivers that are not comfortable with quoting and shopping for insurance on the internet. With such a large number of online companies, how are drivers able to effectively compare every one to find cheaper insurance rates?

Compare car insurance quotes online

There are a variety of methods you can shop for car insurance but there is one way that is easier and takes less work. You could waste time talking to insurance companies in your area, or you could save time and use online quotes to accomplish the same thing much quicker.

Many companies belong to an insurance system that enables customers to enter their coverage request one time, and each company provides a quote based on that data. This eliminates the need for quotation requests to each individual car insurance company.

To compare pricing click here to open in new window.

The one disadvantage to getting quotes like this is that consumers can’t choose which insurance companies to get quotes from. So if you prefer to choose specific providers to compare rates, we have assembled a list of car insurance companies in your area. Click here to view list.

Which method you use is up to you, but make sure you are using equivalent coverage limits on every quote. If you compare different values for each quote then you won’t be able to determine the best price for your Tesla Roadster. Slightly different coverage limits could skew the results. Just keep in mind that more quotes helps improve the odds of finding more affordable rates. Not every company provides online price quotes, so you should also compare rates from the smaller companies as well.

How car insurance companies calculate Tesla Roadster insurance prices

Multiple criteria are part of the equation when you get a price on insurance. Some of the criteria are obvious such as your driving history, although others are more transparent such as your credit history or your commute time.

The list below includes some of the major factors that factor into rates.

  • More than one policy can earn a discount – Most major insurers give better rates to insureds that have more than one policy in the form of a multi-policy discount. If you currently are using one company, drivers will still want to compare rates to help guarantee you have the best rates. You may still be able to find lower rates by buying car insurance from a different company.
  • Lower rates come with age – Beginning drivers have a tendency to be inattentive in a vehicle so they pay higher car insurance rates. Older drivers have been proven to be more responsible, cause fewer claims and accidents and are safer drivers.
  • How much liability insurance do you need? – The liability section of your policy will afford coverage when you are found liable for damages from an accident. It will provide for a legal defense to defend your case. Liability insurance is quite affordable compared to insuring for physical damage coverage, so do not skimp.
  • Being married can lower costs – Your spouse can get you a discount when buying car insurance. Marriage is viewed as being more mature than a single person and statistics show married drivers get in fewer accidents.
  • Cheaper premiums with safer cars – Safer cars can get you lower premiums. Safe vehicles help reduce the chance of injuries in an accident and reduced instances of injuries means less money paid by your insurance company and cheaper rates on your policy.
  • Infrequent drivers can save – The more you drive your Tesla annually the more you’ll pay to insure your vehicle. A lot of insurance companies calculate prices based on how the vehicle is used. Cars left parked in the garage can get a lower rate than those used for commuting. Verify your policy is rated on the correct usage for each vehicle. Improper usage on your Roadster can result in significantly higher rates.
  • Increase physical damage deductibles to save – Deductibles for physical damage are the amount of money you are required to spend if the claim is covered. Physical damage insurance, aka comp and collision, protects your car from damage. Examples of covered claims are collision with another vehicle, fire damage, and damage caused by road hazards. The higher the amount you have to pay, the less your car insurance will be on Roadster coverage.
  • Gender matters – Statistics demonstrate that females take fewer risks when driving. Now that doesn’t mean women are BETTER drivers than men. Women and men tend to get into fender benders at a similar rate, but males have costlier accidents. Men also receive more major tickets such as DWI and reckless driving. Males from age 16 to 21 are most likely to cause an accident and are penalized with high car insurance rates.

Save with with these discounts

Car insurance companies don’t list all available discounts in an easy-to-find place, so the following is a list of a few of the more well known in addition to some of the lesser obvious ways to save on insurance coverage. If they aren’t giving you every credit you qualify for, you may be paying too high a price.

  • Memberships – Having an affiliation with a qualifying organization can get you a small discount on insurance coverage.
  • Safety Course Discount – Participating in a class that teaches defensive driving techniques could earn you a small percentage discount and also improve your driving technique.
  • Early Payment Discounts – If you pay your bill all at once as opposed to paying monthly you could save 5% or more.
  • Paperwork-free – A handful of insurance coverage companies will give you a small discount just for signing your application on their website.
  • College Student – Kids who attend college more than 100 miles from home and won’t have access to an insured vehicle can receive lower rates.
  • Anti-lock Brake Discount – Cars and trucks with ABS and/or traction control are safer to drive so you can save 10 percent or more.

As a footnote on discounts, many deductions do not apply to all coverage premiums. Most only reduce specific coverage prices like physical damage coverage or medical payments. Even though it may seem like it’s possible to get free car insurance, companies wouldn’t make money that way.

To see a list of insurance coverage companies that offer many of these discounts, click here to view.

Your situation helps dictate your coverage

When buying proper insurance coverage for your personal vehicles, there really is no perfect coverage plan. Each situation is unique.

For example, these questions might help in determining whether or not you would benefit from professional advice.

  • Why does it cost so much to insure a teen driver?
  • Does having multiple vehicles earn me a discount?
  • Do I pay less for low miles?
  • How can I force my company to pay a claim?
  • If my pet gets injured in an accident are they covered?
  • Can I afford low physical damage deductibles?
  • What is no-fault insurance?
  • When would I need additional glass coverage?
  • Am I covered when driving in Canada or Mexico?
  • How can I get my company to pay me more for my totalled car?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find lower rates from a local agent, complete this form.

Insurance coverage options for a Tesla Roadster

Learning about specific coverages of insurance helps when choosing appropriate coverage and proper limits and deductibles. Insurance terms can be confusing and reading a policy is terribly boring.

Liability car insurance

Liability insurance will cover damages or injuries you inflict on other people or property in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 which stand for a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Alternatively, you may have a combined limit that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like court costs, pain and suffering, funeral expenses, attorney fees and repair bills for other people’s vehicles. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these coverages do not exceed the liability coverage limits.

Medical expense coverage

Med pay and PIP coverage pay for immediate expenses like X-ray expenses, prosthetic devices, hospital visits and pain medications. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Collision insurance

This pays to fix your vehicle from damage caused by collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims like colliding with a tree, damaging your car on a curb, crashing into a building and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Comprehensive protection

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, hitting a bird and a broken windshield. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

You can do this!

You just learned many tips how you can reduce 2008 Tesla Roadster insurance premium rates online. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. You may be surprised to find that the lowest premium rates are with the least-expected company.

Budget-conscious 2008 Tesla Roadster insurance is definitely available both online as well as from independent agents, so you should compare both to have the best rate selection. There are still a few companies who don’t offer the ability to get quotes online and most of the time these smaller providers only sell through local independent agencies.

Insureds switch companies for a variety of reasons including denial of a claim, lack of trust in their agent, high rates after DUI convictions and even unfair underwriting practices. No matter why you want to switch, choosing a new insurance company can be easy and end up saving you some money.

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