2010 Tesla Roadster Car Insurance Quotes – 7 Ways to Save

Searching for cheaper car insurance rates for your Tesla Roadster? I can’t think of anyone who likes having to buy car insurance, especially knowing the price is too high.

With so many insurance companies to choose from, it can be impossible to pick the lowest price car insurance company.

You need to compare premium rates quite often due to the fact that insurance prices are usually higher with each renewal. Just because you found the lowest rates for Roadster coverage on your last policy you can probably find a lower rate today. Forget anything you know (or think you know) about car insurance because it’s time to teach you the things you must know in order to save money, get proper coverage and the best rates.

Finding affordable coverage is not that difficult. Essentially anyone who shops for car insurance will be able to lower their premiums. But drivers must understand the way insurance companies market on the web and use this information to your advantage.

Find discounts on insurance

Some insurers don’t list all possible discounts very clearly, so the list below details both the well known and also the lesser-known discounts that you can inquire about if you buy car insurance online.

  • Senior Citizen Discount – Seniors can possibly qualify for a small discount on rates for Roadster coverage.
  • Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts can receive discounts as much as 30%.
  • Payment Method – By paying your policy upfront instead of making monthly payments you could save 5% or more.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle their seat belts may be able to save a few bucks off the medical payments premium.
  • Paperless Signup – Certain insurance companies will give a small break shop car insurance on your computer.
  • Drive Safe and Save – Accident-free drivers may save up to 50% more for Roadster coverage than less cautious drivers.
  • Telematics Discount – Drivers who agree to allow their insurance company to study when and where they use their vehicle by using a telematics device in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system could save a few bucks if they show good driving skills.

You can save money using discounts, but many deductions do not apply to the entire policy premium. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. So when the math indicates having all the discounts means you get insurance for free, companies wouldn’t make money that way.

A list of companies and some of their more popular discounts include:

  • American Family discounts include multi-vehicle, good driver, good student, bundled insurance, and defensive driver.
  • Farm Bureau has discounts for 55 and retired, renewal discount, safe driver, multi-policy, good student, and driver training.
  • State Farm offers discounts including Drive Safe & Save, multiple autos, anti-theft, student away at school, Steer Clear safe driver discount, and accident-free.
  • Travelers may include discounts for driver training, hybrid/electric vehicle, new car, continuous insurance, home ownership, and payment discounts.
  • The Hartford has savings for driver training, vehicle fuel type, anti-theft, air bag, defensive driver, good student, and bundle.
  • Geico includes discounts for air bags, multi-vehicle, emergency military deployment, multi-policy, membership and employees, five-year accident-free, and good student.
  • Progressive may offer discounts for good student, multi-policy, online signing, homeowner, continuous coverage, multi-vehicle, and online quote discount.

If you need the cheapest car insurance quotes, ask all companies you are considering which discounts they offer. Discounts may not be available in your state.

How to find cheap auto insurance

Performing a rate comparison can take time and effort if you don’t know the fastest way to get free quotes. You could spend your day talking to insurance companies in your area, or you can utilize the web to accomplish the same thing much quicker.

Many popular insurance companies participate in a marketplace where prospective buyers submit one quote, and at least one company can give them a price based on that information. This prevents consumers from doing form submissions to each individual auto insurance company. To access this free quoting program, click here (opens in new window).

One minor caviat to getting quotes like this is you can’t choose the insurers to receive prices from. If you prefer to choose specific insurance companies to compare, we have a page of the cheapest auto insurance companies in your area. Click to view list.

The method you choose is up to you, but double check that you are using the same coverage data for each price quote. If each company quotes unequal deductibles or liability limits you will not be able to make a fair rate comparison. Slightly different insurance coverages or limits could throw off the whole comparison. Keep in mind that more quotes will improve the odds of getting a lower rate than you’re paying now.

Tailor your insurance coverage to you

When choosing proper insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Every insured’s situation is different so this has to be addressed. For example, these questions may help highlight whether or not you might need professional guidance.

  • How do I file an SR-22 for a DUI in my state?
  • Does coverage extend to Mexico or Canada?
  • Am I covered if I hit my neighbor’s mailbox?
  • Am I covered when driving on a suspended license?
  • When would I need additional glass coverage?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Is my cargo covered for damage or theft?
  • What is PIP insurance?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of insurance companies in your area.

Parts of your insurance policy

Understanding the coverages of insurance aids in choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be ambiguous and coverage can change by endorsement. Below you’ll find the normal coverages found on most insurance policies.

Comprehensive auto coverage – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as rock chips in glass, a tree branch falling on your vehicle, damage from getting keyed and hitting a deer. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Medical payments and PIP coverage – Med pay and PIP coverage provide coverage for bills such as X-ray expenses, hospital visits, rehabilitation expenses, prosthetic devices and funeral costs. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Collision coverage – This will pay to fix damage to your Roadster resulting from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as backing into a parked car, crashing into a building, hitting a mailbox, colliding with another moving vehicle and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible to bring the cost down.

Liability coverages – Liability insurance can cover damage or injury you incur to a person or their property. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability coverage pays for things like structural damage, emergency aid and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

Get your money’s worth

As you quote car insurance, it’s a bad idea to reduce needed coverages to save money. There have been many situations where drivers have reduced collision coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The goal is to buy the best coverage you can find at the lowest possible cost.

You just learned some good ideas how you can shop for 2010 Tesla Roadster insurance online. The key concept to understand is the more you quote car insurance, the better your comparison will be. Consumers could even find that the biggest savings come from an unexpected company. They may have significantly lower rates on certain market segments than the large multi-state companies such as Allstate and Progressive.

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