How Much Does 2011 Tesla Roadster Insurance Cost?

Want the cheapest insurance rates for your Tesla Roadster? Are you tired of scraping nickels together to make your insurance payment? You are no different than millions of other people.

Online insurance companies like Allstate and Progressive promote their brand names with ads and consumers find it hard to not get sucked in by the cute commercials and effectively compare rates to find the best deal.

How much does insurance cost?

To get cheaper car insurance quotes, there a variety of ways to obtain and compare prices from different companies. The quickest method to compare rates is to use the internet to compare rates. This can be done in a couple of different ways.

The most efficient way to get quotes for comparison is to use a rate comparison form click here to open form in new window. This method eliminates the need for multiple quote forms for every prospective company. One form compares rates from insurance companies with the best prices.
A slightly less efficient method to find more affordable insurance requires visiting the website for each individual company and get a separate price quote. For instance, let’s assume you are doing a rate comparison from Auto-Owners, Geico and Farmers. In order to get each rate, you would have to visit each site and enter your policy data, which is why the first method is quicker.
For a handy list of car insurance company links in your area, click here.

It’s up to you how you get prices quotes, just ensure you’re using identical information with each company. If you compare unequal deductibles or liability limits you can’t possibly get a fair rate comparison. Just a small difference in coverages can result in a big premium difference. And when comparing insurance rates, know that comparing a wide range of rates helps you find a lower rate than you’re paying now. Some regional insurers cannot provide rate quotes online, so it’s necessary to compare price estimates from them as well.

Cheaper rates with these discounts

The price of auto insurance can be rather high, but you might be missing out on some discounts to cut the cost considerably. Certain credits will be shown at the time of purchase, but some need to be manually applied prior to getting the savings.

Distant Student Discount – Youth drivers who attend college more than 100 miles from home and do not take a car to college may be able to be covered for less.
Low Miles Discount – Maintaining low annual mileage may allow you to get lower rates due to less chance of an accident.
New Vehicle Savings – Insuring a new car can save you some money due to better safety requirements for new model year vehicles.
Cautious Drivers – Accident-free drivers may save up to 50% more for Roadster insurance compared to rates paid by drivers with frequent claims.
Passive Restraints and Air Bags – Vehicles equipped with air bags can qualify for discounts of 25 to 30%.
Bundled Policy Discount – If you combine your home and auto policies with one company you could earn a discount of at least 10% off all policies.

A little disclaimer on discounts, most credits do not apply to the entire policy premium. Most only reduce specific coverage prices like collision or personal injury protection. Despite the fact that it seems like you could get a free insurance coverage policy, you aren’t that lucky.

Larger insurance coverage companies and the discounts they provide are:

Geico policyholders can earn discounts including federal employee, membership and employees, multi-vehicle, emergency military deployment, and anti-lock brakes.
Mercury Insurance may have discounts that include age of vehicle, good driver, accident-free, ease of repair, low natural disaster claims, and anti-theft.
Farmers Insurance offers premium reductions for distant student, switch companies, mature driver, teen driver, good student, and electronic funds transfer.
Auto-Owners Insurance includes discounts for paperless, anti-lock brakes, safe driver, good student, and anti-theft.
Liberty Mutual discounts include good student, exclusive group savings, preferred payment discount, multi-policy, and newly married.
SAFECO offers discounts for drive less, accident prevention training, anti-lock brakes, homeowner, and safe driver.
Progressive has savings for continuous coverage, online quote discount, multi-policy, good student, homeowner, and multi-vehicle.
USAA may include discounts for multi-vehicle, annual mileage, loyalty savings, new vehicle, and driver training.

Check with each company what discounts are available to you. Depending on the company, some discounts may not apply to policyholders in your state. For a list of companies with the best insurance coverage discounts, click this link.

Four things that influence your insurance costs

The best way to find cheaper auto insurance is to take a look at some of the factors that play a part in calculating your policy premiums. When you understand what positively or negatively impacts your premiums, this enables informed choices that can help you get lower rates. Lots of things are part of the calculation when you get a price on insurance. A few of the factors are predictable like a motor vehicle report, but other criteria are more obscure like where you live or your commute time.

Liability claims can be big – Your auto insurance policy’s liability coverage kicks in when you are responsible for personal injury or accident damage. Your liability coverage provides you with a defense in court to defend your case. Liability is cheap as compared to coverage for physical damage, so drivers should carry high limits.
Car plus home equals more savings – Many insurance companies allow better rates for people that have more than one policy. It’s known as a multi-policy discount. This can amount to ten or even fifteen percent. Even if you already get this discount, it’s still a good idea to compare other insurance prices to ensure the best deal. Consumers may save more without the discount by insuring with multiple companies.
Less chance of injury means lower rates – Vehicles with good safety scores tend to be cheaper to insure. Highly rated vehicles have better occupant injury protection and better occupant protection means your insurance company pays less which can result in lower premiums. If the Tesla Roadster scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
Gender and insurance – The statistics show women are more cautious behind the wheel. However, don’t assume that men are worse drivers. Both sexes have accidents at a similar rate, but males cause more damage and cost insurance companies more money. In addition to higher claims, males also get ticketed for serious violations such as DWI and reckless driving. Young males are most likely to cause an accident so it costs more to insure them.

Auto insurance can be complex

When choosing adequate coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is unique so your insurance should reflect that For example, these questions might help in determining whether your personal situation will benefit from professional help.

Is a blown tire covered by insurance?
At what point should I drop full coverage?
How can I get my company to pay me more for my totalled car?
Why is insurance for a teen driver so high?
How can I get high-risk coverage after a DUI?
Does my insurance cover my expensive audio equipment?
What is medical payments coverage?
Do I need an umbrella policy?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Insurance policy specifics

Having a good grasp of a insurance policy aids in choosing the right coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. These are the usual coverages available from insurance companies.

Comprehensive coverages

This will pay to fix damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as damage from getting keyed, hitting a bird, vandalism, hitting a deer and a tree branch falling on your vehicle. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Collision protection

This pays for damage to your Roadster caused by collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims like damaging your car on a curb, driving through your garage door, colliding with a tree, hitting a mailbox and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Uninsured and underinsured coverage

This coverage provides protection from other drivers when they either have no liability insurance or not enough. It can pay for injuries to you and your family and damage to your Tesla Roadster.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Liability insurance

This coverage can cover damages or injuries you inflict on other’s property or people by causing an accident. It protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for things such as loss of income, bail bonds, attorney fees and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy higher limits if possible.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for things like hospital visits, funeral costs and X-ray expenses. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Knowledge is power

When trying to cut insurance costs, do not skimp on critical coverages to save a buck or two. Too many times, drivers have reduced collision coverage to discover at claim time that it was a big error on their part. Your strategy should be to find the BEST coverage at the best possible price, but don’t skip important coverages to save money.

You just read a lot of tips how to compare 2011 Tesla Roadster insurance prices online. It’s most important to understand that the more you quote car insurance, the better your comparison will be. Consumers may even find the biggest savings come from a small mutual company. Smaller companies often have lower rates on specific markets as compared to the big name companies such as Allstate and Progressive.