2013 Tesla Model S Insurance Quotes – 6 Tricks for Cheaper Rates

Looking for lower insurance rates for your Tesla Model S? If you’re looking for cheaper insurance online, are you frustrated by the sheer number of insurance sources that you can choose from? Many other drivers are too. Consumers have so many choices that it can easily turn into a ton of work to find a more affordable company.

The purpose of this post is to help you learn the most effective way to quote insurance and some money-saving tips. If you currently have a car insurance policy, you should be able to cut costs considerably using these techniques. But drivers do need to know the way companies price online insurance and use this information to your advantage.

Are you getting every discount?

Properly insuring your vehicles can get expensive, but you might find some hidden discounts that can drop the cost substantially. Most are applied when you purchase, but once in a while a discount must be asked for before they will apply.

  • Braking Control Discount – Cars equipped with ABS or steering control have fewer accidents so you can save 10 percent or more.
  • E-sign Discounts – Many insurance companies will provide an incentive simply for signing on the internet.
  • Professional Organizations – Being a member of specific professional or occupational memberships or organizations may earn a discount on your bill.
  • Discount for Passive Restraints – Vehicles equipped with air bags can receive discounts up to 30%.
  • Resident Student – Youth drivers who attend college more than 100 miles from home and do not have a car may be insured at a cheaper rate.
  • Good Grades Discount – Maintaining excellent grades may save you up to 25%. Most companies allow this discount up until you turn 25.

A little note about advertised discounts, most discounts do not apply to all coverage premiums. Most only reduce individual premiums such as liability, collision or medical payments. So despite the fact that it appears all those discounts means the company will pay you, car insurance companies aren’t that generous.

A few of the larger companies and their possible discounts can be found below.

  • Farmers Insurance discounts include electronic funds transfer, alternative fuel, bundle discounts, youthful driver, multi-car, pay in full, and distant student.
  • State Farm has savings for accident-free, good student, safe vehicle, good driver, driver’s education, and anti-theft.
  • Liberty Mutual offers discounts for safety features, good student, multi-car, teen driver discount, and multi-policy.
  • MetLife includes discounts for good driver, multi-policy, defensive driver, claim-free, accident-free, good student
  • Progressive policyholders can earn discounts including multi-policy, good student, online signing, homeowner, continuous coverage, multi-vehicle, and online quote discount.

If you need inexpensive insurance quotes, ask every company which discounts can lower your rates. Discounts may not be offered in your area. To see car insurance companies that can offer you the previously mentioned discounts, follow this link.

When in doubt talk to an agent

When it comes to buying proper insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is a little different.

These are some specific questions could help you determine if your situation could use an agent’s help.

  • Do I need added coverage for expensive stereo equipment?
  • What exactly is covered by my policy?
  • Does coverage extend to a rental car in a foreign country?
  • Am I covered when driving a rental car?
  • Will my insurance pay for OEM parts?
  • Where can I find high-risk insurance?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Why am I required to get a high-risk car insurance policy?
  • Is a blown tire covered by insurance?
  • Do I pay less for low miles?

If you’re not sure about those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, fill out this quick form.

Brand name doesn’t guarantee savings

Allstate and Progressive continually stream ads on television and other media. They all make the same claim that drivers can save some big amount just by moving your car insurance policy to them. That’s great but how can every company charge less that you’re paying now? You have to listen carefully.

Insurance providers require specific criteria for the driver that will add to their bottom line. One example of a desirable insured may be over the age of 50, has a clear driving record, and drives a lower-performance vehicle. A driver who meets those qualifications will get a cheap rate quote and most likely will cut their rates if they switch.

Potential customers who fall short of this ideal profile will be quoted higher premiums and this can result in business going elsewhere. If you listen to the ad wording, they say “people who switch” but not “everyone who gets a quote” save that much money. This is how insurance companies can state the savings.

Each company has different criteria, so you should compare price quotes frequently. It is impossible to guess which company will give you the biggest savings.

Auto insurance coverage information

Understanding the coverages of your policy aids in choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Comprehensive auto coverage

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as a broken windshield, damage from getting keyed and hitting a deer. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Tesla Model S.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time these limits are set the same as your liablity limits.

Auto collision coverage

This coverage covers damage to your Model S caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as driving through your garage door, colliding with another moving vehicle, hitting a parking meter, scraping a guard rail and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Medical payments and PIP coverage

Med pay and PIP coverage pay for immediate expenses like X-ray expenses, EMT expenses, doctor visits, nursing services and chiropractic care. The coverages can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Liability auto insurance

This coverage provides protection from damage or injury you incur to other people or property in an accident. This coverage protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined limit which provides one coverage limit without having the split limit caps.

Liability coverage pays for claims such as structural damage, medical services, medical expenses, bail bonds and loss of income. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Shop around and save

We just presented many ideas to lower your 2013 Tesla Model S insurance prices. The key thing to remember is the more times you quote, the more likely it is that you will get a better rate. Consumers could even find that the lowest priced car insurance comes from a small mutual company.

Budget-conscious 2013 Tesla Model S insurance can be bought online and with local insurance agents, so get free insurance quotes from both of them to get a complete price analysis. Some car insurance companies may not provide online price quotes and usually these regional carriers sell through independent insurance agents.

As you restructure your insurance plan, don’t be tempted to skimp on coverage in order to save money. In many cases, an accident victim reduced collision coverage only to find out that they should have had better coverage. The aim is to buy the best coverage you can find for the lowest cost while not skimping on critical coverages.

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