2014 Tesla Model S Insurance Cost

Locating cheaper insurance for a Tesla Model S could be a lot of work, but you can use these tips to save time.

There is a better way to compare auto insurance rates so you’re going to learn the quickest way to quote coverages for a Tesla and get the lowest possible price from local insurance agents and online providers.

Pricing cheaper protection is easy if you know what you’re doing. If you have a current insurance policy or need a new policy, you can use these techniques to find better prices while maximizing coverage. Consumers only need to know the tricks to shop for insurance online.

How to buy auto insurance online

Most companies like 21st Century, Allstate and State Farm give price estimates on their websites. Getting online rates can be done by anyone as you simply enter your required coverages into a form. Upon sending the form, the quote system obtains reports for credit and driving violations and provides a quote based on these factors.

Quoting online makes it easy to compare insurance prices but the process of having to visit several different sites and complete many quote forms can be a bit tiresome and repetitive. But it’s necessary to get many rate quotes if you want to get the lowest possible prices on auto insurance.

Rate comparisons made easy

An easier way to find lower prices uses one form to return rates from a bunch of companies at once. It’s a real time-saver, eliminates form submissions, and makes online quotes much more efficient. As soon as the form is sent, it is quoted and you are able to buy any one of the quote results.

If the quotes result in lower rates, you can click and sign and buy the policy. The entire process can be completed in less than 10 minutes and you’ll know if lower rates are available.

If you want to compare rates using this form now, click here to open in a new tab and enter your information. If you currently have coverage, we recommend you copy your coverages identical to your current policy. Using the same limits helps guarantee you will be getting a price comparison using the exact same coverages.

Earn discounts to get lower-cost auto insurance quotes

Auto insurance is neither fun to buy or cheap, but you may qualify for discounts to reduce the price significantly. Certain reductions will be credited when you purchase, but less common discounts must be specifically requested before being credited. If you are not receiving all the discounts available, you are not getting the best rate possible.

  • Auto/Life Discount – Some insurance companies give better prices if you take out some life insurance too.
  • Student Discounts – Being a good student can earn a discount of 20% or more. Earning this discount can benefit you well after school through age 25.
  • Discounts for Federal Employees – Simply working for the federal government may reduce rates when you quote insurance coverage for Model S insurance with a few auto insurance companies.
  • No Charge for an Accident – This one isn’t a discount, but companies like Liberty Mutual and Geico will allow you to have one accident without raising rates if you are claim-free prior to being involved in the accident.
  • College Student – Children who are attending college and won’t have access to an insured vehicle can receive lower rates.

As a sidenote, most discounts do not apply to the overall cost of the policy. Most only apply to specific coverage prices like liability and collision coverage. Even though it may seem like having all the discounts means you get insurance for free, it just doesn’t work that way.

To see providers that offer discounts, click here to view.

Tailor your insurance coverage coverage to you

When it comes to buying coverage, there isn’t really a perfect coverage plan. Everyone’s situation is unique.

Here are some questions about coverages that can aid in determining whether your personal situation could use an agent’s help.

  • Will filing a claim cost me more?
  • Is upholstery damage covered by car insurance?
  • Which is better, split liability limits or combined limits?
  • Is my teen driver covered when they drive my company car?
  • Is my babysitter covered when using my vehicle?
  • Is my custom paint covered by insurance?
  • What companies insure drivers after a DUI or DWI?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form. It is quick, free and can provide invaluable advice.

Auto insurance coverages 101

Learning about specific coverages of auto insurance aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Frequently these limits do not exceed the liability coverage limits.

Liability car insurance

This will cover damages or injuries you inflict on people or other property by causing an accident. It protects you against claims from other people. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as repair costs for stationary objects, loss of income and attorney fees. How much liability should you purchase? That is up to you, but consider buying as large an amount as possible.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like nursing services, dental work and ambulance fees. They are utilized in addition to your health insurance program or if you do not have health coverage. It covers all vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Auto collision coverage

This coverage covers damage to your Model S resulting from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like sideswiping another vehicle, scraping a guard rail, hitting a mailbox, rolling your car and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Comprehensive protection

This coverage covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as damage from getting keyed, damage from flooding and theft. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

At the end of the day…

Throughout this article, we presented a lot of tips how to compare 2014 Tesla Model S insurance car insurance rates online. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding affordable insurance coverage. Consumers could even find that the most savings is with the smaller companies.

Insureds leave their current company for a variety of reasons including high prices, delays in paying claims, unfair underwriting practices or even not issuing a premium refund. Whatever your reason, switching companies is not as difficult as it may seem.

As you restructure your insurance plan, don’t be tempted to reduce needed coverages to save money. There are too many instances where an insured dropped uninsured motorist or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to buy the best coverage you can find for the lowest price while not skimping on critical coverages.

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