Lower Your 2016 Tesla Model X Insurance Rates

Want lower insurance rates for your Tesla Model X? Trying to find low-cost insurance for a Tesla Model X can normally be difficult, but you can learn the following methods to save time. There are both good and bad ways to find insurance online and you need to know the proper way to compare rates on a Tesla and get the cheapest rates either online or from local insurance agents.

The quickest method to compare rate quotes is to understand most insurance companies allow for online access to give free rates quotes. The only thing you need to do is provide a little information including the type of vehicles you drive, an estimate of your credit level, if you require a SR-22, and how much coverage you want. The data is automatically sent to multiple companies and you will get price comparisons immediately.

To start a quote now, click here and enter the information requested.

Find hidden discounts to get affordable insurance coverage quotes

Some providers don’t always list every discount they offer very clearly, so the list below details some of the more common in addition to some of the lesser obvious savings tricks you should be using when you buy auto insurance online. If you do not check that you are getting every discount possible, it’s possible you qualify for a lower rate.

  • Telematics Data – People who choose to allow their company to analyze driving patterns through the use of a telematics system like Drivewise from Allstate or In-Drive from State Farm might get better premium rates if they have good driving habits.
  • No Charge for an Accident – This isn’t a discount exactly, but some insurance companies may permit one accident before your rates go up if you have no claims before the accident.
  • Passive Restraint Discount – Cars that have air bags or motorized seat belts can qualify for discounts up to 30%.
  • New Vehicle Savings – Insuring a new car can be considerably cheaper due to better safety requirements for newer models.
  • Pay Upfront and Save – By making one initial payment rather than paying monthly you can avoid the installment charge.
  • Professional Organizations – Joining qualifying clubs or civic groups may earn a discount when getting a auto insurance quote.
  • Anti-lock Brakes – Cars and trucks with ABS and/or traction control are much safer to drive and will save you 10% or more.

Drivers should understand that most credits do not apply to all coverage premiums. Most cut specific coverage prices like physical damage coverage or medical payments. Just because you may think you could get a free insurance coverage policy, companies wouldn’t make money that way.

A few popular companies and some of their more popular discounts can be read below.

  • American Family offers discounts including multi-vehicle, Steer into Savings, TimeAway discount, early bird, and air bags.
  • Nationwide has discounts for anti-theft, good student, defensive driving, Farm Bureau membership, accident-free, multi-policy, and family plan.
  • MetLife policyholders can earn discounts including claim-free, good driver, accident-free, good student, multi-policy, and defensive driver.
  • 21st Century includes discounts for anti-lock brakes, driver training, 55 and older, automatic seat belts, defensive driver, and theft prevention.
  • Farmers Insurance offers premium reductions for youthful driver, good student, switch companies, mature driver, early shopping, and business and professional.
  • Allstate discounts include anti-lock brakes, defensive driver, auto/life discount, utility vehicle, and new car.

When quoting, ask every prospective company which discounts can lower your rates. Depending on the company, some discounts may not apply to policyholders in your state.

Learn how to lower your insurance prices

It’s important that you understand some of the elements that help determine your policy premiums. When you understand what positively or negatively impacts your premiums, this enables you to make decisions that may reward you with lower rates.

  • Does insurance coverage cost less for women? – Statistics demonstrate females are less aggressive when driving. This data doesn’t prove that females are better drivers. Females and males get in at-fault accidents at about the same rate, but the males cause more damage and cost insurance companies more money. Not only are claims higher, but men get cited for more serious violations such as driving while intoxicated (DWI) or driving recklessly. Youthful male drivers have the highest risk to insure and therefore pay the highest rates.
  • Decrease prices by maintaining coverage – Having an insurance coverage lapse can be a sure-fire way to drive up your policy premiums. And not only will insurance be more expensive, the inability to provide proof of insurance may result in a hefty fine and possibly a revoked license.
  • Qualify for multi-policy discounts – The majority of insurance companies will give better rates to policyholders who consolidate policies with them, otherwise known as a multi-policy discount. Even if you’re getting this discount you may still want to shop around to confirm you are receiving the best rates possible.
  • Your vocation is a factor – Did you know your insurance rates can be affected by your occupation? Careers such as doctors, social workers and accountants are shown to have higher average rates attributed to job stress and long work days. Other occupations such as actors, engineers and performers pay the least for Model X coverage.
  • If you don’t need it don’t buy it – There are many optional add-on coverages you can purchase on your insurance policy. Add-on coverages like rental car coverage, accidental death, and extra life insurance coverage may not be needed and are just wasting money. They may sound like good ideas at first, but if you don’t need them think about removing them and cutting costs.
  • Marriage is a bonus – Having a significant other can get you a discount on insurance. Having a spouse may mean you are more mature than a single person and it’s proven that being married results in fewer claims.
  • Pleasure use or commuting – The more you drive in a year’s time the more it will cost to insure it. Most insurance companies charge rates partially by how you use the vehicle. Vehicles not used for work or commuting qualify for better rates compared to those used for work or business. It’s a good idea to make sure your insurance declarations sheet is rated on the correct usage for each vehicle, because improper ratings can cost you money. Having the wrong rating on your Model X may be costing you higher rates.
  • Safer cars mean better rates – Vehicles that have high safety ratings tend to have better insurance rates. Safe vehicles protect occupants better and lower rates of occupant injuries translates directly to fewer claims passed on to you as lower rates.

Tailor your insurance coverage to you

When it comes to buying the right insurance coverage, there is no perfect coverage plan. Everyone’s needs are different.

Here are some questions about coverages that might point out if your insurance needs could use an agent’s help.

  • Should I get collision insurance on every vehicle?
  • Will I be non-renewed for getting a DUI or other conviction?
  • How high should my medical payments coverage be?
  • Is business equipment covered while in my vehicle?
  • Can my babysitter drive my car?
  • Does medical payments coverage apply to all occupants?
  • Do I need an umbrella policy?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form. It’s fast, doesn’t cost anything and you can get the answers you need.

Auto insurance savings promises

Consumers get pounded daily by advertisements that claim the lowest premium rates from companies such as 21st Century, Allstate and State Farm. They all seem to state the claim that you can save just by moving your coverage.

But how can every company offer drivers better rates? It’s all in how they say it.

Auto insurance companies quote their cheapest rates for the type of driver that makes them money. For example, a profitable customer might have to be over the age of 45, has a clean driving record, and drives a car with an anti-theft system. Any new insured that meets those criteria will probably get cheap car insurance rates and will probably save money with a new company.

Drivers who fall outside the “perfect” profile may receive higher premium rates and the customer buying from someone else. The ad wording is “people who switch” not “everyone who quotes” save that much when switching. That is how insurance companies can confidently advertise the way they do. This illustrates why you really should compare free auto insurance quotes often. It’s impossible to know the company that will have the best car insurance rates at this point in time.

Car insurance 101

Understanding the coverages of auto insurance helps when choosing which coverages you need for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Collision coverage protection

This coverage pays for damage to your Model X resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like driving through your garage door, rolling your car, crashing into a ditch, hitting a parking meter and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also raise the deductible in order to get cheaper collision rates.

Comprehensive coverage

This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like a tree branch falling on your vehicle, fire damage, hail damage and damage from flooding. The most your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist coverage

This coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your 2016 Tesla Model X.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Liability car insurance

Liability coverage will cover damage or injury you incur to other’s property or people in an accident. It protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims such as repair bills for other people’s vehicles, funeral expenses, attorney fees and loss of income. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as X-ray expenses, pain medications, surgery and chiropractic care. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Pennies from heaven

We just covered a lot of techniques to lower your 2016 Tesla Model X insurance premium rates. The key concept to understand is the more companies you get prices for, the higher the chance of saving money. You may be surprised to find that the lowest priced car insurance comes from a small local company.

When trying to cut insurance costs, you should never sacrifice coverage to reduce premiums. In many instances, consumers will sacrifice collision coverage only to find out that they should have had better coverage. The proper strategy is to purchase plenty of coverage at a price you can afford and still be able to protect your assets.

Drivers change insurance companies for a variety of reasons including questionable increases in premium, delays in responding to claim requests, denial of a claim and even policy cancellation. It doesn’t matter why you want to switch finding a new company is pretty simple and you could end up saving a buck or two.

Additional car insurance information is located at these links: