Compare 2017 Tesla Model S Insurance Cost

Searching for cheaper car insurance rates? Consumers have lots of choices when looking for affordable Tesla Model S insurance. They can either spend hours struggling with agents trying to get quotes or save time using the internet to make rate comparisons. There are both good and bad ways to find car insurance online so you’re going to learn the best way to quote coverages for a new or used Tesla and locate the lowest price either online or from local insurance agents.

It’s important to compare rates before your next renewal because insurance prices are variable and change quite frequently. Just because you had the best deal for Model S insurance last year there may be better deals available now. You’ll find a ton of advice on car insurance out there, but in just a couple of minutes you can learn some excellent ideas to lower your car insurance bill.

How to compare insurance price quotes

Getting a cheap price on 2017 Tesla Model S insurance is pretty simple and can save money. Consumers just need to take a few minutes comparing rate quotes from online providers. This can easily be done using a couple different methods.

If you are pressed for time, the simplest way consumers can analyze rates is an all-inclusive rate comparison like this one (opens in new window). This quick form saves time by eliminating separate quotes for each company. Just one form gets you coverage quotes instantly. It’s the fastest way to compare.
A different way to shop for insurance online requires a visit to each company’s website and fill out their own quote form. For example, we’ll assume you want rates from USAA, Geico and Travelers. You would need to take the time to go to each site and repeatedly enter your information, which is why the first method is more popular.
To view a list of companies in your area, click here.
The hardest method to find lower rates to local insurance agencies. Quoting and buying insurance online eliminates the middleman unless you’re the type of person who wants the professional guidance that can only be provided by a licensed insurance agent. It is possible with some companies obtain prices from the web but purchase the actual policy in an agency.

The method you choose is up to you, but ensure you are comparing apples-to-apples coverage limits and deductibles on every quote. If you enter different values for each quote it will be very difficult to determine the lowest rate for your Tesla Model S.

When to get professional advice

When it comes to choosing the right insurance coverage for your vehicles, there really is no one size fits all plan. Your needs are not the same as everyone else’s.

These are some specific questions could help you determine if your situation will benefit from professional help.

Does insurance cover tools stolen from my truck?
Is extra glass coverage worth it?
When should I not file a claim?
Can I drive in Mexico and have coverage?
Should I buy only the required minimum liability coverage?
Am I covered if I hit my neighbor’s mailbox?
Am I covered when renting a car or should I buy coverage from the car rental agency?

If you’re not sure about those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, fill out this quick form. It is quick, free and may give you better protection.

Specific coverages for a Tesla Model S

Understanding the coverages of your insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Comprehensive insurance

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

Comprehensive coverage protects against things like hitting a bird, a tree branch falling on your vehicle, damage from a tornado or hurricane and hitting a deer. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision coverage

Collision insurance pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers things like rolling your car, colliding with another moving vehicle, hitting a mailbox and crashing into a building. This coverage can be expensive, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for EMT expenses, chiropractic care and rehabilitation expenses. They can be utilized in addition to your health insurance plan or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability car insurance

This coverage will cover damage or injury you incur to other’s property or people. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability can pay for claims like court costs, pain and suffering, emergency aid and funeral expenses. How much liability coverage do you need? That is a decision to put some thought into, but buy as high a limit as you can afford.