2013 Tesla Model S Insurance Cost – 10 Savings Tips

Searching for the lowest cost insurance coverage on the web can be somewhat difficult for consumers new to buying insurance online. Because there are so many online companies, how can consumers possibly compare them all to find the lowest rates?

The purpose of this article is to introduce you to how to get online quotes. If you currently have car insurance, you stand a good chance to be able to lower your premiums substantially using this strategy. Although drivers need to have an understanding of the way companies price insurance differently because it can help you find the best coverage.

The quickest method we recommend to get rate comparisons is to take advantage of the fact car insurance companies allow for online access to provide you with free rate quotes. To start a quote, the only thing you need to do is take a few minutes to give details such as if the vehicle is leased, how much education you have, how your vehicles are used, and how old drivers are. The rating information is then submitted to many different companies and you should receive rate quotes with very little delay.

To find lower rates now, click here and see if a lower rate is available.

You probably qualify for some discounts

Insurance can cost an arm and a leg, but companies offer discounts that you may not even be aware of. A few discounts will automatically apply when you get a quote, but a few need to be specifically requested prior to receiving the credit.

  • Safe Driver Discount – Safe drivers can get discounts for up to 45% lower rates for Model S insurance than less cautious drivers.
  • No Claims – Drivers with accident-free driving histories can save substantially when compared with drivers who are more careless.
  • Auto/Life Discount – Some companies give a break if you buy auto and life insurance together.
  • Multiple Cars – Buying coverage for all your vehicles on one policy may reduce the rate for each vehicle.
  • Fewer Miles Equal More Savings – Low mileage vehicles could be rewarded with a substantially lower rate.
  • Discount for Swiching Early – A few companies offer discounts for buying a policy prior to your current policy expiring. The savings is around 10%.
  • Good Students Pay Less – This discount can earn a discount of 20% or more. The good student discount can last until age 25.
  • Seat Belts Save – Requiring all passengers to buckle their seat belts could cut 10% or more off the personal injury premium cost.
  • E-sign – A few companies will discount your bill up to fifty bucks just for signing your application digitally online.
  • New Car Discount – Buying coverage on a new vehicle can be considerably cheaper since new cars are generally safer.

Keep in mind that most discount credits are not given the the whole policy. Some only apply to individual premiums such as physical damage coverage or medical payments. Even though it may seem like adding up those discounts means a free policy, companies don’t profit that way. But all discounts will cut your premiums.

For a list of companies who offer insurance discounts, click this link.

There’s no such thing as the perfect policy

When it comes to choosing the best car insurance coverage for your personal vehicles, there is no “best” method to buy coverage. Everyone’s situation is a little different.

For example, these questions could help you determine whether your personal situation would benefit from an agent’s advice.

  • When does my teenage driver need to be added to my policy?
  • Does insurance cover damages from a DUI accident?
  • Will filing a claim cost me more?
  • What is medical payments coverage?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • How do I file an SR-22 for a DUI in my state?
  • Do I need more liability coverage?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Can I afford to pay high deductible claims out of pocket?

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 an insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Specifics of your car insurance policy

Learning about specific coverages of car insurance can be of help when determining which coverages you need and the correct deductibles and limits. Car insurance terms can be ambiguous and nobody wants to actually read their policy.

Liability insurance

Liability insurance can cover injuries or damage you cause to other people or property by causing an accident. This insurance protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Another option is a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage protects against claims such as loss of income, emergency aid, court costs and funeral expenses. How much coverage you buy is your choice, but consider buying as high a limit as you can afford.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like surgery, X-ray expenses and ambulance fees. They are often used to fill the gap from your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive protection

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims like a tree branch falling on your vehicle, theft, rock chips in glass and damage from flooding. The maximum amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured or underinsured coverage

This protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. It can pay for 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, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Collision protection

This pays for damage to your Model S caused by collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as colliding with a tree, hitting a mailbox and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper collision coverage.

Shop around and save

When trying to cut insurance costs, it’s a bad idea to sacrifice coverage to reduce premiums. There are a lot of situations where someone dropped physical damage coverage and learned later that a couple dollars of savings turned into a financial nightmare. The aim is to buy enough coverage at an affordable rate.

People leave their current company for many reasons like poor customer service, extreme rates for teen drivers, delays in paying claims and even being labeled a high risk driver. It doesn’t matter what your reason, finding a new company is easier than you think.

You just learned a lot of information how to compare 2013 Tesla Model S insurance prices online. The key concept to understand is the more rate comparisons you have, the better likelihood of reducing your rate. Consumers may even find the biggest savings come from an unexpected company.

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