2017 Tesla Model 3 Car Insurance Rates – 8 Tips for Cheaper Quotes

Looking for the cheapest auto insurance rates for your Tesla Model 3? Finding the cheapest insurance for a Tesla Model 3 could be an all-consuming task, but you can learn our auto insurance buying tips to save time.

There are both good and bad ways to compare auto insurance rates and we’ll show you the proper way to price shop coverage for your Tesla and get the lowest possible price either online or from local insurance agents.

Consumers should take time to shop coverage around yearly because prices change quite often. Even if you think you had the lowest price on Model 3 insurance last year you will most likely find a better rate today. Forget all the misinformation about auto insurance because we’re going to show you the right way to save money, get proper coverage and the best rates.

Insurance coverage quotes comparison

Finding a better price on insurance coverage is a fairly straight forward process. You just have to spend a few minutes on the computer to compare rate quotes online from several insurance companies. Rate comparisons can be done in a couple of different ways.

  1. Probably the best way to get the best comparison quotes is a comparison rater form click to view form in new window. This type of form prevents you from having to do separate quote forms for every company. Completing one form gets coverage cost estimates from multiple low-cost companies. Recommended for those who want to invest the least amount of time.
  2. A less efficient way to compare prices requires visiting each individual company website and repeat the quote process again and again. For sake of this example, let’s assume you want to compare prices for Nationwide, Farmers and State Farm. In order to get each rate, you would have to go to each individual site to enter the same coverage data repeatedly, which can get rather old. To view a list of companies in your area, click here.
  3. The most time-consuming way to compare price estimates is actually driving to each insurance agency near you. Quoting online eliminates the need for an insurance agent unless you’re the type of person who wants the peace of mind of an agent trained in personal lines coverage. Although, it is possible get the lowest quotes online but still have the advice of a local agent.

The approach you take is up to you, just make sure you compare the exact same coverage information with each company. If your comparisons have different deductibles then you won’t be able to determine which rate is truly the best.

Save money with these eight discounts

Some insurers don’t always publicize every disount available in an easy-to-find place, so we researched both well-publicized and also the lesser-known credits available to you.

  • Good Grades Discount – Being a good student can be rewarded with saving of up to 25%. This discount can apply up until you turn 25.
  • Paperwork-free – A handful of larger companies may give you up to $50 for completing your application on your computer.
  • ABS Brakes – Cars and trucks with anti-lock braking systems are safer to drive and will save you 10% or more.
  • Discount for Passive Restraints – Factory options such as air bags and/or automatic seat belt systems may earn rate discounts as much as 30%.
  • Defensive Driving Course – Taking part in a course in defensive driving could earn you a small percentage discount and easily pay for the cost of the class.
  • Home Ownership Discount – Simply owning a home may earn you a small savings because owning a home is proof of financial responsibility.
  • Discount for Low Mileage – Low annual miles could earn substantially lower insurancerates.
  • Theft Deterent Discount – Vehicles that have factory alarm systems and tracking devices help deter theft and that can save you a little bit as well.

Remember that some credits don’t apply the the whole policy. A few only apply to specific coverage prices like comp or med pay. Despite the appearance that it’s possible to get free car insurance, insurance companies aren’t that generous.

To find insurers with the best insurance discounts, follow this link.

Car insurance can be complex

When buying coverage, there isn’t really a “best” method to buy coverage. Your needs are not the same as everyone else’s.

For instance, these questions could help you determine if your situation might need an agent’s assistance.

  • Does my personal policy cover me when driving out-of-state?
  • Am I covered when delivering products for my home-based business?
  • What is UM/UIM insurance?
  • Should I buy additional glass protection?
  • Why do I need rental car insurance?
  • Does liability extend to a camper or trailer?
  • Does coverage extend to Mexico or Canada?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find an agent in your area, complete this form. It’s fast, doesn’t cost anything and can help protect your family.

Insurance coverages 101

Knowing the specifics of insurance can be of help when determining the right coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your Tesla Model 3.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Collision coverage

This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like driving through your garage door, rolling your car, crashing into a building and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Liability coverages

This will cover damage that occurs to other people or property that is your fault. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 100/300/100 which means $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Another option is one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability coverage pays for things like medical services, pain and suffering, attorney fees, court costs and bail bonds. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible.

Comprehensive or Other Than Collision

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

Comprehensive can pay for claims such as a tree branch falling on your vehicle, hail damage, damage from getting keyed and fire damage. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as chiropractic care, X-ray expenses, hospital visits and pain medications. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and may carry a deductible

Keep this in mind

Insureds switch companies for many reasons like denial of a claim, delays in responding to claim requests, questionable increases in premium or high rates after DUI convictions. Whatever your reason, finding the right auto insurance provider can be easy and end up saving you some money.

You just learned many tips how you can get a better price on 2017 Tesla Model 3 insurance. The key concept to understand is the more price quotes you have, the better likelihood of getting affordable auto insurance. Consumers may even find the lowest rates are with a lesser-known regional company.

Cheaper auto insurance can be bought on the web in addition to many insurance agents, so you need to shop auto insurance with both to have the best rate selection. Some insurance companies don’t offer internet price quotes and most of the time these small, regional companies only sell through independent agents.

Additional detailed information is available in these articles: