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Tesla Model S Insurance Rates

There are many options when trying to insure your Tesla vehicle. You can either buy through a local agent or price shop online to compare pricing from multiple insurance companies. Shopping for auto insurance on the web is simple to do and there is a good chance you might just save a little.

Comparing auto insurance rates direct online can be a challenge if you have never used online quoting. Don't let that stop you because comparing prices is actually very simple. Finding a lower price on Model S insurance isn't really that difficult. You just have to take a little time to get quotes online with multiple companies. This is very easy and can be done by visiting this page.

FREE Car Insurance Comparison

Auto insurance rates for your Tesla Model S can fluctuate considerably subject to many criteria. Some of these factors include:

  • More performance equals higher cost
  • Accidents raise premiums
  • Whether you insure your home with the same company
  • Pleasure, commuting or business use can affect rates
  • Your birth date
  • Being married can lower rates
  • Extra coverages like towing and rental
  • Claims drive up premiums
  • Having current coverage saves
  • Whether you own your home

A final factor that will help determine Model S insurance rates is the model year. A newer vehicle have a higher replacement value in comparison to later models so the payout to repair may result in higher rates. On the flip side, newer vehicles may have a trim level with safety features like adaptive cruise control, sideview assist mirrors, and tire pressure monitors which may provide discounts that lower premiums.

For you to have a better understanding of how much rates will be for your vehicle, select the year of your Model S below.

Liability car insurance

Model S liability coverage can cover damage that occurs to other's property or people by causing an accident. Liability can pay for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. This coverage is usually fairly inexpensive so consider buying as high a limit as you can afford.

Collision coverage

Collision coverage covers damage to your Tesla resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible to get cheaper Model S insurance rates.

Comprehensive auto insurance

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by your Tesla Model S comprehensive insurance. The most you'll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it's probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Coverage for medical expenses

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses (i.e. nursing services, prosthetic devices, and dental work). The coverages can be utilized in addition to your health insurance program or if you lack health insurance entirely. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage.

How Much are Tesla Model S Insurance Rates?