Tesla Insurance Rates
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Because it looks awesome and performs splendidly, nobody can blame you for getting your hands on an Tesla. But before you start to drive your prized property around, there's one very important matter to consider, and that's none other than getting your brand new investment insured.
If truth be revealed, purchasing auto insurance is for the protection of the wallet of a vehicle owner like you. There are many things that could happen to your vehicle while you're riding it or it's parked somewhere, and getting it insured can give you peace of mind that no matter what transpires you can be spared from shelling out huge sums of cash.
Many are wondering if having their autos insured is really beneficial. That's because it seems like it's all about disbursing steep monthly premiums perpetually without getting any advantage in return.
Well, it's true that at first glance it may look like there is no point in buying auto insurance. From the get-go, it may appear as though that those auto insurance companies are simply raking in revenues at the expense of hapless vehicle owners. This is why no one can blame you for doubting the importance of having your Tesla insured.
In a nutshell, purchasing auto insurance is all about your complete protection and very little about auto insurance companies making huge incomes. Especially because you are the title holder and driver of that Tesla car you value a lot, getting your car insured can spare you from shouldering the usually very high costs associated with being in a vehicular accident or your car being stolen by a robber or damaged by a fire or falling post.
Desist from assuming that having vehicle insurance is bound to wreak havoc on your monthly funds. Of course it's true that auto insurance can come with a steep price tag, but there are steps that may be taken to have your monthly premiums lowered. With the proper strategy, it is very much possible to keep the rates minimized.
We've all been advised to not judge a book by its cover. Sadly, judging a book by its cover is what auto insurance companies are doing accurately. If Tesla is the vehicle that you are driving, then your monthly costs will be based on it. Yes, the brand and model of your vehicle are some of the most essential factors in the determination of how much money you will need to shell out monthly.
Sadly, it's too late for you to swap your car with one that allows you to reap smaller monthly premiums.
But just because there is nothing that you can do to change your Tesla auto's name and build doesn't necessarily mean that you should scrimp on cash on everything else just for you to be able to purchase auto insurance that's right for your preferrences. That's because it's not just the vehicle that you are driving that sets your monthly premiums, but many other things too.
For illustration purposes, not using your car all the time can help to bring down your costs. It's due to the easy fact that it is less likely for you to crash into a car, tree or fence if your car is pulled up in your garage or driveway.
It's also a good idea to impress your car insurance company by keeping a driving record that's flawless. Yes, something as simple as obeying traffic rules and driving defensively every time is more than enough to spare you from having to face sky-high premiums each month.
Here's one more truly effective tip on having your monthly premiums lowered considerably: raising your deductible. Put simply, a deductible is the amount of money that you must shell out before your vehicle insurance company pays a claim. As a general rule of thumb, the greater your deductible the cheaper your auto insurance rates. Of course this does not apply to some auto insurance coverages such as liability insurance, which is something that deals with the cost of damages to cars, properties, vehicle operators or pedestrians due to a misfortune in which you're the one who is accountable, as it has no deductible.
Vehicle insurance companies are also fond of offering all kinds of discounts that allow for cheaper rates. For instance, you may enjoy one by adding safety gears to your Tesla or completing successfully a defensive driving course.
Needless to say, it's a good idea for you to talk with your vehicle insurance agent to know how you could bring down your monthly premiums. This way, you will realize that purchasing auto insurance is actually for your own financial security and not just a reason for you to expend big bucks on a monthly basis for the full benefit of the auto insurance company.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$81|
|5-yr Claim Free||$86|
|Paid in Full/EFT||$47|
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Discounts are estimated and may not be available from every company or in every state.