How Much Does 2008 Tesla Roadster Insurance Cost?

Nobody I know cherishes buying insurance, especially when their premiums are too high. You have multiple auto insurance companies to choose from, and though it is a good thing to have a selection, it can be more difficult to compare rates and find the lowest cost insurance.

Your Tesla Roadster insurance rate is a complex equation

Consumers need to have an understanding of the different types of things that come into play when calculating your insurance coverage rates. Having a good understanding of what determines base rates empowers consumers to make smart changes that can help you get better insurance coverage rates.

High deductibles save money – Physical damage coverage, otherwise known as comp (or other than collision) and collision, protects your Tesla from damage. Examples of covered claims are a windshield shattered by a rock, damage caused by hail, and rolling your vehicle. Your deductibles are the amount of money you are willing to pay in the event of a claim. The more money you’re willing to pay, the less your insurance coverage will be on Roadster insurance.
How your age affects price – Older insureds are more responsible, tend to cause fewer accidents and receive fewer citations. Teenage drivers have a tendency to be more careless when behind the wheel therefore insurance coverage rates are much higher.
Add-on coverages can add up – There are a lot of extra coverages that can waste your money on your Roadster policy. Coverages like rental car reimbursement, accident forgiveness and motor club memberships may be costing you every month. These may sound like a good investment initially, but if you don’t need them get rid of them and save.
Equipment add-ons that lower insurance coverage rates – Owning a car with anti-theft technology or alarm system can help lower your rates. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent your vehicle from being stolen.

The quickest way to compare insurance rates from multiple companies takes advantage of the fact most of the bigger providers will pay a fee to provide you with a free rate quote. The only thing you need to do is provide the companies a bit of rating information including whether or not you need a SR-22, types of safety features, what you do for a living, and if your license is active. Your information is then sent to multiple top-rated companies and they return rate quotes almost instantly.

To compare rates for a 2008 Tesla Roadster now, click here and enter your coverage details.

Is there deception in advertising?

Consumers can’t get away from ads for cheaper car insurance from companies such as 21st Century, Allstate and State Farm. They all make the same claim of big savings if you switch your policy.

How does each company make almost identical claims? It’s all in the numbers.

Insurance companies have a certain “appetite” for the right customer they prefer to insure. An example of a preferred risk might be over the age of 50, owns a home, and has a high credit rating. A customer who meets those qualifications receives the best rates and is almost guaranteed to save when they switch companies.

Potential insureds who are not a match for the requirements will be charged higher premiums and ends up with business going elsewhere. The ad wording is “customers that switch” not “everyone that quotes” save that much money. That’s why insurance companies can confidently make those claims. That is why it is so important to quote coverage with many companies. You cannot predict which insurance coverage company will give you the biggest savings on Tesla Roadster insurance.

Policy discounts you shouldn’t miss

Auto insurance companies don’t list all available discounts in an easy-to-find place, so we researched both the well known and the more hidden ways to save on insurance coverage. If they aren’t giving you every credit possible, you’re just leaving money on the table.

Auto/Life Discount – Some companies give better rates if you take out life insurance from them.
Anti-lock Brake Discount – Anti-lock brake equipped vehicles prevent accidents and qualify for as much as a 10% discount.
55 and Retired – If you’re over the age of 55, you may be able to get a small decrease in premiums on Roadster insurance.
Safety Course Discount – Taking part in a course in driver safety could cut 5% off your bill depending on where you live.
Multi-car Discount – Insuring more than one vehicle with the same company may reduce the rate for each vehicle.
Pay Now and Pay Less – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.

A little note about advertised discounts, most discounts do not apply to the entire cost. Most only apply to the cost of specific coverages such as collision or personal injury protection. So when it seems like you can get free auto insurance, it just doesn’t work that way.

To see a list of insurers who offer insurance coverage discounts, follow this link.

Insurance agents can help

When buying the right insurance coverage for your vehicles, there is no perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that These are some specific questions could help you determine if your insurance needs might need an agent’s assistance.

When can my company non-renew my policy?
What is PIP insurance?
Can my teen driver be rated on a liability-only vehicle?
Will my insurance pay for OEM parts?
Can I rent a car in Mexico?
Should I get collision insurance on every vehicle?
Is my Tesla Roadster covered if I use it for business?
What is the rate difference between pleasure use and commuting?
Am I covered if my car is in a flood?

If you can’t answer these questions but a few of them apply, you may need to chat with an agent. If you don’t have a local agent, complete this form or click here for a list of insurance companies in your area. It is quick, free and can provide invaluable advice.

Car insurance coverage breakdown

Having a good grasp of your policy helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types available from car insurance companies.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like dental work, hospital visits, chiropractic care and pain medications. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Liability car insurance

Liability insurance protects you from damage that occurs to other people or property. This coverage protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for things like repair bills for other people’s vehicles, legal defense fees and pain and suffering. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage provides protection when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Tesla Roadster.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as driving through your garage door, hitting a parking meter and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. It’s also possible to increase the deductible to bring the cost down.

Comprehensive coverage

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like vandalism, hail damage and damage from getting keyed. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Never pay more for less

When buying insurance coverage, do not skimp on coverage in order to save money. There are too many instances where someone sacrificed full coverage and discovered at claim time they didn’t purchase enough coverage. The aim is to find the BEST coverage at the best price.

You just read a lot of techniques to compare 2008 Tesla Roadster insurance prices online. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding lower rates. You may be surprised to find that the lowest rates come from a small local company. Some small companies may only write in your state and offer lower rates as compared to the big name companies such as Allstate or State Farm.

Affordable insurance is attainable on the web in addition to many insurance agents, and you need to price shop both so you have a total pricing picture. Some car insurance companies do not provide you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.