2015 Tesla Model S Car Insurance Rates

Shopping for the most affordable car insurance over the internet may be intimidating for consumers not familiar with online price comaprisons. With so many companies competing online, how can you possibly compare every one to find the lowest price available?

Save money by taking advantage of these discounts

Companies offering auto insurance do not list all available discounts in a way that’s easy to find, so the following is a list of some of the best known as well as the least known savings tricks you should be using.

  • Drive Safe and Save – Drivers who avoid accidents can pay as much as 50% less on Model S insurance than drivers with accidents.
  • Safety Course Discount – Taking part in a course teaching defensive driving skills could possibly earn you a 5% discount if you qualify.
  • Drive Less and Save – Low mileage vehicles could be rewarded with a substantially lower rate.
  • Early Switch Discount – Select companies give a discount for switching to them before your current policy expires. It’s a savings of about 10%.
  • Save with a New Car – Insuring a new car can be considerably cheaper compared to insuring an older model.
  • Federal Government Employee – Being employed by or retired from a federal job may qualify you for a discount on Model S insurance with certain companies.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Student in College – Youth drivers living away from home attending college and don’t have a car can receive lower rates.
  • No Accidents – Claim-free drivers pay much less when compared to drivers who are more careless.

Consumers should know that some of the credits will not apply to the overall cost of the policy. The majority will only reduce specific coverage prices like comp or med pay. Just because it seems like all those discounts means the company will pay you, auto insurance companies aren’t that generous.

Insurance companies that may have these benefits are:

It’s a good idea to ask each company how you can save money. Savings might not be offered in your state.

Insurance Quote Comparison

To find the best insurance prices, there are several ways of comparing rates from different insurance companies. The simplest method to find competitive 2015 Tesla Model S insurance rates consists of shopping online. It is quite easy and can be accomplished using a couple different methods.

  1. The recommended way to compare a lot of rates at once is a comparison rater form (click to open form in new window). This method saves time by eliminating boring form submissions for every insurance company. A single form will get you price quotes from all major companies. Just one form and you’re done.
  2. Another way to analyze rates is to take the time to go to the website for each individual company and complete a new quote form. For example, we’ll pretend you want to compare Progressive, Geico and Allstate. To get each rate you have to take the time to go to each site and enter your information, which is why the first method is quicker.

    For a list of links to insurance companies in your area, click here.

Whichever method you choose, ensure you are comparing exactly the same coverages for every company. If you have different limits and deductibles on each one it’s not possible to determine which rate is truly the best. Quoting even small variations in coverage limits can result in a big premium difference. And when comparison shopping, obtaining a wide range of quotes helps locate the best offered rates.

When should I use an insurance agent?

When it comes to choosing coverage for your vehicles, there really is not a “best” method to buy coverage. Every insured’s situation is different.

These are some specific questions might point out whether your personal situation might need an agent’s assistance.

  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • When should I buy a commercial auto policy?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Which is better, split liability limits or combined limits?
  • Are rental cars covered under my policy?
  • Do all my vehicles need collision coverage?
  • How many claims can I have before being cancelled?
  • Do I need replacement cost coverage?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form.

Coverages available on your auto insurance policy

Understanding the coverages of auto insurance aids in choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for things like chiropractic care, pain medications, EMT expenses and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Liability – Liability insurance protects you from damage that occurs to a person or their property that is your fault. It protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability coverage pays for things like bail bonds, legal defense fees, attorney fees, pain and suffering and loss of income. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Collision – This will pay to fix damage to your Model S resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like backing into a parked car, crashing into a ditch, rolling your car, hitting a parking meter and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Tesla Model S.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Comprehensive coverage – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like fire damage, falling objects and hitting a bird. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

More quotes. Lower rates.

Affordable 2015 Tesla Model S insurance can be sourced both online and also from your neighborhood agents, and you need to price shop both so you have a total pricing picture. Some insurance providers may not provide the ability to get a quote online and usually these regional insurance providers provide coverage only through local independent agents.

Consumers switch companies for a variety of reasons including an unsatisfactory settlement offer, policy cancellation, poor customer service or denial of a claim. Regardless of your reason for switching companies, finding a new company is easier than you think.

You just read some good ideas how to reduce insurance prices online. It’s most important to understand that the more providers you compare, the better your comparison will be. Drivers may discover the most savings is with the least-expected company.

To learn more, feel free to browse these articles: