{"id":6134,"date":"2023-11-13T05:48:34","date_gmt":"2023-11-13T05:48:34","guid":{"rendered":"https:\/\/businessyield.com\/ins\/?p=6134"},"modified":"2023-11-13T05:48:35","modified_gmt":"2023-11-13T05:48:35","slug":"tesla-car-insurance","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ins\/car-insurance\/tesla-car-insurance\/","title":{"rendered":"TESLA CAR INSURANCE: Coverage, Cost & How to Get"},"content":{"rendered":"
We have broken down the cost of Tesla car insurance in this article. To assist you in finding the finest coverage for your needs and to safeguard your electric vehicle, we have also conducted research on the top auto insurance providers.<\/p>
Tesla Insurance calculates insurance prices using information gathered from Tesla’s safety features, Autopilot, and total car data. <\/p>
Through its seamless integration with Tesla’s ecosystem, Tesla Insurance seeks to make the insurance process easier for Tesla owners. Like standard auto insurance policies, the insurance coverage covers liability, collision, and comprehensive coverage.<\/p>
Currently, owners of Tesla vehicles can obtain insurance in the following states:<\/p>
Note that both new and existing Tesla owners can get coverage for both their Teslas and non-Tesla vehicles with Tesla insurance. Furthermore, you can obtain Tesla insurance in California even if you don’t own a Tesla.<\/p>
For the majority of its vehicles, Tesla bases your auto insurance quote on your driving behavior in real-time. With the exception of California, it is offered for the Model S, 3, X, and Y in every state that offers Tesla Insurance. Tesla Insurance is still available to drivers in California, but prices won’t be determined by your driving style.<\/p>
Without the need for a separate app or plug-in gadget, Tesla is able to gather information about your driving behavior through your Tesla vehicle.<\/p>
Tracked driving behaviors consist of the following:<\/p>
Tesla uses the following factors to determine a rate:<\/p>
If you reside in one of the states where plans are offered, Tesla Insurance is worth a look. The organization provides collision, comprehensive, and liability coverage in addition to glass damage coverage. In addition, Tesla provides roadside assistance and gap insurance.<\/p>
State-by-state variations exist in terms of savings and additional coverage.<\/p>
It is not a given that Tesla will provide you with the best deal, even if you are eligible for one or more insurance reductions. When you locate the most economical policy, be sure you compare auto insurance providers.<\/p>
Your state’s minimum requirements and the area in which you reside will determine whether you require personal injury protection (PIP) or uninsured motorist coverage. For added security, auto insurance providers also provide a range of add-on coverage. Among these extra coverage options are:<\/p>
In the event of a mechanical malfunction, a variety of parts on your car are covered by this optional protection. It resembles an extended vehicle warranty.<\/p>
Often referred to as gap insurance, this pays the difference in the event of a total loss between the value of your car and the amount you owe on it. A lot of lenders demand this insurance.<\/p>
This coverage option replaces your old car with a new one if your new Tesla is totaled within a certain time frame.<\/p>
The average annual premium for Tesla auto insurance is $268 monthly, or slightly over $3,000. But purchasing insurance for a Tesla doesn’t always have to be costly. <\/p>
If you want to save money on auto insurance, think about getting the more reasonably priced Tesla Model 3 and going with Allied or Nationwide, as they have the lowest average insurance costs for this specific model. Infinity, State Farm, and Erie are usually better choices for more expensive versions. <\/p>
Tesla car insurance rates by state for a Model 3<\/p>State<\/strong><\/td> Cheapest median rate<\/strong><\/td> Cheapest insurance company<\/strong><\/td><\/tr> Alabama<\/strong><\/td> $1,984<\/td> Travelers<\/td><\/tr> Alaska<\/strong><\/td> $1,892<\/td> State Farm<\/td><\/tr> Arizona<\/strong><\/td> $1,676<\/td> QBE<\/td><\/tr> Arkansas<\/strong><\/td> $1,587<\/td> State Farm<\/td><\/tr> California<\/strong><\/td> $1,429<\/td> CIG<\/td><\/tr> Colorado<\/strong><\/td> $1,119<\/td> American National<\/td><\/tr> Connecticut<\/strong><\/td> $1,523<\/td> Travelers<\/td><\/tr> Delaware<\/strong><\/td> $2,066<\/td> State Farm<\/td><\/tr> Florida<\/strong><\/td> $1,797<\/td> State Farm<\/td><\/tr> Georgia<\/strong><\/td> $1,463<\/td> Central Insurance<\/td><\/tr> Hawaii<\/strong><\/td> $1,514<\/td> State Farm<\/td><\/tr> Idaho<\/strong><\/td> $664<\/td> American National<\/td><\/tr> Illinois<\/strong><\/td> $1,131<\/td> Hastings Mutual<\/td><\/tr> Indiana<\/strong><\/td> $793<\/td> Hastings Mutual<\/td><\/tr> Iowa<\/strong><\/td> $905<\/td> Hastings Mutual<\/td><\/tr> Kansas<\/strong><\/td> $1,451<\/td> Progressive<\/td><\/tr> Kentucky<\/strong><\/td> $2,413<\/td> Encova<\/td><\/tr> Louisiana<\/strong><\/td> $2,168<\/td> Southern Farm Bureau Casualty<\/td><\/tr> Maine<\/strong><\/td> $1,004<\/td> Countryway<\/td><\/tr> Maryland<\/strong><\/td> $1,762<\/td> Penn National<\/td><\/tr> Massachusetts<\/strong><\/td> $1,400<\/td> Preferred Mutual<\/td><\/tr> Michigan<\/strong><\/td> $1,362<\/td> Hastings Mutual<\/td><\/tr> Minnesota<\/strong><\/td> $1,289<\/td> Secura<\/td><\/tr> Mississippi<\/strong><\/td> $1,802<\/td> Progressive<\/td><\/tr> Missouri<\/strong><\/td> $1,704<\/td> Missouri Farm Bureau<\/td><\/tr> Montana<\/strong><\/td> $1,522<\/td> Dairyland<\/td><\/tr> Nebraska<\/strong><\/td> $761<\/td> American National<\/td><\/tr> Nevada<\/strong><\/td> $1,538<\/td> State Farm<\/td><\/tr> New Hampshire<\/strong><\/td> $756<\/td> The Hanover<\/td><\/tr> New Jersey<\/strong><\/td> $1,678<\/td> NJM<\/td><\/tr> New Mexico<\/strong><\/td> $1,261<\/td> Central Insurance<\/td><\/tr> New York<\/strong><\/td> $1,858<\/td> Erie<\/td><\/tr> North Carolina<\/strong><\/td> $1,061<\/td> Titan<\/td><\/tr> North Dakota<\/strong><\/td> $1,218<\/td> Nationwide<\/td><\/tr> Ohio<\/strong><\/td> $692<\/td> Hastings Mutual<\/td><\/tr> Oklahoma<\/strong><\/td> $1,891<\/td> State Farm<\/td><\/tr> Oregon<\/strong><\/td> $1,309<\/td> CIG<\/td><\/tr> Pennsylvania<\/strong><\/td> $1,376<\/td> Travelers<\/td><\/tr> Rhode Island<\/strong><\/td> $1,869<\/td> Quincy Mutual<\/td><\/tr> South Carolina<\/strong><\/td> $742<\/td> American National<\/td><\/tr> South Dakota<\/strong><\/td> $1,141<\/td> Kemper<\/td><\/tr> Tennessee<\/strong><\/td> $1,499<\/td> Penn National<\/td><\/tr> Texas<\/strong><\/td> $921<\/td> Redpoint County Mutual<\/td><\/tr> Utah<\/strong><\/td> $1,558<\/td> QBE<\/td><\/tr> Vermont<\/strong><\/td> $897<\/td> Union Mutual<\/td><\/tr> Virginia<\/strong><\/td> $968<\/td> Virginia Farm Bureau<\/td><\/tr> Washington<\/strong><\/td> $997<\/td> CIG<\/td><\/tr> Washington DC<\/strong><\/td> $1,450<\/td> Erie<\/td><\/tr> West Virginia<\/strong><\/td> $1,914<\/td> State Farm<\/td><\/tr> Wisconsin<\/strong><\/td> $1,058<\/td> Hastings Mutual<\/td><\/tr> Wyoming<\/strong><\/td> $716<\/td> American National<\/td><\/tr><\/tbody><\/table><\/figure> The Cheapest Tesla car insurance<\/span><\/h3>
Company<\/strong><\/td> Median annual rate<\/strong><\/td><\/tr> 1. State Farm<\/strong><\/td> $2,033<\/td><\/tr> 2. Travelers<\/strong><\/td> $2,083<\/td><\/tr> 3. Nationwide<\/strong><\/td> $2,496<\/td><\/tr> 4. American Family<\/strong><\/td> $2,619<\/td><\/tr> 5. Progressive<\/strong><\/td> $3,130<\/td><\/tr> 6. USAA*<\/strong><\/td> $1,404<\/td><\/tr> Credit: Nerdwallet<\/strong><\/td><\/tr><\/tbody><\/table><\/figure> 2022 Tesla Model 3 Insurance Cost<\/span><\/h3>
Car Insurance Provider<\/strong><\/td> Estimated Monthly Cost<\/strong><\/td> Estimated Annual Cost<\/strong><\/td><\/tr> USAA<\/td> $129<\/td> $1,543<\/td><\/tr> Nationwide<\/td> $153<\/td> $1,835<\/td><\/tr> State Farm<\/td> $176<\/td> $2,107<\/td><\/tr> Auto-Owners Insurance<\/td> $180<\/td> $2,155<\/td><\/tr> Travelers<\/td> $184<\/td> $2,208<\/td><\/tr> Erie Insurance<\/td> $190<\/td> $2,281<\/td><\/tr> Progressive<\/td> $234<\/td> $2,806<\/td><\/tr> American Family Insurance<\/td> $263<\/td> $3,152<\/td><\/tr> Allstate<\/td> $366<\/td> $4,392<\/td><\/tr> Geico<\/td> $375<\/td> $4,499<\/td><\/tr><\/tbody><\/table><\/figure> 2021 Tesla Model 3 Insurance Cost<\/span><\/h3>
Car Insurance Provider<\/strong><\/td> Estimated Monthly Cost<\/strong><\/td> Estimated Annual Cost<\/strong><\/td><\/tr> USAA<\/td> $113<\/td> $1,355<\/td><\/tr> Nationwide<\/td> $157<\/td> $1,881<\/td><\/tr> State Farm<\/td> $170<\/td> $2,039<\/td><\/tr> Auto-Owners Insurance<\/td> $171<\/td> $2,053<\/td><\/tr> Erie Insurance<\/td> $173<\/td> $2,077<\/td><\/tr> Travelers<\/td> $184<\/td> $2,205<\/td><\/tr> Geico<\/td> $221<\/td> $2,657<\/td><\/tr> Progressive<\/td> $228<\/td> $2,731<\/td><\/tr> American Family Insurance<\/td> $229<\/td> $2,753<\/td><\/tr> Allstate<\/td> $347<\/td> $4,162<\/td><\/tr><\/tbody><\/table><\/figure> 2020 Tesla Model 3 Insurance Cost<\/span><\/h3>