Cheap 2017 Tesla Model X Car Insurance Rates

Trying to find cheaper insurance coverage rates for your Tesla Model X? Nobody loves paying for insurance coverage, in particular when they could find better rates elsewhere.

Many insurers compete to insure your vehicles, so it’s not easy to compare every insurer to find the best price available.

You should make it a habit to do rate comparisons quite often due to the fact that insurance rates change frequently. Even if you think you had the best rate for Model X insurance last year there may be better deals available now. Block out anything you think you know about insurance coverage because you’re about to learn one of the best ways to eliminate unnecessary coverages and save money.

Four things that impact your insurance prices

Lots of things are taken into consideration when premium rates are determined. A few of the factors are predictable such as your driving history, but other factors are less obvious such as your marital status or how safe your car is.

Shown below are just a few of the factors auto insurance companies consider when setting your premiums.

  • Only buy what you need – Insurance companies have many additional extra coverages that can add up but may not be useful. Coverage for things like coverage for rental cars, death and dismemberment, and term life insurance are examples of these. The coverages may be enticing when buying your policy, but if you don’t need them eliminate them to save money.
  • Your credit rating is important – An insured’s credit score can be a huge factor in calculating your auto insurance rates. Therefore, if your credit score can be improved, you could be paying less to insure your 2017 Tesla Model X by taking the time to improve your credit score. Drivers who have very high credit ratings tend to file fewer claims and have better driving records than those with bad credit.
  • Liability coverage is peace of mind – The liability section of your policy is the protection in the event that you are responsible for physical damage or personal injury to other. Your liability coverage provides legal defense coverage to defend your case. This coverage is very inexpensive as compared to coverage for physical damage, so do not cut corners here.
  • Multi-policy discounts can save money – Most companies apply discounts to customers who buy several policies from them such as combining an auto and homeowners policy. Discounts can amount to 10 percent or more. Even with this discount, it’s still a good idea to check prices from other companies to confirm you are receiving the best rates possible.There is a chance you can find lower rates by buying insurance from more than one company.

Find discounts to get cheap insurance quotes

Some providers don’t always advertise their entire list of discounts in an easy-to-find place, so the list below gives a summary of some of the more common in addition to some of the lesser obvious credits available to lower your premiums when you buy insurance coverage online.

  • Braking Control Discount – Cars equipped with ABS or steering control have fewer accidents and qualify for as much as a 10% discount.
  • Active Military Service – Being on active deployment in the military could mean lower premium rates.
  • Defensive Driving Course – Participating in a driver safety class could possibly earn you a 5% discount and make you a better driver.
  • Discounts for Good Drivers – Insureds who avoid accidents may receive a discount up to 45% for Model X insurance compared to accident prone drivers.
  • Distant Student – Youth drivers who are attending college and won’t have access to an insured vehicle may be insured at a cheaper rate.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time rather than spreading payments over time you may reduce your total bill.

Discounts save money, but please remember that some credits don’t apply to the entire cost. Some only apply to individual premiums such as collision or personal injury protection. So when it seems like it’s possible to get free car insurance, companies wouldn’t make money that way.

To see insurance companies who offer online insurance quotes, click this link.

Tailor your auto insurance coverage to you

When it comes to choosing the right insurance coverage for your vehicles, there is no one size fits all plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. These are some specific questions may help you determine whether your personal situation would benefit from professional advice.

  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • When can my company non-renew my policy?
  • Are rental cars covered under my policy?
  • What is roadside assistance coverage?
  • Does insurance cover damages from a DUI accident?
  • If my pet gets injured in an accident are they covered?
  • Should I buy only the required minimum liability coverage?
  • Should I carry comprehensive and collision 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 agent. If you want to speak to an agent in your area, complete this form or click here for a list of auto insurance companies in your area.

Insurance coverage breakdown

Understanding the coverages of insurance can help you determine appropriate coverage and the correct deductibles and limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverages found on the average insurance policy.

Collision coverage – This pays for damage to your Model X caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims like backing into a parked car, damaging your car on a curb and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to increase the deductible to bring the cost down.

UM/UIM Coverage – This coverage protects you and your vehicle when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and damage to your Tesla Model X.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Medical costs insurance – Med pay and PIP coverage kick in for short-term medical expenses such as nursing services, surgery, rehabilitation expenses and prosthetic devices. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. Coverage applies to all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Liability – This coverage protects you from damage or injury you incur to other’s property or people. It protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 50/100/50 that means you have a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Another option is a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things such as funeral expenses, structural damage, loss of income, medical expenses and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive or Other Than Collision – This will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like hitting a bird, damage from a tornado or hurricane, vandalism, fire damage and rock chips in glass. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Final considerations

There are still a few companies who may not have online price quotes and most of the time these smaller providers sell through local independent agents. Low-cost 2017 Tesla Model X insurance can be purchased online in addition to local insurance agencies, and you should compare price quotes from both to get a complete price analysis.

We’ve covered a lot of ways to compare 2017 Tesla Model X insurance car insurance rates online. The key thing to remember is the more times you quote, the higher the chance of saving money. You may even find the most savings is with a smaller regional carrier. Regional companies may only write in your state and offer lower premium rates compared to the large companies like State Farm and Allstate.

For more information, take a look at the resources below: