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Tesla Model 3 Insurance Quotes

Drivers have lots of options when trying to find low-cost insurance for your Tesla vehicle. You can buy direct from your neighborhood insurance agent or get quotes online to check prices from many different car insurance companies. Shopping for car insurance through online rate quotes saves time, is easy to do, plus you will probably save money.

Comparing car insurance rates direct online can be difficult if you are a beginner to online quotes. But don't be discouraged because there is an easy way to compare rates. To find the best car insurance prices, there are several ways to get quotes from different insurance companies. The simplest method to find competitive Model 3 insurance cost consists of shopping online. This can be done by completing this short form.

Car insurance rates influenced by...

Insurance rates on a Tesla Model 3 can vary widely and are calculated by many factors. Including but not limited to:

  • High performance increases premiums
  • Any accidents you may have
  • Whether you insure your home with the same company
  • Pleasure use vs. commuting use
  • Young drivers cost more
  • Having a spouse can save money
  • Add-on coverages such as rental reimbursement
  • Your profession
  • The level of coverage
  • Home ownership saves money

One last important factor that will help determine the rate you pay on your Tesla is the year of manufacture. Older cars and trucks have a lower value so the cost to replace them may end up costing you less. Conversely, more recent Tesla vehicles may have options such as a backup camera, lane departure warning system, and traction control which can give discounted rates.

To get a better idea how much rates will be for your vehicle, select the year of your Model 3 from the list below.

Auto liability

This will cover damage or injury you incur to people or other property by causing an accident. Liability coverage pays for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. It is cheap coverage so purchase higher limits if possible.

Coverage for collisions

Collision coverage will pay to fix damage to your Tesla resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company. Collision coverage for your Model 3 can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It's also possible to choose a higher deductible to bring the cost down.

Comprehensive auto coverage

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage. The maximum payout your car insurance company will pay is the cash value of the vehicle, so if the vehicle's value is low it's not worth carrying full coverage.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don't have enough coverage. Due to the fact that many drivers have only the minimum liability required by law, it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for things like EMT expenses, pain medications, and nursing services. They are used in conjunction with a health insurance policy or if you do not have health coverage. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage.

How Much are Tesla Model 3 Insurance Rates?