Compare 2012 Tesla Model S Insurance Rates

Searching for the cheapest car insurance rates? Consumers have lots of choices when looking for affordable Tesla Model S insurance. They can either waste time struggling with agents trying to get quotes or save time using the internet to compare rates. There are more efficient ways to compare car insurance rates so you’re going to learn the best way to price shop coverage on a Tesla and locate the best price possible from both online companies and local agents.

Finding affordable coverage is easy if you know what you’re doing. If you currently have car insurance, you will be able to cut costs considerably using this strategy. Drivers just need to know the tricks to compare rates online.

The quickest method to get rate comparisons utilizes the fact most larger insurance companies provide online access to compare their rates. To begin a comparison, all you need to do is spend a couple of minutes providing details such as whether your vehicle is owned or leased, if a SR-22 is needed, your general credit rating, and what you do for a living. That information is instantly submitted to many highly-rated insurers and they return cost estimate quickly.

Get affordable insurance coverage with discounts

Some insurance providers don’t always advertise their entire list of discounts in a way that’s easy to find, so the following is a list of some of the more common and also the more inconspicuous ways to save on insurance coverage.

  • Government Employees – Having worked for a branch of the government could qualify for a slight premium decrease on Model S insurance with certain companies.
  • Theft Deterent – Cars and trucks equipped with anti-theft or alarm systems have a lower chance of being stolen and will save you 10% or more.
  • Multiple Policy Discount – If you have multiple policies and insure them with the same company you could save approximately 10% to 15%.
  • Distant Student Discount – Children who are enrolled in a college that is more than 100 miles from home and won’t have access to an insured vehicle could get you a discount.
  • Accident-Free Discounts – Good drivers with no accidents can earn big discounts compared to drivers with a long claim history.

As a disclaimer on discounts, most credits do not apply to your bottom line cost. Some only reduce individual premiums such as physical damage coverage or medical payments. So when the math indicates you could get a free insurance coverage policy, companies don’t profit that way.

A few of the larger companies and a selection of discounts are shown below.

  • Travelers offers discounts including new car, driver training, multi-car, IntelliDrive, save driver, good student, and payment discounts.
  • 21st Century may include discounts for anti-lock brakes, good student, automatic seat belts, driver training, and theft prevention.
  • State Farm offers premium reductions for anti-theft, accident-free, Steer Clear safe driver discount, passive restraint, safe vehicle, and good driver.
  • GEICO offers discounts for multi-policy, membership and employees, anti-lock brakes, military active duty, and daytime running lights.
  • SAFECO has savings for anti-theft, teen safe driver, bundle discounts, drive less, safe driver, and multi-car.
  • AAA policyholders can earn discounts including good student, education and occupation, AAA membership discount, multi-policy, and good driver.

If you need lower rates, check with all the companies which discounts they offer. Some credits might not apply in your area. To see a list of insurance coverage companies that can offer you the previously mentioned discounts, click here to view.

Tailor your car insurance coverage to you

When buying adequate coverage for your vehicles, there is no perfect coverage plan. Your needs are not the same as everyone else’s.

These are some specific questions could help you determine if you could use an agent’s help.

  • Do I need added coverage for expensive stereo equipment?
  • Is business equipment covered while in my vehicle?
  • Can my teen drive my company car?
  • Am I getting all the discounts available?
  • Am I covered if I break a side mirror?
  • Do I need rental car coverage?
  • Is my babysitter covered when using my vehicle?
  • How can I get my company to pay me more for my totalled car?
  • What is covered by UM/UIM coverage?
  • Do I need motorclub coverage?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Auto insurance policy specifics

Knowing the specifics of your auto insurance policy helps when choosing which coverages you need for your vehicles. Policy terminology can be confusing and reading a policy is terribly boring.

Collision protection

Collision insurance will pay to fix damage to your Model S from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like sustaining damage from a pot hole, hitting a mailbox, driving through your garage door and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

UM/UIM Coverage

This protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and also any damage incurred to your Tesla Model S.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical costs insurance

Coverage for medical payments and/or PIP pay for expenses for things like hospital visits, rehabilitation expenses, nursing services and funeral costs. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay

Liability insurance

This coverage will cover damage that occurs to people or other property by causing an accident. It protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability insurance covers things like loss of income, emergency aid, medical services, bail bonds and attorney fees. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford.

Comprehensive or Other Than Collision

This covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as fire damage, falling objects and damage from a tornado or hurricane. The maximum payout a auto insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

In conclusion

Affordable 2012 Tesla Model S insurance can be bought both online in addition to many insurance agents, and you should compare rates from both to get a complete price analysis. A few companies may not have online price quotes and these smaller providers only sell coverage through local independent agencies.

We covered many ways to lower your 2012 Tesla Model S insurance rates. The key concept to understand is the more rate quotes you have, the higher your chance of finding inexpensive auto insurance. You may be surprised to find that the best rates are with some of the lesser-known companies.

Consumers who switch companies do it for a number of reasons such as high prices, unfair underwriting practices, policy cancellation or even lack of trust in their agent. It doesn’t matter why you want to switch switching companies can be easy and end up saving you some money.

Much more information about insurance coverage can be found on the following sites: