Cheaper 2014 Tesla Model S Car Insurance Rates

Looking for the cheapest auto insurance rates for your Tesla Model S? Are you drained from paying out the nose to keep your car insured? You have the same problem as many other drivers.

Insurance companies such as Allstate, Liberty Mutual and State Farm continually hit you with advertising and it is difficult to see past the geckos and flying pigs and take the time to shop coverage around.

It’s smart to check auto insurance prices before your next renewal because insurance rates are constantly changing. If you had the lowest rate on Model S insurance a few years ago there is a good chance you can find better prices now. Don’t believe everything you read about auto insurance online but in a few minutes you can learn the easiest ways to reduce your auto insurance bill.

If you are paying for car insurance now, you will be able to save some money using this strategy. Choosing the best insurance company for you is not that difficult. But car owners do need to learn how the larger insurance companies price online insurance and take advantage of how the system works.

The quickest way to compare insurance rates from multiple companies is to know most insurance companies provide online access to give you rate quotes. To get started, all you need to do is provide details like types of safety features, an estimate of your credit level, your education level, and if you’re married. That information is sent automatically to all major companies and they return cost estimate instantly.

To find lower rates now, click here and enter your coverage details.

Special considerations

When it comes to choosing adequate coverage for your personal vehicles, there is no “best” method to buy coverage. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions may help highlight if your situation would benefit from an agent’s advice.

  • Can I still get insurance after a DUI?
  • Is a fancy paint job covered?
  • When does my teenage driver need to be added to my policy?
  • Is my Tesla Model S covered if I use it for business?
  • How much liability coverage do I need in my state?
  • Am I covered if my car is in a flood?
  • Is my trailer covered?
  • Do I need rental car coverage?

If it’s difficult to answer those questions, you might consider talking to an agent. To find lower rates from a local agent, complete this form or click here for a list of auto insurance companies in your area.

Car insurance 101

Understanding the coverages of your insurance policy helps when choosing which coverages you need and proper limits and deductibles. Insurance terms can be ambiguous and nobody wants to actually read their policy. Shown next are the normal coverages found on the average insurance policy.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like surgery, nursing services, ambulance fees, EMT expenses and doctor visits. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Liability coverage – This protects you from damages or injuries you inflict on other people or property. It protects YOU from claims by other people. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 100/300/100 which stand for $100,000 bodily injury coverage, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers things such as court costs, repair costs for stationary objects, 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 as large an amount as possible.

Collision coverages – Collision insurance pays for damage to your Model S resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like colliding with a tree, crashing into a ditch, driving through your garage door and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible to bring the cost down.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your Tesla Model S.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Comprehensive or Other Than Collision – Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as damage from getting keyed, damage from a tornado or hurricane and theft. The most your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.