Cheaper 2016 Tesla Model S Insurance Quotes

Searching for the cheapest auto insurance rates for your Tesla Model S? Cutting costs on Driversauto insurance can seem to be kind of frustrating for drivers who are new to comparison shopping online. With such a large choice of insurers to choose from, it can easily become a chore to find cheaper coverage rates.

How to lower your insurance coverage cost

Shopping for lower insurance coverage rates can be exhausting if you aren’t aware of the easiest way. You could waste time driving to agents in your area, or you could use the internet to get the quickest rates.

Many companies belong to an insurance system that allows shoppers to complete one form, and each company then gives them pricing determined by their information. This saves time by eliminating quote requests for each company. To find out how much you can save on insurance coverage click to open in new window.

The single downside to pricing coverage this way is that consumers can’t choose which carriers you will receive quotes from. So if you want to select specific providers to compare, we put together a list of the cheapest insurance coverage companies in your area. Click here to view list.

It doesn’t matter which method you choose, just try to use the exact same coverage information with each company. If you use different data it’s impossible to determine the lowest rate for your Tesla Model S. Just a small difference in coverages could skew the results. Just keep in mind that comparing all the rates in your area will enable you to find a lower rate than you’re paying now. Not every company provides online price quotes, so it’s recommended that you also compare price estimates from them, too.

Lower-cost auto insurance rates with discounts

Companies that sell car insurance don’t always publicize every discount they offer in a way that’s easy to find, so below is a list some of the more common and also the more inconspicuous credits available to you. If you do not check that you are getting every discount available, it’s possible you qualify for a lower rate.

Auto/Home Discount – When you have multiple policies and insure them both with the same insurance company they may give you a discount of up to 20% off your total premium.
Telematics Devices – Drivers who agree to allow their auto insurance company to analyze their driving habits by installing a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive might get better premium rates if they are good drivers.
Accident Forgiveness Coverage – but a few companies such as Liberty Mutual, Allstate and State Farm may permit one accident before hitting you with a surcharge if you are claim-free before the accident.
Driver Training Discounts – Participating in a class that teaches defensive driver techniques may get you a small discount and also improve your driving technique.
New Vehicle Savings – Buying a new car instead of a used car may earn a small discount because new vehicles have to meet stringent safety requirements.
Distant Student Discount – Kids who are enrolled in a college that is more than 100 miles from home and leave their car at home may be able to be covered for less.
Payment Discounts – If you pay your bill all at once rather than paying monthly you can actually save on your bill.

As a footnote on discounts, most discount credits are not given to the entire cost. Most only apply to individual premiums such as physical damage coverage or medical payments. So even though they make it sound like all those discounts means the company will pay you, auto insurance companies aren’t that generous. But all discounts will definitely lower your auto insurance premiums.

If you would like to see a list of companies that can offer you the previously mentioned discounts, follow this link.

Tailor your insurance coverage to you

When it comes to choosing adequate coverage for your vehicles, there really is not a perfect coverage plan. Everyone’s needs are different.

These are some specific questions can aid in determining whether you would benefit from professional advice.

How much liability coverage do I need in my state?
Is business equipment covered while in my vehicle?
Am I covered if hit by an uninsured driver?
Should I put collision coverage on all my vehicles?
If my 2016 Tesla Model S is totaled, can I afford another vehicle?
Are all vehicle passengers covered by medical payments coverage?
Am I covered if I drive in a foreign country?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, complete this form.

Car insurance coverage information

Knowing the specifics of car insurance can help you determine which coverages you need at the best deductibles and correct limits. Car insurance terms can be confusing and coverage can change by endorsement.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like vandalism, fire damage, hitting a deer, damage from a tornado or hurricane and a tree branch falling on your vehicle. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Insurance for medical payments

Coverage for medical payments and/or PIP pay for expenses like X-ray expenses, EMT expenses, ambulance fees and surgery. The coverages can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. It covers you and your occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

This coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries and damage to your 2016 Tesla Model S.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Coverage for collisions

This coverage pays for damage to your Model S from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like crashing into a ditch, sideswiping another vehicle and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Auto liability insurance

This coverage provides protection from damage that occurs to other’s property or people in an accident. It protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers claims such as structural damage, bail bonds and pain and suffering. The amount of liability coverage you purchase is your choice, but you should buy as large an amount as possible.