2017 Tesla Model 3 Insurance Rates – 6 Ideas for Cheapest Quotes

Searching for cheaper auto insurance rates for your Tesla Model 3? I really doubt anyone is fond of buying auto insurance, especially knowing they could lower their rates if they shopped around.

Numerous insurance companies battle for your hard-earned dollar, and because of this it can be hard to compare insurance companies and get the best coverage at the best rate

How to get insurance quotes

All major insurance companies make it easy to get insurance quotes directly from their websites. Doing online price comparisons doesn’t take a lot of time as all you need to do is type in your coverage preferences into the quote form. After you complete the form, the quote system automatically retrieves reports for credit and driving violations and quotes a price. Online price quotes makes it easy to compare insurance prices but the time required to go to many different websites and complete many quote forms is a big time waster. But it’s necessary to do this if you want to get the lowest insurance rates.

The easy way to compare rates

A more efficient way to find better insurance pricing utilizes a single form to obtain quotes from a bunch of companies at once. This type of form saves time, eliminates repetitive work, and makes comparison shopping much more efficient. After sending the form, your coverage is rated and you can choose any or none of the quotes that you receive.

If the quotes result in lower rates, you simply finish the application and buy the new coverage. This process takes 15 minutes at the most and may save quite a bit of money.

To find out how much you can save on insurance, simply click here to open in new window and input your coverage information. If you currently have coverage, we recommend you type in as shown on your current policy. This guarantees you will have a rate comparison for the exact same coverage.

Car insurance advertising gotchas

Well-known car insurance companies like Progressive, Allstate and GEICO consistently run ads on television and other media. They all seem to say the same thing about savings just by moving your policy. How does every car insurance company claim to save you money? Just pay attention to how they say it.

All companies provide the lowest rates for a prospective insured that earns them the most money. A good example of this type of insured could be a female over age 40, owns their home, and drives less than 7,500 miles a year. Any driver who matches that profile will get very good auto insurance rates and therefore will pay quite a bit less when switching companies.

Consumers who are not a match for those criteria may be forced to pay a more expensive rate with the end result being business not being written. The wording the ads use say “drivers who switch” but not “all drivers who get quotes” can save as much as they claim. That is how insurance companies can confidently make the claims of big savings.

This really illustrates why drivers must compare quotes as often as possible. It is just not possible to predict with any certainty which company will be your best fit.

Do you qualify for discount car insurance?

Auto insurance companies do not advertise all available discounts in an easy-to-find place, so the list below contains both the well known and also the more inconspicuous ways to save on car insurance.

  • Drivers Ed for Students – Have your child take driver’s ed class if it’s offered in school.
  • College Student – Older children who are attending college and won’t have access to an insured vehicle may qualify for this discount.
  • Military Deployment Discount – Being deployed with a military unit can result in better premium rates.
  • Good Student Discount – Being a good student can get you a discount of up to 25%. The discount lasts until age 25.
  • Pay Upfront and Save – By making one initial payment rather than paying monthly you may reduce your total bill.
  • Claim-Free Discount – Insureds with no claims or accidents pay less when compared with bad drivers.

Please keep in mind that most discount credits are not given to all coverage premiums. Most only apply to specific coverage prices like comprehensive or collision. Even though it may seem like all those discounts means the company will pay you, you’re out of luck.

Insurance companies who might offer some of the above discounts include:

Double check with each company or agent to apply every possible discount. A few discounts may not be available in every state. To find car insurance companies with significant discounts, click here.

What insurance coverages do I need?

When it comes to buying coverage, there really is no one size fits all plan. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that might help in determining whether or not you would benefit from an agent’s advice.

  • Do I pay less if my vehicle is kept in my garage?
  • Can I get a multi-policy discount?
  • Are rental cars covered under my policy?
  • Am I covered when pulling a rental trailer?
  • How can I find cheaper teen driver insurance?
  • Is upholstery damage covered by car insurance?
  • Is a new car covered when I drive it off the dealer lot?
  • Is my teenager covered with friends in the car?
  • When would I need rental car insurance?
  • What if I total my 2017 Tesla Model 3 and owe more than it’s worth?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance companies in your area.

Car insurance coverage information

Knowing the specifics of a insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement. These are typical coverage types found on most insurance policies.

Collision insurance

Collision coverage pays for damage to your Model 3 caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as rolling your car, colliding with another moving vehicle and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. You can also choose a higher deductible to bring the cost down.

Comprehensive coverages

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things like damage from getting keyed, theft, damage from a tornado or hurricane and falling objects. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured and underinsured coverage

This gives you protection when the “other guys” either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Because many people 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. Normally these limits are set the same as your liablity limits.

Coverage for medical payments

Med pay and PIP coverage pay for short-term medical expenses like funeral costs, X-ray expenses and hospital visits. They are often utilized in addition to your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Auto liability

This coverage protects you from damage or injury you incur to other’s property or people in an accident. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for 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 limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for things such as structural damage, attorney fees, pain and suffering, repair bills for other people’s vehicles and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but you should buy higher limits if possible.

Make a quick buck

Lower-priced 2017 Tesla Model 3 insurance can be bought both online as well as from insurance agents, and you need to price shop both to get a complete price analysis. Some insurance companies do not offer rate quotes online and these small insurance companies sell through independent insurance agents.

We just presented some good ideas how to shop for 2017 Tesla Model 3 insurance online. The key concept to understand is the more companies you get auto insurance rates for, the better your comparison will be. You may be surprised to find that the lowest rates come from a smaller regional carrier. They may cover specific market segments cheaper than the large multi-state companies such as State Farm or Progressive.

Much more information about car insurance can be read at these links: