2017 Tesla Model S Insurance Cost – 10 Tricks for Cheapest Prices

Are you confused by the wide range of insurance sources available to you? people have such a vast assortment of sources available that it is a lot of work to lower your rates.

If you are paying for car insurance now, you should be able to cut costs considerably using these tips. The purpose of this post is to help you learn how to get online quotes. Although drivers must know how the larger insurance companies price insurance differently and use this information to your advantage.

How to compare free insurance coverage rate quotes

There are a lot of ways to shop for insurance coverage, but there is one way that is less labor-intensive and much quicker. You can spend countless hours driving to agents in your area, or you can utilize online quotes to quickly compare rates.

Many popular insurance companies participate in a marketplace that enables customers to enter their policy data once, and each company can give them a price for coverage. This saves time by eliminating repetitive form submissions for each company.

To access this free quoting program, click here to open in new window.

The one disadvantage to doing it this way is you are unable to specify which insurance companies you want pricing from. So if you want to select from a list of companies to compare rates, we have assembled a list of low cost insurance coverage companies in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just be certain you are entering nearly identical information with every price quote. If you enter unequal deductibles or liability limits you will not be able to determine the lowest rate for your Tesla Model S. Quoting even small variations in insurance coverages could mean much higher rates. It’s important to know that comparing more quotes increases the change that you will find lower pricing. Some smaller insurers to not give prices over the internet, so it’s recommended that you also compare price estimates on coverage from those companies, too.

Insurance coverage policy discounts

Insurance can cost an arm and a leg, but there may be some discounts to reduce the price significantly. Certain credits will be shown at the time of quoting, but some discounts are required to be specifically requested before you will receive the discount. If they aren’t giving you every credit you deserve, you could be saving more on your insurance coverage.

  • No Charge for an Accident – This isn’t a discount exactly, but certain companies may permit one accident without getting socked with a rate hike if your claims history is clear for a set time period.
  • Own a Home and Save – Simply owning a home can earn you a little savings because it is proof of financial responsibility.
  • Theft Deterent – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems help deter theft and earn discounts up to 10% off your insurance coverage quote.
  • Senior Citizen Rates – Older drivers may receive reduced rates for Model S insurance.
  • Memberships – Affiliation with qualifying employment or professional organizations could earn you a nice discount on your bill.
  • Military Rewards – Being deployed with a military unit could trigger a small discount.
  • Discount for Multiple Policies – When you combine your homeowners and auto insurance and insure them both with the same insurance company they may give you a discount of at least 10 to 15 percent or more.
  • Seat Belts Save – Requiring all passengers to buckle up before driving can save up to 15% off PIP or medical payments premium.
  • Include Life Insurance and Save – Select insurance coverage companies reward you with better insurance coveragerates if you take out life insurance.
  • Sign Online – A few larger online companies will discount your bill up to fifty bucks for buying a policy and signing up on their website.

Consumers should know that many deductions do not apply to the entire cost. The majority will only reduce specific coverage prices like liability, collision or medical payments. Despite the fact that it seems like adding up those discounts means a free policy, nobody gets a free ride.

Some of the insurance companies that possibly offer these discounts include:

Before you buy a policy, ask each company which discounts can lower your rates. Savings might not be offered on policies everywhere. If you would like to choose from a list of providers offering insurance coverage discounts, click here to view.

How do I know if I need professional advice?

When choosing coverage, there is no perfect coverage plan. Every insured’s situation is different.

For instance, these questions may help you determine whether you will benefit from professional help.

  • What is covered by UM/UIM coverage?
  • What is the difference between comprehensive and collision coverage?
  • Do I have coverage when using my vehicle for my home business?
  • When should my teen driver be added to my policy?
  • Do I need roadside assistance coverage?
  • Is business property covered if stolen from my car?
  • What are the financial responsibility laws in my state?
  • Are all vehicle passengers covered by medical payments coverage?

If you’re not sure about those questions then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form.

Educate yourself about insurance coverages

Knowing the specifics of your policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Medical expense coverage

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like rehabilitation expenses, nursing services and ambulance fees. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state and may carry a deductible

Auto collision coverage

Collision coverage covers damage to your Model S from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like rolling your car, backing into a parked car, damaging your car on a curb and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to increase the deductible to bring the cost down.

Uninsured or underinsured coverage

This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your 2017 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.

Coverage for liability

This can cover damage that occurs to people or other property in an accident. This coverage protects you against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for claims such as repair costs for stationary objects, medical expenses, structural damage and loss of income. How much liability should you purchase? That is a decision to put some thought into, but you should buy higher limits if possible.

Comprehensive protection

This coverage pays to fix your vehicle from 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 claims like vandalism, hitting a bird, a broken windshield, a tree branch falling on your vehicle and damage from a tornado or hurricane. The highest amount your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.