2018 Tesla Model 3 Insurance Rates – 10 Tips for Cheapest Quotes

Shoppers have options when shopping for low-cost Tesla Model 3 insurance. They can either waste time driving around to get rate comparisons or leverage the internet to get rate quotes.

There is a better way to find insurance coverage online and we’ll show you the absolute fastest way to price shop coverage for a Tesla and get the best price possible from local insurance agents and online providers.

If you are insured now or need new coverage, you can use this information to find the best rates while maintaining coverages. The purpose of this article is to teach you the most effective way to quote insurance. Consumers only need to know how to compare prices on the web.

How to buy insurance online

Most companies such as Allstate, GEICO and Progressive provide pricing on the web. The process is possible for anyone as you simply type in your coverage preferences as requested by the quote form. When the form is submitted, the system gets your driving record and credit report and provides a quote.

Quoting online makes it simple to compare prices but the work required to visit different websites and type in your information is a big time waster. Unfortunately, it is important to have as many quotes as possible in order to find a better rate.

A better way to find better insurance pricing requires only one form to obtain quotes from more than one company. It’s a real time-saver, eliminates form submissions, and makes price shopping online much more enjoyable and efficient. Immediately after submitting the form, your coverage is rated and you are able to buy any or none of the quote results.

If one or more price quotes are lower than your current rates, it’s easy to complete the application and purchase coverage. It just takes a couple of minutes and can result in significant savings.

If you want to find out how much you’re overpaying now, click here and enter your vehicle and coverage information. To compare your current rates, we recommend you input the insurance coverages as shown on your current policy. Doing this assures you will have rate comparison quotes for exact coverage.

Cheaper insurance coverage rates with discounts

Some insurers don’t always advertise all disounts in a way that’s easy to find, so we took the time to find a few of the more common in addition to some of the lesser obvious credits that may apply to you.

  • Discount for New Cars – Buying a new car instead of a used car can save you some money because new vehicles are generally safer.
  • Responsible Driver Discounts – Accident-free drivers could pay up to 40% less for Model 3 coverage than less cautious drivers.
  • Braking Control Discount – Cars with ABS and/or traction control can avoid accidents and earn discounts up to 10%.
  • Multi-policy Discount – If you have multiple policies with the same insurance company they may give you a discount of at least 10% off all policies.
  • Pay Now and Pay Less – By making one initial payment rather than paying in monthly installments you could save 5% or more.
  • Defensive Driver Discounts – Taking time to complete a course teaching driver safety skills may get you a small discount and easily pay for the cost of the class.
  • Discount for Swiching Early – A few insurance coverage companies offer discounts for renewing your policy early. It could save around 10% when you buy car insurance online.
  • Passive Restraint Discount – Options like air bags or automatic seat belts can receive discounts up to 30%.
  • Discounts for Multiple Vehicles – Drivers who insure primary and secondary vehicles with the same insurance coverage company can get a discount on all vehicles.
  • Claim-Free Discount – Drivers who don’t have accidents can earn big discounts compared to frequent claim filers.

We need to note that most credits do not apply to your bottom line cost. Most cut individual premiums such as medical payments or collision. Even though it may seem like you would end up receiving a 100% discount, you won’t be that lucky.

Popular insurance coverage companies and a selection of discounts include:

  • GEICO has discounts for driver training, multi-vehicle, defensive driver, anti-theft, seat belt use, multi-policy, and membership and employees.
  • MetLife discounts include good student, claim-free, good driver, multi-policy, and defensive driver.
  • Progressive offers premium reductions for continuous coverage, online signing, multi-policy, homeowner, multi-vehicle, and good student.
  • Travelers may offer discounts for good student, payment discounts, multi-car, home ownership, student away at school, hybrid/electric vehicle, and early quote.
  • SAFECO may have discounts that include bundle discounts, drive less, safe driver, accident prevention training, and teen safe driver.
  • AAA offers discounts including good student, good driver, anti-theft, multi-car, and AAA membership discount.

Before you buy a policy, ask every company what discounts are available to you. Depending on the company, some discounts might not be offered on policies in your area. To locate insurers that can offer you the previously mentioned discounts, follow this link.

Tailor your car insurance coverage to you

When choosing coverage, there isn’t really a best way to insure your cars. Your needs are not the same as everyone else’s.

For instance, these questions may help you determine if your situation might need professional guidance.

  • Am I covered when driving on a suspended license?
  • Why do I only qualify for high-risk insurance?
  • How can I find cheaper teen driver insurance?
  • Can I rate high risk drivers on liability-only vehicles?
  • Exactly who is provided coverage by my policy?
  • What is UM/UIM insurance?
  • Is business equipment covered while in my vehicle?
  • Do I need medical payments coverage since I have good health insurance?
  • Does my liability insurance cover pulling a trailer or camper?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Coverage specifics

Having a good grasp of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Coverage for liability

Liability coverage protects you from damage or injury you incur to a person or their property in an accident. This coverage protects you against claims from other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability can pay for things such as bail bonds, structural damage and court costs. How much liability should you purchase? That is up to you, but you should buy as much as you can afford.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and damage to your 2018 Tesla Model 3.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP pay for expenses for hospital visits, pain medications, chiropractic care, prosthetic devices and doctor visits. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers both the driver and occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverage

This coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like vandalism, fire damage, a broken windshield, a tree branch falling on your vehicle and falling objects. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision coverage protection

Collision insurance pays for damage to your Model 3 resulting from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like hitting a mailbox, rolling your car, driving through your garage door and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to choose a higher deductible to bring the cost down.

Shop Smart and Save

When getting car insurance quotes online, don’t be tempted to buy less coverage just to save a little money. In too many instances, someone sacrificed uninsured motorist or liability limits and discovered at claim time that the few dollars in savings costed them thousands. Your goal is to find the BEST coverage at the best price, but don’t skip important coverages to save money.

You just read quite a bit of information on how to reduce 2018 Tesla Model 3 insurance premium rates online. The key concept to understand is the more price quotes you have, the better your comparison will be. Drivers may discover the most savings is with the smaller companies.

Consumers who switch companies do it for many reasons like policy cancellation, being labeled a high risk driver, lack of trust in their agent and high prices. It doesn’t matter why you want to switch choosing a new insurance company is easier than you think.

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