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Tesla Model 3 Insurance Rates

Comparing car insurance through online companies is simple to do and there is a good chance you can save money. The critical component is to get rates from all providers so you can get the cheapest rate quotes.

Using the web to shop for car insurance direct can be a challenge if you have never used online quoting. But relax because it's actually quite easy. There are several ways to compare quotes and find the best price. The recommended way to find competitive Model 3 insurance cost involves getting comparison quotes online. This can be accomplished by completing this short form.

Car insurance premiums paid to insure a Tesla Model 3 can fluctuate considerably subject to many criteria. Some of these factors include:

  • Traffic citations increase rates
  • Credit rating impacts rates
  • Your gender can raise or lower rates
  • Low deductibles cost more
  • Safety rating of your Model 3
  • Your occupation
  • Insurance coverage level
  • Whether you own your home

An additional factor that can impact Model 3 insurance rates is the year of the vehicle. Used vehicles cost less than newer models so the costs to repair can decrease annual premiums. Although newer models may have safety features included like adaptive cruise control, pedestrian detection, and lane departure warning system which may give discounted rates.

To get a better understanding how rates are influenced for your specific model year, select the year of your vehicle below.

Coverage for liability - Model 3 liability coverage protects you from damage that occurs to a person or their property. Liability can pay for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. This coverage is usually fairly inexpensive so you should buy as high a limit as you can afford.

Collision coverage - This coverage pays for damage to your Tesla from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage. This coverage can be expensive, so consider removing coverage from older vehicles. It's also possible to raise the deductible in order to get cheaper Model 3 insurance rates.

Comprehensive coverage (or Other than Collision) - This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage. The most you'll receive from a claim is the market value of your vehicle, so if the vehicle's value is low consider dropping full coverage.

Uninsured/Underinsured Motorist coverage - Your UM/UIM coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Insurance for medical payments - Med pay and PIP coverage reimburse you for short-term medical expenses such as nursing services, prosthetic devices, and dental work. They are used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage.

How Much are Tesla Model 3 Insurance Rates?