Find Better Tesla Auto Insurance Rates
Shopping for Tesla auto insurance? If you want to drive one of the most popular electric vehicles on the market today you need the right insurance coverage to protect your vehicle. It’s important to compare quotes for your Tesla model to ensure you get the lowest rates.
At ThinkInsure, we can help you find the right Tesla car insurance, from the right insurer. Whether you drive a Model 3, Model S, or any other, we will help you save.
About Tesla Car Insurance
Formerly Tesla Motors Inc., and now legally known as Tesla Inc., the company is an automotive and energy company based out of Palo Alto, California. The company was established in 2003, and is chaired by Elon Musk. The company name pays homage to Nikola Tesla. Today the company is ranked as the best-selling electric plug-in vehicle manufacturer.
To date, Tesla has sold over half a million vehicles. Sales continue to rise significantly. In 2018 alone, the company sold over 245,000 units. It represents approximately 20% of the total global electric car market.
The first Tesla store opened in 2012 in the Yorkdale Shopping Centre in Toronto. Currently, there are 10 Tesla stores in Canada (4 in the GTA). The manufacturer ranks at the top of bestselling electric cars. In fact, the Model 3 was the 8th bestselling sedan overall, selling 14,750 units sold.
How Much Does Tesla Car Insurance Cost?
Tesla car insurance premiums are slightly higher than the average rate. Drivers typically pay more for electric vehicles because they have a higher value, they cost more to repair, and have higher claims costs.
Insurance costs also vary based on the model you drive, vehicle features and other factors.
Get A Discount On Tesla Car Insurance
As a driver of a Tesla vehicle, you will qualify for what insurers call a green vehicle discount. Depending on your provider, you could save up to 10% on your car insurance policy just for driving an electric car. Learn more about insurance discounts.
Factors That Impact Tesla Auto Insurance Rates
Auto insurance premiums impacted by many factors, most of which affect all types of vehicles and drivers. They include :
- Where you live
- Vehicle usage
- Claims history
- Driving record
- Drivers age
- Policy type and coverage
- Insurance company
- How often you compare options