In response to Client Stories, the most affordable Tesla car, the Mannequin 3, will price you extra to insure than most gasoline-powered automobiles in the marketplace. The common insurance coverage price for a Tesla Mannequin 3 is $318 extra to cowl than the gas-powered Audi A4 (through Client Stories). The truth is, you’ll pay extra insurance coverage premiums for a Tesla Mannequin 3 than you’ll for Toyota Prius or a Chevrolet Bolt. Even a Ford F-150 Lightning and a Mustang Mach-E could be cheaper to cowl than a Tesla Mannequin 3 (through Get Jerry).
To place it into perspective, Tesla is the most costly automobile model to insure after Maserati, as calculated by Client Stories. Nevertheless, the insurance coverage premiums should not written in stone they usually can differ relying in your age, state, insurance coverage firm, or particular Tesla mannequin.
The Tesla insurance coverage is essentially the most reasonably priced cowl if you happen to personal a Tesla because it’s cheaper in comparison with different insurance coverage firms (through Worth Penguin). It additionally does not consider your age, gender, or accident historical past to appraise your insurance coverage premium. As an alternative, it makes use of your security rating based mostly in your driving patterns. The decrease your rating, the upper your Tesla insurance coverage premium.
In the mean time, Tesla insurance coverage insurance policies can’t be bought in all 50 states. Nonetheless, you would think about different reasonably priced insurance coverage insurance policies from State Farm, Nationwide, Vacationers, and USAA.