High Class Tesla Cars

According to an article by Cars Direct, Tesla's insurance policies are generally considered more affordable than those for traditional cars.

However, the costs can vary greatly depending on the model and location. Generally, sedan models tend to be the cheapest, followed by the more expensive SUVs. In addition, there are various discounts and incentives available that can help lower the overall cost of insurance.

Tesla offers two different types of insurance policies. The Basic Autopilot Insurance covers the collisions with other cars or objects while using the automated driving feature. This coverage is provided by Liberty Mutual and is available in most states.

The Enhanced Autopilot Insurance provides extended coverage including fire, flood, theft, and repairs caused by sudden events.

Location also plays an important role in determining the cost of Tesla's insurance policies. In states with a higher population and more urban areas, premiums on the sedan models tend to be higher.

On the other hand, areas with a smaller population and more rural roads often have lower rates. Some states also provide discounts and incentives for electric car owners.

Claims Cars Revenue

Overall, Tesla's insurance policies seem to be competitively priced and offer a broad range of coverage, including some additional benefits for owners of electric cars.

However, certain factors such as the model and location can impact the final cost. Tesla also provides additional resources to people who are unsure about the best insurance option for their car.

Tesla cars are among the most technologically advanced cars on the road today, thanks to their countless features, intuitive controls, and advanced safety systems. But with all of this technology comes the potential for higher insurance premiums.

If you own a Tesla or are considering one for your next car purchase, here is what you need to know about insuring the electric vehicle.

Tesla Insurance Rates

Tesla vehicles tend to carry higher insurance cost than most other vehicles due to their onboard technology, performance, and specific features.

While the exact premiums depend on numerous factors including a driver’s age, driving record, credit score, and location, an independent study of insurance quotes by Insure.com showed average rates of up to 20 percent higher than rates for comparable models.

Of course, Tesla’s vehicles also come with many driver-assist features, such as Autosteer, and advanced safety packages, which could qualify drivers for additional discounts — up to 15 percent on their car insurance in some cases — depending on the insurer.

Tesla Car Insurance Discounts

Tesla drivers may benefit from additional discounts offered by some insurers, usually based on a vehicle’s safety rating. These discounts can be particularly helpful for young drivers or those living in high-traffic areas.

Another potential benefit of Tesla ownership is reduced repair costs, due to the company’s somewhat unique vehicle architecture. Unlike most automobiles, which rely on an internal combustion engine (ICE) to power the vehicle, Tesla cars are electric and are designed from the ground up to be more reliable and cost effective to repair.

Tesla Insurance Options

Tesla also has their own insurance offering, which was launched in August 2019 in California. The coverage, managed through an app, is designed to provide comprehensive coverage with transparent pricing.

According to Tesla, their insurance offering has rates as much as 20 percent lower than conventional auto insurance, based on the region and the driver. The coverage can be bought online or through the Tesla app and customers can also opt for enhanced coverage for covered incidents, such as theft, fire, and roadside assistance.

In conclusion

Tesla cars may carry higher premiums than other cars, but they also come with plenty of technology and safety features that could earn you discounts. In addition, Tesla also offers its own insurance program, which can provide coverage at more competitive prices than conventional insurance companies.

Be sure to check out all of your options before buying a policy and don’t forget to factor in your location, driving record, and credit score when shopping for insurance.


As with any vehicle, the cost to insure a Tesla will depend on a variety of factors such as the make and model of the car as well as the driver’s driving record and age. Generally, higher risk factors will increase the cost of the insurance policy.

In addition, Tesla cars usually cost more to insure than an average car due to their expensive replacement parts and repair cost. Alongside with the high cost of insurance, Tesla cars may also require higher rates for liability insurance as well as greater coverage for comprehensive and collision insurance.

However, there are many ways to save money on insurance for your Tesla. Many insurance companies offer discounts for safe drivers,

use of anti-theft devices, and bundling policies for multiple vehicles. Some insurers, such as State Farm, even offer a discount for electric vehicles. It’s worth shopping around to find the best deal on insurance for your Tesla.

While Tesla cars are usually quite expensive to insure, there are a few things that could help reduce the cost.

Installing anti-theft devices and keeping a clean driving record can help keep premiums down. Additionally, some insurers offer discounts for seasoned drivers and those who only drive during off-peak times. Taking advantage of these opportunities can save you money on insurance for your Tesla.