Lower Your 2010 Tesla Roadster Insurance Quotes

Are you burned out from sacrificing to pay high auto insurance rates every month? Your situation is no different than millions of other drivers. Due to the large number of different company options, it is hard for the average consumer to pick the lowest price auto insurance company.

Take policy discounts and save

Car insurance companies don’t always list every disount available in a way that’s easy to find, so the following list contains both the well known and the harder-to-find credits available to bring down your rates.

• Anti-theft System – Vehicles that have factory anti-theft systems can help prevent theft and earn discounts up to 10% off your insurance coverage quote.
• Low Mileage Discounts – Fewer annual miles on your Tesla can qualify you for slightly better prices than normal.
• College Student – Kids who are enrolled in a college that is more than 100 miles from home and leave their car at home may be insured at a cheaper rate.
• Sign Online – Certain insurance coverage companies will discount your bill up to fifty bucks for buying your policy on your computer.
• Accident Waiver – but certain companies will allow you to have one accident before raising your premiums with the catch being you have to be claim-free for a certain period of time.
• Multi-policy Discount – If you can combine your home and auto policy with the same company you could earn a discount of approximately 10% to 15%.
• Government Employees – Simply working for the federal government could provide a small rate reduction on Roadster insurance depending on your insurance coverage provider.
• Professional Memberships – Belonging to specific professional or occupational memberships or organizations can get you a small discount on your next renewal.
• Air Bag Discount – Vehicles with factory air bags or automatic seat belts can get savings of 20% or more.
• Seat Belt Discounts – Drivers who require all vehicle occupants to fasten their seat belts can save 10% or more off PIP or medical payments premium.

Keep in mind that some credits don’t apply to the entire cost. Some only reduce individual premiums such as liability, collision or medical payments. So even though you would think adding up those discounts means a free policy, nobody gets a free ride.

To view insurers that offer multiple discounts, click this link.

How to find low cost car insurance

Lowering your 2010 Tesla Roadster car insurance rates is surprisingly easy. All you need to do is take a couple of minutes getting comparison quotes provided by online insurance companies. Price comparisons can be done in several different ways.

Hands down the most simple method consumers can analyze rates is an all-inclusive rate comparison click here to open form in new window. This form keeps you from doing separate quote forms for every car insurance company. Taking the time to complete one form gets rate comparisons instantly.

Another way to get comparison quotes is to manually visit each individual company website to request a price quote. For sake of this example, let’s say you want rates from State Farm, 21st Century and Liberty Mutual. To do that, you would have to take the time to go to each site and repeatedly enter your information, which can take a lot of time.

For a list of links to insurance companies in your area, click here.

How you compare quotes is your choice, just do your best to use exactly the same coverage data on every quote you get. If the quotes have different values for each quote it’s not possible to determine the lowest rate for your Tesla Roadster.

Learn how to lower your insurance prices

When buying car insurance it’s important to understand the rating factors that go into determining the rates you pay for car insurance. When you understand what determines premiums, this empowers consumers to make smart changes that may reward you with big savings. Many different elements are part of the equation when pricing auto insurance. Some are pretty understandable like an MVR report, but other criteria are not quite as obvious like where you live or your vehicle rating.

The factors shown below are a partial list of the pieces companies use to determine prices.

• Deter theft and reduce rates – Buying a car with a theft deterrent system can save you a little every year. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent vehicle theft.
• Save money by having high credit – Having a bad credit rating is a big factor in determining what you pay. People that have very high credit ratings tend to be more responsible and file fewer claims than drivers with poor credit scores. If your credit can use some improvement, you could be paying less to insure your 2010 Tesla Roadster by improving your rating.
• Liability limits on your policy – A critical coverage on your policy, liability insurance is the protection if ever a court rules you are at fault for personal injury or accident damage. Liability insurance provides for a legal defense starting from day one. Liability insurance is pretty cheap as compared to coverage for physical damage, so do not cut corners here.
• Higher car insurance rates for demanding employers – Occupations like doctorspolice officers and emergency personnel tend to pay higher premium rates in part from job stress and extremely grueling work hours. Other careers like scientists, historians and the unemployed have the lowest average rates on Roadster insurance.

Which policy gives me the best coverage?

When choosing coverage, there is no one size fits all plan. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that might point out whether or not you might need professional guidance.

• Will my vehicle be repaired with OEM or aftermarket parts?
• How can I force my company to pay a claim?
• How does medical payments coverage work?
• At what point should I drop full coverage?
• Are rock chip repairs covered?
• Are rental cars covered under my policy?
• Do I need motorclub coverage?

If you’re not sure about those questions, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Do drivers who switch really save?

Consumers can’t get away from ads that promise big savings from the likes of Progressive, Geico, Allstate and State Farm. They all convey the message of big savings if you just switch your insurance coverage to their company.

How does each company make the same claim? This is the trick they use.

Insurance providers have an ideal profile for the right customer they prefer to insure. One example of a preferred risk might have to be a female over age 40, has had continuous coverage, and drives a car with an anti-theft system. A driver that fits those parameters will probably get cheap rates and will save a lot if they switch.

Potential insureds who do not match this stringent profile may be forced to pay higher prices which translates to business not being written. If you pay attention, the ads say “people that switch” not “everyone who quotes” save that much money. That is how companies can make the claims of big savings. Each company has different criteria, so drivers must get insurance coverage quotes from several different companies. It’s not possible to predict which insurance companies will give you lower premium rates than your current company.

Parts of your car insurance policy

Understanding the coverages of car insurance aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverage types offered by car insurance companies.

Comprehensive auto coverage – Comprehensive insurance covers damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as rock chips in glass, theft and damage from getting keyed. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision coverage – Collision coverage pays to fix your vehicle from damage resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like sideswiping another vehicle, backing into a parked car, sustaining damage from a pot hole, colliding with a tree and hitting a parking meter. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Liability insurance – This will cover damages or injuries you inflict on a person or their property. It protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability can pay for things such as attorney fees, repair bills for other people’s vehicles, loss of income and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but buy as large an amount as possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Tesla Roadster.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for things like ambulance fees, EMT expenses, doctor visits and X-ray expenses. They can be utilized in addition to your health insurance plan or if you do not have health coverage. Coverage applies to both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

A penny saved is a penny earned

We’ve covered quite a bit of information on how to get a better price on 2010 Tesla Roadster insurance. The key concept to understand is the more quotes you get, the higher the chance of saving money. You may even find the best premium rates are with a lesser-known regional company. Regional companies often have lower prices on specific markets compared to the large companies like Allstate, Geico and Progressive.

While you’re price shopping online, it’s very important that you do not reduce needed coverages to save money. There are a lot of situations where an insured dropped liability coverage limits to discover at claim time that they should have had better coverage. Your goal should be to find the BEST coverage at an affordable rate, but don’t skip important coverages to save money.

Additional insurance coverage information is located at these links:

• Preventing Carjacking and Theft (Insurance Information Insitute)
• Red Light Cameras (State Farm)
• Rental Reimbursement Coverage (Allstate)
• Collision Coverage (Liberty Mutual)