Lower Your 2014 Tesla Model S Car Insurance Quotes

I really doubt anyone looks forward to buying insurance coverage, especially when they know they could get a better deal. Many car insurance companies compete for your business, and it can be difficult to compare rates to get the best rate

If you have insurance now or need a new policy, you can use these techniques to find better prices and still get good coverage. Finding affordable coverage is quite easy. Drivers only need to know the most effective way to get comparison quotes on the web.

Don’t overlook these auto insurance discounts

Auto insurance is neither fun to buy or cheap, but discounts can save money and there are some available that you may not even know about. A few discounts will automatically apply at quote time, but some need to be manually applied before they will apply.

  • Discount for Multiple Policies – If you can combine your home and auto policy with one company you may earn nearly 15% which can help you find the cheapest car insurance.
  • Payment Method – If paying your policy premium upfront rather than paying in monthly installments you could save up to 5%.
  • Auto/Life Discount – Select companies reward you with a lower premium rate if you buy a life insurance policy as well.
  • Online Discount – Many insurance companies provide a small discount for buying your policy over the internet.
  • Federal Government Employee – Active or former government employment can save as much as 8% for Model S coverage with a few auto insurance companies.
  • Multi-Vehicle Discounts – Buying a policy with multiple vehicles on one policy could earn a price break for each car.

A little note about advertised discounts, most of the big mark downs will not be given to the entire policy premium. A few only apply to the cost of specific coverages such as medical payments or collision. So even though they make it sound like all those discounts means the company will pay you, you’re out of luck.

Larger auto insurance companies and some of their more popular discounts can be found below.

  • Farm Bureau has discounts for multi-policy, 55 and retired, renewal discount, safe driver, good student, and youthful driver.
  • Liberty Mutual may include discounts for newly married, preferred payment discount, new vehicle discount, hybrid vehicle, new move discount, and multi-policy.
  • State Farm has savings for multiple policy, multiple autos, passive restraint, accident-free, driver’s education, defensive driving training, and safe vehicle.
  • Auto-Owners Insurance may have discounts that include safe driver, good student, group or association, anti-theft, company car, teen driver, and paid in full.
  • GEICO includes discounts for anti-lock brakes, military active duty, air bags, anti-theft, membership and employees, and multi-vehicle.
  • SAFECO offers premium reductions for multi-car, safe driver, teen safe driver, drive less, and bundle discounts.

It’s a good idea to ask every prospective company which discounts can lower your rates. Discounts may not be offered in your area. To see a list of insurance companies offering auto insurance discounts, follow this link.

When to get professional advice

When choosing the best insurance coverage coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance needs to address that. Here are some questions about coverages that may help highlight whether your personal situation would benefit from professional advice.

  • Am I covered if I crash into my own garage door?
  • Are my tools covered if they get stolen from my vehicle?
  • Is there coverage for injuries to my pets?
  • What is the difference between comprehensive and collision coverage?
  • Should I put collision coverage on all my vehicles?
  • When should I buy a commercial auto policy?
  • Why am I be forced to buy a membership to get insurance from some companies?

If you don’t know the answers to these questions, then you may want to think about talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of insurance coverage companies in your area. It only takes a few minutes and can provide invaluable advice.

Coverages available on your policy

Understanding the coverages of your policy can be of help when determining appropriate coverage and proper limits and deductibles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverages found on the average auto insurance policy.

Auto collision coverage

This pays for damage to your Model S from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as sideswiping another vehicle, backing into a parked car, crashing into a ditch and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible to bring the cost down.

Liability coverages

Liability insurance provides protection from damage that occurs to other people or property in an accident. This coverage protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers claims like attorney fees, repair bills for other people’s vehicles and loss of income. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.

Comprehensive auto insurance

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like falling objects, damage from getting keyed and hitting a deer. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your Tesla Model S.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Most of the time the UM/UIM limits are set the same as your liablity limits.

Coverage for medical expenses

Med pay and PIP coverage kick in for bills such as doctor visits, X-ray expenses, nursing services and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

In any little way, save everyday

Some companies don’t offer the ability to get quotes online and many times these regional insurance providers work with independent agents. Lower-priced 2014 Tesla Model S insurance can be sourced online and also from your neighborhood agents, so you should be comparing quotes from both to have the best rate selection.

You just read some good ideas how to get a better price on 2014 Tesla Model S insurance. It’s most important to understand that the more rate quotes you have, the more likely it is that you will get a better rate. You may even find the best price on auto insurance is with some of the lesser-known companies. These companies may only write in your state and offer lower prices as compared to the big name companies such as State Farm, GEICO and Nationwide.

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Comments About 2014 Tesla Model S Insurance

  1. Robbi Walters

    If you don’t have tickets and live near Las Vegas, NV, check out Allstate. They seem to be cheaper. Good multi-policy discounts. I recommend comparing lots of rates.

  2. Collette Hardy

    Quoted with American Family for my 2014 Tesla Model S and am saving around $350 a year. Left Auto-Owners to switch. Ask about discounts.

  3. Cora Burgess

    Will GEICO cancel my policy for a liability claim?

  4. Whitney Russell

    I live just outside Bismarck, ND. Compared quite a few companies. Saved right around $40 a month. 21st Century was the most affordable for me. Online quotes are the way to go.

  5. Jamal Peters

    I live in a small town just outside of Tampa, FL. Got quotes with MetLife, Farmers, GEICO, and AIG Insurance for my Tesla and saved just over $410 a year. Thankfully I have a good driving record. I just quoted rates online.

  6. Tanna Bell

    Thought I’d throw in my experience. From Bismarck, North Dakota. Not sure of all the companies but I ended up saving about $40 each month.

  7. Philip Tyson

    GEICO is cheapest in North Dakota! :)

  8. Kasie Stephenson

    Got a quote with American Family for my 2014 Tesla Model S and am saving around $570 a year. Online quotes are the way to go.