View 2015 Tesla Model S Insurance Rates

Are you frustrated by the number of auto insurance sources? You have such a vast assortment of sources available that it can easily become a real difficult job to find the lowest price.

How to get free insurance coverage quotes online

When comparison shopping, there are several ways of comparing rate quotes from local insurance coverage companies. The easiest way to compare rates involves getting comparison quotes online. It’s really quite simple and can be done in several different ways.

  • If you’re in a hurry, the quickest way consumers can make multiple comparisons is an all-inclusive rate comparison (click to open form in new window). This form eliminates the need for repetitive form entry for every insurance coverage company. One simple form gets you coverage quotes instantly. Just one form and you’re done.
  • A different way to find more affordable insurance is to take the time to go to the website for each individual company and repeat the quote process. For examples sake, let’s assume you want to view quotes from USAA, Farmers and GEICO. In order to get each rate, you would have to spend time going to each site individually to input your insurance information, which can take a lot of time. For a list of links to insurance companies in your area, click here.

You can use whichever method you prefer to find lower rates, just be certain you are entering nearly identical information with each company. If you have different coverage information it’s impossible to make an equal comparison. Quoting even small variations in coverages may result in a large different in cost. Just keep in mind that getting more free quotes increases the change that you will find the best rates. Not every company allows you to get rate quotes online, so it’s important to compare price estimates from them, too.

Earn discounts on insurance coverage

Insuring your vehicles can cost a lot, but discounts can save money and there are some available to help offset the cost. Most are applied at the time of quoting, but some must be inquired about prior to getting the savings. If they aren’t giving you every credit possible, you are just wasting money.

  • Telematics Devices – Insureds who allow data collection to spy on where and when they drive by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm may see discounts if they are good drivers.
  • Defensive Driver – Taking part in a course that instructs on driving safety could earn you a small percentage discount and make you a better driver.
  • Bundled Policy Discount – If you have multiple policies and place coverage with the same company you could get a discount of up to 20% and get you cheap auto insurance.
  • Service Members Pay Less – Having a deployed family member may lower your rates slightly.
  • Anti-lock Brake System – Cars, trucks, and SUVs that have steering control and anti-lock brakes can reduce accidents and qualify for as much as a 10% discount.
  • Government Employees – Active or retired federal employment may qualify for a discount when you quote auto insurance for Model S coverage with some insurance coverage companies.
  • Accident Forgiveness – Not really a discount, but certain companies allow you one accident before your rates go up as long as you don’t have any claims prior to the accident.
  • Professional Memberships – Being in certain professional organizations could earn you a nice discount on your bill.

Consumers should know that some credits don’t apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. Just because it seems like you can get free auto insurance, companies wouldn’t make money that way.

A few of the larger companies and some of the premium reductions they offer can be read below.

  • Farmers Insurance has discounts for switch companies, bundle discounts, alternative fuel, good student, multi-car, pay in full, and homeowner.
  • State Farm offers premium reductions for passive restraint, driver’s education, good driver, student away at school, and accident-free.
  • Liberty Mutual offers discounts including new move discount, newly retired, new graduate, newly married, teen driver discount, and multi-car.
  • MetLife may have discounts that include good driver, defensive driver, claim-free, multi-policy, good student, and accident-free.
  • Progressive has savings for online signing, multi-policy, good student, homeowner, multi-vehicle, and continuous coverage.

Before buying, ask every insurance company to give you their best rates. Depending on the company, some discounts may not apply to policyholders in your area. To locate insurance coverage companies who offer cheap insurance coverage quotes, click here.

Tailor your car insurance coverage to you

When it comes to choosing the best car insurance coverage, there really is not a one size fits all plan. Your needs are not the same as everyone else’s.

For instance, these questions can help discover whether your personal situation might need an agent’s assistance.

  • Is my Tesla Model S covered if I use it for business?
  • Am I covered when driving in Canada or Mexico?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Am I getting all the discounts available?
  • Am I covered if hit by an uninsured driver?
  • Which is better, split liability limits or combined limits?

If you can’t answer these questions then you might want to talk to a licensed agent. If you don’t have a local agent, complete this form.

Auto insurance specifics

Understanding the coverages of your auto insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

Comprehensive or Other Than Collision

Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like hitting a bird, hail damage, damage from a tornado or hurricane, rock chips in glass and a tree branch falling on your vehicle. The maximum amount your auto insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability auto insurance

This coverage protects you from damages or injuries you inflict on other people or property that is your fault. This coverage protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for things like repair costs for stationary objects, legal defense fees, loss of income, pain and suffering and medical services. How much liability should you purchase? That is up to you, but buy as much as you can afford.

Auto collision coverage

This coverage covers damage to your Model S caused by collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as scraping a guard rail, hitting a parking meter, hitting a mailbox and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to increase the deductible in order to get cheaper collision rates.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like ambulance fees, X-ray expenses, dental work, rehabilitation expenses and doctor visits. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP is not universally available and may carry a deductible

UM/UIM Coverage

This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your 2015 Tesla Model S.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Normally these coverages are identical to your policy’s liability coverage.

Comments About 2015 Tesla Model S Insurance

  1. Gilberto Fisher

    Will Allstate cancel me for an at-fault accident?

  2. Alethia Benson

    If you’re a decent driver and are close to Manchester, NH, check out 21st Century. They seem to be cheaper. I recommend comparing lots of rates.

  3. Wallace Long

    Compared auto insurance prices with Allstate and GEICO but still not cheap enough.

  4. Priscila Byrd

    Hope my car insurance gets cheaper. From northwest of Wilmington, Delaware. Received quotes from Auto-Owners, Safeco, and a few others for my 2015 Tesla Model S and saved just over $330 a year. Moved home policy as well.

  5. Melisa Pacheco

    What is Underinsured Motorist coverage?

  6. Janelle Stephenson

    I went with Allstate at renewal. Best rates in Warwick, RI. I have a couple other vehicles on the policy. I got a quote from their website.

  7. Karon Roy

    I’m in Cleveland, Ohio, and GEICO rates were affordable. My new agent seems to be really good. They were helpful in switching over.

  8. Chadwick Blackburn

    Found cheapest coverage with Travelers for my Model S and am saving around $90 a year. Not sure if rates are cheaper online or not.

  9. Andria Thompson

    Cheap is relative. I’m in the west part of Greensboro, NC. I compared lots of rates. Saved darn near $30 a month. Progressive was the cheapest option for me.

  10. Allyson Sears

    Well-written and thought out article. I live just outside Las Cruces, NM. Quoted quotes from AIG Insurance, Mercury, and Travelers for my Model S and I’m now saving $57 a month. Insured with Safeco before.

  11. Otis Black

    I’m just west of Denver, CO. Quoted a bunch of companies. Saved roughly $50 a month. Progressive was the best choice for me.