2012 Tesla Model S Insurance Quotes

Are you intimidated by the dozens of auto insurance companies? You have a lot of company. People have so many options that it can easily become a real hassle to find the lowest price.

Lots of discounts mean lots of savings

Auto insurance companies don’t always advertise all their discounts in an easy-to-find place, so the following is a list of some of the more common and the more hidden savings tricks you should be using.

  • Passive Restraint Discount – Factory air bags can qualify for discounts up to 30%.
  • Resident Student – Children who live away from home without a vehicle on campus can receive lower rates.
  • Drivers Ed for Students – Have your child successfully complete driver’s ed class in high school.
  • Good Student Discount – Performing well in school can get you a discount of up to 25%. Earning this discount can benefit you up to age 25.
  • Multiple Cars – Buying coverage for all your vehicles on one policy could earn a price break for each car.

Keep in mind that most discount credits are not given the the whole policy. Most cut specific coverage prices like comp or med pay. So despite the fact that it appears you could get a free car insurance policy, companies don’t profit that way.

For a list of providers with discount car insurance rates, click here to view.

Situations that might require an agent

When buying proper insurance coverage for your vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs.

These are some specific questions can aid in determining if your situation would benefit from an agent’s advice.

  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Are there companies who specialize in insuring high-risk drivers?
  • Is other people’s property covered if stolen from my vehicle?
  • Does my personal policy cover me when driving out-of-state?
  • How much liability insurance is required?
  • When does my teenage driver need to be added to my policy?
  • Should I drop comprehensive coverage on older vehicles?
  • Am I covered when driving someone else’s vehicle?

If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form.

Don’t be fooled by advertising claims

Auto insurance companies such as Allstate, Geico and Progressive consistently run ads on television and other media. They all seem to say the same thing that you’ll save big if you change to their company. How do they all claim to save you money?

Insurance companies have a certain “appetite” for the driver they prefer to insure. For example, a driver they prefer could possibly be over the age of 50, insures multiple vehicles, and drives less than 10,000 miles a year. A driver who matches those parameters will qualify for the lowest rates and as a result will probably cut their rates substantially.

Potential customers who do not match the “perfect” profile must pay a more expensive rate and ends up with business going elsewhere. The ads state “people who switch” not “people who quote” save money. This is how companies can truthfully advertise the savings. This illustrates why drivers must compare as many rates as you can. You cannot predict which company will fit your personal profile best.

Insurance coverages 101

Knowing the specifics of your policy aids in choosing the right coverages for your vehicles. Insurance terms can be difficult to understand and coverage can change by endorsement.

Collision coverages – Collision insurance covers damage to your Model S caused by collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like rolling your car, sideswiping another vehicle, driving through your garage door and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to increase the deductible to save money on collision insurance.

Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your 2012 Tesla Model S.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Insurance for medical payments – Med pay and PIP coverage provide coverage for immediate expenses such as surgery, chiropractic care, prosthetic devices and hospital visits. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as a broken windshield, hitting a deer, rock chips in glass and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for liability – Liability coverage protects you from damage that occurs to other people or property that is your fault. This insurance protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability coverage pays for things like repair costs for stationary objects, attorney fees, structural damage and funeral expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Feed the piggy bank

We just covered a lot of tips how to reduce 2012 Tesla Model S insurance prices online. It’s most important to understand that the more price quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest rates come from a smaller regional carrier.

When buying insurance coverage, never reduce needed coverages to save money. Too many times, an insured dropped comprehensive coverage or liability limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy the best coverage you can find for the lowest price, not the least amount of coverage.

The cheapest insurance is possible online and also from your neighborhood agents, so compare prices from both so you have a total pricing picture. A few companies may not provide the ability to get a quote online and these small insurance companies work with independent agents.

More detailed insurance information can be found at these sites: