Lower Your 2015 Tesla Model S Car Insurance Rates

Trying to find lower insurance rates? Buyers have a choice when searching for the lowest priced Tesla Model S insurance. You can either spend your time calling around to compare prices or use the internet to find the lowest rates. There is a right way and a wrong way to shop for insurance so we’re going to tell you the proper way to compare rates for your Tesla and find the lowest possible price.

It’s a good idea to check insurance prices once or twice a year since insurance rates change frequently. Even if you think you had the lowest rates for Model S insurance a few years ago a different company probably has better rates today. You can find a lot of wrong information about insurance online, so by reading this article, you’re going to learn some of the best ways to put money back in your pocket.

Comprehensive Insurance Coverage Comparison Quotes

Most major insurance companies quote pricing online. The process is quite easy as you just type in your coverage information into a form. Once you submit the form, the company’s rating system will obtain credit information and your driving record and returns a price quote.

This streamlines rate comparisons, but the time required to go to different websites and complete many quote forms is monotonous and tiresome. But it’s absolutely necessary to have as many quotes as possible in order to get the best price on insurance coverage.

A less time-consuming method to locate the lowest prices makes use of a single form that gets prices from a bunch of companies at once. The form is fast, requires less work, and makes price shopping online much more enjoyable and efficient. As soon as the form is sent, it gets priced and you can select any of the returned quotes. If one or more price quotes are lower than your current rates, you can click and sign and purchase coverage. It can be completed in a matter of minutes and can result in significant savings.

To quickly compare rates using this form now, simply click here to open in new window and complete the simple form. If you currently have coverage, we recommend you input coverages and limits exactly as shown on your declarations page. Doing this assures you will have rate comparison quotes based on similar coverages.

Be sure to get all your discounts

Companies that sell car insurance don’t always publicize all their discounts in a way that’s easy to find, so we took the time to find some of the more common as well as the least known car insurance savings. If you aren’t receiving every discount possible, you are paying more than you should be.

Organization Discounts – Being a member of a professional or civic organization is a good way to get lower rates on your policy for Model S insurance.
Anti-lock Brake System – Cars that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
Good Student – Performing well in school can get you a discount of up to 25%. The discount lasts up to age 25.
Auto/Home Discount – If you insure your home and vehicles with the same company you may save approximately 10% to 15%.
Discount for Life Insurance – Some companies give a discount if you purchase life insurance.
Defensive Driver – Completing a defensive driving course can save you 5% or more and easily recoup the cost of the course.
Service Members Pay Less – Having a deployed family member could be rewarded with lower premiums.

A little note about advertised discounts, most credits do not apply to the entire cost. Some only reduce individual premiums such as medical payments or collision. So despite the fact that it appears having all the discounts means you get insurance for free, you won’t be that lucky.

To see a list of providers offering car insurance discounts, click here.

How do I know if I need professional advice?

When buying proper insurance coverage, there is no “perfect” insurance plan. Your needs are not the same as everyone else’s.

Here are some questions about coverages that can aid in determining if your situation will benefit from professional help.

Will I lose any money if I cancel my policy before it expires?
Should I waive the damage coverage when renting a car?
Does medical payments coverage apply to all occupants?
Why is insurance for a teen driver so high?
Are rock chip repairs covered?
Am I covered if hit by an uninsured driver?
Am I covered when renting a car or should I buy coverage from the car rental agency?
What if I owe more than I can insure my car for?
Should I get collision insurance on every vehicle?
Do I have coverage if my license is suspended?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form. It’s fast, free and you can get the answers you need.

Auto insurance 101

Learning about specific coverages of insurance can help you determine appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Liability coverages

Liability coverage will cover damages or injuries you inflict on people or other property by causing an accident. This coverage protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against things such as court costs, attorney fees, medical expenses, repair costs for stationary objects and loss of income. How much liability should you purchase? That is up to you, but consider buying higher limits if possible.

Comprehensive coverages

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like fire damage, theft, hitting a bird, a tree branch falling on your vehicle and falling objects. The most a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for expenses for things like X-ray expenses, funeral costs and hospital visits. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

Collision coverage covers damage to your Model S resulting from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like crashing into a building, hitting a parking meter, scraping a guard rail, crashing into a ditch and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Uninsured and underinsured coverage

This protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your Tesla Model S.

Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.