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Tesla Roadster Insurance Cost

You have many choices when shopping for car insurance for your Tesla vehicle. You can buy from a local agent or get quotes online to compare pricing from insurance carriers. Shopping for car insurance by getting online quotes saves time, is easy to do, in addition you might just save a little.

Comparing car insurance rates direct online can be complicated if you are a beginner to quoting online. But relax because comparing prices is actually very simple. When shopping for car insurance there are multiple ways to compare rate quotes from car insurance companies in your area. By far the easiest way to find the lowest Roadster insurance rates consists of shopping online. This is very easy and can be done by visiting this page.

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Criteria which help determine car insurance premiums

Auto insurance rates paid to insure a Tesla Roadster can be significantly different and are calculated by many factors. A few of these criteria are:

  • High performance increases premiums
  • How many accidents you have had
  • Whether you insure your home with the same company
  • How you use your vehicle
  • Optional coverages like vehicle replacement
  • What you do for a living
  • The amount of protection requested
  • Owning a home can lower rates

A final factor that will help determine Roadster insurance cost is the model year. Older cars and trucks have a much lower replacement value in comparison to older models so the costs to repair may end up costing you less. But new Tesla models may have a trim level with safety features including adaptive headlights, blind-spot warning system, and a rollover prevention system that may help provide discounts that lower premiums.

To get more specific information about how much rates will be for your vehicle, select the year of your Roadster from the following list.

Liability

This provides protection from injuries or damage you cause to a person or their property by causing an accident. Liability coverage protects against claims such as funeral expenses, loss of income, and emergency aid. It is cheap coverage so consider buying as large an amount as possible.

Collision insurance

Collision coverage pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Comprehensive or Other Than Collision

This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by your Tesla Roadster comprehensive insurance. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection when the "other guys" either have no liability insurance or not enough. Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Medical costs insurance

Medical payments and Personal Injury Protection insurance kick in for bills (i.e. ambulance fees, surgery, and doctor visits). The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. PIP coverage is not universally available but can be used in place of medical payments coverage.

How Much are Tesla Roadster Insurance Rates?