How Much Does 2010 Tesla Roadster Insurance Cost?

Want the cheapest auto insurance rates for your Tesla Roadster? Sick and tired of trying to scrape together enough money to pay your car insurance bill each month? You are no different than most other car owners.

Drivers have multiple auto insurance companies to choose from, and though it is a good thing to have multiple companies, it can be more difficult to locate the cheapest rates.

You should make it a habit to check auto insurance prices at least once a year since rates are adjusted regularly by insurance companies. If you had the best deal for Roadster insurance last year there may be better deals available now. There is a lot of bad information regarding auto insurance on the internet, so we’re going to give you some guaranteed methods to reduce your auto insurance bill.

How to Lower Your Car Insurance Cost

There are several ways to compare quotes and find the best price. The easiest way to compare 2010 Tesla Roadster insurance prices is to perform an online rate comparison. This can be accomplished in several different ways.

  1. The easiest and least time consuming way to find low rates is an all-inclusive rate comparison (click to open form in new window). This form saves time by eliminating multiple quote forms for each company. Taking the time to complete one form compares rates from all major companies.
  2. A harder way to compare rate quotes is to manually visit each company’s website and request a quote. For sake of this example, let’s say you want comparison quotes from Auto-Owners, Esurance and Progressive. To find out each rate you need to visit each site to enter your coverage information, and that’s why the first method is more popular.

    To view a list of companies in your area, click here.

  3. The least efficient way of getting rate comparisons is driving to different agent offices. Buying insurance online eliminates the need for an insurance agent unless you prefer the trained guidance that only a license agent can provide. Drivers can compare the best prices online but buy from a local insurance agent and you’ll learn how to do that later.

Whichever way you use, make darn sure you compare the exact same coverage limits and deductibles for each comparison quote. If your comparisons have mixed coverages it’s impossible to make a fair comparison for your Tesla Roadster. Having just a slight variation in coverage limits can mean a large discrepancy in price. And when price shopping your coverage, more quotes helps you find the best offered rates.

How to reduce 2010 Tesla Roadster insurance rates

Auto insurance companies do not advertise all their discounts in a way that’s easy to find, so we researched some of the more common as well as the least known discounts you could be receiving.

  • Early Switch Discount – A few companies offer discounts for buying a policy before your current policy expires. It’s a savings of about 10%.
  • Auto/Life Discount – Select insurance companies reward you with lower rates if you buy a life insurance policy as well.
  • Good Student – A discount for being a good student can get you a discount of up to 25%. The good student discount can last up until you turn 25.
  • Defensive Driving Course – Successfully completing a driver safety course could save 5% or more if your company offers it.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes can avoid accidents and therefore earn up to a 10% discount.
  • Payment Method – If you pay your bill all at once instead of paying each month you could save up to 5%.
  • Multiple Vehicles – Buying insurance for multiple vehicles on one policy may reduce the rate for each vehicle.
  • 55 and Retired – If you’re over the age of 55, you may qualify for a small decrease in premiums for Roadster insurance.

It’s important to understand that some credits don’t apply to all coverage premiums. Most only apply to specific coverage prices like liability and collision coverage. So when the math indicates you would end up receiving a 100% discount, it doesn’t quite work that way.

Companies that possibly offer some of the above discounts are:

Before buying, ask every prospective company what discounts are available to you. Savings might not apply in your state.

Tesla Roadster insurance premiums are calculated by many factors

Smart consumers have a good feel for the factors that help determine the rates you pay for car insurance. When you know what positively or negatively controls the rates you pay empowers consumers to make smart changes that may reward you with big savings.

The following are a few of the “ingredients” used by your company to calculate rates.

  • Traffic citations inflate rates – Your driving citation history has a huge affect on how much you pay. Just one moving violation can bump up the cost forty percent or more. Drivers who don’t get tickets tend to pay less for car insurance compared to drivers with tickets. Drivers who have flagrant citations like DUI or reckless driving may need to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to keep their license.
  • Men pay higher rates – Statistics demonstrate that women are safer drivers than men. However, don’t assume that women are better drivers. They both cause accidents in similar numbers, but the male of the species cause more damage and cost insurance companies more money. Men also tend to get cited for more serious violations like reckless driving and DUI.
  • Rates may be lower depending on your job – Did you know your car insurance rates can be affected by your occupation? Occupations such as judges, executives and stock brokers tend to have the highest rates attributed to high stress and lots of time spent at work. On the other hand, occupations like actors, students and performers receive lower rates for Roadster insurance.
  • Where you live – Living in a rural area has it’s advantages when buying car insurance. Fewer drivers means fewer accidents. Urban drivers tend to have congested traffic and a longer drive to work. Longer commute distances can result in more accidents.
  • Multi-policy discounts can save money – Some insurance companies will give a discount to customers who consolidate policies with them, otherwise known as a multi-policy discount. Even if you’re getting this discount you may still want to shop around to confirm you are receiving the best rates possible.

Tailor your coverage to you

When buying the best insurance coverage coverage, there really is not a single plan that fits everyone. Everyone’s situation is unique so this has to be addressed. For instance, these questions can help discover if your insurance needs might need an agent’s assistance.

  • When would I need additional glass coverage?
  • Is motorclub coverage worth it?
  • Are my friends covered when driving my 2010 Tesla Roadster?
  • How high should my medical payments coverage be?
  • Why is insurance for a teen driver so high?
  • When do I need to add a new car to my policy?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Can I get a multi-policy discount for packaging my home and auto coverage?

If it’s difficult to answer those questions, you may need to chat with an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of insurance coverage companies in your area.

Are you falling for claims of savings?

Insurance companies such as State Farm, Allstate and GEICO regularly use ads on television and other media. They all seem to have a common claim that you’ll save big if you move to their company. How do they all say the same thing?

Different companies can use profiling for the type of driver they prefer to insure. For example, a profitable customer could be between the ages of 40 and 55, insures multiple vehicles, and drives less than 10,000 miles a year. A driver that hits that “sweet spot” will get the preferred rates and as a result will probably save when they switch companies.

Drivers who fall outside this ideal profile will have to pay higher premiums and this can result in the customer not buying. Company advertisements say “people who switch” not “everybody who quotes” save that much money. That’s the way companies can make the claims of big savings. Because of the profiling, you absolutely need to get as many quotes as possible. It’s not possible to predict which insurance company will fit your personal profile best.

Learn about insurance coverages for a Tesla Roadster

Learning about specific coverages of your policy can help you determine the right coverages and proper limits and deductibles. Policy terminology can be confusing and nobody wants to actually read their policy. Shown next are the usual coverages offered by insurance companies.

Auto liability

Liability insurance can cover damages or injuries you inflict on a person or their property. This insurance protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability coverage pays for things such as bail bonds, structural damage, funeral expenses, emergency aid and medical expenses. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance pay for expenses for pain medications, EMT expenses and chiropractic care. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Tesla Roadster.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Comprehensive coverage (or Other than Collision)

This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like theft, damage from getting keyed, damage from a tornado or hurricane and damage from flooding. The maximum amount your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Auto collision coverage

Collision insurance pays for damage to your Roadster resulting from a collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like crashing into a ditch, colliding with another moving vehicle and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Find Good Coverage for Less

We just showed you a lot of tips how to reduce 2010 Tesla Roadster insurance prices online. It’s most important to understand that the more providers you compare, the better your chances of lowering your rates. You may even discover the lowest priced insurance comes from a lesser-known regional company. These smaller insurers often have lower prices on specific markets than the large multi-state companies such as State Farm or Progressive.

Lower-priced insurance is attainable from both online companies and also from your neighborhood agents, and you should be comparing both to have the best selection. A few companies may not provide online price quotes and usually these smaller companies provide coverage only through local independent agents.

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