View 2014 Tesla Model S Insurance Quotes

Paying for high-priced Tesla Model S insurance can take a big chunk out of your savings account and force you to prioritize other expenses. Comparison shopping is free and is an excellent way to cut your insurance bill. You have multiple auto insurance companies to insure vehicles with, and even though it’s nice to be able to choose, it can be more challenging to find the lowest cost provider.

It’s a great practice to do rate comparisons periodically because rates change frequently. Just because you had the lowest price on Model S insurance on your last policy you can probably find a lower rate today. You can find a lot of wrong information about insurance coverage on the web, but I’m going to show you a lot of great tips on how to quit paying high insurance coverage rates.

Finding the best rates is not that difficult. If you have insurance now or need a new policy, you can use these tips to find better prices and possibly find even better coverage. Drivers just need to learn the most effective way to compare company rates online.

Compare Auto Insurance Today

Getting better 2014 Tesla Model S auto insurance pricing is not a difficult process. Consumers just need to take a few minutes to get quotes provided by online insurance companies. This is very easy and can be done in just a few minutes using one of these methods.

  • The best way to compare a lot of rates at once is an all-inclusive rate comparison (click to open form in new window). This method prevents you from having to do separate quotation requests for each company. One quote request will get you price quotes from all major companies.
  • A different way to compare prices is to take the time to go to the website of each company and request a quote. For examples sake, we’ll pretend you want comparison quotes from State Farm, Liberty Mutual and Allstate. To find out each rate you need to visit each site and enter your policy data, which is why most consumers use the first method.

    For a list of links to insurance companies in your area, click here.

  • The hardest way to get comparison rates is driving to and from local insurance agencies. Shopping for auto insurance online makes this process obsolete unless you prefer the trained guidance that only a license agent can provide. Drivers can price shop online and get advice from an agent in your area and we’ll talk about that later.

It doesn’t matter which method you choose, just make absolute certain that you use identical information for every quote you compare. If you enter mixed coverages then you won’t be able to make a fair comparison for your Tesla Model S.

Save big with these discounts

Companies offering auto insurance don’t list every discount in a way that’s easy to find, so the following is a list of both well-publicized and the more hidden ways to save on car insurance. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.

  • Multi-policy Discount – If you have multiple policies with the same insurance company you may earn up to 20% off your total premium.
  • New Vehicle Savings – Insuring a new car can save up to 30% since new cars are generally safer.
  • Federal Employees – Simply working for the federal government can save as much as 8% on Model S insurance with a few car insurance companies.
  • Driver Safety – Successfully completing a defensive driving course could possibly earn you a 5% discount depending on where you live.
  • E-sign – Certain companies will discount your bill up to fifty bucks for buying your policy over the internet.
  • Good Student Discount – Performing well in school can save 20 to 25%. The discount lasts up to age 25.
  • No Charge for an Accident – Certain companies allow you one accident without raising rates as long as you don’t have any claims for a particular time prior to the accident.
  • Early Switch Discount – Some companies give discounts for switching to them prior to your current policy expiration. It’s a savings of about 10%.
  • Safe Driver Discount – Drivers who avoid accidents can pay as much as 50% less on Model S insurance than their less cautious counterparts.
  • Drivers Education – Require your teen driver to take driver’s ed class if it’s offered in school.

As a disclaimer on discounts, most discounts do not apply to your bottom line cost. Most only reduce individual premiums such as comp or med pay. Just because you may think adding up those discounts means a free policy, companies wouldn’t make money that way.

For a list of insurers offering car insurance discounts, follow this link.

But I don’t know anything about car insurance

When it comes to choosing coverage, there is no “perfect” insurance plan. Everyone’s situation is unique so this has to be addressed. Here are some questions about coverages that can aid in determining whether you might need an agent’s assistance.

  • If my pet gets injured in an accident are they covered?
  • Is my teen driver covered when they drive my company car?
  • How do I buy GAP insurance?
  • Do I need roadside assistance coverage?
  • How many claims can I have before being cancelled?
  • Is my custom paint covered by insurance?

If you don’t know the answers to these questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It is quick, free and can help protect your family.

These factors can influence what you pay for Tesla Model S insurance

Smart consumers have a good feel for the rating factors that go into determining your auto insurance rates. Knowing what impacts premium levels allows you to make educated decisions that can help you get much lower annual insurance costs.

  • Do you have enough liability coverage? – Your policy’s liability coverage will protect you if ever you are found to be at fault for damages caused by your negligence. It will provide you with a defense in court which can cost thousands of dollars. This coverage is very inexpensive as compared to coverage for physical damage, so do not skimp.
  • Always keep insurance in force – Driving without insurance is illegal and as a result your rates will increase for letting your insurance lapse. And not only will insurance be more expensive, but being ticketed for driving with no insurance will get you a steep fine or even jail time.You may need to provide proof of insurance in the form of an SR-22 filing with your state DMV.
  • Drive a safer car and pay less – Cars with high safety ratings are cheaper to insure. The safest vehicles reduce injuries and any reduction in injury severity means less money paid by your insurance company passed on to you as lower rates. If your Tesla Model S is rated at least four stars on or an “acceptable” rating on it is probably cheaper to insure.
  • Your stress level may be raising your rates – Careers like doctors, business owners and accountants tend to pay higher rates than average in part from high stress and long work hours. On the flip side, occupations such as farmers, athletes and retirees have the lowest average rates on Model S insurance.

Car insurance specifics

Having a good grasp of car insurance can be of help when determining the best coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverage types found on most car insurance policies.

Coverage for liability – This coverage will cover damage that occurs to a person or their property by causing an accident. This coverage protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 50/100/50 that translate to a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for things like court costs, repair costs for stationary objects, structural damage, medical services and attorney fees. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Collision coverage – This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things like crashing into a ditch, hitting a parking meter, driving through your garage door and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from older vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for bills for rehabilitation expenses, EMT expenses, dental work, ambulance fees and hospital visits. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

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

Comprehensive can pay for claims like rock chips in glass, theft, hitting a deer, damage from flooding and hail damage. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Protection from uninsured/underinsured drivers – This protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2014 Tesla Model S.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Pennies from heaven

As you go through the steps to switch your coverage, do not buy lower coverage limits just to save a few bucks. There are too many instances where someone dropped physical damage coverage and learned later they didn’t have enough coverage. The proper strategy is to buy a smart amount of coverage at the best price.

Cheap 2014 Tesla Model S insurance can be bought online as well as from independent agents, and you need to price shop both in order to have the best price selection to choose from. Some companies don’t offer the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.

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