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- Model 3 is the least expensive Tesla to insure.
- Costs to insure a Tesla Model 3 range from $2,503 to $2,503.
- Compare the rates of Tesla models to those for a typical car.
Insuring Teslas is more expensive than insuring other cars. This can vary depending on the state where you live, the model of the car, your age and driving record.
In the US, the average cost of a minimum state-mandated policy is $1682, however, insuring a Tesla may be more costly than insuring other vehicles. It's because Tesla's are made with expensive materials and technology, making them more difficult to repair.
Tesla batteries in the US have a lifespan of almost 200,000 miles. Tesla warranties batteries for all four Tesla models for up to eight years.
Tesla CEO Elon Mots said that third-party insurers' premiums are "unreasonably" high and that Tesla is squeezing them by offering cheaper insurance through Tesla.
Tesla launched their insurance product in 2019. Tesla launched its insurance product in 2019.
Tesla's app allows drivers, including those who are not Tesla owners, to purchase insurance. The website explains how to get insured "in as little as one minute" using its app.
Customers in 11 states may also choose to get real-time insurance based on driving. Your premium could be lower if you are a better driver. Your premium will be lower if your Safety Score is higher.
Data shows that the Tesla Model 3 can cost on average $2.503 a month and the Tesla Model Y $2.599 a month. Model X and Model S are more expensive to insure at $3,759 each and $4,318 respectively.
Model S has a monthly payment of $360, while Model S costs $209 per month.
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By: jmann@insider.com (Jyoti Mann)
Title: Tesla car insurance costs more than other cars, partly due to expensive repairs. See rates and model breakdown
Sourced From: www.businessinsider.com/tesla-car-insurance
Published Date: Thu, 06 Jul 2023 10:32:00 +0000
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