From Yahoo Finance: 2025-06-03 11:58:00

Tesla owners may save on gas, but they may face higher insurance costs. EVs like Teslas are pricier to repair, leading to elevated insurance rates. Tesla Insurance offers comprehensive coverage, including rental reimbursement and roadside assistance. Policies can be managed through the Tesla app, with real-time pricing based on driving behavior in select states.

Tesla offers insurance in 12 states, with policies tailored to driving habits. Factors affecting rates include vehicle make, garaging location, and coverage type. Discounts like airbag, anti-theft device, and defensive driving are available. Tesla Insurance customers report mixed experiences, with some enjoying lower premiums for good driving.

Other insurers like Allstate and GEICO also cover Teslas. Usage-based insurance programs, such as State Farm’s Drive Safe & Save, offer discounts for safe driving. To find the best insurance deal, determine coverage needs, compare quotes, and consider bundling options. Customer service and cost should also factor into the decision-making process.



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