Tesla Insurance in Fort Worth 2022:

A Beginner’s Overview

Last Updated: January 4, 2022

Tesla Insurance in Fort Worth has been a hot topic in recent weeks. Tesla is a company that has been around for over a decade, and they have recently released their newest line of cars. The Tesla Model 3 was the first affordable model to be released, and it quickly became a hit with consumers across the country. Unfortunately, this popularity also brought about some problems regarding car insurance coverage. In this blog post, we will discuss tesla insurance in Fort Worth.

How to get Tesla Insurance in Fort Worth?

The best way to get Tesla insurance in Fort Worth is to go through an authorized dealer. When you purchase your car, the dealer will provide you with a list of insurers approved to provide Teslas coverage. You can also contact Tesla directly, and they will help connect you with an insurer. Furthermore, you can search online for insurers who specifically offer Tesla insurance.

How much does Tesla Insurance in Fort Worth Cost?

The cost of tesla insurance varies depending on several factors, such as the age of the driver, the driving record, and the location where you live. However, most people find that Tesla insurance is more expensive than traditional car insurance.

Most major car insurance companies will cover your Tesla, but you will have to pay a high-end cost to match because it is considered a luxury vehicle. According to research, the average annual cost of insuring a Tesla is $4539.

Top Five Companies Offering the Cheapest Tesla Insurance in Fort Worth

Many companies offer cheap tesla insurance in Fort Worth. The five companies listed below are some of the most affordable options available.

  1. Progressive – $2363
  2. AAA Norcal – $2736
  3. Tesla Insurance – $3315
  4. State Farm – $3995
  5. GEICO – $4181

Special Coverages Available from Tesla Insurance in Fort Worth

Autonomous vehicle liability: 

This protects you from property damage or bodily injury caused by a collision when your car is in autonomous vehicle mode, up to the same liability limitations as when you’re driving.

Wall charger coverage:

This provides coverage for your Tesla wall charger and the electrical wiring in your home. It also includes reimbursement for up to $500 of damage to your car caused by an electrical surge.

Loan/lease gap coverage: 

This coverage covers the difference between your Tesla car loan and what is worth at trade-in. You can extend this gap coverage to a new lease as well. Moreover, this safeguards you if your vehicle is stolen or incurs any damage.

Cyber identity fraud expense:

This coverage safeguards you against the costs associated with identity theft while your Tesla vehicle is in use. This can include expenses related to restoring credit, notifying creditors of fraudulent transactions, legal services, and more.

Electronic key replacement: 

If you lose your electronic key, this coverage provides up to $500 for the replacement cost. This also includes lost or stolen keys.

car insurance companies
tesla insurance in fort worth

Tips to Get Cheaper Tesla Insurance in Fort Worth

Cheaper repairs:

One way to get cheaper Tesla insurance is by taking your car in for regular repairs. This will help keep your premiums low, as insurers often offer discounts to drivers who maintain good driving records.

Auto-Pilot discount:

Many insurers offer discounts to drivers who use the Tesla Auto-Pilot feature. If you’re comfortable using this feature, be sure to mention it when you are shopping for insurance quotes.

Lowered commission:

To keep costs low, Tesla has lowered its commission from insurance companies. As a result, many insurers have also reduced their rates. In the end, you should be able to find more affordable tesla insurance options if you shop around and compare quotes for various coverage plans.

Why is Tesla so Expensive to Insure?

There are several reasons why Tesla’s are more expensive to insure than traditional cars. For starters, they are considered a high-end luxury vehicle and, as such, come with a higher price tag. In addition, they require specialized insurance coverage that is not available from most traditional car insurers. Finally, Tesla’s autopilot feature can be a double-edged sword for drivers. While it does help to reduce accidents, some insurers are reluctant to offer coverage if the feature is in use at the time of an accident.

Conclusion

Tesla insurance is a new and unique type of car insurance that can be difficult to find if you don’t know where to look. However, with a little bit of research, you should be able to find some affordable tesla insurance options available.

Frequently Asked Questions

Q. Is Tesla expensive to insure?

Due to their high repair costs, Tesla’s are more expensive to insure than many other luxury cars, which raises the cost of accident coverage.

Q. Is Tesla Model 3 cheaper to insure?

In comparison to other car models, the Tesla Model 3 has higher insurance costs. The average yearly insurance cost for a Tesla Model 3 is $1,712, compared to an average annual premium of $1,427 for all vehicles. However, insuring a Tesla Model 3 is still less expensive than more premium cars like the Tesla Model Y.

Q. How much is Tesla insurance for a 19-year-old?

For 16–19-year old’s, Tesla Model 3 insurance costs $327.66, and for 20–29-year-olds, it costs $223.78.

car insurance companies