6 Discounts Shoppers Miss when Insurance Shopping Online for a Tesla Roadster

Searching for the cheapest insurance for a new or used Tesla Roadster can turn out to be a lot of work, but you can follow these tips to save time. There is a right way and a wrong way to shop for car insurance so we’re going to tell you the best way to price shop coverage for a Tesla and locate the cheapest rates.

The quickest way to compare car insurance company rates is to know the trick all the major auto insurance companies actually pay money for the chance to provide you with free rate quotes. The only thing you need to do is provide information such as types of safety features, if the vehicle is leased, how your vehicles are used, and deductibles desired. Those rating factors gets transmitted to multiple top-rated companies and you will receive price estimates immediately.

To check car insurance prices now, click here and find out if you can get cheaper insurance.

Don’t be fooled by advertising claims

Consumers can’t get away from ads that promise big savings from companies such as GEICO, State Farm and Progressive. They all make an identical promise about savings if you move to their company.

It sounds good, but how can they all give you a lower rate? This is the way they can do it.

Different companies have specific characteristics for a prospective insured that will generate a profit. One example of a desirable insured might have to be between the ages of 30 and 50, has a low-risk occupation, and has a short commute. A customer who meets those qualifications will probably get cheap auto insurance rates and will save when they switch companies.

People who do not fit these criteria may be required to pay higher prices and this results in business going elsewhere. The ads state “drivers that switch” but not “all drivers who get quotes” can save as much as they claim. That’s why companies can truthfully make the claims of big savings. Because each company has a different risk profile, it is so important to compare rate quotes every year. It is impossible to guess which company will have the lowest rate quotes.

Discounts can really help to save

Insurance can cost an arm and a leg, but you may find discounts that could help you make your next renewal payment. Some discounts apply automatically at the time you complete a quote, but some must be manually applied before you get the savings.

• Discounts for New Vehicles – Buying a new car model may earn a small discount compared to insuring an older model.
• Active Service Discounts – Having an actively deployed family member may qualify for rate reductions.
• Theft Deterent – Anti-theft and alarm system equipped vehicles can help prevent theft and will save you 10% or more.
• Multi-policy Discount – When you combine your auto and homeowners insurance with the same company they may give you a discount of at least 10% off all policies.
• Discounts for Responsible Drivers – Drivers who avoid accidents can pay as much as 50% less for Roadster coverage compared to accident prone drivers.
• Senior Citizens – Drivers that qualify as senior citizens may receive a slight reduction on a for Roadster coverage.

Discounts lower rates, but most of the big mark downs will not be given to the overall cost of the policy. Most cut specific coverage prices like liability and collision coverage. Even though it may seem like it’s possible to get free car insurance, company stockholders wouldn’t be very happy.

A list of companies and their offered discounts can be read below.

• State Farm includes discounts for good student, Steer Clear safe driver discount, student away at school, anti-theft, and accident-free.
• Farmers Insurance may have discounts that include alternative fuel, electronic funds transfer, youthful driver, pay in full, and teen driver.
• GEICO policyholders can earn discounts including driver training, emergency military deployment, daytime running lights, anti-lock brakes, seat belt use, five-year accident-free, and military active duty.
• American Family has savings for air bags, bundled insurance, accident-free, Steer into Savings, good driver, and early bird.
• Nationwide offers discounts including Farm Bureau membership, defensive driving, good student, family plan, accident-free, and multi-policy.
• Progressive may offer discounts for multi-vehicle, good student, continuous coverage, homeowner, online quote discount, multi-policy, and online signing.

When getting a coverage quote, ask all companies you are considering which credits you are entitled to. Savings may not apply to policies in your area. To view insurers that offer some of these discounts, click this link.

Will just any policy work for me?

When buying coverage for your personal vehicles, there really is no “perfect” insurance plan. Everyone’s situation is a little different.

For example, these questions can help discover whether your personal situation might need professional guidance.

• Does coverage extend to a rental car in a foreign country?
• Do I need special endorsements for business use of my vehicle?
• Is there coverage for injuries to my pets?
• Am I covered when driving in Canada or Mexico?
• Does my insurance cover my expensive audio equipment?
• What should my uninsured motorist coverage limits be in my state?
• Is my teen driver covered when they drive my company car?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form. It only takes a few minutes and can provide invaluable advice.

The coverage is in the details

Understanding the coverages of a car insurance policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Auto liability – This can cover damage or injury you incur to a person or their property by causing an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against claims such as court costs, medical expenses, attorney fees, structural damage and funeral expenses. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance pay for bills for surgery, funeral costs, hospital visits and rehabilitation expenses. They are used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to all vehicle occupants as well as getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverage – This pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things like fire damage, damage from a tornado or hurricane, theft, a tree branch falling on your vehicle and hail damage. The maximum payout your car insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverages – Collision coverage pays for damage to your Roadster caused by collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision insurance covers claims such as driving through your garage door, hitting a mailbox and crashing into a ditch. This coverage can be expensive, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as damage to your Tesla Roadster.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

You can lower your rates

Consumers leave their current company for many reasons like lack of trust in their agent, not issuing a premium refund, high prices or even policy cancellation. Regardless of your reason for switching companies, finding a new company can be easier than you think.

Low-cost Tesla Roadster insurance can be bought on the web and from local agencies, so you need to with both to have the best selection. Some companies may not have the ability to get quotes online and many times these regional insurance providers only sell coverage through independent agencies.

We just showed you many ways to get a better price on Tesla Roadster insurance. The most important thing to understand is the more rate comparisons you have, the better your chances of lowering your auto insurance rates. You may even find the lowest priced car insurance comes from some of the lesser-known companies.