Why Drive a Tesla Model 3?
Redefining the electric sedan and the idea of sustainable driving, the Tesla Model 3 is the epitome of sleek design, advanced technology and impressive performance. Whether you're an eco-conscious driver or are passionate about technology, the Tesla Model 3 is a practical choice for both daily commutes and long-distance journeys.
Offering an impressive range of 358 miles on a single charge, the Tesla Model 3 has eradicated range anxiety, offering fast charging options that make it effortlessly convenient and efficient to run. Minimalist decor, coupled with the latest in technology advancements, allows drivers seamless control of navigation, media and vehicle settings, all while driving in comfort and style.
How Much Does a Tesla Model 3 Cost to Insure?
Insurance quotes for a Tesla Model 3 will vary from driver to driver. This is because all drivers and their circumstances are totally unique. Several factors will influence the cost of your Tesla insurance, and they range from your age and marital status to your no-claims bonus and even where you park at night. As a result, insurance costs for the Tesla Model 3 can range anywhere between £2,400-£3,000, depending on these factors and your specific circumstances.
How Can I Get Cheaper Tesla Model 3 Insurance?
No one should have to pay over the odds for their car insurance. Thankfully, there are some straightforward but remarkably effective ways you can keep your premiums low.
- Choose higher voluntary excess: Your voluntary excess is the amount of money you choose to pay in the event of an accident. Generally, the more you choose to pay, the lower your premiums, so consider increasing your excess to lower insurance costs. Just ensure this is an amount you can afford.
- Be careful when adding additional drivers: Adding additional drivers to your policy can help lower your premiums, but only if they have a clean driving record. Make sure you're only adding experienced and safe drivers to your policy.
- Avoid policy extras: Insurance companies often provide extras including personal injury cover, a courtesy car or no claims discount protection. If you want to save on your Tesla Model 3 insurance, consider opting out of these policy extras.
- Compare quotes: Comparing quotes on your Tesla insurance is key to keeping costs low. While insurance for Teslas can be quite high due to higher repair costs and even the increased risk of theft, the more quotes you compare the better your chances of securing a better deal.
- Build on your no-claims: The longer you can go without making a claim the better. Drivers who build up a no-claims bonus will be rewarded with lower premiums and better deals.
What Factors Influence the Cost of Tesla Model 3 Car Insurance?
Here are some of the top factors that will influence the premiums of your Tesla Model 3 insurance.
- Driver details: If you're a younger driver, then you can expect to pay much more for your Tesla insurance than an older, more experienced driver. This is because national statistics indicate a higher perceived risk associated with younger drivers in relation to accident rates.
- The model/version: What version of the Tesla Model 3 you drive will greatly influence your premiums. For example, drivers who own the Standard Range Plus (RWD) (groups 47-48) will pay slightly less than those who drive the Performance (AWD) version of the Tesla Model 3 (group 50).
- Annual mileage: How many miles you drive each year will indicate to insurance providers whether you are a high-risk driver. Typically, those who spend more time on the road are more likely to be in an accident and make a claim, which means higher premiums than someone who drives much less.
- Overnight parking location: Where you park your Tesla is important. If you use street parking or park in poorly lit areas where higher rates of crime are reported, then you'll pay more for your car insurance than someone who can park their Tesla on a driveway or in a garage.
- Type of use: How you use your car affects your premium. If you're using your Tesla for business purposes you may have to pay more than someone who drives for leisure.
- Your claims history: All claims, even those that weren't your fault, influence your premiums. Drivers who have claimed in the past will pay more than those who haven't.