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Car insurance is undoubtedly a major investment. Hence, a car owner understandably considers various aspects before purchasing one. Let’s discuss Tesla Model Y Insurance here.
Well, when we talk about the average Tesla Model Y Insurance costs $1804 per year and $150 per month. However, the cost does depend on the coverage type you go with.
| Driver Age | Insurance Cost | |
|---|---|---|
| High Risk Driver Age30 | $4,114 | |
| Safe driver age 20 | $3,602 | |
| At fault accident age 40 | $2,544 | |
| low deductibles age 40 | $2,378 | |
| Safe driver age 30 | $1,912 | |
| Safe driver age 40 | $1,804 | |
| Safe driver age 50 | $1,644 | |
| Safe driver age 60 | $1,614 | |
| High deductibles age 40 | $1,510 | |
| Discount rate age 40 | $1,498 |
Let’s go through some of the major factors playing a crucial role in Tesla Model Y Insurance cost below.
As mentioned, the cost of Tesla Model Y insurance depends on several factors. If you are about to purchase one, just keep the above factors in your mind to ensure that you stay away from the hassles at a later stage.
Well, you might be delighted to know that getting Tesla Model Y insurance is by no means difficult. It comes with a very basic set of requirements. However, you must know each of them to ensure that you don’t go through any hassles at all.
Check out the requirements to get Tesla Model Y insurance below.
As mentioned, you need not worry even a bit about the documents required for Tesla Model Y insurance. They are minimal and easy to collect and present.
Now, what after you submit all these documents? It’s better to know the entire process in advance. Check out the same below.
As mentioned, age plays an important role in deciding the insurance cost. Teenagers pay the most for getting a car insured. Of course, driving experience and their tendency to drive roughly are the major reasons for the same.
However, if you are young, you can opt to go with your parent's policy rather than buying your own. It would save you money, which is definitely a good thing for you. Yes, once you age a bit, and you gain some driving experience, you can get your own policy.
When it comes to Tesla Mode Y insurance rates, a 16-year-old driver pays an average cost of $12,043 annually while a 25-year-old pays an average cost of $3410 per year.
Yes, the difference in cost is quite huge, but so is the difference in age. However, age is one of the most important aspects of insurance cost, and hence, the difference is completely justified. After all, with age, both, your driving habits and your driving experience improve.
As mentioned, if possible, it’s always good to go with your parent’s policy as it is a proven way to save some bucks on insurance. You can always opt for your own policy as you get some driving experience.
| Age | Average Annual Rates | |
|---|---|---|
| 16 | $12,043 | |
| 17 | $10,668 | |
| 18 | $9,394 | |
| 19 | $6,728 | |
| 20 | $6,005 | |
| 21 | $4,754 | |
| 22 | $4,379 | |
| 23 | $4,007 | |
| 24 | $3,761 | |
| 25 | $3,412 | |
| 40 | $2,878 |
So, how do you save money on your Tesla Model Y car insurance cost? Well, there are several simple ways to do so. What are they? Check them out below.
Of course, you might want the cheapest insurance for Tesla Model Y, but you must know that with car insurance, the cost isn’t the only factor that you must consider. However, the Model 3 is your answer when it comes to the most affordable Tesla model.
The average price of the model ranges from $55,000 to $62,000. Of course, you need good insurance coverage to protect your vehicle. So, how do you figure out the best insurance coverage for yourself?
You can go with liability insurance, to cover your basic requirements. However, we highly recommend going with a higher level of coverage to ensure that all your coverage requirements are met.
It’s always better to go with full coverage insurance rather than comprehensive coverage. Full coverage will protect your Tesla Model Y against natural damages and thefts, while comprehensive coverage won’t.
Andy Walker is a content writer for the AtoZ Insurance USA who specializes in the insurance and finance niches. He has been working as a freelance writer from several years, and has experience with a variety of content writing formats. Andy is a highly skilled writer who is able to produce quality content that is both informative and engaging.
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