Tesla Insurance

Tesla is famous for single-handedly dragging the big car makers into the electric car era. Their cars are popular among the eco-conscious and next generation of car enthusiasts for their rapid acceleration and seamless driving experience. If you are a Telsa owner you might be interested to learn that Telsa offers an insurance policy just for you (if you live in California, Illinois, or Texas).

Is Tesla Insurance cheaper?

Tesla claims that their insurance is saving their drivers money but it is only available to drivers of Teslas and in only 3 states. So what about the drivers of other makes and models. We can still find car insurance online through other insurance companies. Use our free online tool Quick Quote to get a quote for all car models and also Tesla insurance.

Tesla’s car business is valued at around $1 trillion so I’m sure they can afford to sink a lot of money into their insurance business if they needed to. But will they be able to compete with multiple car insurance carriers when it comes to providing the best level of cover at the best price? CEO Elon Musk seems to think so. He said that the insurance arm could be worth 30% to 40% of the carmakers business. We’ll have to wait and see.*

If you are looking to compare car insurance quotes from multiple carriers at the same time, then our marketplace is a good place to start. We work with top insurers like Farmers, Travelers, Liberty Mutual, Safeco, Mercury, Stillwater, and many more carriers.

*From the Telsa Earnings Transcript Fool.com