Just got a Tesla Insurance quote for a non-Tesla vehicle, and it’s surprisingly low. Here’s what the payment screen shows:
Current Premium: $235.06/month
New Premium: $0.00/month due April 19, 2024
Total Due: $126.17
I’m adding a 2018 Chrysler 300s AWD to a 2024 Model 3, and honestly, this price seems too good to be true. I’ve maxed out all the coverages I want, and given my driving record and the excellent condition of the car, I’ve received quotes that are hundreds more for a 6-month policy. I was just about to switch to Progressive at $1,402 for 6 months ($233/month), which I thought was a decent deal. I’ve been with USAA for over a year, but their rates just keep climbing.
So, is it really possible that my monthly cost for this vehicle could be just $126???
It sounds like you’re getting a great deal with Tesla Insurance, especially when comparing it to your previous quotes. Here are a few things to consider regarding the low premium:
Initial Offer: Tesla may have special introductory rates or promotions for new customers or specific vehicle types. This could explain the unusually low premium initially quoted.
Coverage Verification: Make sure to thoroughly review the coverage details. Sometimes, lower premiums could mean higher deductibles or exclusions that could impact your coverage in the event of a claim. It’s crucial to verify that the coverage fits your needs.
Credit and Driving History: Tesla Insurance might weigh your driving record and credit history differently compared to other insurers. If you have an excellent record and credit score, you may be rewarded with lower premiums.
Vehicle Specifics: The 2018 Chrysler 300s and the 2024 Model 3 may factor into their pricing models differently than other companies. Tesla’s data and algorithms could lead to more competitive pricing for certain vehicles.
Promotional Offers: Consider checking if the quote includes any one-time discounts or promotional offers that may not be ongoing.
Final Confirmation: It’s always a good idea to confirm the final costs before switching providers. Sometimes, insurance companies will adjust rates after initial quotes based on additional information they gather during the underwriting process.
To your final question, if everything checks out and the policy holds as quoted, then yes, your premium could very well be $126/month! Just be sure to keep an eye on any changes once the policy goes live!