Is a Tesla expensive to insure? The average annual cost to insure a Tesla Model 3 — $2,215 — is nearly 40% higher than the average national cost of car insurance, according to NerdWallet’s analysis. Tesla says its own insurance can save drivers 20% to 30%, but policies are currently available only in California.
First, the biggest savings: no more expensive gas. With 100 miles using 34kWh (about 100 MPG) and electricity costing an average of $0.12/kWh, the yearly cost to drive a Tesla Model S 15,000 miles is $612. Compare that to Toyota (TM) Camry’s 30 MPG and an average cost of gas of $2.40 per gallon.
Teslas are particularly expensive to insure for collision damage due to their high repair and maintenance costs, which are greater than those for other luxury vehicles. This is due to several reasons, such as: Electric cars are already more expensive to repair, and therefore insure, on average.Aug 9, 2021
Zucchi explains, “Unlike other car manufacturers who sell through franchised dealerships, Tesla sells directly to consumers. It has created an international network of company-owned showrooms and galleries.” And by selling direct, Tesla “creates a better customer buying experience.Apr 6, 2021
A sharp edge-to-edge design built around a screen that packs almost everything on the dashboard of a regular car, the Tesla Model 3’s interior is minimalistic, functional and superbly sleek. Along with maintaining the design dynamism, it also offers an uninterrupted view of the road.Feb 25, 2021