I’m on the market for purchasing a Tesla Model 3 LR but I’m having a huge problem when it comes to finding affordable insurance. I’ve talked to family members & colleagues & they said it’s most likely due to my age (22), I make 23 in January. I just wanted to ask is it due to age primarily or is it due to it being a Tesla? I’ve received quotes of $400+ from various companies.
Not just your age. Tesla’s are expensive to insure. They are expensive to repair and tend to be totaled out over what appears to be modest damage.
I was seriously considering purchasing one but once I called my insurance company I changed my mind. The increase in insurance premiums would have wiped out my fuel savings and them some. It just didn’t make sense in my situation.