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.
Perhaps you should look into getting a cheaper car. Your age is definitely a factor in insurance rates. Imagine an insurance company deciding on insuring a 22 year old who drives a new Dodge Challenger. I’m not saying they’re the same, but similar if you think about it. Any Tesla is faster than your average ICE on the road.
If you just stick to EV, look at used bolts that might be cheaper to insure.
I tried it with a cheaper car & the insurance rates are still $400+/mo plus M3 are the average price of a regular car now so I think for economical & maintenance wise, this is the best option for me