Why is Tesla insurance so pricey?

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A special kind of protection designed especially for Tesla electric automobiles is Tesla Insurance.

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Numerous special features of the coverage are offered, such as accident forgiveness and discounted premiums for vehicles with Autopilot.

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Unfortunately, Tesla owners who purchase the coverage must pay more because of these additional benefits.

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This is due to the fact that when determining premiums, insurers must account for the cost of repairing or replacing more sophisticated parts.

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As these electric vehicles are more expensive than conventional gas-powered cars, they must also be compared against their higher replacement costs.

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Teslas also frequently have drivers who may drive more dangerously,

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which can raise insurance prices. All of this ultimately results in higher insurance costs for Tesla owners.

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