Why Tesla insurance is so expensive?

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Tesla Insurance is a unique type of coverage tailored specifically for the Tesla electric vehicles.

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The coverage includes many unique benefits, such as accident forgiveness and reduced premiums for Autopilot-equipped models.

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Unfortunately, these added benefits also lead to increased costs for Tesla owners who purchase the coverage.

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This is because insurers have to factor in the cost of repairing or replacing more complex parts when calculating premiums.

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They must also consider the higher replacement costs associated with these electric vehicles,

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as they are more expensive than traditional gas-powered cars.

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Additionally, Teslas tend to be used by drivers who may take greater risks while on the road,

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which can also increase premiums. Ultimately, it all adds up to higher insurance rates for Tesla owners.

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