Why Tesla insurance is so expensive?
Tesla Insurance is a unique type of coverage tailored specifically for the Tesla electric vehicles.
The coverage includes many unique benefits, such as accident forgiveness and reduced premiums for Autopilot-equipped models.
Unfortunately, these added benefits also lead to increased costs for Tesla owners who purchase the coverage.
This is because insurers have to factor in the cost of repairing or replacing more complex parts when calculating premiums.
They must also consider the higher replacement costs associated with these electric vehicles,
as they are more expensive than traditional gas-powered cars.
Additionally, Teslas tend to be used by drivers who may take greater risks while on the road,
which can also increase premiums. Ultimately, it all adds up to higher insurance rates for Tesla owners.