Tesla Model S Insurance Quotes in Tampa

It’s hard to fathom, but the vast majority of Florida insurance customers kept their coverage with the same insurance company for at least four years, and 38% of drivers have never compared insurance rates at all. Drivers in the U.S. can cut their rates by roughly $850 a year by just comparing rate quotes, but they mistakenly think it’s difficult to compare rates and save money.

Discount Tesla Model S insuranceIf your goal is the lowest price, then the best way to get budget Tesla Model S insurance in Tampa is to annually compare prices from providers who sell auto insurance in Florida. Price quotes can be compared by completing these steps.

  1. Get an understanding of how your policy works and the things you can control to drop your rates. Many factors that are responsible for high rates like traffic citations, accidents, and an unacceptable credit rating can be eliminated by making minor changes to your lifestyle.
  2. Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give prices from one company like Progressive or Farmers Insurance, while agents who are independent can provide price quotes from many different companies.
  3. Compare the new rate quotes to your existing rates and determine if there is any savings. If you find a better price, make sure coverage is continuous and does not lapse.
  4. Notify your company or agent of your intention to cancel your current coverage and submit a down payment along with a completed application for your new policy. As soon as coverage is bound, place the new certificate of insurance in your vehicle’s glove compartment or console.

An important bit of advice to remember is to make sure you enter the same liability limits and deductibles on every price quote and to quote with as many car insurance companies as possible. Doing this ensures an accurate price comparison and a thorough selection of prices.

The following companies provide comparison quotes in Tampa, FL. If you want cheap car insurance in Tampa, we suggest you get prices from several of them to get the best price comparison.

Discounts can help to save on Tesla Model S insurance in Tampa

Some providers don’t list every possible discount in a way that’s easy to find, so below is a list some of the best known and the harder-to-find discounts that you may qualify for.Auto insurance discounts

As a footnote on discounts, some credits don’t apply to the entire cost. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. If you do the math and it seems like you can get free auto insurance, companies wouldn’t make money that way. But all discounts will lower the amount you have to pay.

A few of the larger companies and the discounts they provide are outlined below.

It’s a good idea to ask every prospective company which credits you are entitled to. A few discounts may not apply in your area. For a list of insurance companies that can offer you the previously mentioned discounts in Florida, click here.

Compare rates but still have a local neighborhood Tampa car insurance agent

Many drivers just want to buy from a local agent and often times that is recommended Licensed agents are trained to spot inefficiencies and help submit paperwork. An additional benefit of price shopping on the web is that you can find lower rates and still choose a local agent. And buying from neighborhood insurance agencies is definitely important in Tampa.

Tampa insurance agentsUpon completion of this short form, the quote information is transmitted to local insurance agents who will give you quotes and help you find cheaper coverage. It’s much easier because you don’t need to even leave your home because quoted prices will be sent directly to your email. If for some reason you want to compare prices for a specific company, you can always find their quoting web page and fill out the quote form the provide.

If you are wanting to purchase auto insurance from a good Tampa insurance agent, there are two types of agencies and how they are slightly different. Auto insurance agents may be either exclusive agents or independent agents. Both types can handle auto insurance, but it’s important to know how they are different since it can impact which agent you choose.

Independent Agencies or Brokers

Agents of this type are not limited to a single company and that gives them the ability to insure with lots of companies and potentially find a lower price. If your premiums go up, your agent can switch companies and you don’t have to do anything. When comparison shopping, we recommend you compare prices from a couple of independent agencies to have the best price comparison.

Below is a short list of independent insurance agencies in Tampa who can help you get comparison quotes.

10353 Cross Creek Blvd Suite CTampa, FL 33647(813) 994-1143View Map

3928 W Hillsborough AveTampa, FL 33614(813) 870-2334View Map

E J Ferro Insurance Agency
Tampa, FL 33647Tampa, FL 33647(813) 926-1515View Map

More Tampa agents

Exclusive Auto Insurance Agents

Agents that choose to be exclusive can only write with one company and some examples include State Farm, AAA, and Liberty Mutual. Exclusive agents cannot give you multiple price quotes so if the price isn’t competitive there isn’t much they can do. They are very knowledgeable on their company’s products which helps them compete with independent agents.

The following are exclusive insurance agencies in Tampa willing to provide comparison quotes.

15271 Amberly DrTampa, FL 33647(813) 978-1898View Map

20752 Center Oak DrTampa, FL 33647(813) 991-4111View Map

2734 E Fowler Ave, Ste ATampa, FL 33612(813) 971-6060View Map

More Tampa agents

Choosing the best car insurance agent needs to be determined by more than just the quoted price. Any agent in Tampa should have no problem answering these questions:

You Can Change Your Insurance Prices

Many factors are used when premium rates are determined. Some are obvious such as your driving history, but others are not as apparent like where you live and annual miles driven. Smart consumers have a good feel for the rating factors that come into play when calculating your premiums. When you know what positively or negatively determines premiums, this enables informed choices that may result in big savings.

Keep premiums low by being claim-free – Auto insurance companies in Florida generally give the lowest premiums to people who do not rely on their insurance for small claims. If you’re an insured who likes to file claims you can look forward to either a policy non-renewal or much higher rates. Auto insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.

Which gender costs less? – Over the last 30 years, statistics show that females take fewer risks when driving. Now that doesn’t mean males are worse at driving than females. Females and males have auto accidents in similar percentages, but males get into accidents with more damage. Men also tend to get cited for more serious violations like DWI (DUI) or reckless driving.

Save money with theft deterrents – Buying a car that has a built-in theft deterrent system can save you a little every year. Theft prevention devices like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder auto theft and help lower rates.

Cautious drivers pay the best costs – Only having one moving violation can increase rates by as much as twenty percent. Drivers with clean records pay lower auto insurance prices than people who have multiple driving citations. Drivers who have received multiple violations like hit and run, DWI or reckless driving convictions may find they need to submit a SR-22 form with the DMV in their state in order to prevent a license revocation.

Drive lots and pay more – Driving more miles every year the more you’ll pay to insure it. Many insurance companies calculate prices based on their usage. Cars and trucks that sit idle most of the time cost less to insure than those that get driven frequently. Ask your agent if your policy properly reflects the correct usage. Improper usage on your Model S can cost quite a bit.

Five star crash test rating saves money – Vehicles that have high safety ratings can get you lower premiums. Highly rated vehicles protect occupants better and fewer serious injuries means your insurance company pays less which can result in lower premiums. If your Tesla scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.

Your liability limits – Liability coverage will provide protection if you are found to be at fault for causing personal injury or damage in an accident. Liability insurance provides legal defense coverage to defend your case. Carrying liability coverage is mandatory and cheap compared to other policy coverages, so do not cut corners here.

Eliminate incidental coverages – There are quite a few additional extra coverages that you can buy if you aren’t careful. Coverages for vanishing deductibles, high-cost glass coverage, and motor club memberships may be costing you every month. The coverages may be enticing when you first buy your policy, but if you have no use for them think about removing them and cutting costs.

Loss probability for a Tesla Model S – Insurers analyze past claim statistics when they calculate premium rates for each model. Models that the data shows to have a higher amount or frequency of claims will cost more for coverage. The information below illustrates the insurance loss data for Tesla Model S vehicles.

For each coverage category, the claim probability for all vehicles combined as an average is set at 100. Values that are 100 or less indicate better than average losses, while values over 100 point to more claims or tendency to have larger claims.

Tesla Model S Insurance Claim Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Tesla Model S 4dr Electric 2WD 324 116 208 39 46 104
Tesla Model S 4dr Electric 4WD 333

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

It may be expensive, but it’s not optional

Despite the high cost of buying insurance for a Tesla Model S in Tampa, maintaining insurance is required in Florida but it also protects you in many ways.

The benefits of having insurance more than offset the price you pay, particularly when you have a large claim. But the average American driver overpays as much as $865 each year so compare rates each time the policy renews to make sure the price is not too high.

Do the work, save more money

We’ve covered many ideas to find lower-cost Tesla Model S insurance in Tampa. The most important thing to understand is the more rate quotes you have, the higher the chance of saving money. Consumers could even find that the lowest priced car insurance comes from the least-expected company. Regional companies often have lower premium rates on specific markets than the large multi-state companies such as State Farm, GEICO and Nationwide.

The cheapest Tesla Model S insurance in Tampa is definitely available from both online companies and from local agencies, and you should compare price quotes from both to get a complete price analysis. Some insurance providers may not have price quotes online and these regional carriers provide coverage only through independent insurance agencies.

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