Last update: Fri Aug 09 2019
You may be in for an insurance premium surprise if you are buying your first Electric Vehicle (EV).
Here are the top 5 cars that first-time Tesla owners had before making the jump to EVs:
The Toyota Prius is one of the top trade-ins for new Tesla Model 3s
Source: Tesla Q2 2018 update
Insurance rates for a 31-year-old male for these vehicles in California are:
|Car||Insurance cost/mo before||Insurance cost/mo after (Electrade on Tesla Model 3)|
|Honda Accord||$133/mo (Travelers)||$118/mo|
$50k/$100k bodily injury with $1k collision deductible)
Surprisingly, Telsa Model 3s are not that expensive to insure relative to the rates you were likely paying.
Thank you for reading, and thank you for supporting the electification of transport. ⚡️