The Tesla Model 3 is the car that the company has been looking to build ever since CEO Elon Musk introduced the Tesla Roadster back in 2008. Does a revolutionary car like this cost a lot to insure?
Now that the car has finally launched (with deliveries scheduled for late 2017), we can see how costly insurance will be. Solar Consultant did an insurance comparison between the Tesla Model 3, the Audi A4 2.0 Quattro 4 door, and the BMW 328 xDrive 4 door.
We used the following assumptions when pricing out the insurance with various providers:
- Collision Coverage Deductible: $1,000
- Comprehensive Coverage Deductible: $1,000
- Distance Driven / Year: 20,000 km
- Driver’s Age: 30
- Driver’s Gender: Male
- All cars were specified to cost around $50,000
Here is what each car costs to insure for a full year.