Tesla insurance, whose price varies according to your driving style, could arrive in Europe

In the near future, it could be ancient history, if we believe the job offer posted by Tesla:

Tesla: why car insurance is so expensive ?

The qualities of Tesla vehicles are no longer to be demonstrated. However, the Model 3, S, X and have a big drawback: they cost very expensive to ensure. But why ?

Posted on March 22, 2023 at 12 h 45 min

• Tesla vehicles are among the most expensive to ensure on the market
• The battery is the main factor that increases the price of insurance
• There are solutions to reduce the cost of Tesla insurance

In the wonderful universe of electric cars, Tesla is attracting more and more motorists. But having a Tesla has a price, not just the purchase. According to a study by the Marketwatch site, Tesla vehicles are among the most expensive to ensure on the market.

A battery that is expensive

The main reason explaining the high cost of car insurance is the battery. At Tesla this component is very expensive to replace in case of damage or wear. According to the Tesla official website, the limited warranty on the battery and the powertrain varies depending on the model, but it ensures minimum retention of 70% of the battery capacity for 8 years or between 160,000 and 240,000 km.

However, if the battery undergoes damage which is not covered by the warranty, It will be necessary to pay several thousand euros to replace it. For example, it takes about 16,000 euros to change the battery of a model or a model x.

This is why insurers apply higher prices to cover the risks linked to the battery. In addition, spare parts and labor are also more expensive for Tesla vehicles than for other brands.

Thus, according to data from the Lelynx comparator, the average price of auto insurance for a Tesla Model 3 can reach 66 euros per month at third party, 82 euros per month by intermediary and up to 106 euros per month in all risks. As with thermal models, the cost of insurance depends on your age, the place of residence, the type of home parking (closed garage, outdoor parking space, street etc.), from your level of bonus/penalty etc.

How to reduce the price of car insurance at Tesla ?

You don’t want to pay much more than for another electric vehicle ? The good news is that there are solutions to reduce the cost of Tesla insurance. If making tons of comparisons or entering negotiations with your insurer can already reduce the bill, Also think of the Insuremytesla program.

This program offers all -risk insurance including specific options for Tesla vehicles. For example, it covers the mobile connector or the battery. To subscribe to this insurance in France, you must go through Aviva, partner of Tesla on this program.

Tesla insurance, whose price varies according to your driving style, could arrive in Europe

New job offers offered by Tesla seem to reveal that her home insurance is about to arrive in Europe. Let’s take stock of what we know about this particular car insurance.

Tesla has been offering car insurance in the United States for some time now, with a promise: collect a maximum of data to offer an unbeatable rate for certain drivers. If the crazy steering wheel is probably not there, prudent drivers recognize that the price has lowered compared to their former insurance company. According to a job offer posted by Tesla, this model could see the light of day in Europe very soon.

Ensuring its Tesla would soon cost less in France

If the price of electric vehicle insurance is sometimes lower than their thermal counterpart, this is not the case with Tesla. Indeed, according to a study carried out at the end of 2022, the average cost to ensure a Tesla amounts to 915 euros, against 572 euros on average for an electric car.

In the near future, it could be ancient history, if we believe the job offer posted by Tesla:

Tesla Insurance rethinks the way our customers experience insurance and protect their Tesla products.

Tesla Insurance has an exceptional opportunity for a qualified legal advisor, in order to build and direct the internal legal function of the insurance company and guide through the legal and regulatory landscape an insurer operating in a cross -border in Europe.

This is a full -time opportunity, based in our London office.

Currently, Tesla’s insurance is available in certain states of the United States, And it would be the first time that she has exceeded American borders. No one knows for the moment whether European insurance would be launched in all countries, or only in a few handpicked countries.

At the beginning of 2022, Tesla’s financial director had the first bricks of an expansion of Tesla insurance in Europe, indicating that when the difficulties encountered in the USA is much less important, ” Tesla will then turn her attention to the European market“” . It seems that 2023 is the year when some owners of Tesla Model Y or Model 3 will be able to take advantage of an insurance possibly cheaper for their electric racing car.

Want to join a community of enthusiasts ? Our discord welcomes you, it is a place of mutual aid and passion around tech.