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Average annual insurance cost: $4,347. Tesla turns the laws of the insurance universe on its head. Just as the most expensive model, the Cybertruck, has the lowest average insurance costs, ...
2. Tesla. Average cost to insure: $251 per month or $3,007 per year Teslas are high-tech electric vehicles, and their repairs can be quite expensive due to the price of replacement parts.
With a Tesla Model S, Tesla is the make and Model S is the model. ... As a result, luxury and foreign vehicles are usually more expensive to insure. Average cost of car insurance by make and model.
Some cars are more cost-effective to insure than others for a variety of reasons, including their safety features and reliability. ... Tesla: $251 a month. BMW: $195 a month.
Teslas are already more expensive to insure than the average vehicle. The average annual rate for a Tesla Model 3 is $2,221, compared to an industry average annual rate of $1,776, according to ...
The national average cost of state-mandated liability insurance increased to $1,154. In 2023, average wage growth was 638% lower than the increase in auto insurance premiums.
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