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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.
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 ...
Car make and model. Avg. annual full coverage rate. Avg. annual min. coverage rate. BMW 300i. $2,513. $598. Toyota RAV4. $1,869. $612. Honda Odyssey. $ 1,735. $ 575
High Insurance Rates “According to some studies,” Lin said, “electric cars could be more expensive to insure. This is due to their high repair costs and the relatively high cost of the ...
A Tesla car could cost you from $45,000 to well over $200,000 as of June 2022, according to Motor Trend magazine. As of June 20, 2022, a new Tesla Model 3 will run about $48,000, but think twice ...
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