Tesla Insurance in Illinois: Everything You Need to Know

Are you a Tesla owner in Illinois? Are you wondering about Tesla insurance and how it differs from standard auto insurance policies? Look no further, because we have all the answers for you in this guide. Below, we’ll provide a breakdown of Tesla insurance options, coverages, discounts, and more.

What is Tesla Insurance?

Tesla Insurance is a comprehensive auto insurance policy designed specifically for Tesla owners. Launched in 2019, Tesla Insurance is available in select states, including Illinois. The insurance is underwritten by State National Insurance Company and is backed by Tesla’s own financial resources.

Tesla Insurance aims to provide Tesla owners with affordable rates, superior coverage, and hassle-free claims service. The insurance policy includes a variety of coverages, discounts, and perks that are not necessarily available through traditional insurance companies.

Tesla Insurance Coverage Options

Tesla Insurance policies offer a variety of coverage options, including:

Coverage
Description
Liability Coverage
Covers bodily injury and property damage to others caused by you or a covered driver, up to the policy limits.
Collision Coverage
Covers damage to your Tesla caused by a collision with another vehicle or object.
Comprehensive Coverage
Covers damage to your Tesla caused by events such as theft, vandalism, and natural disasters.
Uninsured/Underinsured Motorist Coverage
Covers you and your passengers if you’re involved in an accident with an uninsured or underinsured driver.
Personal Injury Protection
Covers medical expenses and lost wages for you and your passengers, regardless of who is at fault.

How Does Tesla Insurance Work?

To purchase Tesla Insurance, you must be a Tesla owner in Illinois. You can purchase the policy directly through your Tesla account, either online or through the Tesla mobile app.

When you purchase a Tesla, the company automatically provides you with a quote for Tesla Insurance. This quote is based on your individual driving history, location, and other factors. You can choose to accept the quote or shop around for other insurance options.

Once you’ve purchased a Tesla Insurance policy, you can manage your policy, make payments, and file claims through your Tesla account. Tesla Insurance also has a 24/7 claims hotline to assist you with any accidents or claims.

What Makes Tesla Insurance Different?

Unlike traditional auto insurance policies, Tesla Insurance is designed to work seamlessly with Tesla vehicles. As a result, the policy includes a number of unique features and benefits, including:

Price Matching

If you already have an auto insurance policy, Tesla Insurance will match or beat your current rates. This means you can get comprehensive coverage that’s tailored to your Tesla at a price that’s comparable to your current policy.

Tesla-Approved Body Shops

If you need repairs after an accident, Tesla Insurance will work with Tesla-approved body shops to ensure that your Tesla is repaired to factory standards.

Replacement Cost Coverage

If your Tesla is totaled or stolen, Tesla Insurance will cover the replacement cost of a new Tesla that’s the same make, model, and year as your original vehicle. This means you won’t have to settle for a lesser vehicle or pay out of pocket for a new Tesla.

FAQ

What are the requirements to qualify for Tesla Insurance?

To qualify for Tesla Insurance, you must be a Tesla owner in Illinois. You must also have a valid driver’s license and a good driving record.

Do I have to purchase Tesla Insurance?

No, you are not required to purchase Tesla Insurance. However, Tesla Insurance may offer better rates and coverage than other insurance options, so it’s definitely worth considering.

How much does Tesla Insurance cost?

The cost of Tesla Insurance varies depending on a number of factors, including your driving history, location, and coverage options. To get a quote for Tesla Insurance, you can log in to your Tesla account and follow the prompts.

Can I bundle my Tesla Insurance with other types of insurance?

Tesla Insurance does not currently offer bundle discounts with other types of insurance. However, you may be able to bundle your Tesla policy with other types of insurance through other providers.

Is Tesla Insurance available in all states?

No, Tesla Insurance is currently only available in select states, including Illinois. However, Tesla plans to expand its insurance offerings to more states in the future.

What should I do if I need to file a claim?

If you need to file a claim with Tesla Insurance, you can do so through your Tesla account or by calling the 24/7 claims hotline. A Tesla Insurance representative will guide you through the claims process and help you get your Tesla back on the road as soon as possible.

Overall, Tesla Insurance in Illinois offers Tesla owners a unique and tailored insurance option that provides comprehensive coverage, a hassle-free claims process, and a range of benefits and perks. If you’re in the market for auto insurance and you own a Tesla, be sure to check out Tesla Insurance to see if it’s the right fit for you.