I’m considering leasing a Tesla Model 3, but my insurer (Travelers) is quoting me an insurance premium that’s higher than the monthly lease payments on the Tesla. Needless to say this is a big turn off. Insurance premiums for Teslas seem to be significantly higher vs other car brands. Anyone had any good rates from other insurers for their Tesla? Appreciate any tips. FWIW, I’m in Georgia, and we have a driver under 25 at home, which I imagine also factors into the high premiums.

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You really need to shop every carrier for Teslas. Rates are all over the spectrum

EV premium tends to be higher than ICE.

Tesla has its own insurance too

Tesla Insurance is active only in ~11 states or so. Also the claims experience appears to be horrendous based on customer reviews and news articles.

While my insurance did go up by a few dollars, in no was it more expensive than my monthly. That sounds absolutely insane

Which insurance carrier do you have?

I believe you because I drive an Acura and I live in ATL. My insurance is through the roof with no accidents, tickets, etc. GA has high premiums typically. Also, if you drive a car that can go 0-60 in 3 seconds, there’s a high probability that car will cost a lot to insure.

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