Tesla Insurance: New Car Replacement – Pro Tip

One of the most exciting moments for a Tesla owner is when they finally take delivery of their new vehicle. However, accidents can happen, and if you find yourself in a situation where your new Tesla has been involved in a major accident, you’ll want to make sure you have the right insurance coverage in place. One option you may want to consider is “New Car Replacement” coverage, which can be added to your existing auto insurance policy for as little as $3 per month.

New Car Replacement coverage is a form of insurance that will provide you with a brand new Tesla of the same make and model if your vehicle is deemed a total loss within the first year of ownership. Without this coverage, your insurance company may only provide you with the current market value of your car, which can be significantly less than what you paid for it. This can leave you with a financial gap to cover in order to purchase a new Tesla.

Tesla-Insurance
Tesla Insurance: New Car Replacement - Pro Tip 1

To make sure you have this coverage, it’s important to contact your insurance provider and ask if it’s already included in your policy. If it’s not, you may be able to add it for a nominal fee. While it’s an additional cost, the peace of mind it provides is well worth it. With New Car Replacement coverage, you can rest easy knowing that if the worst happens, you’ll be able to get back on the road in a brand-new Tesla without breaking the bank.

Are you hungry for more Pro Tips that will take your driving experience to the next level? Head over to our Tesla Pro Tips page, where you’ll find all of our summarized tips in one convenient spot.

Erwin Meyer
Erwin Meyer

A renowned Tesla enthusiast, and successful entrepreneur, enlightens global audiences through his compelling EV narratives. Discover more about his electric journey on his About Me page. Venture to read Erwin's incredible story that's reshaping the future of motoring. Want to spark a conversation with Erwin? Visit his Contact page, and let’s electrify the world together.