InsureMyTesla car insurance review | finder.com

InsureMyTesla car insurance review

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InsureMyTesla
  • New Car Replacement
  • Roadside Assistance
  • Collision coverage

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Get back to the future with a one-stop shop for buying and insuring your Tesla.

  • Get a quote if you want guaranteed rates and specialized coverage.
  • Pick something else if you find wider coverage elsewhere.
  • Tesla car owners can apply.
States served All 50 states
Roadside assistance Optional
Pay schedule 12 months, monthly
Claims methods online, phone
New car protection Yes
Accident forgiveness Yes

Pros

  • One-stop shop.
  • Guaranteed rates.
  • Pro-electric company.

Cons

  • Similar benefits to competitors.
  • Brand new service.
  • Limited coverage information.
  • Mixed customer reviews.
Anti-theft device discount Yes
Bundling discount Yes
Defensive driving discount Yes
Good student discount Yes
Loyalty discount Yes
Homeowner discount No
Military discount No
Safety device discount Yes
Special employment discount Yes
Usage-based discount Yes
Other discounts
Rideshare coverage yes
SR-22 coverage Yes
Temporary & short term coverage yes

What car insurance coverage does InsureMyTesla offer?

Tesla is stepping into the insurance game. Although only some options are listed on its Liberty Mutual partner page, you can expect standard coverage.

  • Property damage liability. Pay for vehicle and property damage to the other person involved in an accident you cause.
  • Bodily injury liability. Make sure other drivers and passengers get their medical bills covered.
  • Uninsured/underinsured motorist. Cover you and your Tesla for physical damage and injuries should the driver at fault not carry enough insurance.
  • Medical payments. Take care of medical bills for you and your passengers, no matter who’s at fault for the collision.
  • Collision. Take care of physical damage repairs. Usually applies during an at-fault situation.
  • Comprehensive. Protect your ride from all types of accidents, including theft, weather damage or hitting an animal.

What extra benefits and add-ons does InsureMyTesla offer?

The company offers multiple benefits for insuring through its own program. However, these benefits look similar to current Liberty Mutual offerings.

  • Accident forgiveness. Earn this reward through safe driving and an accident-free history, and you won’t see a rate increase if an accident happens.
  • 12-month rate guarantee. While many insurers hike up electric car rates, InsureMyTesla locks yours in for a full year.
  • New car replacement. Get your 1-year-old Tesla replaced with the same model and year, without factoring in depreciation. Must have less than 15,000 miles on it.
  • Better car replacement. Choose this add-on to replace your car with one that’s one model year newer if your car is totaled.
  • Genuine replacement parts. Ensure you keep your Tesla original with manufacturer-specific parts.
  • Loss of wages. Opt for coverage for lost income due to accident-related injuries.
  • Roadside assistance. Get help with roadside needs 24/7, beyond Tesla’s standard coverage. This may be especially helpful when Tesla’s warranty runs out.
  • Employee parking. Protect your Tesla and your belongings from damage while parked at your workplace.
  • Rental car reimbursement. Get the cost of a rental car covered while your car is in the shop.
  • Deductible fund. Pay toward your deductible now so it’s less of a surprise later.

What discounts can I get with InsureMyTesla?

Tesla’s insurer offers several discounts you might qualify for, including:

  • Safety features. The company offers discounts for the usual antitheft system and antilock brakes, as well as having electronic stability control and a rearview camera.
  • Multicar discount. Own multiple Teslas? Save money by insuring all your cars under this brand.
  • Driver tracking. Save up to 30% by tracking your driving habits for 90 days through your smartphone. Safe drivers get rewarded.
  • Military. Get a premium cut if you’re active, retired or reserved U.S. Armed Forces.

Pros and cons of InsureMyTesla car insurance

Pros

  • One-stop shop. Leave it to Tesla to rethink insurance by combining the buying and purchase process.
  • Guaranteed rates. Your environmentally-friendly vehicle gets the locked-in rates it deserves for a full 12 months.
  • Pro-electric company. While many insurers don’t factor in your EV’s improved safety, Tesla accounts for it in its own rates.

Cons

  • Similar benefits to competitors. Besides special partner rates, InsureMyTesla offers few benefits that stand apart from its competitors.
  • Brand new service. New services mean the company may be smoothing out the bumps in its coverage and claims process. However, Tesla’s partner is an experienced insurer.
  • Limited coverage information. Service details and information are hard to find until you begin the quote process.
  • Mixed customer reviews. Tesla owners on forums give mixed reviews about pricing and coverage, and many opt for coverage elsewhere.

Alternatives to InsureMyTesla

Name Product Roadside assistance New car protection Accident forgiveness Available states
Optional
All 50 states
Save up to 31% with safe driver discounts and bundling all your rides in one convenient policy.
Optional
AZ, CA, IL, NJ, OR, PA, VA, WA
Drive less than 30 miles a day? Save on the coverage you need with pay-per-mile insurance from Metromile. Get a low monthly rate then pay just a few cents per mile. Available in AZ, CA, IL, NJ, OR, PA, VA and WA.
Optional
Drivers in these states can apply: AK, AL, AZ, CA, CT, DC, FL, GA, HI, ID, KS, MA, MD, ME, MT, NC, NE, NH, NJ, NY, OH, OR, SC, TN, TX, UT, VA, VT, WA, WY
As the nation’s second largest auto insurance company, Geico streamlines the process of purchasing car insurance. Drivers in these states can apply: AK, AL, AZ, CA, CT, DC, FL, GA, HI, ID, KS, MA, MD, ME, MT, NC, NE, NH, NJ, NY, OH, OR, SC, TN, TX, UT, VA, VT, WA and WY.
All 50 states
Enjoy having your own dedicated agent to help you get the best discounts and coverage.
Optional
All 50 states
Car insurance through Liberty Mutual will give coverage options for almost any situation.
AZ, AR, CO, DE, GA, IL, IN, IA, KY, LA, MD, MI, MS, MT, NE, NM, ND, OH, OK, OR, PA, SC, TX, UT
Root offers simple, affordable insurance that’s ideal for good drivers. Try the Root app for 2 weeks and see how much you could save. Available in 24 states.
All states except AK, DE, HI, MT, NH, VT, WY
Esurance offers a modern online and mobile experience that helps you take your insurance on the go. Available in 42 states.
All 50 states
Backed by nearly 100 years in the business, Farmers Insurance aims to offer options and support to help you find the coverage you need.

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How to apply for InsureMyTesla car insurance

To get started with InsureMyTesla, you can get a quote online or by calling 800-699-5860. For online:

  1. Start a quote on the Liberty Mutual partner page by entering your ZIP code. Choose Auto and other bundled policy needs and click Get a quote.
  2. Fill in your personal information and click Save & continue.
  3. Enter vehicle and driver details. Click Save & continue.
  4. Choose coverage and receive your quote.
  5. Fill in payment information and finalize your policy.

What info do I need to apply?

Make the quoting process quick and easy with several key pieces of information:

  • Home address, phone number and email
  • Vehicle model and license plate number or VIN
  • Driving record
  • Coverage needs
  • Bank account or credit card information

How to make a claim with InsureMyTesla

To make a claim, you’ll need to contact Liberty Mutual either online, by phone or via the mobile app.

  • Online. Log into your customer account to file your auto claim 24/7.
  • Phone. Get in touch with a Liberty Mutual representative at 844-825-2467.
  • App. Report accident details at your convenience directly from your phone.

Bottom line

Tesla formulated a futuristic idea of car buying and insuring in one place. Although the service offers multiple coverage options, it appears to have fewer benefits different from its competitors and has received mixed customer reviews

Compare multiple providers to make sure you’re getting the best deal for your Tesla.

Frequently asked questions about InsureMyTesla car insurance

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