How to choose car insurance for a Tesla Model 3

Four things decide it: what the plan covers, your no-claim discount, where the car is repaired, and who drives. Ten insurers price this Tesla Model 3 today. Today the lowest price on this page is S$697.24, from Allianz. That is for one example driver, not what you will pay.

What does the example Tesla Model 3 assume?

It assumes a Tesla Model 3 (110kW) registered 3 years ago and used privately, with comprehensive cover. The main driver is 40, married, has an office job and has driven for 10 years.

The example also assumes a 50% no-claim discount, no claims, repairs at an authorised workshop and no options. Change any of these and your price changes too. Treat the figures as a starting point, not a quote.

How big is the price gap between insurers?

The gap is wide. Today the prices for this example run from S$697.24 to S$6,154.07.

So two plans for the same car and the same driver can sit far apart. That does not tell you the dearer plan is worse or the lower one is better. It tells you that looking at one insurer only is a weak comparison.

To see where your own case lands, put in your details on the Tesla Model 3 price page. The price is confirmed when you press Buy Now.

Do I need comprehensive cover for a Tesla Model 3?

If you want your own car repaired after an accident, fire or theft, you need comprehensive cover. That is what the example prices. It depends on your own case, including how much the car is worth to you and what you could afford to pay out of pocket.

A comprehensive plan on this site covers:

• Damage to your car from accidents, fire and theft
• Injury to other people and damage to their property
• Windscreen repair or replacement
• Personal accident cover for the driver
• 24-hour roadside assistance and towing

Read each plan's list against what you actually use. A windscreen benefit may matter more to one driver than another.

How does my no-claim discount affect the price?

Your no-claim discount is one of the biggest levers on the premium, and it comes from your own record. The example uses a 50% no-claim discount with no claims.

If your discount is lower, or you have made a claim, expect a different price from the one shown. Have your discount level ready before you compare. Check that it matches what your current insurer has on file.

A claim can also change what you pay at the next renewal. If you are weighing a small claim against paying yourself, it helps to read the claims page first.

Does it matter where the car is repaired?

Yes, it can. The example assumes repairs at an authorised workshop. Some plans let you use other workshops, and that can shift the premium.

The point is to match the plan to how you want the car fixed. If you want the brand's own workshop, make sure the plan says so. If you are fine with another workshop, ask what the plan allows.

For an electric car, ask a plain question: does the plan cover the parts you worry about most? Look at how the policy handles the battery and the charging equipment you own. Check the wording on those points rather than assume.

Who can drive my car under the policy?

Only the drivers the policy allows. Drivers not named on the policy are covered only if the terms say so.

So list everyone who will drive, such as a spouse, a parent or an adult child. A younger or less experienced named driver can change the price. The example has one main driver aged 40 with 10 years of driving, so a household with several drivers may see a different figure.

What is not covered?

Some situations fall outside a car policy, whatever the price. On this site's description, these are not covered:

• Driving under the influence of alcohol or drugs
• Drivers not named on the policy, outside its terms
• Private hire, racing or rallies
• Wear and tear, and mechanical breakdown

The private hire point matters if you ever plan to drive for a ride-hailing app. The example is for private use only. If your use changes, the cover may not follow.

What should I do next?

Start with your own details, then compare plans side by side.

1. Gather your no-claim discount level, your claims record and your driving years.
2. List every driver who will use the car.
3. Decide where you want the car repaired.
4. Go to the car insurance page or the car comparison and enter your details.
5. Read what each plan covers and excludes, not just the premium.

Prices on the page are examples until you press Buy Now, which confirms the price for your case. Through Buy Now you buy via Shenton; the insurer takes payment and issues the policy.

Frequently asked questions

What is the lowest price for a Tesla Model 3 today?

Today the lowest price on this page is S$697.24, from Allianz. It is for the example driver and car described above. Your own price depends on your details and is confirmed when you press Buy Now.

How many insurers price a Tesla Model 3 here?

Today ten insurers price this example. Their prices run from S$697.24 to S$6,154.07. That spread is why comparing is worth the few minutes it takes.

Does the example price include options?

No. The example assumes no options. If you add extras, the price can change, so check what each option adds before you decide.

Is private hire driving covered?

No. Private hire, racing and rallies are listed as not covered. The example is for private use only, so tell the insurer if your use is different.

Compare car insurance for a Tesla Model 3 today

The prices on this page update daily. See every plan priced for a Tesla Model 3, ranked by premium, with what the example assumes, or get a quote with your own details through Shenton Brokers.