Story perspectives
New Car Insurance Rates Surge: Tesla Models Hit Hardest
5/28/2025
50 10
1 of 1
Story summary
- Full-coverage insurance rates for new cars increased by 10% in the past year, with Tesla models rising up to 29%.
- The Tesla Model Y, Model 3, and Model X experienced the highest rate hikes.
- Rising premiums are attributed to escalating repair costs for electric vehicles.
- While advanced safety features reduce crash risk, they contribute to higher repair costs, affecting insurance rates.
