Are you wondering about Tesla Car Insurance Singapore 2024? The cost of EV insurance in other countries can differ significantly, so comparing rates is crucial. This article will outline what you can expect to pay for your new Tesla Car Insurance Singapore policy and what options are available to you. If you’re planning on driving a Tesla, this is the best time to find out about the various options and the different pricing structures.
Cost of Tesla car Insurance in Singapore 2024
If you’re looking for car insurance, consider a Tesla. The cost of a Tesla’s premium is determined by several factors, including its make and model. Generally, the more expensive the car, the higher the insurance premium will be. According to a report from NTUC Income, insurance premiums for the three top-of-the-range electric cars will be proportional to the higher price.
Tesla Car Insurance Singapore costs between S$160,000 and S$200,000 in Singapore. The car’s range is an impressive 567km. The Performance variant is equipped with all-wheel drive capability, which improves agility and control. The car is expected to cost about S$160,000 to S$200,000, which is slightly less than a BMW 320i Sedan. The cost of Tesla car insurance in Singapore is, therefore, higher than that of comparable petrol or diesel vehicles.
Cost Of EV Insurance In Other States
The cost of insurance for an electric vehicle (EV) varies by state. There are several factors to consider, such as the type of vehicle, model, and engine size. You may be surprised to find that some EV models are more expensive to insure than Tesla Car Insurance Singapore. You may want to ask your insurance agent about EV insurance before purchasing your vehicle. But you should also know that auto insurance companies will offer discounts to EV owners, so you should shop around before you buy.
The cost of electric vehicle insurance in Florida is the highest in the U.S., at $313 per month. However, the cost of insurance for an EV varies significantly from state to state, with prices as high as $644 in Florida. The lowest-cost state for EV insurance is North Carolina, at $11 a month. And the highest premium? It’s $318 per month in Mississippi. Tesla Car Insurance Singapore is between S$160,000 and S$200,000.
Cost of EV Insurance in Singapore 2024
The cost of Tesla car insurance in Singapore varies depending on the model and the make of the car. Generally, the costlier the car, the higher the insurance premium. An NTUC Income study compares the insurance premiums for three popular electric cars. It assumes that a Tesla owner will drive the vehicle for 20,000 km per year. The premium for each electric car increases proportionally with its price.
The cost of EV car insurance is very high, and it is important to know the limits of the policy. Insurers may offer per-kilometer or annual policies, so you need to know what type of insurance you want. It may be cheaper to insure an electric car per kilometer than an ordinary car, especially if you don’t drive a lot. However, you may need to pay more for Tesla Car Insurance Singapore if you don’t have driving experience.
Tesla Car Insurance Singapore 2024
There are a few different types of electric vehicle insurance in Singapore, and it may be helpful to know the differences between them. Despite being relatively new in the local market, Tesla cars are still a rarity. Because of this, it will take some time before premiums for EV insurance in Singapore will be determined.
You may also find it difficult to compare premiums between the two types of insurance because not all insurers offer the same options for petrol and diesel car owners. For example, pay-per-kilometer insurance is a popular choice with some EV insurers. However, if you do not plan to drive your electric vehicle much, this might not be the best choice.
List of Tesla Electric Car Insurance in Singapore 2024
If you’re not planning to opt into the default Car Insurance provided by your authorized dealer and are looking for direct purchase car insurance plans, there are only 5 EV Car Insurance options at the moment. Now See The Below Table Tesla Car Insurance Singapore:
|Electric Car Insured||Electric Car EV Insurance||Sample Premium (NO NCD)|
|Audi, BMW, BYD, Honda, Hyundai, KIA, MG, Mini, Nissan, Renault, Tesla||NTUC Income Electric Car Insurance||$3,335.45 per year for BMW i3|
|Tesla||Liberty Insurance InsureMyTesla||Approx. $4,000 per year|
|Tesla||G&M Tesla Insurance||$900 to $4,000 per year|
|All Private EVs||Allianz Electric Motor Protect||Get quotes from Allianz Financial Advisors (no direct purchase)|
|All Private EVs||AXA Car Insurance (ceasing 2022)||—–|
When comparing Tesla Car Insurance Singapore, it is important to remember that the cost of the vehicle will determine the type of insurance that you are offered. In general, electric vehicles are more expensive to manufacture than petrol cars, so insurance premiums are higher. Tesla Car Insurance Singapore is benefitting the customers. So go ahead if you want to take advantage of it.