Originating from United States and China, this distinguished Tesla Model 3 is renowned for its exceptional performance and reliability.
As a Premium Compact Sedan with a sleek 4-door sedan body style, it radiates an air of refinement and style. Powered by a robust 54 kWh RWD engine paired with an efficient 1A gearbox, it offers an exhilarating driving experience. With 283hp and 450 Nm of torque at your disposal, acceleration from 0-100 kph takes a swift 5.6 seconds. You can enjoy cruising at a maximum speed of 225kph, while the impressive economy of 333 miles range ensures an efficient and cost-effective ride.
However, even with such an excellent collection of features, the cost of repairing the car in case of damage can pose a significant financial burden for owners. Thus, having the vehicle financially secured by Tesla Model 3 insurance becomes of paramount importance.
To learn more about Tesla Model 3 car insurance in the UAE, including its benefits and prices, keep reading this article.
Types of Tesla Model 3 Car Insurance Plans
When it comes to insuring your Model 3, there are two primary options to consider:
- Third-party insurance: Offers coverage for damages inflicted on other people’s property or bodily injuries caused to others in an accident where you’re at fault
- Comprehensive insurance: Provides an extensive protection covering not only third-party liabilities but also damages to your own Tesla Model 3 due to accidents, theft, or natural calamities. It may also include personal accident cover and roadside assistance.
Considering the value and significance of your Model 3, selecting the right insurance plan tailored to your needs is vital.
Average Tesla Model 3 Insurance Costs
Multiple insurance companies provide coverage for the Tesla Model 3, and prices can vary slightly based on the chosen insurer and plan.
On average, the annual premium typically starts from AED 2800 to AED 9000.
Factors Influencing Insurance Costs
The car insurance cost in the UAE depends on several factors, such as:
- Driver’s Age and Experience: The age and experience of the driver significantly affect the cost of insurance for a Tesla Model 3. Generally, younger drivers and those with less experience are seen as higher risk, leading to higher insurance premiums. For example, a 25-year-old driver with 2 years of experience will likely pay more for insurance than a 40-year-old driver with 20 years of experience.
- Car Usage: How frequently and for what purpose the Tesla Model 3 is used can influence the insurance cost. If the car is used heavily for daily commuting or business, the insurance cost may be higher due to the increased risk of accidents. For instance, a car driven 100 kilometers daily for work will likely have a higher insurance cost than a car driven only 10 kilometers daily for leisure.
- Location: The location where the Tesla Model 3 is primarily used and stored can impact the insurance cost. Areas with high traffic or crime rates might lead to higher insurance premiums due to the increased risk of accidents or theft. For instance, a car parked on a busy street in downtown Dubai might cost more to insure than one in a secure garage in a quiet neighborhood.
- Car’s Value: As the Tesla Model 3 is a high-value vehicle, it can cost more to insure than lower-value cars. Insurance companies consider the cost of repairs or replacement in case of an accident or theft. For example, the cost of replacing a damaged Model 3 will be significantly higher than for a lower-end car, leading to higher insurance premiums.
- Driver’s Claim History: The claim history of the driver plays a crucial role in determining the insurance cost for the Tesla Model 3. Drivers with a history of numerous claims are perceived as high risk, resulting in higher insurance premiums. For example, a driver with three claims in the past five years will likely pay more for insurance than a driver with no claims.
Tips to Reduce Your Car Insurance Premiums in the UAE
- Install a certified anti-theft system
- Opt for a higher deductible
- Limit mileage to lower premiums
- Take advantage of safe driver discounts
- Bundle insurance policies for savings
Eligibility Criteria and Documents Required
Obtaining Tesla Model 3 insurance is straightforward due to minimal eligibility criteria. Ensure you have the required documents for verification during the application process.
Best Tesla Model 3 Car Insurance Providers
Here are the best car insurance providers in the UAE that you can explore:
- AXA Redefining Insurance
- Union Insurance
- Oman Insurance Company
- Noor Takaful
- Dubai Insurance
How to Buy Tesla Model 3 Car Insurance in the UAE?
Ready to purchaseTesla Model 3 insurance in the UAE? CarInsurance.ae provides a seamless and hassle-free process.
We provide a convenient platform to compare various insurance plans from top providers all in one place. You can insure your dream car with just a few clicks.
Just follow these simple steps:
- Visit our Get Quotes page
- Select the Tesla, Model 3, and year of manufacturing of your car
- Select the city where you will be registering the insurance
- Enter the value of your car and specify any previous insurance claims
- Specify the duration of your UAE driving license
- Lastly, select the type of insurance coverage you prefer
And you’re done!
Upon completing these details, you will see a quote for your car. Begin the process now and protect your Tesla Model 3 with the coverage it deserves!
Also check:
FAQs
1. Are Tesla Model 3 cars expensive to insure?
The cost of insuring a Tesla Model 3 in UAE can be higher than average due to its status as a luxury electric vehicle.
2. What to do in case of theft my Tesla Model 3 car?
In case of theft of your Tesla Model 3, immediately report it to the police and your insurance company. They will guide you through the necessary procedures.
3. Why should I buy comprehensive car insurance for my Tesla Model 3 car?
Comprehensive car insurance for your Tesla Model 3 is recommended as it covers all types of damages and losses, including those from accidents, theft, and natural disasters.