Video Summary
Here's the summary:When buying directly from Tesla, the vehicle must be added to an insurance policy before delivery.
Tesla insurance is not available in every state.
Tesla insurance for the Cybertruck in the reviewer's area is $191 for the first month.
Tesla insurance asks for the annual mileage driven, which is used to calculate the premium for the first two months. Mileage will then be updated monthly based on the actual data.
The reviewer estimated 0-1000 miles per year to get the lowest rate.
After two months, Tesla reevaluates driving history and adjusts the premium accordingly.
Tesla insurance liability limits were only $100,000 per accident.
Tesla will penalize you if you drive late at night, take turns too fast, or have a lot of autopilot disengagements.
Adding the Cybertruck onto an existing insurance policy for the next 10.5 months, with higher limits, was $929.
The current insurance company was cheaper than Tesla insurance, by almost half.
It’s cheaper to pay annually.
For all the insurance policies the reviewer has, all yearly renewable rates.
For the Cybertruck it only cost $88/month. This included a teenager as one of the drivers.
If any of the glass on the truck breaks, there's a $100 deductible.
Tesla insurance is convenient, but it’s best to check rates compared to other companies.
Tesla insurance bases premiums on mileage, penalizing high mileage, late-night driving, and a bad safety score.
It’s recommended to shop around and have different companies, since some companies are more friendly to EVs than others. The Cybertruck insurance was about the same as insuring the 2024 Model Y.
