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Tesla Car Insurance

Tesla Insurance
There are a lot of car manufacturers in the world car market, but only a few make innovations that change how we approach the future. One such company is Tesla, Inc., an American multinational automotive company that also focuses on clean energy solutions. Tesla is known for their range of battery electric vehicles (BEVs) that are decked out with ingenious features and stylish looks with a special focus on luxury and comfort. However, to point out two of its best characteristics, we have to mention the incredible acceleration and autopilot of the Tesla cars. Sealing its name in the industry with the 1st Generation Roadster, the current offerings from the company include the Model S, Model 3, Model X, Model Y, Cybertruck, etc.
If you are an EV enthusiast who appreciates luxury vehicles with innovative features and top-of-the-line specifications, Tesla cars are the way to go. In India, both Tesla owners as well as soon-to-be Tesla owners need to think about getting a proper car insurance policy for their Tesla. Roads are unpredictable, and mishaps can cause massive financial damage/loss, which can be difficult to cope with. This is why investing in Tesla insurance comes in handy. For different Tesla insurance options, you can check out the offerings by HDFC ERGO.

Why Do You Need Car Insurance for Your Tesla?

Here are some of the many reasons why having car insurance for your Tesla is an utmost necessity;

1

Liability protection

Tesla car insurance comes with liability coverage. So, in case your car causes an accident that results in bodily injury, death or property damage of a third party, any legal liabilities arising out of this situation will be covered under Tesla insurance. It enables you to take care of the situation and compensate for the damages efficiently.
2

Financial coverage

Fixing up your Tesla means expensive repair bills. However, for damages caused by factors beyond your control, it doesn’t make sense to drain your wallet to get the necessary repairs done. The financial coverage of Tesla insurance covers damages/losses caused by insured perils, so you don’t have to spend the big coins from your end.
3

Ease of repairs

Getting repairs done with Tesla insurance is much easier. You not only get prompt claim settlements and adequate financial compensation but also have access to quality repairs that you can avail yourself of from any of the cashless garages under the insurer’s network.
4

Tension-free
vehicle-owning experience

Having valid Tesla insurance lets you stay on the good side of the law, and its financial cover keeps you protected against a wide range of unforeseen events, including third-party liabilities and own damages. This eliminates a lot of the worries that car owners experience, giving them the ultimate financial and mental peace.
5

Extensive coverage

Tesla insurance is noted for its extensive coverage range that not only includes third-party liabilities but also own damages caused by an array of unfortunate events. It protects your vehicle from damages/losses rendered by perils such as theft, natural calamities, man-made hazards, fire, etc.
6

Law abidance

As per the Motor Vehicles Act 1988, all cars in India must be equipped with valid four-wheeler insurance that offers third-party liability protection at a minimum. To abide by this rule, you need to have valid insurance for your Tesla; otherwise, driving it on public roads will be illegal and attract hefty fines.

How to Buy Tesla Car Insurance?

You can buy Tesla insurance offline by visiting any nearby HDFC ERGO branch or you can buy the policy online. Here’s how you can get it done;

Open your browser

Visit the official HDFC ERGO car insurance page on a browser of your choice and enter the details that the page asks for, i.e., your name, vehicle registration number, etc. After this, simply click on “Get A Quote” following the phone number OTP verification step.

Select Plan

On the next screen, you will need to provide further details of the car, i.e., its make, model and variant, details about its registration, etc. Then you can choose from the available coverage options. You can sum this step up by providing details of the previous car insurance policy.

Complete payment

After entering your contact information, you will be able to get the policy premium quote. You can then customise your plan by adjusting IDV, selecting add-ons, etc. Once you’re done, fill in your details and complete online payment to complete the purchase.

Why Buy Tesla Car Insurance Online?

Buying Tesla car insurance online is very easy and anyone can get it done in just under a few minutes. Here are some main reasons to buy Tesla insurance online;

1

Plenty of options

On the internet, you can get access to various car insurance plans from different insurers. The options offline are quite limited as you are bounded by time and location. So, when purchasing car plans online, you can go through all available options to find the most fitting deal.
2

Easy to compare

Buying Tesla insurance online makes comparing between the top options very easy. With just a push of some buttons, you can compare plans from the same or across different insurers to find which policy offers the better coverage for the price. You can consider factors like price, inclusions, exclusions, etc., for your comparison.
3

Full transparency

When buying Tesla insurance online from the company website or app, you are dealing with the insurer directly. You will not have to deal with any pesky salesperson or middleman and hence can make a sound decision yourself free of any third-party influence. Also, with access to the internet, you can verify and check everything before finalising the purchase.
4

No hidden charges

As there is no inclusion of a salesperson or middleman when buying Tesla insurance online, you don’t have to worry about paying anything extra for commission. You can check the detailed Tesla insurance premium breakup before checkout to know exactly what you are paying for.
5

Saves time and paper

You can check multiple plans from different insurers and purchase the policy of your choice just from your phone or computer. As there’s no physical need to visit the offices of the insurers, buying Tesla insurance online can save you a lot of time and effort. Additionally, the procedure is digital so no need to go through the hassle of paperwork.
6

Quick quotes

You can avail of the online premium calculator tool from the insurer’s page to get instant estimates on your desired policies. All you need to do is provide the details of the car and your ideal coverage needs and you will get the quotes. This lets you adjust your plan accordingly to find the best coverage in your preferred budget.

Tesla Car Insurance Policy Inclusions & Exclusions

Following is a list of things that Tesla car insurance usually offers coverage for;

Covered in Car insurance policy - Accidents

Accidents

The Tesla car insurance covers damages that your car suffers in an accident. It helps cover the expensive repair bills.

Covered in Car insurance policy - fire explosion

Fire & Explosion

Worried about your car catching fire or getting damaged due to an explosion? With Tesla car insurance, you don’t have to worry as it covers damages caused by such mishaps.

Covered in Car insurance policy - theft

Theft

With Tesla car insurance, you won’t have to fret about losing your car to theft. In case your Tesla is stolen and not recovered, you will receive adequate financial compensation for the loss with respect to the vehicle IDV and policy terms.

Covered in Car insurance policy - Calamities

Natural/man-made calamities

The Tesla car insurance covers losses/damages to your car caused by natural calamities, like floods, storms, earthquakes, etc., or man-made hazards, like riots, strikes, terrorism, etc.

Covered in Car insurance policy - Personal accident

Personal Accident Cover

If the owner-driver suffers injuries, death or disability due to an accident, they or their nominees will receive financial compensation of up to INR 15 lakhs under the PA cover.

Covered in Car insurance policy - third party Damage

Third Party liabilities

Third-party legal liabilities arising out of the use of the car for third-party accidental death, injury or property damage will be covered under the policy.

In-transit damage

In-transit damage

If your Tesla suffers damages while being transported by road, inland waterway, rail or lift, the policy will cover the losses.

Types of Car Insurance We Provide

You can pick from four types of Tesla car insurance from HDFC ERGO. Here is a detailed list of what we offer;

If you want exhaustive coverage for your Tesla, you need to invest in a comprehensive car insurance plan. It is an elaborate policy that protects against not only own damages caused by insured perils but also third-party legal liabilities caused by the insured vehicle. It comes with cashless features and the ability to edit vehicle IDV and select add-ons.

X
Suitable for car lovers seeking all rounded protection, this plan covers:

Accident

Personal accident cover

Natural calamities

Third-party liability

Choice of add-ons

Theft

EXPLORE MORE

Third party car insurance only offers the base coverage required by the law, i.e., third-party legal liability cover. It means that in case your car causes an accident that leads to third-party fatalities, injuries or property damage, the third-party car insurance will take care of the arising legal liabilities due to it.

X
Suitable for those who use the car infrequently, this plan covers:

Personal accident cover

Third-party property damage

Injury to a third-party person

The standalone own damage cover only covers the damages that your Tesla suffers due to fire, theft, accidents or any other insured peril. This plan is optional and doesn’t offer any third-party cover. You can pick this plan to secure your car against own damages on top of an existing third-party plan.

X
Suitable for those who already have a valid third party cover, this plan covers:

Accident

Natural Calamities

Fire

Choice of add-ons

Theft

New Tesla car buyers can opt for this car insurance policy. It is a long-term plan for new cars that offers own damage cover for a year alongside third-party liability cover for three years.

X
Suitable for those who have purchased a brand new car, this plan covers:

Accident

Natural Calamities

Personal accident

Third-party liability

Choice of add-ons

Theft

How to Make a Claim for Your Tesla Car Insurance Policy?

Making Tesla insurance claims with HDFC ERGO is only a four-step process. Here’s what you need to follow;

  • Step #1
    Step 1
    First, you need to register the car insurance claim with us. You can do so by calling us on our official toll-free number or via our official WhatsApp number.
  • Step #2
    Step 2
    Go through the survey procedure where one of our surveyors will inspect your vehicle and its damages and send us its report. You also need to upload the documents associated with the specific car insurance claim on the portal as instructed by our official.
  • Step #3
    Step 3
    You can get your Tesla fixed at a repair facility of your choice, pay the bill from your pocket and submit paperwork for reimbursement claims. For cashless claims, you need to get your Tesla fixed at one of our network garages.
  • Step #4
    Step 4
    Cashless and reimbursement claims that are approved will be settled with the network garage and vehicle owner, respectively.
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Frequently Asked Questions on Tesla Car Insurance


Yes. In India, you need to have valid car insurance for your car, regardless of whether it is a traditional car or an EV. Without a valid insurance, you won’t be able to legally operate your Tesla on public roads in India.

The comprehensive Tesla car insurance generally offers coverage against accidental damages, theft, third-party liabilities, in-transit damage, natural/man-made calamities, etc.

The standard Tesla car insurance doesn’t cover depreciation. However, with a zero depreciation add-on, you can get coverage for depreciation, i.e., reduction of the car’s value with time and usage.

Yes. With comprehensive Tesla insurance, you can avail of the cashless repair facilities via any of the partnered garages under the insurer’s network.

Yes. To check the present details of your Tesla car insurance, simply sign in to the website or app of the insurer with your credentials, go to the active policy section, choose the Tesla insurance and check its details.

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