Sounds Like Insurance on Teslas Is Going to Skyrocket Because of All the Vandalism

It was already expensive to insure a Tesla — and now, it looks like it's going to get even more costly. In interviews with Newsweek, insurance experts are sounding alarm bells about a potential rate hike due to the spate of anti-Elon Musk vandalism targeting Teslas around the United States. "If vandalism involving Tesla vehicles continues to rise and doesn't go back down, we could see rates rise for comprehensive coverage in the future," explained Matt Brannon, a data journalist with the comparison shopping site Insurify. With car insurance on the rise nationally, rate hikes across the board are unfortunately par for the course. But as Brannon noted, Teslas are already one of the most expensive makes to insure, with Model 3s weighing in at an eye-watering $4,362 per year. That's substantially more expensive than a Mercedes Benz A-Class, which according to the insurance site CarEdge costs just under $2,600 per year to insure. Beyond Tesla already punching above other cars in insuran ... Read full article.