So many people are buying Teslas — but are they ready for the costly insurance?

  • Date: 19-Dec-2021
  • Source: Yahoo News
  • Sector:Transport
  • Country:Gulf
  • Who else needs to know?

So many people are buying Teslas — but are they ready for the costly insurance?

If you feel like you're seeing that shiny metal "T" more on the road, you're not mistaken. Electric vehicles sales are soaring, and Tesla is leading the charge.

The number of newly registered electrical vehicles in the U.S. more than doubled in the first half of 2021 compared to the same time last year, says a recent report by Experian. Elon Musk's car company commands a nearly 66% share.

But even though many Americans have decided a Tesla is worth the high sticker price, they could be in for a shock when they try to find affordable insurance for these technological and ecological marvels.