Tesla Cybertruck Car Insurance Rates

One thing is for sure: Tesla’s much-anticipated retro-futuristic Cybertruck will assist develop the new electric truck industry. An electric pickup Tesla Cybertruck Car Insurance Rates is expensive, but the truck itself is very affordable. Tesla’s all-electric pickup truck, the Cybertruck, is well-insured. It costs three times as much to cover a CyberTruck as a standard car insurance policy ($1,300 per year vs. $400/month). It’s a little more expensive than the national average of 4%, but it’s in line with the projected price of electric pickups, which start at $39,9000 for the entry-level cyber truck.

How do I compare insurance for the Cybertruck?

Tesla Cybertruck Car Insurance Rates - Tesla Logo

For electric and freight trucks, cyber truck insurance is expected to be more expensive than usual.

  • Body type. It has one of the highest insurance rates of any car since it is Tesla’s first venture into electric pickup trucks. In addition, the cyber truck has a towing capacity of almost 14,000 pounds and an indestructible body, which increases the cost of insurance.
  • Fuel. Depending on the type, the cyber truck can transport you across a distance of 250 to 500 kilometers on a single charge. Even yet, buying and insuring an EV is more costly than a gas car.
  • Theft is becoming more commonplace. Vehicles driven by electricity are stolen at a far lower rate than those fueled by gasoline, in part because they are left in parking lots still connected to their charging cables. The theft rate of Tesla vehicles is 90% lower than that of conventional cars, according to the Highway Loss Data Institute, therefore the theft rate of the cyber truck should be very low.
  • Maintenance. A Tesla Model S costs $560 a year to maintain, so a cyber truck might cost the same or perhaps more. Service intervals may be longer for electric cars since they are newer to the market. It’s still cheaper to maintain electric vehicles than gas-powered ones.
  • Coverage. The price of the cyber vehicle will range from around $40,000 to $70,000 for the three variants. Your Tesla needs full collision insurance, as well as enough uninsured damage limits and motorsport property coverage. Tesla Insurance may be able to provide insurance to Californians.
  • Warranty. An eight-year, 100,000-mile battery life is standard in a new Tesla, making the car suitable for four years of continuous use. In addition, this guarantee provides unlimited roadside help, so you may dispense with it from your vehicle insurance policy if you so want.
  • Manufacturer’s offer. You should contact your local Tesla store to see if there are any special Cybertruck deals when the car is available.

Does the Tesla Cybertruck qualify for discounts?

The Tesla Cybertruck should, in principle, be eligible for many policy discounts, but the actual savings will vary depending on your model and the insurance provider you choose to deal with.

  • Electric vehicle
  • Passive restraints
  • Active restraints
  • Anti Lock brakes
  • Antitheft system
  • Airbags

How reliable is the Tesla Cybertruck?

Even while ratings comparable to Tesla’s other cars may be reasonable to anticipate before the cyber car is on sale, the official safety and security ratings will remain secret until it is available for purchase. CyberTRK has yet to undergo official safety assessment testing due to its unique design and construction.

  • Safety. Because of its steel alloy structure and bulletproof glass, the cyber truck should pass safety testing. These features are also found on SpaceX rockets. A pickup truck does not have any sharp edges.
  • Reliability. Owners and fans of gasoline-powered automobiles eagerly await word on the truck’s dependability. Older Tesla EVs will never be recognized for their dependability, no matter how many improvements are made to the Tesla Model 3 or other EVs in future. Reduced resiliency means more frequent and expensive maintenance, as well as more expensive insurance rates.
  • Recalls. More than 120,000 Model S vehicles have been recalled by Tesla due to a defective power steering bolt. The Cyber-truck, one of the first all-electric pickups, has a bright future.

Bottom line

Tesla Cybertruck, the first commercially available all-electric pickup truck, will usher in a new era in truck architecture. It’s essential to have a safe vehicle when it comes to insurance, but pairing an electric car with a pickup truck will result in more expensive insurance premiums.

Check out our review of Porsche 911 Insurance Rates for one more car insurance review.