Ontario Tesla Insurance
The right insurance protection for your Tesla model.
- Customized insurance protection for your lifestyle
- Additional coverage options available
- Expert insurance brokers at your service
In Ontario, having the proper car insurance for any vehicle on the road is mandatory. The array of insurance products available for Teslas includes coverage for third-party liability, accident benefits, direct compensation property damage, uninsured automobile coverage and more. Mandatory coverages include:
Covers losses suffered by the insured driver, passengers, and pedestrians, including lost wages, medical expenses, equipment and devices needed due to injuries, travel between medical facilities, lost tuition costs, and caregiver benefits
Third-Party Liability Coverage
Financially protects you if at fault for injury of another person, covering legal fees, repairs and replacements for the third-party vehicle, third-party property damage, and lost wages or tuition
Direct Compensation Property Damage Coverage (DCPD)
Covers damage to your vehicle and contents when not at fault. Conditions: must not be at fault, at least one other insured vehicle involved, accident must occur in Ontario
Uninsured Automobile Coverage
Covers situations where the other driver is unidentified or uninsured, including hit-and-run, unidentified or uninsured at-fault driver, at-fault driver with insufficient coverage, and collision with uninsured driver
Standard auto insurance may not provide the coverage you require for a luxury electric vehicle like a Tesla. Optional coverages and endorsements include:
Collision or Upset Coverage
Covers collision regardless of fault; includes collisions with vehicles and objects (not animals)
Comprehensive Coverage
Covers events other than collision, including natural disasters, animals, vandalism, theft, and falling objects
All Perils Coverage
Broadest coverage; covers everything except situations explicitly excluded in the policy
Loss of Use (OPCF 20)
Reimburses transportation costs while vehicle is inoperable due to insured peril
Liability for Non-Owned Automobiles (OPCF 27)
Covers rental and borrowed vehicles
Emergency Roadside Assistance (OPCF 35)
Covers towing after insured loss
Removing Depreciation Deduction (OPCF 43)
Waives depreciation for brand-new cars on a claim
Specialized coverage built around your collector vehicle's true value.
Tell us about your insurance needs and current coverage.
We shop multiple trusted insurers to find coverage that fits your needs and budget.
Review your options, choose what fits your needs, and get your policy started, often the same day.
Serving all of Ontario, our brokers are available in every region. Find the closest office to you.
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Our licensed brokers help clients throughout Ontario — virtually, by phone, or in person.
Are There Discounts Available For Tesla Insurance?
Yes. Tesla vehicle owners can qualify for many car insurance discounts provided by companies in Canada. When you get a Tesla insurance quote, many discounts are calculated into the final price but not acknowledged as discounts. Some of these discounts are below.
Can I Lower My Tesla Insurance Quote?
Besides using discounts, you can do a few things to lower your Tesla Insurance quote. They include the following:
Who Needs Tesla Insurance?
Everyone who owns a Tesla needs to have Tesla insurance. In Ontario, having the proper car insurance for any vehicle on the road is mandatory. If you own a Tesla model, you should have Tesla insurance that protects your luxury car and all its features. In the event of a loss, you will want to ensure you have the proper coverage to repair or replace your Tesla, and standard auto insurance may not provide the coverage you require.
Which Companies Offer Tesla Insurance?
Many Canadian auto insurance providers offer Tesla car insurance. To save time, work with a broker who can help you find the best automobile insurance company for your particular needs. Brokers can compare Tesla insurance quotes from leading insurance companies and will work with you to determine what coverage you need to ensure your Tesla is properly protected and at competitive rates.
Can I Get Ontario Tesla Insurance From Tesla?
Currently, Tesla only offers their in-house insurance brand to customers in a few specific areas of the United States. It is not available to Canadian Tesla customers at this time.
