📣 About us:

National Cover is a fully licensed general insurance broker and home of extraordinarily good car insurance quotations 🚗. We offer amazing prices by accessing more insurance products than anyone else in Australia and using econometric data cycles 📊 to determine optimal quotation matrices. We just do heaps of car quotes — so we know how to do them right! 🔍

🚗 Interesting Facts about the TESLA MODEL 3

• The Tesla Model 3 2022 was recognized for its safety, earning a 5-star safety rating from the National Highway Traffic Safety Administration in every category and subcategory. This makes it one of the safest electric vehicles on the market.
• Elon Musk, the CEO of Tesla, revealed that the Model 3 became the best-selling electric car in the world in 2021, surpassing other models due to its balance of performance, range, and affordability.
• A quirky fact about the Tesla Model 3 is its minimalist interior design, which notably lacks a traditional instrument cluster. Instead, all vehicle data and controls are accessed through a central 15-inch touchscreen, which was a significant change from conventional car designs.

$270.76 per month

Quote to Value Ratio: 4.39%

The TESLA MODEL 3 (2022) valued at 68400.00 has a monthly premium of 270.76, which is about average when compared to similar vehicles in our database within a 20% valuation range. Most comparable vehicles exhibit premiums ranging from 250 to 290, suggesting that the input vehicle's premium is competitive. Notably, premium differences may stem from make and model preferences, as luxury brands typically exhibit higher insurance costs. Overall, the analysis indicates no significant outliers, reinforcing the notion that the premium aligns well with market expectations for vehicles of similar valuation.

💡 What is Quote to Value Ratio?

A great quote is typically one with a Quote to Value Ratio (QTV) of 7% or less. For example, this TESLA is worth $68400.00 with a yearly premium of $3000.56.

Whilst there's no way to always control the QTV, it's a reliable measure of whether your quote is on the high or low end of the scale. If your QTV is 7% or less, it’s likely an excellent rate already. A QTV of 8% or higher may simply reflect factors like being a young driver with an expensive vehicle or living in a high-risk area 🏙️.

Speak to National Cover today about achieving the lowest possible QTV for your unique situation.