Tesla Cybertruck insurance costs more than the national average, the study says

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Photo: Sjoerd van der Wal / Contributor (Getty Images)

of Tesla Cybertruck It just doesn’t come with a hefty price tag. It also has high insurance costs.

A A new report from the insurance marketplace It found that full-coverage insurance for the electric car costs 45% more than the national average.

Insurance said the average Cyber ​​Track The driver is paying $3,392 a year in insurance, compared to the national average of $2,336.

High insurance costs are due in part to the high cost of the truck. The starting price of the truck is more than $80,000, and when customers add various accessories and other accessories, it can cost more than $100,000.

Despite the higher costs, Insuriff found the Cybertruck’s premiums to be cheaper than other Teslas.TSLA) models. It was found that the Model Y had an average annual insurance cost of $3,832 and the Model 3 had an average annual insurance cost of $4,347. That’s partly why. Cybertruck drivers They tend to be older, which means they pay less for insurance on average than younger drivers of other models.

While the Cybertruck’s design is certainly polarizing, more than 28,000 vehicles have been sold since Tesla unveiled the EV last year, according to Insury. Still, the truck’s release has been plagued with issues, including six separate recalls, including the backup camera and the accelerator pedal.

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