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Is Tesla considered a luxury car?

I have a few friends that have purchased a Tesla in the past year and they can’t say enough good things about it. However, I’m a wealth management advisor and I need a car that creates a successful image to clients. Is a Tesla a luxury car?

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Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
As the premier name in the electric vehicle space,
Tesla
is considered a luxury car. But unlike some of the established or older brands in the luxury industry, Teslas luxury is geared toward its technology features. More specifically, the electric drivetrain of the Tesla surpasses nearly every competitor, offering more range than almost any other luxury car.
Some of the other features that make Tesla a luxury car unrivaled by others include:
  • Autopilot
  • A karaoke function, a la James Cordon
  • Streaming services
  • Air suspension
  • Sentry mode that allows you to look at cameras on the car from your phone
  • Advanced parking sensors
  • Lavish interior
  • Unique app
  • Constant updates to improve the ride and drivability of the car
Because of its electric drivetrain, Teslas are often expensive to insure. But that doesn’t mean you should just accept a high insurance bill as fact. Instead, hop on the
Jerry
app to shop around for thebest rate.
Jerry is a licensed insurance broker that will collect quotes from over 50 top-rated insurers in minutes. After you find a great rate for your Tesla, Jerry can help you buy new insurance and cancel your old policy. Users save an average of $887 per year.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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