If you financed your Tesla purchase, providing proof of auto insurance is an important requirement. But where exactly should you send your Tesla insurance information? This article explains the correct Tesla finance address to send your insurance documents, why it’s required, how to contact Tesla financial services, and tips for a smooth auto financing process.
Overview of Tesla Finance and Insurance Requirements
When you finance a Tesla through their auto loan program, Tesla acts as the lienholder on the vehicle title. This gives them a security interest in the car until your loan is paid off.
To protect their financial stake in the vehicle, Tesla requires all financed customers to carry adequate auto insurance that lists Tesla as an additional insured party. This way they are notified if the vehicle is in an accident or total loss situation.
You’ll need to send your Tesla finance department proof of auto insurance coverage shortly after purchase. Ongoing, you must send updated declarations pages if you change insurance providers or policies. Maintaining active insurance is a requirement of your loan agreement.
Where to Mail Proof of Tesla Insurance Coverage
To submit proof of insurance documentation, you must mail your declarations page and policy forms to:
Tesla Finance
P.O. Box 15430
Wilmington, DE 19850
This PO Box is the designated address to send Tesla all of your insurance information and documentation. Sending it here ensures it gets routed to the correct finance department handling your auto loan account.
Do not mail your Tesla insurance documents to their corporate headquarters or any other address. Only use the PO Box 15430 for any correspondence related to your financed vehicle insurance requirements.
When to Send Tesla Your Insurance Paperwork
There are two key times when you need to mail your insurance documents to the Tesla finance address:
Within 30 days of purchasing the vehicle: Shortly after financing your Tesla, you should receive a letter from them requesting proof of comprehensive and collision coverage. Tesla requires at least $100,000 bodily injury liability, $300,000 uninsured motorist, and $50,000 property damage liability limits. Send your full insurance policy packet within 30 days of delivery.
When you change or renew your policy: Anytime you switch insurance companies or alter your policy, Tesla requires an updated declaration page showing they are still listed as an additional insured party. This includes at renewal time if you stay with the same insurer. Keep Tesla finance updated with your latest policy paperwork.
Tesla may charge a force-placed insurance fee if you fail to send updated insurance documents on time. Avoid any issues by mailing new declarations promptly.
What to Include When Mailing Tesla Insurance Documents
You need to mail your full insurance policy packet when first requested, which includes:
- Insurance ID cards
- Declarations page listing Tesla as additional insured
- Endorsem*nt forms naming Tesla as loss payee and additional insured
- Full policy contract showing coverages and limits
At renewal or when changing insurers, you just need to provide the updated declarations page. But the first time complete documentation is required. Photocopy the full policy before mailing in case it gets lost.
Contacting Tesla Financial Services with Questions
If you have any questions about insurance requirements for your Tesla loan, you can contact their financial services team:
By phone: 877-973-7652
Email: [emailprotected]
Mail: P.O. Box 15430, Wilmington, DE 19850
A finance representative can explain specific insurance needs, verify if documents were received, and answer any other questions about your Tesla loan account and associated insurance obligations.
Tips for a Smooth Tesla Financing and Insurance Process
Inform your insurer at purchase that Tesla requires proof of insurance documentation. Ask them to expedite sending declarations listing Tesla as an additional insured.
Provide the Tesla finance address at renewal time so your insurer automatically sends updated documents.
Mail insurance papers via certified mail or a tracking method so you can confirm Tesla receives them.
Photocopy and retain a copy of all documents you mail to Tesla for your records.
If switching insurers, provide the new company with your Tesla finance insurance requirements upfront.
Contact Tesla finance immediately if your policy is cancelled or not renewed so you avoid penalties.
Make sure to meet all loan obligations like monthly payments to avoid additional complications.
Providing proper insurance documentation to Tesla’s finance department on time ensures seamless financing process. Just be sure to always mail papers to PO Box 15430 and keep their department updated whenever your policy changes.
Frequently Asked Questions about Tesla Finance Insurance
What insurance coverages does Tesla require?
At minimum 100/300/50 liability, uninsured motorist matching your liability limits, and comprehensive and collision coverage with sub $1,000 deductibles.
When will Tesla send the request for proof of insurance?
Typically within a week or two of taking delivery of your Tesla. Add Tesla as an additional insured party as soon as possible.
Can I email my Tesla insurance documents?
No, Tesla requires original paper declarations mailed to PO Box 15430. But you can also email [emailprotected] to give them a heads up or ask questions.
What happens if I change insurance and don’t update Tesla?
Tesla may charge a force-placed insurance fee if a lapse occurs. Promptly mail any new policy paperwork.
How do I remove Tesla as a lienholder when I pay off my loan?
Contact Tesla finance for details on releasing the lien interest. You can remove as additional insured once the title is clear.
Following the proper protocols for submitting insurance documents ensures your Tesla loan stays on track. Use the guidance in this article anytime you need to mail papers to their financing department.
