real_aurgathor Tesla buyers in general have at least middle, or upper-middle class income, and at level the insurance shouldn’t be much of an issue unless he had many tickets before.
High 4-figure and even 5-figure auto insurance rates in South Florida for such a car that is financed are not unheard of even with clean driving records. To keep The Law off their backs people choose to dodge the repo man instead by forgoing comprehensive/collision coverage which will cut their premiums in half if not more and take their chances with not getting into a wreck.
So many choose that route banks would probably have to repo half the financed cars off the road down there if they enforced that option in their finance agreements.