Cost of Tesla Car Insurance (2025)

On average, full-coverage insurance for a Tesla costs $268 per month from standard insurers. Rates from insurance purchased directly from Tesla vary based on real-time driving habits.

Sarah Archambault
Sarah Archambault
  • Experienced personal finance writer

  • Background working with banks and insurance companies

Sarah enjoys helping people find smarter ways to spend their money. She covers auto financing, banking, credit cards, credit health, insurance, and personal loans.

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Katie Powers
Edited byKatie Powers
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Katie PowersSenior Editor
  • Licensed auto and home insurance agent

  • 3+ years experience in insurance and personal finance editing

  • NPN: 20564519

Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.

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Drivers have found policies from Kemper Economy, Progressive, Dairyland, and more, for rates as low as $36/mo. through Insurify

*Quotes generated for Insurify users within the last 10 days. Last updated on April 15, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

Rates shown are real-time Insurify user quotes from 120+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from April 15, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

*Quotes generated for Insurify users within the last 10 days. Last updated on April 15, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

Rates shown are real-time Insurify user quotes from 120+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from April 15, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

Tesla makes some of the most popular electric vehicles on the market, and with recent price cuts on its Model 3 and Model Y vehicles, Tesla’s sales and popularity continue to climb.[1]

If you have one of Tesla’s four models and need car insurance, you might pay an average rate of $268 per month for full coverage and $126 per month for liability coverage from standard insurers. Tesla also offers its own comprehensive insurance policy for Tesla owners in certain states, with insurance rates based on your real-time driving habits.[2]

Quick Facts
  • USAA and GEICO have the cheapest average full-coverage rates for the Tesla Model X.

  • Coverage rates for a Tesla are similar to those for a Mercedes-Benz.

  • Safe driving habits may make your car insurance more affordable.

Average cost of Tesla insurance by model

Tesla insurance costs vary widely depending on the model. If you drive the entry-level Model 3, you’ll likely spend less on insurance than you would for the top-of-the-line Model X, for example.

In the table below, you can see how full-coverage quotes fluctuate based on the model you drive.

Tesla Model
sort ascsort desc
Average Quote: Full Coverage
sort ascsort desc
MSRP
sort ascsort desc
Model 3$318$42,490
Model Y$291$44,620
Model S$275$79,990
Model X$323$84,990
Cybertruck$285$79,990
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest Tesla insurance by model

Tesla insurance costs depend on the specific model and whether you choose to purchase full-coverage car insurance or a liability-only policy. In the sections that follow, you’ll see the average car insurance costs from different car insurance companies across each of the five Tesla models.

  • Tesla’s entry-level car, the Model 3, seats five and offers three options — Rear-Wheel Drive, Long-Range, and Performance. Base prices range from $42,490 to $54,990. The top-priced model is only slightly less than Tesla’s Model Y, which comes with about the same mileage range but has more than triple the cargo capacity and the option to seat seven in the Performance option.

    Insurance costs vary widely for the Model 3, with costs ranging from $98 to $263 per month.

    Insurance Company
    sort ascsort desc
    Average Monthly Quote
    sort ascsort desc
    Hugo$98
    USAA$134
    State Farm$148
    GEICO$154
    Nationwide$170
    Allstate$184
    Progressive$218
    American Family$234
    Liberty Mutual$236
    Direct Auto$263
    Travelers$270
    Farmers$315
    Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

  • Tesla’s Model Y comes in three options — the Long Range Rear-Wheel Drive, Long Range All-Wheel Drive, and Performance All-Wheel Drive. Base prices range from $44,620 to $47,720.

    These prices are similar to the Model 3 but are significantly less than the Model S and Model X. Insurance costs for the Model Y differ widely among auto insurers, ranging from an average of $87 to $280.

    It’s also worth noting that while the Model Y has a slightly pricier MSRP than the Model 3, it’s a bit cheaper to insure.

    Insurance Company
    sort ascsort desc
    Average Monthly Quote
    sort ascsort desc
    Hugo$87
    USAA$119
    State Farm$132
    GEICO$137
    Nationwide$151
    Allstate$164
    Progressive$193
    American Family$208
    Liberty Mutual$209
    Direct Auto$234
    Travelers$240
    Farmers$280
    Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

  • The Model S is available in two options, Standard and Plaid, with an MSRP ranging from $79,990 to $94,990. Both models seat five and have a range of about 400 miles, which is about 100 miles more than the Model 3. The Model S has limited cargo capacity, which is about the same as the Model 3.

    The MSRP for the Model S is similar to the Model X but nearly $50,000 higher than the Model 3 Rear-Wheel Drive. But its insurance costs are only slightly higher than the Model 3’s, with average quotes ranging from $107 to $342 per month.

    Insurance Company
    sort ascsort desc
    Average Monthly Quote
    sort ascsort desc
    Hugo$107
    USAA$146
    State Farm$161
    GEICO$167
    Nationwide$185
    Allstate$200
    Progressive$237
    American Family$255
    Liberty Mutual$256
    Direct Auto$286
    Travelers$294
    Farmers$342
    Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

  • Tesla offers its premium model, the Model X, in a Standard and Plaid option. Both have about the same mileage range and come with Tesla’s most spacious cargo capacity, at 88 cubic feet.

    The Standard can fit seven passengers and costs $84,990, while the Plaid only fits six people and has an MSRP of $99,990.

    Insurance costs are a bit higher than for the Model S, with averages ranging from $121 to $388 per month.

    Insurance Company
    sort ascsort desc
    Average Monthly Quote
    sort ascsort desc
    Hugo$121
    USAA$166
    State Farm$183
    GEICO$190
    Nationwide$210
    Allstate$227
    Progressive$268
    American Family$289
    Liberty Mutual$290
    Direct Auto$325
    Travelers$333
    Farmers$388
    Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
  • The Tesla Cybertruck’s MSRP ranges from $79,990 for the All-Wheel Drive option to $99,990 for the Cyberbeast option. It has a towing capacity of 11,000 pounds and a range of 325 miles. Cybertrucks can accommodate five adult passengers, with two seats in the front and a three-seat bench in the back.

    On average, Cybertruck drivers pay $285 per month for full-coverage insurance. Below, you can compare average quotes for full-coverage insurance from different insurance companies.

    Insurance Company
    sort ascsort desc
    Average Monthly Quote
    sort ascsort desc
    Bristol West$177
    Dairyland$135
    Direct Auto$125
    Hugo$227
    Just Unlimited$225
    Liberty Mutual$244
    Liberty Mutual with RightTrack®$194
    Novo$99
    Safeco$78
    USA Underwriters$219
    Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

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Best companies for Tesla car insurance

Insurance for electric vehicles, like Tesla vehicles, typically has a higher cost than gas-powered vehicles. But some insurers, like USAA, offer EV battery coverage, which helps cover the cost to repair or replace a battery.

Choosing the best Tesla car insurance depends on many factors, including your budget, the type of coverage you need, your age, your credit history, your driving record, your marital status, and your location. When shopping around for insurers to cover your Tesla, it’s also smart to look for insurance companies with high customer satisfaction ratings and lower-than-average car insurance costs.

Here’s a closer look at Insurify’s top picks for the best companies for Tesla car insurance.

Best insurer for safe drivers: Nationwide

User Reviews
4.4
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.7 /10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$86/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$179/mo
4.4
Best choiceBased on 843 verified guest reviews and ratings
How drivers feel about Nationwide

Drivers appreciate the helpful and knowledgeable customer service but dislike the frequent and significant rate increases. Some also found the claims process to be slow and frustrating.

AI-generated from the text of verified reviews collected by Insurify
Best For
Usage-based savings
Accident forgiveness
Recreational vehicle coverage
How drivers feel about Nationwide

Drivers appreciate the helpful and knowledgeable customer service but dislike the frequent and significant rate increases. Some also found the claims process to be slow and frustrating.

AI-generated from the text of verified reviews collected by Insurify
Best For
Usage-based savings
Accident forgiveness
Recreational vehicle coverage
Reviews (474)

Catherine

April 15, 2025

Verified Review

Good

Updates on new and discounted options are not as good.

Richard

April 10, 2025

Verified Review

High Car Insurance Rates

I'm not a fan of having to call a 1-800 number to file a claim. I prefer speaking to a local representative. The rates are becoming too high. Nationwide and State Farm have the highest rates in our area, charging over $100 more per month per vehicle than other insurance companies. In these times, rates should be competitive, not the highest.

Steve

April 9, 2025

Verified Review

Could Have Done Better

They were great until they decided not to renew my policies. The way they notified my wife and I was not very good at all.
See all Nationwide reviews
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
815
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.64
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A+
Why we picked this company

Nationwide Private Client is a special type of insurance that covers high-value vehicles, including some Tesla models. In addition to liability, collision, and comprehensive, Nationwide provides optional coverages, such as towing and labor, rental car, and gap insurance. The company also offers accident forgiveness and a vanishing deductible that lowers your deductible for each year you drive safely.

Pros
  • Offers 24/7 roadside assistance coverage add-on

  • SmartRide (for safe drivers) and SmartMiles (for low-mileage drivers)

  • Accident forgiveness available

Cons
  • Below-average customer satisfaction scores from J.D. Power

  • Some discounts and programs not available in all states

  • Not available in every state

Best insurer for military members, veterans, and their families: USAA

User Reviews
4.9
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.4 /10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$47/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$98/mo
4.9
Best choiceBased on 1,918 verified guest reviews and ratings
How drivers feel about USAA

Customers appreciate the insurer’s reliable customer service and claim handling but express concerns about high rates and frequent price increases. Some also find the insurer’s security protocols and communication methods frustrating.

AI-generated from the text of verified reviews collected by Insurify
Best For
Members of the military community
Outstanding customer service
Competitive rates
How drivers feel about USAA

Customers appreciate the insurer’s reliable customer service and claim handling but express concerns about high rates and frequent price increases. Some also find the insurer’s security protocols and communication methods frustrating.

AI-generated from the text of verified reviews collected by Insurify
Best For
Members of the military community
Outstanding customer service
Competitive rates
Reviews (1,114)

Peter

April 16, 2025

Verified Review

Excellent Insurance, Although Expensive

I rely on the excellent support provided by USAA.

Richard

April 14, 2025

Verified Review

Auto Premiums Becoming Unaffordable for Senior Vets; Homeowners Insurance Not Direct

This company provided great car insurance for decades. However, increasing premiums have led me to start comparison shopping.

Alan

April 14, 2025

Verified Review

Time for a Change

Great experience.
See all USAA reviews
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
880
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
1.35
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company

USAA offers auto insurance to cover electric and hybrid vehicles — including protection for your battery. In business for more than 100 years, USAA exclusively serves members of the military and their immediate families. The company offers multiple types of insurance products, as well as banking, investing, and retirement services. Auto insurance customers have access to a number of discounts, including for bundling, insuring multiple vehicles, living on a military base, and more.

Pros
  • High customer satisfaction

  • Low premiums

  • SafePilot program rewards good driving with up to 30% discount

Cons
  • Available only to active-duty military, veterans, military spouses, or children of service members or veterans

  • No 24/7 customer phone support

  • Mixed customer reviews for service and claims processing

Best insurer for overall customer satisfaction: State Farm

User Reviews
4.2
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.3 /10
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$55/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$117/mo
4.2
Best choiceBased on 10,502 verified guest reviews and ratings
How drivers feel about State Farm

Customers appreciate the insurer’s excellent customer service and personal attention but dislike the high prices and frequent rate increases. They also express frustration with the claims process.

AI-generated from the text of verified reviews collected by Insurify
Best For
Customer service
Competitive rates
Discounts for safe drivers
How drivers feel about State Farm

Customers appreciate the insurer’s excellent customer service and personal attention but dislike the high prices and frequent rate increases. They also express frustration with the claims process.

AI-generated from the text of verified reviews collected by Insurify
Best For
Customer service
Competitive rates
Discounts for safe drivers
Reviews (5,785)

Daniel

April 16, 2025

Verified Review

Good

It's expensive, but they are good at paying claims.

Betina

April 16, 2025

Verified Review

Great! Need Lower Cost!

The experience is great! As a retired senior citizen, I'm struggling to make ends meet. I need a cheaper/lower cost premium.

Juanita

April 16, 2025

Verified Review

I am the Policyholder

I am very satisfied. I wouldn't go anywhere else.
See all State Farm reviews
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.78
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company

State Farm’s policies cover electric vehicles, including emergency road service when you run out of battery power or break down. Most policies also cover damage to your car-charging equipment caused by a covered loss. State Farm has been in business for more than 100 years and today sells auto and other vehicle insurance, homeowners, life, health, pet, disability, and small-business insurance. Available in all 50 states, State Farm car insurance policies offer multiple ways to save, from customizing coverage types to a robust list of discounts.

Pros
  • High rates of customer satisfaction

  • Rideshare insurance available

  • Savings for bundling auto with home, renters, condo, or life insurance

Cons
  • No gap insurance offering

  • May not be the cheapest choice for drivers with violations

  • Accident forgiveness limited to longtime customers with clean driving records

How to get insurance through Tesla

If you’re already a Tesla owner, you may be able to insure your Tesla (as well as other non-Tesla vehicles) through Tesla Insurance. While Tesla Insurance offers comprehensive coverage and claim management, you have to live in a state where it’s available. These states are Arizona, California (with certain conditions), Colorado, Illinois, Maryland, Minnesota, Nevada, Ohio, Oregon, Texas, Utah, and Virginia.

Tesla Insurance is usage-based coverage that uses built-in technology to track your real-time driving behavior and calculate your monthly premium. While your driving habit data is the primary factor in determining what you’ll pay, Tesla also considers how much you drive, where you live, the type of coverage selected, and the vehicle’s Safety Score.

Certain factors, including hard braking, aggressive turning, late-night driving, and following other vehicles at an unsafe distance, affect your Safety Score. The higher your score, the more you can save.

Signing up for Tesla Insurance only takes a minute. You can sign up through the Tesla app. You need to enter some personal information to apply, like your driver’s license number, address, and date of birth.

You can also add more drivers and vehicles to your policy during sign-up. Once you’ve completed your registration, you’ll be able to access your insurance documents and make claims using the Tesla app.

Average cost of Tesla insurance by state

How much you pay for car insurance for your Tesla vehicle depends on where you live. Your insurance company considers your state’s and ZIP code’s location-based risk factors, including population density, crime rates, accident rates, and more.[3]

Average Monthly Rate by State

State
sort ascsort desc
Average Monthly Quote
sort ascsort desc
Alabama$241
Arizona$299
Arkansas$241
California$457
Colorado$374
Connecticut$638
Delaware$363
Florida$411
Georgia$413
Idaho$222
Illinois$292
Indiana$241
Iowa$212
Kansas$278
Kentucky$418
Louisiana$399
Maine$259
Maryland$583
Massachusetts$334
Michigan$501
Minnesota$334
Mississippi$355
Montana$280
Missouri$334
North Dakota$247
Nebraska$322
New Hampshire$206
Nevada$505
New Jersey$316
New Mexico$278
New York$749
North Carolina$157
Ohio$220
Oklahoma$299
Oregon$273
Pennsylvania$295
South Carolina$461
South Dakota$227
Tennessee$261
Texas$404
Utah$307
Virginia$316
Washington$251
District of Columbia$457
Vermont$259
West Virginia$261
Wisconsin$234
Wyoming$229

Source: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile. Insufficient data is available to show results for Alaska and Hawaii.

Tesla car insurance FAQs

Shopping around for a Tesla car insurance quote can help you find the best options, rates, and plan. Here’s some additional information to help you learn more about insuring your Tesla.

  • Insurance rates can fluctuate for Tesla drivers, but Hugo, USAA, and State Farm have some of the cheapest car insurance rates for your Tesla. Other insurance companies offering lower-than-average rates include GEICO, Nationwide, and Progressive.

  • Electric cars, including Teslas, can be more expensive than the average cost of car insurance for traditional cars. But drivers of eco-friendly cars may be able to make up some of the cost through insurance discounts and tax breaks — bringing the rates closer to average car insurance costs.

    Your average annual insurance rate will depend on your Tesla vehicle model, whether you qualify for insurance discounts, the insurance company you buy coverage from, and more.

  • Insurance on a Tesla Model 3 ranges from $98 to $236 per month, depending on the car insurance company and coverage options you choose. For example, USAA quotes average $134 per month, while insurance from Travelers will potentially cost you $270 per month. Your insurance company will consider your driving record, age, location, and more when determining your insurance rate.

  • Tesla Insurance is available only in Arizona, California (with certain conditions), Colorado, Illinois, Maryland, Minnesota, Nevada, Ohio, Oregon, Texas, Utah, and Virginia at this time. The company says it’s adding more states in the near future.

Methodology

Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.

Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).

Liability-only premium averages correspond to policies with the following coverage limits:

  • Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
  • Property damage limits between $10,000 and $50,000
  • No additional coverage
Full-coverage premium averages correspond to the same bodily injury and property damage limits in addition to:
  • Comprehensive coverage with a $1,000 deductible
  • Collision coverage with a $1,000 deductible

Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.

Sources

  1. Yahoo Finance. "Tesla 3Q sales rise 27% but fall short of expectations due softening demand and factory downtime."
  2. Tesla. "Tesla Insurance."
  3. Insurance Information Institute. "What determines the price of an auto insurance policy?."
Sarah Archambault
Sarah Archambault

Sarah Archambault enjoys helping people figure out how to manage their finances and credit. She covers auto financing, banking, credit cards, credit health, insurance, and personal loans. Her work has been featured on Credit Karma, Experian, LendingClub, Sound Dollar and USA Today Blueprint. She also writes for national insurers, banks and financial institutions like Aetna, MassMutual, Stripe, and UnitedHealthcare. 

Sarah has been a contributor at Insurify since December 2022.

Katie Powers
Edited byKatie PowersSenior Editor
Photo of an Insurify author
Katie PowersSenior Editor
  • Licensed auto and home insurance agent

  • 3+ years experience in insurance and personal finance editing

  • NPN: 20564519

Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.

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