LoL-Gas
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Glad it is not just me. USAA, Nov 22 ($425) April 24 ($1050). No accidents, claims, tickets, etc..
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I take yours, and raise you (Seattle) Progressive Insurance for my 2022 Model S Plaid, - November, 2023, $1146 (for 6 months). Renewal just popped up at $2100 for 6 months. No accidents, claims, tickets etc.Glad it is not just me. USAA, Nov 22 ($425) April 24 ($1050). No accidents, claims, tickets, etc..
Wow, ya this is getting out of handI take yours, and raise you (Seattle) Progressive Insurance for my 2022 Model S Plaid, - November, 2023, $1146 (for 6 months). Renewal just popped up at $2100 for 6 months. No accidents, claims, tickets etc.
Yeah a year before it was $1146 it was $670. It's just a racket. Oh, and in Seattle at least Progressive won't even insure Teslas anymore, - not even a base Model 3. If you already have Progressive now, you can keep your Tesla insured with them, but it's clear they're trying to get rid of the coverage. If I dumped Progressive for some other insurance company, I wouldn't be able to go back to Progressive. So frustrating. Not sure what to do at this point. I'm paying about $1600 in tabs, too, at the moment (thanks, Seattle!), so I'm nearly $6k a year without even driving my damn car. Sigh.Wow, ya this is getting out of hand
Tabs?Yeah a year before it was $1146 it was $670. It's just a racket. Oh, and in Seattle at least Progressive won't even insure Teslas anymore, - not even a base Model 3. If you already have Progressive now, you can keep your Tesla insured with them, but it's clear they're trying to get rid of the coverage. If I dumped Progressive for some other insurance company, I wouldn't be able to go back to Progressive. So frustrating. Not sure what to do at this point. I'm paying about $1600 in tabs, too, at the moment (thanks, Seattle!), so I'm nearly $6k a year without even driving my damn car. Sigh.
This is a unfortunately the trend. With many people buying Tesla and new (may be young) owners not careful or used to the instant torque causing accidents and drive up the curve of the premium of Tesla insurance. I think Tesla insurance also service Washington, if you can stand the nanny, usually it is cheaper, it is 1/3 of the costs vs the others for me and I have filed claims before, the service is great. Bear in mind YMMV, they are lack of staff, after they centralized the rental car handling through a single email account, that became a major bottleneck if you ever have to change something and with recent layoffs, expect further delays. Besides companies not covering Tesla, AAA won't write the policy without home owner. Interesting thing is any non Tesla cars I tried to get a quote on is much cheaper than my Tesla.Yeah a year before it was $1146 it was $670. It's just a racket. Oh, and in Seattle at least Progressive won't even insure Teslas anymore, - not even a base Model 3. If you already have Progressive now, you can keep your Tesla insured with them, but it's clear they're trying to get rid of the coverage. If I dumped Progressive for some other insurance company, I wouldn't be able to go back to Progressive. So frustrating. Not sure what to do at this point. I'm paying about $1600 in tabs, too, at the moment (thanks, Seattle!), so I'm nearly $6k a year without even driving my damn car. Sigh.
Yeah. Unfortunately Tesla insurance isn’t available in WA State. Not sure I like the idea anyway but I’m rapidly running out of options here.This is an unfortunately the trend. With many people buying Tesla and new (may be young) owners not careful or used to the instant torque causing accidents and drive up the curve of the premium of Tesla insurance. I think Tesla insurance also service Washington, if you can stand the nanny, usually it is cheaper, it is 1/3 of the costs vs the others for me and I have filed claims before, the service is great. Bear in mind YMMV, they are lack of staff, after they centralized the rental car handling through a single email account, that became a major bottleneck if you ever have to change something and with recent layoffs, expect further delays. Besides companies not covering Tesla, AAA won't write the policy without home owner. Interesting thing is any non Tesla cars I tried to get a quote on is much cheaper than my Tesla.
Licensing fee, you know, so you can drive legally on the roads.Tabs?
Part of it is insurance companies actually losing money. Did you see how much State Farm lost in 2023? $6.3m. Sorry, did I say $6.3m? I meant $6.3bn. That's bananas.You'd think with dramatically reduced values in the last year back to even before pre-pandemic that they'd lower rates back down because they're average payout per vehicle (highest ones being total losses) are so much lower than before. But each insurer charges as much as they can get away with and when the economics of rising prices caused their payouts to rise, the asked for larger increases from each of the state insurance commission authorities which were mostly granted. When prices and values go back down, most states don't come back and force them to lower their rates.
And yet they still managed to grow their networth from $131B to $134B from 2022 to 2023.Part of it is insurance companies actually losing money. Did you see how much State Farm lost in 2023? $6.3m. Sorry, did I say $6.3m? I meant $6.3bn. That's bananas.