Same here, $50/yr cheaper than a Saturn Ion 2007.... I'll take it!
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Auto Insurance for Model 3 in Canada
- Thread starter vidya_sagar
- Start date
Same here, $50/yr cheaper than a Saturn Ion 2007.... I'll take it!
Sounds like we should avoid calling them or have your premiums raised lol
They called me and I missed their call - I was hoping they were calling to say they've had such a great experience with the 3 that our premiums were getting decreased further. Haha
5_+JqckQttqck
Active Member
Falkirk
Member
Same here $8 a month more now, amazing to think Model S is cheaper to insure than the 3 but I'm sure with more data it'll reverse, the repair costs must be less for the 3 right? And it's just as safe hopefully which is another major criteria for the pricing.
phigment
Member
Just got a call from TDMM. Now that they have my vin in their system my premium went up by $15/month
I also called my insurance company (Aviva/RBC) and was quoted $800/yr for my upcoming Model 3 in September. Hi
pcons
M3 AWD+
Called my state farm (certas) broker, and the delta from my 2017 volt premiere good goes up from $80/ month to $90. I'm good with that for now. May hunt around more as delivery date approaches, but good to know it's not going to double
I ended up getting the best price from The Co-operators.
Initial quote on their website was $30/month higher than TDMM, but after talking to them on the phone they applied some more discounts (including a generous EV discount) that brought the price down very close for better coverage.
I tried to go with TDMM, because it was still cheaper, but when attempting to bind coverage it jumped $10/month and became more expensive. With the extra $10-15/month that people are getting now that the TM3 is added to TDMM's system, I'm thinking I definitely made the right choice.
I'd recommend calling The Co-operators for those still shopping and getting a full detail quote. Cheaper, better coverage, and general opinion seems to be they're easier to deal with for claims.
Initial quote on their website was $30/month higher than TDMM, but after talking to them on the phone they applied some more discounts (including a generous EV discount) that brought the price down very close for better coverage.
I tried to go with TDMM, because it was still cheaper, but when attempting to bind coverage it jumped $10/month and became more expensive. With the extra $10-15/month that people are getting now that the TM3 is added to TDMM's system, I'm thinking I definitely made the right choice.
I'd recommend calling The Co-operators for those still shopping and getting a full detail quote. Cheaper, better coverage, and general opinion seems to be they're easier to deal with for claims.
Struja
“Frost”
I am with TDMM and deal with all Ontario insurers on a daily basis and Co-operators is light years better than TDMM in my opinion. They are the best if you ever have to make a claim. You did very well.
ICBC has a monopoly on basic insurance, we have no choice but to buy it from them. I can buy your optional insurance from a third party but it's typically not a huge savings as they know that they don't have to sell that much cheaper than ICBC to be considered a "deal"
Struja
“Frost”
The price you quoted is unusually high and I am not all that familiar with ICBC, but I can tell you that your basic coverage for things like Statutory Accident Benefits are significantly superior to ours in Ontario. It's the old... "you get what you pay for".
In 2010, our Provincial government made a promise of an insurance rate reduction (of about 15% IIRC) but they were duped by the insurance industry. What happened was that basic statutory accident benefits coverage went into the toilet and the general public saw almost no reductions in premiums. Now, 8 years later, any reductions in premiums have all been taken back, yet the crappy coverage remains in place.
So... some examples... pre 2010... if you suffered a Catastrophic Injury in a car accident, you had up to $2 million in coverage for things like Rehab, Attendant Care (someone coming to your home to help you with bathing, dressing etc..), housekeeping assistance etc.... That was cut in half. Once you run out, you're screwed.
Now... you can still buy many of this types of benefits as "optional", but once you start adding these things, our numbers start looking a lot closer to yours, so it is probably a wash in the end.
I pay extra for these optional benefits:
1. Enhanced income replacement benefits (up to $1000 week)
2. Caregiver benefits for my wife's policy (as she is the primary caregiver of our kids)
3. $2 million dollar umbrella
4. Housekeeping coverage
Most people I know aren't even aware that the coverage has been eroded away until it is too late.
B.C. drivers paying up to $1k more per year for insurance than other Canadians: industry
FYI: I just renewed the insurance on my 2014 Hyundai Sonata and I pay $2121.72 for insurance. It went up by about $180 over last year.
FYI: I just renewed the insurance on my 2014 Hyundai Sonata and I pay $2121.72 for insurance. It went up by about $180 over last year.
