Auto Insurance for Model 3 in Canada

[johndorian]

Best rate I've gotten, and will probably move forward with is through RBC. Ironically they use Aviva but were somehow cheaper than Aviva. Just another mystery of insurance pricing.

20-something, Mississauga.. quoted around ~2300/yr with home bundled in.

 

[Insilin]

Same, RBC Insurance was the cheapest for me. Downtown Toronto Mid Twenties.
$2220/yr
$1000 deductible
2 million liability
Depreciation waived for 2 years
Accident forgiveness

 

[lens300]

Just some information. CAA now has the model 3 in there system. I would quote my price but Im an employee and get a good discount so it really wouldn't help. I will say my cost went up $15 a month over a 2008 grand caravan. So Im pretty happy with that.

 

[Linamani]

Belair $1238/year, 5 year depreciation waiver, $500 deductible, 1 million liability and accident forgiveness. That's with the multi vehicle discount.

 

[ZooSean]

Costco gave me Travelers same as my Nissan Leaf 2015 at about 1700$ but increased deductible from 500$ to 1000$. For me this is a good deal since my driving record in Canada is limited and I will never claim any insurance for less than 1000$ at my fault.

 

[tcyk]

I quoted 161/month $1,932/year with TD. Before confirmation, they quoted me $145 but when I confirmed the VIN and date, it raised to $161.

 

[richyrich]

Royal Bank of Canada
155 Wellington St W
Toronto, ON
M5J 1J1

Thanks Tony.

 

[Viv ki Bijli]

Belair $1238/year, 5 year depreciation waiver, $500 deductible, 1 million liability and accident forgiveness. That's with the multi vehicle discount.

Is this only for 3 or both the cars? If only for 3 then what is the amount for both the cars together?

 

[Linamani]

Is this only for 3 or both the cars? If only for 3 then what is the amount for both the cars together?

This is just for the 3. For both cars it comes out to about $2050/year.

 

[Amferrous]

I quoted 161/month $1,932/year with TD. Before confirmation, they quoted me $145 but when I confirmed the VIN and date, it raised to $161.

TD has the Model 3 in their system now, or did you go off a Model S?

 

[gbertsch]

TD has the Model 3 in their system now, or did you go off a Model S?

Are you sure Model 3 is added to the TD system? If so, I will call back TD Meloche Monnex to ask. I noticed the Model 3 is still not available for quoting auto insurance online, thats why i ask

 

[03DSG]

Are you sure Model 3 is added to the TD system? If so, I will call back TD Meloche Monnex to ask. I noticed the Model 3 is still not available for quoting auto insurance online, thats why i ask

It’s been in Aviva’s system for quite a while. Probably due to their Tesla program. I’m with Aviva Traders, not through Tesla but through my old employers group plan. They were able to quote weeks ago based on the VIN of the Yorkdale display 3. Quote stayed the same with my actual VIN.

 

[tcyk]

TD has the Model 3 in their system now, or did you go off a Model S?

I went as a Model S 75D which isn't really accurate.

 

[5_+JqckQttqck]

I went as a Model S 75D which isn't really accurate.

I got a call from my Vega Tesla rep to get the exact Model Type + VIN on the pink slip to avoid complications.

On the phone now with a manager at TD general insurance to get it changed.

 

[trevorc]

I went as a Model S 75D which isn't really accurate.

I set mine up with TDMM this aft for Wed delivery as a Model S 70D. I emailed my ISA afterwards and she said it was okay as long as they had the right VIN on it in their system. Apparently I was also the second person to bring this to her attention.

 

[trevorc]

Thanks Tony.

TDMM wanted to use 10 York Mills Rd, Toronto, ON M2P 2E5, which was the RBC address in my loan doc.

I guess YMMV?

 

[eepic]

I opted to wait for TDMM to manually override the model in the policy, it took 3 business days but finally have the docs today. My DS was very specific about needing the right make/model, but of course YMMV.

Also the original postal code Tesla provided for the lienholder (RBC) doesn't match the address, as confirmed by a google maps search:

Royal Bank of Canada
155 Wellington Street West, BSC 3rd Floor
Toronto, ON M5J 1J1

After emailing Tesla Finance, they clarified that it's actually M5V 3K7

 

[phigment]

I just called TDMM to remove my old car. While I was on the line I asked if they had the Model 3 in their system yet, and they said no.

So right now I'm still using their manual override. I have my house and 2 cars with them. Model 3 rate is cheaper than my Mazda CX-5, and cheaper than my old 2009 Toyota Matrix... but that might just be because I forgot to update my Toyota to indicate winter tires.

 

[jayqianjie]

Also, I believe @realtycoon had the same situation with TDMM and has already taken delivery of his car.

I just got a call form TDMM, they have Model3 in the system now, so you can call TDMM to get an updated copy.

 

[Tony_YYZ]

I just got a call form TDMM, they have Model3 in the system now, so you can call TDMM to get an updated copy.

awesome, thank you! Did your rates change at all?

**EDIT** I just called them. They said it is NOT in their system yet. ¯\_(ツ)_/¯