I'm currently with Intact and I went through this program. Not sure how they would track it for an electric car because it was a device I had to plug into my car electric component hooked up to the engine. What it tracks is how hard you accelerate, brake and time of day driving. You do this for 6+ months and then mail the device back to them. I personally recommend if you're a good driver as you it can only save you money. They will not increase your premium is my understanding, but don't quote me on it.
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Auto Insurance for Model 3 in Canada
- Thread starter vidya_sagar
- Start date
I'm currently with Intact and I went through this program. Not sure how they would track it for an electric car because it was a device I had to plug into my car electric component hooked up to the engine. What it tracks is how hard you accelerate, brake and time of day driving. You do this for 6+ months and then mail the device back to them. I personally recommend if you're a good driver as you it can only save you money. They will not increase your premium is my understanding, but don't quote me on it.
The tracking is done via a Phone app now apparently. No device required. they give you 10% to start and it can increase another 15%. I'll be happy with just 5-8% and bring my premium to $1800 at this point next year.
I wonder if you can cheat with a phone app. Like set it up with a phone you don’t use and leave it at home most of the time and just bring it occasionally.
Well I don't know if it runs in the background. I think you use it kind of like Google maps. So on days when I'm not in a rush, I can open the app to track my driving. Apparently you need a minimum of 1000 kms. So I'd pick and choose tracking. - Maybe ? Not sure yet..
If your enquiring about tracking to reduce premiums check with each company to see how they do it. I believe many use an OBD-ll plug in device which won’t work with Model 3 as there is no interface.
Not in TD's system as of yesterday evening. They use the model S as a proxy, which in the end resulted in a reasonable rate (was quoted <$1000) -so i a. Hoping the M3 is an even better rate. I am going to wait until I have my delivery date before pressing them harder. They need the delivery date in order to set the insurance start date. So I am being patient...
Got my quote today, $1600 for the Model 3 from The Personal. Now if only i could get my VIN.
The same thing happened to me. $360/month. more than double compared to my current insurer.
I think TDMM is the cheapest for me. still they have to update their system with M3's
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Active Member
Kanetix got me 3050/year. I talked to my home insurer and she first quoted me 2700 with Intact, now she's coming back saying it'll go up since I cannot bundle it with the house since I'm not the home owner even though my parents and I have the same address for the past ten years.
The thing that scares me about Sonnet is that every other insurer for me has given me prices of at least $1800/yr for the Model 3 alone. all information and coverage is very similar.
Just an update. I asked about bundling home insurance because I figured the discount might make it a wash. Funny enough, adding home insurance dropped my auto insurance from $2029 to $1780 and then home insurance was $250 for $2030 total. Essentially costing me $1 extra for home insurance. LOL
Just got a quote of $1386 from The Personal. Keep in mind I don't live in Toronto so insurance is a bit cheaper.
This includes $2M liability, worry free option, first accident forgiveness and 5 years of depreciation coverage. Pretty much the maximum insurance you can get.
Also keep in mind that I get a phenomenal group discount due to my profession.
This includes $2M liability, worry free option, first accident forgiveness and 5 years of depreciation coverage. Pretty much the maximum insurance you can get.
Also keep in mind that I get a phenomenal group discount due to my profession.
