That's exactly what they did for me. Effective the delivery date and the paperwork came through right away. The correct VIN is on the slip, but it's labeled as a Model S 75D. The rep assured me that my coverage will be valid.
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Auto Insurance for Model 3 in Canada
- Thread starter vidya_sagar
- Start date
McCaesar
Member
I was quoted $1036 from Cooperators/Coseco. Actually cheaper than my 11 year old Civic.
Thanks!!! Hopefully they will credit us the different ial once the model 3 rates are established...
They mentioned that they won't be able to back date any credits but any change going forward would be effective immediately.
Uggghhh....so I am realizing that when setting up my delivery profile, I just scanned my current insurance slip and entered my current insurance info. Now I am second guessing whether i should remove this and leaving it as pending, or if I should just leavile it and wait for my DA to call....
You did it correctly. When delivery comes, you provide an updated proof of insurance.
I did it that way, put my existing Pink Slip. I didn't want to delay anything by having an incomplete profile. Think of it as a placeholder that allows you to "Check all the boxes"
Thanks! This is great to hear. Now I can go back to endlessly watching at my phone without blinking while yelling "Ring dammit! Ring!!!!!"
Exactly. My DA just said we want to make sure you have insurance when you take it off the lot. All you have to do is bring updated Insurance documents when you come and get the car.
I'll still email my DA the updated details before hand and allow him to update it if he wants...but otherwise you're perfectly fine
Seems like everyone is getting quotes lower than cheaper cars. Anyone else like me and getting quotes for much higher? Lowest I've got is 2300/year and I'm in Ajax, married, over 25. I was quoted 1500/year for a model S a few months ago so I'm kind of shocked especially when others are getting on average 1500 for their 3s.
Tony_YYZ
Tezler Guru
Just got my substitute quote for a 2018 S 75D with my Model 3 VIN attached to it until TD Melloche Monnex gets the 3 in their system. $1,030 for the year with all the trimmings.
Had the policy set to start on June 6th with my current delivery date and will amend if necessary.
Had the policy set to start on June 6th with my current delivery date and will amend if necessary.
AMA quoted me $1600, which I find reasonable, but The Personal quoted $1050. That's far lower than anywhere else.
I’m going to call Meloche Monnex...that seems like a great price.
So how does that work? If the actual Model 3 premium is higher/lower they will adjust accordingly?
phigment
Member
That's what they told me... they'd adjust once it's in their system. But I have my doubts they'll actually notify me, especially if the price goes down.
I'm curious what's taking them so long. It sounds like they've got a lot of people asking about this model of car. It would be of benefit to them to add it quick and avoid all the extra overhead of temporary placeholder rates.
I received the same $1600'ish as an earlier poster at The Personal for Mississauga. One thing to check is the deductible, especially collision. My S for example STILL has a $2k collision deductible there, and they can't change it even though my car is over 5 years old. If other's are using S as the placeholder, your deductibles could change once they load in the 3. The Personal has $1000 ded across the board for the 3 (if I wrote my notes right).
I'd shop around, but I have my wife's engagement ring insured there and that was a major pain to get set up that I really don't want to repeat...
I'd shop around, but I have my wife's engagement ring insured there and that was a major pain to get set up that I really don't want to repeat...
Tony_YYZ
Tezler Guru
What if the 3 ends up being higher? Do you have the ability to cancel the insurance without penalty? Especially if you end up with quotes from another provider that are cheaper than the revised rate.
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