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Auto Insurance

Discussion in 'Model S' started by Mark Camara, Mar 23, 2015.

  1. Mark Camara

    Mark Camara New Member

    Joined:
    Nov 17, 2013
    Messages:
    1
    Location:
    United States
    Any recommended Auto insurance companies that wont continue to raise rates on my Tesla despite zero accidents and limited miles. Geico and Allstate just continue to increase rates on this car
     
  2. CHG-ON

    CHG-ON Still in love after all these miles

    Joined:
    Jun 24, 2014
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    2,754
    Location:
    Santa Cruz Mountains, USA
    I use Allied and was surprised at how low the rate was. Higher than my Acura, of course, but reasonable for NoCA.
     
  3. CHGolferJim

    CHGolferJim Member

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    Jan 28, 2014
    Messages:
    841
    Location:
    Chapel Hill, NC
    Interested to see messages from USAA member re insurance rates, particularly for renewals by longer-term owners.
     
  4. PatD

    PatD Member

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    Dec 21, 2014
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    363
    Location:
    Broomall, PA
    #4 PatD, Mar 23, 2015
    Last edited: Mar 23, 2015
    I'll be switching from Allstate to USAA when I take delivery this week. Quote I have from Allstate was around $3500/year for the Tesla and my 2004 MDX. USAA has me at $1530/year. That's with comparable or better coverage (And I have some high limits and low deductibles - comp is a $0 deductible, for example.)

    Allstate currently has me at $1550 for my 2006 TL and 2004 MDX. So my insurance goes down by getting rid of my TL and going to a new Tesla and switching to USAA. Can only hope it sticks!

    Do a search on here for USAA - lots of good comments.
     
  5. megawhizz

    megawhizz Member

    Joined:
    Apr 26, 2014
    Messages:
    31
    Location:
    Detroit, MI
    Have had progressive for about 8mo, no increases so far.
     
  6. zro ltr

    zro ltr Member

    Joined:
    Jul 16, 2014
    Messages:
    67
    Location:
    United States
    I've had my car for just shy of four months. I have USAA. According to their website, once my policy renews, I'll be paying $824 for six months for full coverage on the S85 and my wife's '13 Sonic. For perspective, it was $327 for her car alone. Some people's insurance is going up after the first six months. Mine will go down down a few dollars.
     
  7. Fezzik

    Fezzik P67429

    Joined:
    Nov 6, 2014
    Messages:
    478
    Location:
    Lincolnshire, IL
    I'll put in my rates. I just switched from State Farm to Liberty Mutual. This is in Chicagoland.

    This is YEARLY full coverage
    P85D $1361.00
    2013 Infiniti JX35 $898
    2008 Infiniti M35 $823
    2010 Infiniti G37 $774

    250/500
    $100 comp deductible
    $500 collision Deductible
     
  8. AlbertOnMars

    AlbertOnMars Member

    Joined:
    Mar 7, 2015
    Messages:
    105
    Location:
    Austin, TX
    I am shopping for insurance right now as well, as I am about to purchase an S85. Currently have a 2013 Focus ST, and my insurance is $440 for 6 months with full coverage and $1K deductibles. Was quoted today:

    $717 6/months $1000 deductible
    $854 6/months $500 deductible

    Interestingly, with both cars the price drops to $609 with $1K deductible. But I'll be selling the ST once I have the Model S. This is with State Farm. Will be shopping around a bit, and I'm curious what other people are paying.
     
  9. JMG

    JMG Member

    Joined:
    Feb 26, 2015
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    546
    Location:
    NE Texas
    Feel free to PM me, I'm an agent in TX licensed with several companies and had to do a little research on who would write the Model S and what premiums are. I'm moving my own coverage so I can get the OEM Parts endorsement (no aftermarket parts) as well as the New Vehicle Replacement endorsement.
     
  10. AlbertOnMars

    AlbertOnMars Member

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    Location:
    Austin, TX
    Done, thanks!
     
  11. Fezzik

    Fezzik P67429

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    Location:
    Lincolnshire, IL

    That sounds like my liberty mutual. I forgot to mention that mine includes new vehicle replacement first year and oem parts. After first year it is 1 year newer and less miles replacement
     
  12. bollar

    bollar Disgruntled Member

    Joined:
    May 1, 2013
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    2,240
    Location:
    Southlake, TX

    2012 TESLA MODEL S 4D ELEC PERFORMANCE

    Premium $ 388.02 per 6 months

    $1000 deductible. This is before multi-vehicle and multi-policy discounts.
     
  13. breser

    breser AutoPilot Nostradamus

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    Aug 28, 2014
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    Location:
    North Bend, WA
    I think you're essentially just handing money to the insurance company paying for an OEM Parts endorsement on this car right now. There are effectively no aftermarket for parts for this car. The only source of parts is Tesla. That's even true for windshields right now.
     
  14. JMG

    JMG Member

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    Location:
    NE Texas
    Regardless, the cost of the endorsement is worth it to me to avoid any conflicts at the time of repair. With Tesla producing 50k cars a year, who knows if in a couple of years whether aftermarket parts will be available or not. Without taking that endorsement it seems you are going on the hope that there aren't any aftermarket parts available. Part of insurance is peace of mind.

    And Fezzik, it sounds familiar because Safeco is Liberty Mutual's agent distribution channel. Liberty Mutual is direct (no agent) as far as I know.
     
  15. neko

    neko Member

    Joined:
    May 21, 2014
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    17
    Location:
    Midwest
    General Casualty. $1050 per year. That's with a $1000 deductible on collision.
     
  16. Fezzik

    Fezzik P67429

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    Nov 6, 2014
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    478
    Location:
    Lincolnshire, IL
    There ya go. LM was the only one I could find that was reasonable with this new car replacement. ALso they offered GAP ins even if you did not finance through them like state farm wanted.
     
  17. Law&Disorder

    Law&Disorder Member

    Joined:
    Mar 18, 2015
    Messages:
    139
    Location:
    Long Island, NY
    I'm currently with LM and they wanted $1,600 more a year to insure a P85D over my current insured 2013 BMW M5. I got on the phone with my broker this morning. Waiting to see what she comes up with.
     

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