Canadian Insurance

[Bignikk]

Hello Everybody,
What are my fellow Canadians/Ontarians doing for Insurance.
I just heard from Innova, Costco's Insurance Broker, that they will not insure the Model X because of the self-driving capability.
Any help here would be fantastic.
Thank you kindly,
Nick

 

[wayner]

I use the Guarantee Company of NA.

I wonder why they don't want to ensure self-driving vehicles? Because they are too safe?

 

[Navsarin]

We are with TD Monnex. Great rates. Good EV discount. Chubb will also do all high ends 80k and over.

 

[agloutney]

Probably because they are so safe they are a real threat to their business. Self driving cars are poised to reduce insurance premiums by 90% so maybe they don't want to support that. Just my opinion though so who knows.

 

[CadillacJack]

The Personal (Desjardins) for me. Deductible was mandated at $1k based on replacement cost, but rate is reasonable.

 

[Doug_G]

I'm with TD Meloche Monnex.

 

[Aussie Bob]

I am with TD Monnex also

 

[sakimano]

I think it's because they view the concept of self driving as risky because it's not self driving. It's a driver assistance suite but unfortunately some people are acting like they have FSD, causing accidents,sometimes catastrophic.

On top of that, tesla has a reputation of taking forever to fix the cars and the insurers are on the hook not only for repair costs but also rental cars for weeks etc.

So I get it. It's early.

 

[wayner]

That fatal Tesla accident was over a year ago and you haven't heard of any accidents since then. And even then the deaths/ miles driven was safer for autopilot then for other vehicles. If there have been no additional deaths since then you would have to say that autopilot is WAY safer than human drivers.

 

[Vawlkus]

I'm looking at signing with RBC car insurance.

I originally had a broker, but they said no one they had would insure my Tesla except some company I've never heard of who wanted triple the money any other quote I've gotten since.

 

[rypalmer]

I'm insured with Intact. It was a little more money, but they accepted a lower deductible and let you Uber and Turo your car at no extra premium.

 

[hingisfan]

TD MM here too.... Rates were similar to my 12 year old Altima. $85 per month with $500 deductible and full replacement coverage.

 

[Terapin]

I'm with Trader's Insurance. $500 deductible, full replacement cost, just over $100 a month, Toronto area driving rate. Not unhappy.

 

[iKhalid]

CIBC/Desjardins Insurance (Certas Direct) is worth looking into.

 

[RyersonX]

The personal did mine. $200 a month with $1000 deductible is the best rate I can get. I am 26 and got 1 ticket though.

 

[cwave1]

I'm using RBC (Aviva) and I'm paying about $110 / month with $300 deductible (it goes down $100 / yr with no claims).

 

[mknox]

I'm using RBC (Aviva) and I'm paying about $110 / month with $300 deductible (it goes down $100 / yr with no claims).

Ditto.

 

[Vawlkus]

Odd, my deductible with RBC/Aviva is higher. Gonna haveta look into that.

 

[wayner]

This isn't in Canada but is interesting: US insurer hikes Tesla premiums due to 'higher-than-average' claim rates

 

[rpm001]

$84/mo with The Personal. But $2k deductible. Said they don't do any lower on "premium cars". $6/mo lower than my 10yo Infiniti G35.