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Finally pulled the trigger and ordered 2016 Model S. Need help with selecting Insurance (Texas)

Discussion in 'Model S' started by nishT, Sep 20, 2016.

  1. nishT

    nishT Member

    Joined:
    Sep 18, 2016
    Messages:
    26
    Location:
    Frisco, TX 75035
    Hello fellow Tesla owners,
    We finally pulled the trigger (aagghh after 2.5 hrs of running around) and ordered my new 2016 Model S75 (technically it would be my Wife's Tesla). This is an inventory model, so expecting it to be delivered within next 2 weeks. I am now looking for some recommendations for Insurance companies. My current insurance company do not insure Tesla's :mad:. So, started shopping around. I live in Dallas, Texas

    Does anyone of you have any recommendations for any Insurance company ?
    Anything to look for or cautious about, when insuring the Tesla (sorry this is my first EV) ?
    Generally, what would be good liability limits ?
    Any ball point range, what could be general cost of insuring the model S75 ?

    Appreciate your help.
     
  2. RogerHScott

    RogerHScott Active Member

    Joined:
    Mar 2, 2016
    Messages:
    1,349
    Location:
    Lafayette, IN
    Liability limits aren't really the issue here -- you're no more, and quite likely less, likely to cause an accident in your Tesla than
    in some other car. The big issue with Teslas is how [email protected] expensive they are to repair, and in that sense traditional insurance
    with its relatively low deductibles works in your favor (since even a modestly large deductible won't seem like much compared
    to the likely repair cost :().

    What you're really looking for these days is an insurance company that hasn't quite caught on to how big claims for a Tesla are
    likely to be (and jacked their premiums up sky-high accordingly). State Farm doesn't seem too bad.
     
  3. BigAirHarper

    BigAirHarper Member

    Joined:
    Dec 27, 2013
    Messages:
    235
    Location:
    Destin, FL
    USAA is very reasonable if you have access to them...
     
  4. Boourns

    Boourns Member

    Joined:
    Mar 9, 2016
    Messages:
    660
    Location:
    Dallas
    I have gotten competitive quotes from both GEICO and Allstate. Not much more than we pay for my wife's Volvo XC60. I had some unfavorable experience with GEICO claims service in the past, though.
     
  5. theslimshadyist

    theslimshadyist NashVegas!

    Joined:
    Jan 4, 2016
    Messages:
    660
    Location:
    Franklin, TN
    I have State Farm but also have our home and personal liability umbrella policy so discounts are applied because I have everything with them. My auto coverage is $250K/$500K/$100K and the quote I received for a P90D was $799 every six months.

    Ahhh, the benefits of living in Tennessee! :)
     
  6. cman8

    cman8 Member

    Joined:
    Jan 2, 2016
    Messages:
    288
    Location:
    United States
    we use progressive. My insurance cost didnt go up too much from my BMW 5 series. Maybe like 50 bucks more every 6 months
     
  7. theslimshadyist

    theslimshadyist NashVegas!

    Joined:
    Jan 4, 2016
    Messages:
    660
    Location:
    Franklin, TN
    I have a 2014 550i and those premiums are $566 every 6 months so jumping from that to the P series was substantial but much less than what others are paying across the USA. I would imagine things are more in line with a non P MS.
     
  8. ColBatGuano

    ColBatGuano Member

    Joined:
    Jun 3, 2016
    Messages:
    73
    Location:
    Texas
    Welcome to the Tesla family, my wife and I have only had ours a short time and we love the car.

    We had Safeco for our home owners insurance and were able to bundle our Tesla and other cars on to the plan. Their rates seem to be in line with the lower rates I've seen others post. One hiccup is that they believe all cars have cylinders and the fewest possible is 3. So I may have one of the worlds few 3 cylinder S90Ds.
     

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