Still slow thoughOk that's faster than I thought it would be.. In that case scratch what I said
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Insurance - Electric cars
- Thread starter Forty_Two
- Start date
Rooster6655
Active Member
It's not necessarily electric cars but I think the Model 3 for whatever reason is expensive for some people who don't get good quotes from Direct line. For example I can get a P100D insured for several hundred cheaper than a Model 3 LR, I assume over time this will change as they get more data on the newer cars
Still slow though
It's not 0-60 these days that is the metric of performance but 0-100 or even 0-120
Apparently they’re seen as high risk of theft due to the access method (ie. Phone app) plus no deadlocks I believe. Plus the obvious acceleration, cost of repairs etc. I get my pants pulled down on my insurance as it’s a lease car through my business around £1300 a year.
I found insurance to be ridiculous for my Model 3, compared to anything I've insured in recent years, full ncb, no accidents and much closer to 50 than 40. I even found some of the big names were not able to provide me with a quote.
I'd be really interested to see the cirsumstances in which someone is paying under £300
I'd be really interested to see the cirsumstances in which someone is paying under £300
Rooster6655
Active Member
Maybe it wasn't clear, I meant I insure a Model S P100D which is faster, more expensive and has the same security features for cheaper than any version of the Model 3
MrBadger
Badger out
I suspect that it doesn't help matters that the amount of time a car can be off the road (hence increased hire car duration) for a repair waiting for parts even for a moderate repair can be somewhat prolonged.
Forgot one, the fact Tesla don’t fit locking wheelnuts as standard also increases risk to an insurance company. The fact you can but them from Tesla as an aftermarket add on speaks volumes. Unfortunately because they’re not standard fit it won’t knock your insurance down if you fit them.
NISFAN
A white one
Model 3 can’t be chassis straightened after an accident either. Means it will be written off much more easily than a steel construction car.
Can you add me as a named driver plz?
Serious response to thread: repair costs probably have something to do with this.
My model s was cheaper than my last hot hatch bmw though, and I live fairly close to a dual carriage way junction where numpties often bump into each other.
Yes location is a significant factor. (I need to look at the insurance for our old Fiesta… just realised it costs more than the Tesla!)Can you add me as a named driver plz?
Serious response to thread: repair costs probably have something to do with this.
My model s was cheaper than my last hot hatch bmw though, and I live fairly close to a dual carriage way junction where numpties often bump into each other.
I heard there were concerns from the insurance underwriters on the repairability of the Model Y. Whilst the die-casting process makes for easier construction I can understand how a small collision could require the replacement of one huge expensive part instead of a couple of easily sourced and fitted small parts. The introduction of Tesla's in-house insurance in the US was aimed at thwarting the potential rise in premiums. Anyone heard of whether Tesla UK are still intending to enter the car insurance business?
Billbrown1982
TM3 LR 2021 | Red | FSD
I actually listened to their earnings call today. I don't know why I do it because its nearly always Elon making promises and impossible guarantees.
But, their current plan is to have insurance rolled out through most of the USA by the end of the year, with a very slim chance of making movements towards Europe by the end of this year.
So your answer, is not anytime soon. Especially with all the rules and regs in the UK I don't expect to see it over here anytime before 2024, if ever.
These are cheapest on the CTM for M3 LR, with 20k annual miles (personal, commuting and business use), 5 years no claims with company cars, 39 YO, no other cars and no other drivers, no convictions etc. Located in small, safe and calm town in midlands)
direct line, via Tesla page was ~900 annual.
Peugeot Insurance on the other hand, was ~650 on 7th of January. Then called on the phone and got 530 Aviva, on the other had, getting quote on their website, was just 2200
I wish I had something even close to 400 though
direct line, via Tesla page was ~900 annual.
Peugeot Insurance on the other hand, was ~650 on 7th of January. Then called on the phone and got 530
Aviva, on the other had, getting quote on their website, was just 2200 I wish I had something even close to 400 though
