ICBC is now subsidizing the cost of optional insurance with your basic premium, thereby making private insurance non competitive. He'll it'll eventually be 2000 for basic with 1 dollar collision and comprehensive. Our insurance system is a joke!
Just got a letter from Belairdirect. They increased my deductible from $1,000 to $2,500. After calling them they told me that all high priced vehicles, including Tesla's would see an increase in deductible. $2,500 is a bit high. Going to shop around.
Vancouver ClearBra
Local Vendor - Canada
Don't count on it. My X in Nova Scotia just jumped to $1900 per year, and that's one of the lower options. Lowest is Allstate at $1770 BUT that's only if you use their tracking app on your phone.
I'm still thinking it over.
Vancouver ClearBra
Local Vendor - Canada
I'm sorry to hear this... Seems insurance all over is going up and up =(
Wow thats great. Im 3071 with ICBC and BCAA. If i decided to go with only ICBC it would have cost 3800...
If i went with the $1000 deductible i would have saved 200-300 with BCAA
2019 TM3 SR+, pleasure and work driving at about 35K km/year.
ICBC Basic: $691 plus $61 for licence fees
BCAA Optional: $1051
The BCAA optional includes $5,000,000 third party liability; $500 deductible on collision and comprehensive; and "replacement cost plus".
BCAA discounts include $102 for being a BCAA member, $51 for an eco-friendly vehicle, and three others totaling $50.
So about $1800 all in.
ICBC Basic: $691 plus $61 for licence fees
BCAA Optional: $1051
The BCAA optional includes $5,000,000 third party liability; $500 deductible on collision and comprehensive; and "replacement cost plus".
BCAA discounts include $102 for being a BCAA member, $51 for an eco-friendly vehicle, and three others totaling $50.
So about $1800 all in.
That's a great deal. How many years driving? I haven't got my VIN yet for my SR+, but I think it's slightly cheaper to go with BCAA than ICBC optional.
Insurance on the island is significantly cheaper than the lower mainland. In general BCAA optional is cheaper, but you need to qualify, by having no accidents and 10+ yrs of driving experience.
I think BCAA was interested in experience over the past 10 years. I had no accidents and no points during that time.
To/from work less than 15km, in Vernon, total $2,234. Had I gone with just ICBC, it would be $432 more.
Combined driver factor is 0.607 (this is the number they scale with now), driving for 11 & 10 years.
$1,430 BCAA Optional
ICBC really jacked up the optionals, but reduced the basic. It was pretty close last year so we just went full ICBC, but with a >$400 difference I just can't. Thankfully, BCAA now gives the discount for a fuel efficient vehicle (they didn't a year ago, at least not for our LR AWD). Notably, if I used our old postal code (5 minutes down the street but in a similar area) it raises the cost with BCAA by nearly $1000.
Is anyone concerned about repairs at a certified body shop though? I guess in Vancouver it may be less of a concern, but out here in the Okanagan there's no overlap between BCAA shops and Tesla certified shops.
Fun fact: This is significantly less than I got quoted for my 2014 Honda Crosstour for pleasure use, which would've just about bankrupted us had we not sold it. Ridiculous.
Combined driver factor is 0.607 (this is the number they scale with now), driving for 11 & 10 years.
$1,430 BCAA Optional
- $2,000,000 total liability
- $1,000/$500 deductibles (I think... I'm gonna have to double-check this)
ICBC really jacked up the optionals, but reduced the basic. It was pretty close last year so we just went full ICBC, but with a >$400 difference I just can't. Thankfully, BCAA now gives the discount for a fuel efficient vehicle (they didn't a year ago, at least not for our LR AWD). Notably, if I used our old postal code (5 minutes down the street but in a similar area) it raises the cost with BCAA by nearly $1000.
Is anyone concerned about repairs at a certified body shop though? I guess in Vancouver it may be less of a concern, but out here in the Okanagan there's no overlap between BCAA shops and Tesla certified shops.
Fun fact: This is significantly less than I got quoted for my 2014 Honda Crosstour for pleasure use, which would've just about bankrupted us had we not sold it. Ridiculous.
Renewed back in April.
To/From work more than 15km + pleasure use, in Vancouver, no other additional drivers, Combined driver factor 0.540
ICBC Basic $1083
Annual Lciense Fee $61
BC Parks Plate Renewal Fee $40
ICBC Total $1184
BCAA
Extended Third Party Liability Coverage up to 2,800,000 $232.32
Collision Coverage, 300 deductible $497.64
Comprehensive Coverage, 300 deductible $311.72
Preferred Driver Package $20
Replacement Cost $161.87
Discounts
Anti Theift -$15.59
ESC Discount -$24.88
Eco-Friendly Vehicle Discount -$52.09
BCAA Member Discount -$104.16
BCAA Total $1026.83
Grand Total $2210.83
To/From work more than 15km + pleasure use, in Vancouver, no other additional drivers, Combined driver factor 0.540
ICBC Basic $1083
Annual Lciense Fee $61
BC Parks Plate Renewal Fee $40
ICBC Total $1184
BCAA
Extended Third Party Liability Coverage up to 2,800,000 $232.32
Collision Coverage, 300 deductible $497.64
Comprehensive Coverage, 300 deductible $311.72
Preferred Driver Package $20
Replacement Cost $161.87
Discounts
Anti Theift -$15.59
ESC Discount -$24.88
Eco-Friendly Vehicle Discount -$52.09
BCAA Member Discount -$104.16
BCAA Total $1026.83
Grand Total $2210.83
Anyone here take delivery of a previous Tesla model on release? If so, did you have issues getting insurance from BCAA?
We're supposed to take delivery of our MY on Wednesday and when I called BCAA to get a quote (with VIN) the MY wasn't in their system so they need to call underwriting and get back to me. Am wondering if A) they'll be able to insure the vehicle at all and B) if it isn't in their system yet, am I going to get a ridiculous rate?
We're supposed to take delivery of our MY on Wednesday and when I called BCAA to get a quote (with VIN) the MY wasn't in their system so they need to call underwriting and get back to me. Am wondering if A) they'll be able to insure the vehicle at all and B) if it isn't in their system yet, am I going to get a ridiculous rate?
Well, I just heard from BCAA-they won't insure the MY this year as there's no history on it. Are there any other options for additional insurance and/or new vehicle replacement coverage? Combing through I saw Belair mentioned but looks like you need to install software (no thanks) or Aviva for replacement coverage (couldn't find info on their website).
