Sharkbait
Member
849 credit score here. It does help to pay your bills and carry low debt. Don't plan on financing the Tesla either.
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Hey Guys,
Just placed my order yesterday for a 60s, having trouble finding the best insurance to work with. Quotes I'm getting are 300-400/month. I know insurance rates vary, but is anyone in a similar boat able to get their rates down?
Age: 27
Gender: Male
Single
San Francisco
Clean driving record.
is there a difference in quotes for s60 vs s85? someone said that the 85 was put considered performance category but the 60 was not. is this consistent with other people's experience? it's not like s60 is a slow car.
Since i need a commuter on Cali freeways, paying premium for s85 is not worth it to me if the insurance will be that much more.
I am 30 yrs old living in San Francisco for my 60D I got around $300 for a standard policy. My 2015 bmw 428 grand coupe was $108 a month.
If you own a share of Berkshire-Hathaway, you can get a shareholder discount. There are two classes BRK-A and BRK-B. I know the A shares have a geico discount, and I BELIEVE that the same holds for a B share. The A share sells for $218,400 and the B share sells for $145. Buying a $145 share to save you 15% on insurance seems like a deal!!I'm calling my current insurance company tomorrow (AMICA) to see how competitive they can be with GEICO (see post #38). For three cars, including a Tesla, I can be happy with anything around $1,300/6 months or $2,500 for a one-year policy.
Here in California, GEICO doesn't provide a discount for bundling homeowners with auto. I was told their homeowners department was separate from auto. You would think they would offer some sort of discount for bringing three autos and two homes over to them. I'm allegedly getting a bundling discount with AMICA. We'll see.
Buying a $145 share to save you 15% on insurance seems like a deal!!
I think being shareholder - with one share or a dozen, baby berry or the big guys - one discount.What discount if I buy an 'A' share??
This thread about potential insurance costs for a Tesla started making me nervous, even though my wife and I have fairly clean records and no claims on either homeowners and auto with our current insurer - AMICA.
Contemplating a Model S acquisition in November or December (I'm still playing around with Design Studio), I don't need to cover the car now but really need to know what it might cost. I have yet to contact AMICA but I was able to get an online quote using GEICO's web site. So for covering three cars for six months, here's what I got:
Bodily Injury Liability - $500,000/$500,000 - $275
Property Damage Liability - $100,000 - $196
Uninsured/Underinsured Motorist - $500,000/$500,000 - $132
Comprehensive - 2016 Tesla S 60 - $200 deductible - $163
Comprehensive - 2006 Lexus LS 430 - $50 deductible - $87
Comprehensive - 2013 Toyota Prius - $50 deductible - $66
Collision - 2016 Tesla S 60 - $1,000 deductible - $256
Collision - 2006 Lexus LS 430 - $1,000 deductible - $105
Collision - 2013 Toyota Prius - $1,000 deductible - $108
$1,388 every six months total. I ran the quote declining everything else, including medical as my wife and I have pretty good medical insurance. We don't need towing as we have AAA Premier coverage. We don't need rental coverage as we would have three cars and no children as drivers in the household.
I know nothing about how good GEICO is when you need them, so that would be a concern. Then again, I've never had to use AMICA in the 10+ years I've been with them, so I can't say they're good or bad either. Will call AMICA on Monday to see what they say.
Unless you really need 3 cars, I think getting rid of 1 out of the 3 cars is best course of action to reduce cost. The multi-car discount is probably less on the 3rd car than with just 2 cars.
Does this coverage look reasonable to you?
900 every 6 months or a month??!!!I was declined coverage from Ameriprise due to the Tesla costing over 1000K.
Currently my Geico premium has gone up almost 900 a month just by adding the Tesla.
900 every 6 months or a month??!!!
If it's 900 a month, you are looking at $10,800 a year increase?