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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Insurance On Model S?
- Thread starter veritas415
- Start date
Dan60D
Member
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.
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.
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 would recommend checking with a few insurers, as different insurers may handle it differently. My hunch is that if you really want the s85 you can probably get about the same price if you don't mind shopping around. The insurance on my new P90D with Ludicrous is barely more than I paid for the same coverage on the six-year old Audi I just traded in that had 97K miles and was worth $13K.
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.
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.
AZ Desert Driver
Rare combination
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!!
AZ Desert Driver
Rare combination
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??
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.
Model S M.D.
Ludicrous Radiologist
Highly recommend Progressive. I also have them for my homeowners and umbrella insurance. They were the cheapest for me, and having been in a total loss accident recently, I can attest to how fast they work.
That is the plan. The wife is getting a '17 Lexus RX (she's in the SUV mode) and we'll sell the Prius. I showed her the "X" but she's hooked on Lexus brand. Hate to sell the Prius, as it's a really great car. Not one trip to service for maintenance issues in going on four years and very reliable 50 mpg city or highway.
Personally, I would choose higher liability coverage, perhaps covered with an umbrella policy for your home and auto/s. Deductibles of collision is up to you, depending on how much can afford out-of-pocket.
900 every 6 months or a month??!!!
If it's 900 a month, you are looking at $10,800 a year increase?
Living in Sunnyvale, my currently policy is two car 2012 Camry hybrid XLE and Tesla Model S60(although they mistaken it to S70)
full coverage with $250 deductible. 10000 Mi each year for commute and leisure.
Ameriprise (Costco Exec member) quote me $1126 for 6 months. My previous insurance Farmer's quote me $1700 and Gecko quote me $2100, jump the ship with Costco.
full coverage with $250 deductible. 10000 Mi each year for commute and leisure.
Ameriprise (Costco Exec member) quote me $1126 for 6 months. My previous insurance Farmer's quote me $1700 and Gecko quote me $2100, jump the ship with Costco.
sorry, it is 900 for every 6 months. This is in addition to my 3 other cars.
driving record is clean. Male 36 married
Just got quote fro progressive which was 700 dollars cheaper per 6 months
Independent insurance agent here (meaning I am contracted with several companies, not just one like captive companies). As others have said, it varies WIDELY across the spectrum. Each company is different in their rating variables and what they account for. Some won't write anything over $100k cost new, some have stopped writing Tesla's altogether, some have no idea how to rate for them so they put the highest symbol possible, and some are starting to figure it out.
The key is to shop around. Not just with the insurance.com types or 1 800 numbers, but a local independent agents too. Not only are they able to shop with several companies at once, they also provide "old fashioned" customer service and are another resource for help during claims issues. However, I will admit, some agents might be unfamiliar with Teslas.
As far as general insurance tips: buy high liability limits. No less than 250/500/100 or 500,000 CSL. Driving around a Tesla, you already have put a target on your back. You accidentally run over a pedestrian? Accidentally run a church van off the road? Cause a multi-vehicle pileup? You better believe they will obtain an attorney and go after you hard because you'll be seen as having deep pockets. Purchasing high liability limits is an absolute no brainer. Purchasing an additional layer of protection (umbrella policy) is also extremely wise. You don't want to worry about running out of insurance in the middle of a major lawsuit, I've seen it happen.
Another tip, and this will probably frustrate some, don't make any claims if you can help it. Of course, sometimes it's more prudent to file a claim...you run off the road and strike a tree causing $25,000 in damages, of course, turn in a claim. But you back into a light pole at the grocery store? Go get an estimate, and if you can pay for it out of pocket...by all means do so. I can't tell you how many clients I have that can't get that through their heads. They call to report a little claim here, little claim there, etc. So while they may collect a few hundred dollars in a year in claim benefits, it will cost them way more money down the road. It can be the difference in paying $900 a year in insurance and $3,000 a year. I have about 10 years of insurance history for both auto and home, and I have zero claims. Have things happened? Of course, but we paid for them out of pocket, but no claims.
The key is to shop around. Not just with the insurance.com types or 1 800 numbers, but a local independent agents too. Not only are they able to shop with several companies at once, they also provide "old fashioned" customer service and are another resource for help during claims issues. However, I will admit, some agents might be unfamiliar with Teslas.
As far as general insurance tips: buy high liability limits. No less than 250/500/100 or 500,000 CSL. Driving around a Tesla, you already have put a target on your back. You accidentally run over a pedestrian? Accidentally run a church van off the road? Cause a multi-vehicle pileup? You better believe they will obtain an attorney and go after you hard because you'll be seen as having deep pockets. Purchasing high liability limits is an absolute no brainer. Purchasing an additional layer of protection (umbrella policy) is also extremely wise. You don't want to worry about running out of insurance in the middle of a major lawsuit, I've seen it happen.
Another tip, and this will probably frustrate some, don't make any claims if you can help it. Of course, sometimes it's more prudent to file a claim...you run off the road and strike a tree causing $25,000 in damages, of course, turn in a claim. But you back into a light pole at the grocery store? Go get an estimate, and if you can pay for it out of pocket...by all means do so. I can't tell you how many clients I have that can't get that through their heads. They call to report a little claim here, little claim there, etc. So while they may collect a few hundred dollars in a year in claim benefits, it will cost them way more money down the road. It can be the difference in paying $900 a year in insurance and $3,000 a year. I have about 10 years of insurance history for both auto and home, and I have zero claims. Have things happened? Of course, but we paid for them out of pocket, but no claims.
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