Xenoilphobe
Well-Known Member
One of the few industries where discrimination is allowed. Age, sex, lifestyle, credit score etc
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Insurance On Model S?
- Thread starter veritas415
- Start date
Sandman1962
Member
When I obtained my insurance through Geico, I made sure that the X-PEL wrap was added on to the policy. I don't know if it makes economic sense to... but this begs the question as to upgrades AFTER delivery, eg higher capacity battery, higher amperage charger, Ludicrous upgrades... I might think that the insurance company might treat them as "modifications" and not cover them...
@andyaycw do you have a a P or just regular Model S? Just cuious. right now Geico for me with the P90D is $1,012 for six months, it was $775 for 6 with a non-P model. I am looking at about $3,200 a year between my 335 and my Model S
bkp_duke
Well-Known Member
It's not the P in and of itself, it's the PxxD that gets you.
We have two P85s with GEICO and they are about 700-750 each per 6 months.
Friend with the P100D (different carrier, granted) is about double that.
We have two P85s with GEICO and they are about 700-750 each per 6 months.
Friend with the P100D (different carrier, granted) is about double that.
There are so many variables here. I lived in Florida for a couple years and drove a new Corvette. As I recall, it was cheaper to insure in Florida than here in California. I suspect being under 28 is the real killer here.
As to decoding the vehicle's VIN, it seems the 7th and 8th position of the VIN would be the only indicator of performance and vague IMO. The 7th position is for battery type (size) and 8th position is for motor or drive unit, single or dual in Tesla's case. The VIN doesn't provide a hint as to "P" - performance. I guess if you're asked, you would probably do well to give it up.
VIN Decoder | TeslaTap
Last edited:
Interesting, wouldn't think about the D
There are so many variables when it comes to insurance. $300 more than a 90D for six moths is ludicrous in my opinion. I just don't think I would try and mess around with GEICO and say its not a P especially on a lease. I was just curious for general inquiry. I am 30 so generally I don't have the issue. I really wish I could just put the VIN in and see what the car comes up as with the insurance company and leave it at that, saying that is how they classify it. considering I pay almost $700 on my 335, the $900+ premium increase for me after the multi-car discount isn't completely out there since the car value is exponentially higher. I wish I could drop my 335 to the lowest levels since I really won't be driving it.
You might want to try Metromile. They're a new VC-backed outfit, I believe, and their model is a pay per mile billing system. You pay a base rate and then a per-mile rate, and they bill by the month with no contracts and no term. The premium on my Model S is $43 per month and 6.5 cents per mile (47, male, married, clean record, OC/SoCal, 3 car discount). This model makes sense for folks who don't drive a lot of miles. Metromile's customer service has been excellent when I've called them for billing and coverage questions, but I have no idea about the claims process since I haven't had any need for that (fingers crossed).
On an annual basis, that's about the same as I'm paying for my S 75 (with a 4-car discount), 9,500 miles each annually. Looking forward, I think insurance companies are going to want you plug one their data collectors into your electronics so they can really invade your privacy.
hybridbear
Active Member
Interesting. That's more than I pay to Progressive & the Model S is my only car so I'm not receiving a multi-car discount. That seems like a pretty high price.
Again, where you live, city, zip code, matters a lot for insurers. I would venture to say that an automobile in Minneapolis is less to insure for the same car in Los Angles. California generally has seven of the worst 10 cities in the U.S. for car thefts:
California cities lead nation in per capita car theft
Minneapolis isn't even on the radar compared to L.A. when it comes to car thefts. So ya, I would certainly expect L.A. to be higher.
Caboom
Member
I actually was rear ended and had no issue with Geico. They provided me with a Tesla approved body shop and from that point on, other than a few follow up calls between me and the bodyshop to coordinate on delivery of the parts i had no problem with Geico.
FWIW, Allied is also who I have my Tesla insured through. Thankfully, no accidents yet so I can't comment on claims service.
The_Mike
Member
Geico in New Jersey had no idea what to do with my S60D, they wanted ~$2500/yr for it alone! We talked to Progressive, which was less than one third of that! We pay a total of $2600/yr for two drivers and four cars. Tesla on its own is $762 / yr for good coverage with $500 deductible.
Cyclone
Cyclonic Member ((.oO))
Morale of the story folks is to shop around, even if you are happy with the service you are receiving. You are under no obligation to switch and sometimes the price differential is striking. Now, if you are happy where you are, the price differential may not be worth switching (Allstate was consistently $20-$30 cheaper for me than Travelers in previous years, but I liked where I was). But sometimes, it is big (Progressive is saving me $650/year).
Similar threads
