Hi all,
I'm new to the forum and new to Tesla. Apologies if this has been covered in other threads, but I did a search, and while I found lots of information, nothing that specifically addressed my question (and if anything, raised more questions).
I just placed my order for a Model 3 Performance a couple weeks ago, and am anxiously awaiting my delivery date. However, now I'm wondering about insurance. I currently have a 2016 Audi S5 and my insurance premium is $494 for six months, which I think is a pretty good rate (though I haven't shopped around in awhile so it's possible that I could find a better rate if I looked). I got a quote from my insurance company for the Model 3 and they quoted me $395 for six months for the same coverage, which I think is crazy good. I didn't think it would be that much lower for a Model 3 considering when all is said and done, it's about the same price as my S5. But I read on this forum and others that insurance starts out low but then people seem to be hit with big increases at renewal time.
So my question for people who have had their Model 3s for awhile - has this happened to you? Where your insurance premium starts out low, but then you get hit with a big increase when renewing? I know you can always shop around, but to me that's a bit of a hassle, especially since I've bundled my auto insurance with my home insurance. Anyway, I just want to know what to expect. Thanks in advance for anyone willing to share their experience.
Also, just for reference, I don't live in CA so not able to purchase Tesla-provided insurance at this time.
Thanks.
I'm new to the forum and new to Tesla. Apologies if this has been covered in other threads, but I did a search, and while I found lots of information, nothing that specifically addressed my question (and if anything, raised more questions).
I just placed my order for a Model 3 Performance a couple weeks ago, and am anxiously awaiting my delivery date. However, now I'm wondering about insurance. I currently have a 2016 Audi S5 and my insurance premium is $494 for six months, which I think is a pretty good rate (though I haven't shopped around in awhile so it's possible that I could find a better rate if I looked). I got a quote from my insurance company for the Model 3 and they quoted me $395 for six months for the same coverage, which I think is crazy good. I didn't think it would be that much lower for a Model 3 considering when all is said and done, it's about the same price as my S5. But I read on this forum and others that insurance starts out low but then people seem to be hit with big increases at renewal time.
So my question for people who have had their Model 3s for awhile - has this happened to you? Where your insurance premium starts out low, but then you get hit with a big increase when renewing? I know you can always shop around, but to me that's a bit of a hassle, especially since I've bundled my auto insurance with my home insurance. Anyway, I just want to know what to expect. Thanks in advance for anyone willing to share their experience.
Also, just for reference, I don't live in CA so not able to purchase Tesla-provided insurance at this time.
Thanks.