Hi, I was wondering if anyone here knows how much insurance costs for the Model Y with the FSD included?
I live in Maryland, and any quotes would be appreciated! Thanks!
I live in Maryland, and any quotes would be appreciated! Thanks!
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State farm agent here. Insurance rates have more to do with the client than the car. Comparing insurance rates with others is virtually pointless today. What one person pays has zero relevance to what someone else pays. It is literally irrelevant.....
Nope. aamd got a quote from 4 different companies. Same person with the exact same driving history generated 4 significantly different quotes.
Tesla Insurance is very competitive in my experience and they just got into the insurance business (with some other underwriter). I think one of the reasons why Tesla got into insurance is they can take the safety features of the car into account whereas other insurance companies might misprice it.
Uh, every company will have their own actuarial configurations. So, of course there will be variations by COMPANY. But, the vehicle itself has little to do with the rate that the company charges you. Go to those 4 different companies and get them to quote the Model Y and then have them tell you the difference between a Honda Civic. There won’t be a significant difference. I could quote 3 people of the same age/sex/driving record/zip code and get 3 drastically different rates.... And I can only quote for one company.
Again, the car itself has less to do with the rate than the person. I’ve only been doing this daily for 25 years...... But I guess you know more on the subject than I do.....
all kind of insurance companies are total rip off-they'll quote low $ numbers at the beginning and the next quarter will raise the premium. Always switch insurance every 2/3 years-they are all highway bandits.
Uh, every company will have their own actuarial configurations. So, of course there will be variations by COMPANY. But, the vehicle itself has little to do with the rate that the company charges you. Go to those 4 different companies and get them to quote the Model Y and then have them tell you the difference between a Honda Civic. There won’t be a significant difference. I could quote 3 people of the same age/sex/driving record/zip code and get 3 drastically different rates.... And I can only quote for one company.
Again, the car itself has less to do with the rate than the person. I’ve only been doing this daily for 25 years...... But I guess you know more on the subject than I do.....
I have 3 cars on the same insurance, and the cost per car is proving you very wrong.
I had my MY with Tesla insurance. My new MY has FSD and I asked Tesla insurance if my FSD would be coverd if I had a total loss. They said 'NO" I was floored! So I switched to COSTO Insurance and they said as long as my FSD was part of my original equipment and not added on later its 100% covered! It was aslo less expensive!
There are other factors that come into play when rating a particular policy. The car is just one of those factors......
Who drives the car the most? Who is the assigned driver? What is their age? What is their driving record? Do they work? What is their occupation? Do they commute? If so, how far? Is the driver in outside sales or is the car used for business purposes?
If teenager, are they a student? Full time or part time? Do they have B average? Did they take driver training?
Is car a secondary/pleasure vehicle? How many miles driver per year? Do you allow telematics?
How old is the policy itself? Is it receiving any longevity discounts?
Any accidents or surcharges on the policy? How many claims on the policy (tow, windshield, uninsured, etc)? What is the payment history?
The above are just a few factors that apply to the particular policy that covers the particular car. If everything is exactly the same above, the car itself should not make a big difference.
I have 4 cars and 4 policies with 4 drastically different rates.
1. MY - My car with me as the rated driver and I have defensive driving. 0 tickets/accidents and policy is 4 months old
2. Land Rover - Wife is rated driver and she has defensive driving. 0 tickets/accidents and policy is 10+ years old
3. Jeep Wrangler - 16 year old daughter is the rated driver. 0 tickets/accidents, A student, driver training. Policy is 6 years old.
4. Nissan Maxima - 23 year old son is the rated driver. O tickets/accidents and he has driver training. The policy is 10+ years old.
Of course, the rates above are drastically different based on the underlying risk exposure. However, if the CAR is the only factor that changes within the policy, the price should not be drastically effected. Example: If I switched vehicle 1 with vehicle 2, then the MY would actually go down in price under policy #2. The drivers are virtually the same risk but policy #2 is 10+ years old while policy #1 was written in August 2020. So, policy #2 has a 10 year Accident Free Discount which is 25% with my insurance company in my State.
I suppose some companies may place a bigger burden on the vehicle than my particular company. But I would still suggest that it’s not as big of a difference as you might think.
EDIT: Many companies have a single policy to cover all vehicles. So things like the longevity example above may not apply. However, the assigned driver and their associated characteristics will play a heavy factor in the price for that vehicle.