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Insurance quotes for Australian M3?

Discussion in 'Australia & New Zealand' started by strykeroz, Jun 4, 2019.

  1. strykeroz

    strykeroz Member

    Joined:
    May 27, 2016
    Messages:
    405
    Location:
    Brisbane, Australia
    Hi,
    Has anyone had any joy getting insurance quotes yet? My broker has come back with blanks so far.
    Granted it's only week 1 of ordering, but I was hoping to put the complete maths together for the novated lease option through work.
    Geoff
     
  2. ittah

    ittah Member

    Joined:
    Oct 17, 2018
    Messages:
    28
    Location:
    Melbourne
    Please have been getting quotes from Shannon’s, I believe they have the model 3 in their system.
     
  3. strykeroz

    strykeroz Member

    Joined:
    May 27, 2016
    Messages:
    405
    Location:
    Brisbane, Australia
    Thanks. Since they're a Suncorp brand that bodes well for the others to have it soon too. I'm holding out for the LR in RHD so the pressure is off for now.
     
  4. Wol747

    Wol747 Member

    Joined:
    Aug 26, 2017
    Messages:
    83
    Location:
    Australia
    Any news on Tesla insurance policies (in Australia) as promised by Musk some time ago?
     
  5. BenCharlesRhys

    Joined:
    May 28, 2019
    Messages:
    16
    Location:
    Fortitude Valley, QLD
    Musk's promises (if you can call them that) apply in US only. It's very difficult as insurance is highly regulated in Australia. They would almost need to make an acquisition in Australia to be able to offer insurance here - like what they've had to do in US.

    He's tweeted:
    Elon Musk on Twitter

    "We’re working on it. Takes time to get all regulatory approvals. Almost there for the larger US states. At least 6 to 12 months for Europe/UK."
     
  6. Wol747

    Wol747 Member

    Joined:
    Aug 26, 2017
    Messages:
    83
    Location:
    Australia
    Thanks. Have you any suggestions for comp insurance here?
     
  7. Techno-phile

    Techno-phile S100D in garage with P3D and Roadster on order.

    Joined:
    Nov 13, 2014
    Messages:
    135
    Location:
    Perth, Australia
    Which State are you in? - RACWA are very competitive and give 25% discount on new policies for EVs.
     
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    • Like x 1
  8. strykeroz

    strykeroz Member

    Joined:
    May 27, 2016
    Messages:
    405
    Location:
    Brisbane, Australia
    After a tip on here Shannons were able to quote I got an online quote from parent Suncorp and it correctly had the two variants to select (though it also asked if it had aftermarket modifications including nitrous which makes me smile). If Suncorp can do it their sub-brands AAMI etc all likely can now. More boutique insurers that we access via our broker still can't quote as at last week.
     
  9. Wol747

    Wol747 Member

    Joined:
    Aug 26, 2017
    Messages:
    83
    Location:
    Australia
    Coincidentally to reading your replies I had a reply from Tesla Sydney to whom I had addressed the same (and other) question(s):

    >>1. We had Tesla insurance for over a year in Australia, but the underwriter QBE stopped insuring luxury cars, so we are on the search for a new underwriter and will relaunch InsureMyTesla.<<

    If anything turns up I will post further.
     
    • Informative x 1
  10. zjrobinson

    zjrobinson Member

    Joined:
    Nov 5, 2017
    Messages:
    8
    Location:
    Hobart, Tasmania
    Got the following from Shannon's. 2 drivers, both in 30s, no prior claims or demerits. Parked in urban carport.

    Tesla Model 3
    • Comprehensive
    • Annual fee: $2364
    • Excess: $750
    Tesla Model 3 Performance
    • Comprehensive
    • Annual fee: $2597
    • Excess: $900
    Trying to compare with some other quotes, but can't find another insurer with the Model 3 underwritten yet (at least in Tasmania). Anyone else know another national insurer who is providing quotes for Model 3?
     
  11. Matt_NZ

    Matt_NZ Member

    Joined:
    Jun 7, 2019
    Messages:
    41
    Location:
    New Zealand
    For the New Zealanders reading, I got a quote from AMI for the performance. Annual premium was $1385 and the excess was $900. They wouldn't do no excess, no claim window cover due to the glass roof, though. I didn't think that was all that bad for a 33 year old with one car park ding claim in the last 3 years. It was only $85 more than I paid for the premium on my 2007 Nissan Skyline.
     
    • Informative x 1
  12. houdini

    houdini Member

    Joined:
    Mar 11, 2014
    Messages:
    562
    Location:
    Australia
    Suncorp quote:
    Comprehensive Car Insurance
    • 2 year new car replacement
    $1026.95
    *Inc. GST and gov't charges

    Comprehensive Car Insurance
    • 2 year new car replacement
    • Windscreen
    $1041.15
    *Inc. GST and gov't charges

    Comprehensive Advantages
    • Lifetime new for old car replacement
    • Windscreen
    • Hire Car (unlimited days)
    $1179.16
    *Inc. GST and gov't charges
     
  13. OzVic

    OzVic Member

    Joined:
    Jun 20, 2019
    Messages:
    34
    Location:
    Australia
    SR+ or P3D
     
  14. houdini

    houdini Member

    Joined:
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    Location:
    Australia
    SR+, both drivers over 35, one male and one female. Vic.
     
  15. OzVic

    OzVic Member

    Joined:
    Jun 20, 2019
    Messages:
    34
    Location:
    Australia
    Cheers! Just tried the Performance but they won't online quote it.
     
  16. jimmyleet

    jimmyleet Member

    Joined:
    Jun 7, 2019
    Messages:
    18
    Location:
    Adelaide
    Commonwealth have the SR+ and P Model 3.
     
  17. T3SLA3

    T3SLA3 Member

    Joined:
    May 23, 2016
    Messages:
    59
    Location:
    Christchurch, New Zealand
    In NZ, Tesla provide InsureMyTesla through Vero [email protected]..
    Cover for $105000, no accidents in 12 months, costs $1322 NZD.
     
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    • Like x 1
  18. djayz

    djayz Member

    Joined:
    Aug 6, 2014
    Messages:
    88
    Location:
    Melbourne
    This is insanely cheap. I don’t understand why here in Melbourne with zero accidents a 41yo in a safe suburb with garage and the quote comes to $1900 with a $850 excess or higher.
     
  19. m4rtin

    m4rtin Member

    Joined:
    Jun 8, 2019
    Messages:
    52
    Location:
    Sydney
    What do people usually go for -> "insured value" (I assume purchase cost) or "market value (at time of claim)"?

    One costs less, but the other gets you a new replacement.
     
  20. m4rtin

    m4rtin Member

    Joined:
    Jun 8, 2019
    Messages:
    52
    Location:
    Sydney
    Just noticed that too. I wonder why that is.
     

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