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Insurance quotes for Australian M3?

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

  1. JWM3P

    JWM3P Member

    Joined:
    Jul 21, 2019
    Messages:
    10
    Location:
    Sydney, Australia
    I won't list prices as it depends on the individual, but I called or did quotes online for a M3 Performance with Shannons, Youi, AAMI, Suncorp, NRMA and CBA and CBA was the best. I think I'll take it with the maximum excess they offer of $1,700 and it really drops the premium.

    Waiting for a call back from Huddle who said the M3P wasn't setup in their system properly yet...
     
    • Informative x 1
  2. kieranu

    kieranu Member

    Joined:
    Jul 22, 2014
    Messages:
    65
    Location:
    Australia
    Up to about 35% discount with RAC WA (EV, membership, online) and two years new for old so very reasonable
     
  3. one4spl

    one4spl Luke Smith - https://TSL43.info

    Joined:
    May 22, 2019
    Messages:
    87
    Location:
    Brisbane, Australia
    Most people have the car under finance, right?
     
  4. Slava

    Slava Member

    Joined:
    Apr 27, 2016
    Messages:
    14
    Location:
    Canberra, Australia
    Hire a Tesla - Electric Car Rental - USA Australia can do comprehensive insurance for all types of Tesla provided that you list the car on the platform. It's around $2.5k/year, but essentially zero if you share your car just a couple of days per month.
     
  5. push2eject

    push2eject Member

    Joined:
    Jun 19, 2019
    Messages:
    10
    Location:
    Australi
    I got a quote from Youi, "2019 Tesla Model 3 Performance Sedan", including glass cover, ~$1,960 with $800 excess.
    Unlisted drivers not covered at all.
     
  6. TEZLA3-AUS

    TEZLA3-AUS Member

    Joined:
    Aug 2, 2019
    Messages:
    34
    Location:
    Australia
    AAMI -
    $869 (got 25%off), excess $1250

    Performance
    Performance pack
    Red
    Full Self Driving

    115,000 agreed value
    27yo male driver
    5158
    No accidents
    Private use
    Garaged
    5,000 - 10,000km year
    No finance
     
    • Like x 1
  7. andygen21

    andygen21 Member

    Joined:
    Feb 12, 2017
    Messages:
    55
    Location:
    Perth, Australia
    RAC WA - SR+
    up to 15k km/year
    40 year old, only one recent claim but not at fault
    agreed value of $82k
    hire car after accident, no claim bonus protection
    Premium $1047/year, excess $650

    For me there's two things that are really attractive about this.
    - As some who has worked with insurance companies (admittedly mostly housing insurance), the RAC generally treat their customers really well.
    - According to the PDS, the hire car is unlimited until the car is repaired, or you settle (i'm guessing you just don't settle and they keep giving you a hire car till its fixed!?). Considering how long its taking people to get their Tesla's repaired, I believe this is a massive bonus.

    Also be aware this is with a 5% discount for being a member for > 5 years.
    This also includes a 25% "Low emissions discount", but every Tesla owner will be entitled to this.

    If they're available outside WA (or if you live in WA) I'd recommend them. My car was written off last year (not at fault), and I had the money in my account within 6 days of the accident.
     
    • Like x 1
  8. Cbrm3

    Cbrm3 Member

    Joined:
    May 11, 2019
    Messages:
    7
    Location:
    Canberra
    How did you get such a good deal?
     
  9. TEZLA3-AUS

    TEZLA3-AUS Member

    Joined:
    Aug 2, 2019
    Messages:
    34
    Location:
    Australia
    To be honest the agreed value was originally only their base I think 89k but they gave me the wrong advice reg new for old, so after about 4 calls they have changed the policy to my Tesla contracts value of 115,000, with no extra charge in premium ($400 value). But I found AAMI to be the most competitive by far.

    Post code makes a huge difference with insurance and if you can make arrangements to not have finance you can save a bunch on insurance as well.
     
  10. m3y3addict

    m3y3addict Member

    Joined:
    May 17, 2019
    Messages:
    39
    Location:
    perth wa
    yes similar quote here for M3PD with RACWA $758 insured for $114K
     
  11. Pieter2019

    Pieter2019 New Member

    Joined:
    Jun 2, 2019
    Messages:
    3
    Location:
    Sunshine Coast, Australia
    Will joining the RACV QLD or a similar club reduce your insurance?
    I am in the process of comparing insurance cost
     
  12. Pieter2019

    Pieter2019 New Member

    Joined:
    Jun 2, 2019
    Messages:
    3
    Location:
    Sunshine Coast, Australia
    Info
    Model 3 performance
    Male
    Mount Coolum, QLD
    43yr
    Garage
    Window cover
    No hire car
    Market Value
    CBA
    $1,261
    No under 30
    AAMI
    $1,821 (no option for Performance, so long range AWD)
    No under 30
     
    • Like x 1
  13. Slava

    Slava Member

    Joined:
    Apr 27, 2016
    Messages:
    14
    Location:
    Canberra, Australia
    This sounds very cheap, great deal if correct! Is there a Flexi Excess on that deal?
     
  14. TEZLA3-AUS

    TEZLA3-AUS Member

    Joined:
    Aug 2, 2019
    Messages:
    34
    Location:
    Australia
    Definitely correct see image: https://ibb.co/
    Flexi excess is $95
     
  15. youmi

    youmi Member

    Joined:
    Jul 21, 2019
    Messages:
    16
    Location:
    Australia
    Did you see the post about the Tesla Insurance in the other thread? Did Tesla already offer insurance in NZ fos S & X models or was this new?
     
  16. Candleflame

    Candleflame Active Member

    Joined:
    Mar 9, 2015
    Messages:
    1,085
    Location:
    QLD, Australia
    #76 Candleflame, Aug 13, 2019
    Last edited: Aug 13, 2019
    Commonwealth Bank seems by far the cheapest... They also do not care whether the car is kept in a garage or on a street or the exact address. Neither do they care about km/year.

    With their highest excess of 1600 AUD I got down to 1250 dollars which is pretty good for the Performance (29 yo, no accidents, 6 years license). Quotes from anywhere else were 1500-1800.
     
  17. RossBrindleyAU

    Joined:
    May 17, 2018
    Messages:
    27
    Location:
    Wantirna South, Victoria, Australia
    I just tried the online quote process for Commonwealth Bank as a new customer and the price was a little under $2500 per year with no under 30 drivers. This is the closest I have managed to get to Shannons at $2,200 and you can do the whole thing WITHOUT having to call them.
     
  18. youmi

    youmi Member

    Joined:
    Jul 21, 2019
    Messages:
    16
    Location:
    Australia
    I find this amazing but have no one else to tell. On the NRMA website (you know, they announced they were building the largest charging stations network), their quote tool doesn't work for any all electric vehicles made in 2019. https://www.insuranceonline.nrma.com.au/oss/GTConnect/UnifiedAcceptor/Portal.Quote?product=Comprehensive&brandId=nrma

    I.e. No Teslas, no Nissan Leaf, no BMW i3 - they all have an error "Sorry, we couldn't find any cars that matched your search" - Presume the search is breaking because it's expecting an engine capacity value for an ICE
     
  19. doug313

    doug313 Member

    Joined:
    Jun 1, 2019
    Messages:
    14
    Location:
    Sydney
    You can kinda quote some variants of model 3 on the NRMA website, need to use find "by rego". Fortunately we know of at least one registration in NSW, EBO45U.

    Don't know what the difference between PERFORMAN and PERFORMANC is, both have default agreed value of $85k, but the latter is cheaper to insure.
     
  20. meowsers

    meowsers Member

    Joined:
    Jul 6, 2019
    Messages:
    215
    Location:
    Australia
    I’ve already taken out and RACV policy and future dated it just to lock in the price on the performanc one

    On the phone they said it was an error they will eventually fix but will honour the lower price for now
     

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