Insurance quotes for Australian M3?

[JWM000]

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...

 

[kieranu]

Up to about 35% discount with RAC WA (EV, membership, online) and two years new for old so very reasonable

 

[one4spl]

Most people have the car under finance, right?

 

[push2eject]

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.

 

[TEZLA3-AUS]

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

 

[andygen21]

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.

 

[Cbrm3]

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

How did you get such a good deal?

 

[TEZLA3-AUS]

How did you get such a good deal?

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.

 

[m3y3addict]

Up to about 35% discount with RAC WA (EV, membership, online) and two years new for old so very reasonable

yes similar quote here for M3PD with RACWA $758 insured for $114K

 

[Pieter2019]

Will joining the RACV QLD or a similar club reduce your insurance?
I am in the process of comparing insurance cost

 

[Pieter2019]

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

 

[Slava]

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

This sounds very cheap, great deal if correct! Is there a Flexi Excess on that deal?

 

[TEZLA3-AUS]

This sounds very cheap, great deal if correct! Is there a Flexi Excess on that deal?

Definitely correct see image: https://ibb.co/
Flexi excess is $95

 

[youmi]

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?

 

[Candleflame]

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.

 

[RossBrindleyAU]

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.

 

[youmi]

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.co...rtal.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

 

[doug313]

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.

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.

 

[meowsers]

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

 

[jamesp]

Opening a can of worms - are there any insurers who are likely to be better for learners? I have another "learners car" but there will be a few road trips that I will want to take the 3 on, and it makes sense to get hours up.

I just got an online CBA quote which seems to just pile on excess but unless you tick the "no young drivers" it's fine. This is what I was expecting.

Sydney metro, garaged, financed, experienced main driver.