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Insurance quotes for the Tesla MS in the UK.

Discussion in 'The UK and Ireland' started by Rluner, Aug 10, 2015.

  1. Rluner

    Rluner Member

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    North West UK
    #21 Rluner, Aug 24, 2015
    Last edited: Aug 24, 2015
    Final Update

    Hastings Direct £3,5000
    NFU £1283 Excess £1600 (Actually confirmed my postcode was the main issue to the price)
    Compare The Market - Cheapest Admiral Little Black Box £1300

    That`s about it, I think I`ve covered all the sites and insurance brokers that have been recommended and a few more too. I hope all the links are good to each company, as it may make someone else`s time quicker getting an insurance quote on a Tesla MS.

    Is there anyway I can edit my original post, with a summery of all my quotes on for the ease of users viewing this topic?
     
  2. Amanmahal

    Amanmahal Member

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    London, UK
    Thanks Rluner, this is really really useful as just getting ready to sort my own insurance out. I'm 35 with no NCD (as amazingly I haven't owned a car before and the MS will be my first!) so will update with my quotes once I have them finalised.

    I'm getting a 90D - do you think I can get away with just sticking to 85D as the model and the correct price? I spotted no-one has the option of 90D yet...

    Also, does anyone have gap insurance in case the car is stolen / written off in year 1? I'm going with 5 year (with 3 year optional break) financing option... Friends with other leased new cars have recommended getting this where possible. Appreciate anyone's input on this.



     
  3. thegruf

    thegruf Active Member

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    I believe posts only remain editable for 24h

    Maybe the mods could make it a wiki post, it has some of the most useful information for prospective owners particularly as the Tesla is still new in the UK and is not widely insured
     
  4. ElectricSingh

    ElectricSingh Member

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    Home & Legacy bundled in a product similar to gap-insurance, although generally don't fall for the extra add-ons if you can help it. Bog standard Fully Comp is all you'll ever need in most cases.
     
  5. thegruf

    thegruf Active Member

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    One point to watch with insurance, as pointed out to me by the Tesla guys, is whether the insurance covers the battery.

    The inference being that not all insurers do so.

    Obviously Tesla offer an 8yr warranty on the battery but this is only for a technical failure, consider for example the battery is damaged by an accident that not not actually impact the battery but causes it to fail.
    Maybe unlikely but you can bet insurers will wriggle if they can, particlarly for a 20K(?) battery
     
  6. Amanmahal

    Amanmahal Member

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    Broadly speaking I've had a little bit of a shocker on the 90D insurance front, thought I'd send out the results.

    My background
    This is the first car where I am the first insured driver (so zero no claims discount). I'm 35 years old and I have had a license for 18 years and a clean driving history with no points. My wife has 3 points but otherwise a clean history. We're buying the car through a company we own (so a Ltd company is the registered owner) and I am the registered keeper. The notional value of the car is £81,000. Here are my results:

    Aviva - won't insure anyone without 2 years NCD, refused to quote.

    Churchill - won't insure anyone without 2 years NCD, refused to quote.

    Direct Line - won't insure anyone without 2 years NCD, refused to quote.

    Liverpool Victoria - Quoted £2,941.62 and would require a tracker

    NFU - Quoted £2,991 with £1,000 excess. Includes new car replacement for 2 years.

    --- at this point I got a little desperate and called some brokers:

    Swinton - weirdly refused to quote without a registration number, only time this happened.

    Adrian Flux - Offered a quote of £2,285.92 with £3,000 excess via XS Direct. Subsequent googling confirmed these guys were cowboys and should be avoided at all costs.

    Keith Michaels - couldn't get me a quote.

    ---- at this point I tried a few more non-brokers:

    John Lewis Insurance - value of car too high, refused to quote.

    Admiral - £1,509.44 with £500 excess.

    Subsequently I discovered my wife's insurance policy (where I am second named) is with Admiral and they therefore subsequently gave me 2 years NCD and brought their insurance price down to £962.48! A (relative) result.

    - - - Updated - - -

    Also -

    ALA sells gap insurance: 3 years cover for a one-off fee of £318, will pay back to invoice value (£81,000) and cover up to £50,000. Will only not pay if the primary insurance company refuses to pay out. Seems to have very good reviews from car review magazines and sites.

    I'm tempted to get this, anyone have any thoughts?

    Regards,
    Aman
     
  7. ElectricSingh

    ElectricSingh Member

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    Aman, did you try Home & Legacy? They were the original recommended insurer for Model S when it first launched in the UK. I got a reasonable quote from them despite living in Cranford at the time (your postcode tends to bump the premium)! You would also need to get Class 1 Business Cover if it's owned by your Ltd.

    Home & Legacy
     
  8. Yarmstu

    Yarmstu New Member

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    I've just insured my Model S 85 for 18k miles pa with NFU mutual for £371!!! I am 55, live in Yarm on Tees and have good NCD and history as does my wife who is the other driver. To my astonishment this price includes gap insurance until the car is 2 years old, legal protection (everyone else seems to charge c£30 for this on top of premium), European cover (green card) and breakdown cover (not so important with Tesla warranty). I was so shocked I couldn't get my credit card out quickly enough (no extra charge for using credit card. I was previously with Admiral whose renewal price was struggling to get below £500!
    Well worth a visit to save so much :)
     
  9. Sirguydo

    Sirguydo Member

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    BOLTON , United Kingdom
    Pretty sure NFU is very dependant on your postcode , you need to be classed as a rural postcode ?
    they wouldn't offer my brother a quote
     
  10. LostJackal42

    LostJackal42 Member

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    P85D - £102,480.00 spec. 26 years old. 8 years no claims. 8 years 6 months licence.
    Admiral (Black box) HA! £998.52
    Admiral - £1414.04 (£700 excess) / Elephant (same company) £1,432.06 (£700 excess) / Diamond (same company) £1,449.02 (£700 excess)
    Lloyds - £3,858.16 (£2550 excess)
    NFU - £796.01 (£750 excess) but seems it's a misquote due to it actually being for a P85... awaiting further confirmation
    Bell (Business type 1) £3062 or £2802 (social only) - £750 excess
    LV - Won't quote due to age
     
  11. Candleflame

    Candleflame Active Member

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    Is this fully comprehensive? I have my car insured abroad as the UK is absolute nuts when it comes to car insurances, but 300 quid seems really quite reasonable.
     
  12. martinwinlow

    martinwinlow Member

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    #32 martinwinlow, Sep 24, 2015
    Last edited: Sep 25, 2015
    It is fully comp but it was only for 9 months worth to cover the MS until my existing multicar policy came round for renewal. It's now 'that time' and they want a not wholy unreasonable £470 for the next 12 months (fully comp) cover.

    I'll also add that following receipt of my latest premium costs, I approached a specialist insurer connected with my 'industry' (can't say what that is on this forum, unfortunately) for an alternative quote and when I told him what I had been quoted he said he hadn't a hope in Hell of bettering it. MW
     
  13. gbjk

    gbjk Member

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    Location:
    Peterborough, UK
    My 90D arrives November.

    £808 from Admiral based on an 85D

    32 Years old, Garaged car, 12k/year, £80k value, 13 years driving, 11 years NCB, 1 claim in last 3 years [1]

    I'm relatively pleased with that. Struggling to get them to add 90D to their list of vehicles, but apart from that it's mostly okay.

    G

    [1] Radar detectors stolen off my A6 parked at NEC. Absurd. Cost £3k!

    - - - Updated - - -

    ( Fully comp, £500 voluntary excess )
     
  14. Spit

    Spit Member

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    I just got a quote from the NFU for an 85D. £546.

    Try them.
     
  15. Sirguydo

    Sirguydo Member

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    Just got a quote off NFU for BOLTON postcode of £2283 for a 70d valued at £73,000
     
  16. Spit

    Spit Member

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    Ouch, the best deals are rural postcodes.
     
  17. panorman

    panorman Member

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    I took delivery of a P85D yesterday, and used comparethemarket.com as gocompare and a couple of other similar sites didnt list model s.

    With my previous 14 years no claims history, I got a great deal of under £600 for fully comp. with Admiral. They probably won't always be the best, but I paid less than I was expecting, although it did take 30 minutes on the phone after getting the quote to get it done.
     
  18. Peacher

    Peacher Member

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    I've just reserved my 85D and looking to get a company / fleet policy (we've got 3 company vehicles) - anyone manage this so far?
     
  19. smac

    smac Active Member

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    I've got a 15 car fleet policy. You'll need to talk to a commercial broker really.

    PM me if you want the details of ours.
     
  20. Peacher

    Peacher Member

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    Thanks, I've got a broker we use for everything, they managed to find a policy yesterday, but it adds an extra £1,200 to the policy, reckon my existing BMW 330d is about £1100 on there at the moment (based on previous single policy) so that's about £2,300 for the tesla...

    i tried asking king home and legacy, but they said they don't insure BCH, and you have to get your leasing company to agree it's OK for the policy to be in your personal name.
     

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