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Insurance Quotes

Discussion in 'Florida' started by stefanp, Mar 1, 2017.

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  1. ToddS

    ToddS Member

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    FWIW, I just heard of this insurance company that is offering discounts for Auto-Pilot. It's called Root. Give them a try.
     
  2. Larry Chanin

    Larry Chanin President, Florida Tesla Enthusiasts

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    Hi Todd,

    Thanks, I'll check out their app next Friday after I pick up my new Model S.

    ANNOUNCEMENT: New Discount for Tesla® Drivers!

    Do you have any background on the company regarding their reputation and claims performance?

    Larry
     
    • Informative x 1
  3. ToddS

    ToddS Member

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    Wish I knew, but have never heard of them. However, since I sue the bad ones, that could be a good thing. LOL
     
  4. Larry Chanin

    Larry Chanin President, Florida Tesla Enthusiasts

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    Hi Todd,

    I think they are very new. Their procedure requires you to download an app to your iPhone and drive around for 2-3 weeks so that they can access your driving style. I have an Android phone and they haven't yet designed the app for Android phones.

    Larry
     
  5. mspohr

    mspohr Well-Known Member

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    I have California AAA for my Tesla and my rate for the Tesla is much less than for my 17 year old Land Rover. I don't understand why but certainly not penalized for the Tesla
     
  6. Racerx22b

    Racerx22b @unplggdd on Instagram

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    You're being rewarded for the fact your car is a million times more safe than any 17yr old car. The medical portion is a big factor with insurance rates and the fact we have the safest car ever built helps offset the ridiculous vehicle repair costs.
     
  7. stefanp

    stefanp Member

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    Wow, this turned into quite a thread.

    To answer my own original question, I ended up with Progressive in South Florida.

    New 2017 Model S 75 D with many non-standard features.

    $644 for 6 months.

    Coverage is attached.
     

    Attached Files:

    • Like x 2
  8. jphelps74

    jphelps74 Member

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    San Ramon, CA.
    esurance $366.39 every 6Months
    Screen Shot 2017-04-13 at 5.44.35 PM.png Screen Shot 2017-04-13 at 5.44.54 PM.png
     
  9. Science->Truth

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    So, does your comment extend to Geico's umbrella liability policies? Are you saying they are poor in actively protecting one from lawsuits for those with their policies?
     
  10. ToddS

    ToddS Member

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    That is my experience.
     
  11. ChrgdTeCHick

    ChrgdTeCHick Member

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    My best quote was from Progressive through my insurance agent.

    $850/6 months on a P85. NE FL
    29y primary driver
    32y secondary
    No other vehicles. Homeowner (not bundled) no priors.
     
  12. jbcarioca

    jbcarioca Active Member

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    I have been with Progressive since I bought my P85D more than two years ago. Each renewal has been cheaper than the one before. I had a minor fender-bender that damaged the other car but no claim for mine. Progressive investigated, kept me aware and ended out 100% blaming the other driver. Upon renewal, my cost dropped again.
    It's hard to love insurance companies but Progressive gets my vote! They like Tesla too.
     
    • Like x 1
  13. jbcarioca

    jbcarioca Active Member

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    Does that mean you replaced your Signature? Do tell, please.

    Cheers,

    JC
     
  14. Larry Chanin

    Larry Chanin President, Florida Tesla Enthusiasts

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    Hi JC,

    Thanks for the interest. Yes, you can read about my decision on our club's Facebook page here.

    Larry
     
  15. Demetraki

    Demetraki Member

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    Grand Island Florida
    I'm about $900 for a 2014 MS85 in red. Using Mercury Insurance. 27 years old near the Mount Dora area. Not sure if I'm paying too much but Allstate (my previous carrier) wanted almost $2000/6 months.
     
  16. jbcarioca

    jbcarioca Active Member

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    My Progressive comments are a few posts back.
    Several crucial factors do influence rates:
    I'm over 70 so that is a big negative, ranking with being a teenager.
    Geography, garaging count for a lot.
    Vehicle does too, but for some companies there is far less penalty than others.
    Multi-vehicle, multi-product are big pricing factors.
    These days credit rating is a growing factor. Nearly all Tesla buyers are probably >750 generic FICO so this probably does not differentiate much for us.
    Above those is accident history/claims history/driving records. each company calculates those a bit differently.

    Claims experience is one thing,
    disputes resolution quite another,
    As @ToddS knows better than most, disputes resolution does not necessarily correlate with typical claims management.
    A few carriers whose claims service is normally exemplary (often ranking high Geico and Progressive are examples) turn into demons in a fight. Luckily few reach that situation.

    Most of the rankings around on pricing, claims and disputes do not distinguish particularly with higher end vehicles. The most often quoted for seriously high end for people with lots of assets is Chubb.

    While doing a proposal for a pseudo-captive insurance company ( a manufacturer sponsored plan) my team ended out with Chubb, Progressive and Geico as reference points with State Farm, a handful of AAA companies and Allstate as the bottoms. For specific age/history/employment and affinity groups the rankings often favored specialists, most famously USAA. Frankly with Tesla we are atypical, so my personal bias goes towards companies that have a favorable Tesla bias.

    My personal preference has traditionally been USAA with whom I have a largish relationship. For several years Chubb beat others for me but Progressive beat all comers for me with expensive aluminum-intensive cars, like my last few in South Florida.

    Frankly, it's not really easy to generalize except on the bad side, like customer service, claims service and disputes. Selecting somebody who'll value your business if demographics trend against you is a bit harder. At my age I probably will not try to change carriers, even if somebody becomes evidently better.
     
    • Informative x 1
  17. Racerx22b

    Racerx22b @unplggdd on Instagram

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    Big thumbs down for USAA. But I think other insurance companies are the same.

    I've had 2 claims with USAA. One with my Range Rover Sport Supercharged ($95k) and my Model X P100D ($165k). Both were minor. Retread hit bumper of RR ($2000 repair) and ladder fell on Model X in garage ($4500 repair).

    USAA wanted me to have RR repaired at Dodge or Caliber Collision (not much different than a Maaco). Yes, I'm free to go wherever I want but if there's no pricing agreement with USAA then all they'll pay is what they're approved body shop writes as an estimate at their USAA approved hourly rates. If you want to go to a body shop catering to higher end cars you're on your own and will be out of pocket. I ended being out of pocket $500 for the both repairs above my deductible.

    The Tesla went to the only Tesla approved body shop in Palm Beach, FL and they still wouldn't pay their rates. My neighbor was rear ended with his Model S and had to come out of pocket $1200 above his deductible with USAA as well.

    The only reason I wasn't out of pocket more for my Model X repair was because I figured out their game. Get the quote from the body shop you want to go to first and then have their field appraiser come to you and before they start hand them he body shop's estimate as a guide. Even with that they were still $500 off.

    They know I have a Tesla. They know who the only shop in the area is. They know the shops rate (the field appraiser complained that the shop never budged on their hourly rates). Why aren't my rates in line with getting it repaired where it should be??

    This infuriates me.
     
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  18. jbcarioca

    jbcarioca Active Member

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    #38 jbcarioca, Aug 27, 2017
    Last edited: Aug 27, 2017
    I knew from some online reports that USAA was rigid about repair shops. I haven't had car insurance with them since I began buying expensive cars, but because of price. Thanks for the insight.

    Others are not like that. In my only incident with my Tesla Progressive sent me to the best shop in my area, but it needed two retaining screws and protective film replace so there ended out being no claim. I think several others are pretty decent too.
     
    • Informative x 1
  19. Racerx22b

    Racerx22b @unplggdd on Instagram

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    As a side note regarding USAA. I provided them an invoice for ceramic coating and chrome delete to show this work was already done on my Model X. I also mentioned to their field adjuster and he noted it on his write up.

    A month after repair I provided them another invoice for the reapplication of the ceramic coating and chrome delete for $1200 and hey paid it in full with no question. They fought to the death over a $500 discrepancy but paid the $1200 without question. I'll never understand insurance companies.
     
  20. Racerx22b

    Racerx22b @unplggdd on Instagram

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    I think this was a typo. Can you clarify your insurance companies name?
     

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