Insurance rates for M3

[Lccjblu]

Can anyone share how much they pay per month To insure their model 3? Preferably in the Bay Area and with low deductible (eg$1000) , good driving history?

I plugged in a model 3 SR to geico and it is giving me a quote of about $900/6month period. We're already expecting a MY, but I'm trying to do the math to see if it's worth it to convert our second car over to a tesla as well as I commute 300miles per week. It seems to me that the blow from insurance, not to mention a higher price point for the car itself would totally negate any savings over gas.

 

[Floydsox]

$734 for 6 months with 2 car discount from USAA. $0 comprehensive and $1000 collision. Have you tried Tesla insurance?

 

[Lccjblu]

$734 for 6 months with 2 car discount from USAA. $0 comprehensive and $1000 collision. Have you tried Tesla insurance?

Thanks so much for your response. No I haven’t yet, but I don’t think you can get a quote without owning a car right? We haven’t received our MY yet and I’m just researching/running numbers to see if it’s worth it to sell our second car for a model 3.

 

[Floydsox]

You may have to sign up through the app. That’s where I see it under account. Not sure if it’s available before you receive the car.

It’s not available in my state but it’s available for yours.

 

[kpinthebay]

Everyone's situation is gonna be different, but here's mine for context.

Increase in $325 for the period for MP3. Maxed out liabilities, $500 deductibles. 2 other ice cars. 40s good record good credit. Bay Area.

 

[GTI_20AE]

Here is my insurance quote through Costco (Connect by AmFam), I bundle my home with 2 vehicles.

$570 for 6 months, 2021 Chevy bolt and 2022 Tesla M3 LR. $500 deductibles, maxed out liabilities, UM & rental. Good driving record for both me and my wife. SoCal area.

 

[Anothergeek]

Can anyone share how much they pay per month To insure their model 3? Preferably in the Bay Area and with low deductible (eg$1000) , good driving history?

I plugged in a model 3 SR to geico and it is giving me a quote of about $900/6month period. We're already expecting a MY, but I'm trying to do the math to see if it's worth it to convert our second car over to a tesla as well as I commute 300miles per week. It seems to me that the blow from insurance, not to mention a higher price point for the car itself would totally negate any savings over gas.

I’m paying $1100 per year.

65, spotlessly clean record, multi-car, bundled with home.

That was initially about $700 when the car was new (2018).

It’s gone way up for no good reason.

Teslas are involved in crashes far less often than other brands.

 

[Silicon Desert]

Can anyone share how much they pay per month To insure their model 3? Preferably in the Bay Area and with low deductible (eg$1000) , good driving history?

I plugged in a model 3 SR to geico and it is giving me a quote of about $900/6month period. We're already expecting a MY, but I'm trying to do the math to see if it's worth it to convert our second car over to a tesla as well as I commute 300miles per week. It seems to me that the blow from insurance, not to mention a higher price point for the car itself would totally negate any savings over gas.

Just call your agent and ask what it will cost YOU for a specific model, even if you don't already own that model. Folks here have said it before, other people's cost isn't going to help you or apply to you at all. You can even call competitive insurance companies to ask them for quotes based on your specific "variables".