-Uninsured Motorist Coverage max is 50K only and i have selected loan lease payoff - Both should cover the value of the car.
I have good medical coverage from my employer so that should be take care off.
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Insurance Tripled after adding Tesla
- Thread starter Mrbattery123
- Start date
-Uninsured Motorist Coverage max is 50K only and i have selected loan lease payoff - Both should cover the value of the car.
I have good medical coverage from my employer so that should be take care off.
Great news! Just wanted to make sure you were covered on all accounts.
Every state is different and it's hard to directly compare. Since NJ is a "no fault" state - that means that no matters whose fault an accident is, YOUR OWN insurance company pays medical claims. Of course they still determine who's at fault and THAT part is responsible for their portion of the property damage... but the medical bills are paid by your own insurance.
Because of this, we carry "Personal Injury Protection" insurance at high limits. For example, ours is $250,000, and is included as part of our liability insurance.
Here's our coverage below for our Model 3... note these are 6-month premiums:
Someone correct me if I’m wrong but That 50k uninsured is not for the car, it’s for other damages., like someone hitting you and you hit damage private property. I keep my medical insurance just high enough to cover my out of pocket maximum.
brucet999
Active Member
Uninsured motorist is to cover damages you suffer in a collision when struck by someone without insurance.
Glad I found this thread. Was quoted over double what I'm paying now for my '09 BMW 335i which I will be replacing with the M3P I'm picking up on Monday. Thought it would have been a normal increase considering my 335i is not worth much now. Went to check other rates after reading this thread and Progressive quoted just a little bit more than what I'm paying now for Geico even though I've upped my coverages and lowered my deductibles. Geico must have been overcharging me for years. I guess it pays to compare rates regularly.
Absolutely. I ditched Geico and went to State Farm and cut my rates in half - yes in half. I was with them for 15 years, including my home insurance. Home insurance premium did not change, but auto was cut by half
With State Farm when I recently switched from 3 to Y, the premium for Y came in a bit less than the 3.
With State Farm when I recently switched from 3 to Y, the premium for Y came in a bit less than the 3.
I pay $102 a month ($611 every six months) for my 2020 Tesla Model 3 Performance, through USAA. Zero $ deductible comprehensive, 250 deductible for collision. Collision loan coverage and uninsured motorist coverage. Rental reimbursement, free towing up to 75 miles for any reason, Roadside coverage for flat tires, etc etc.
I pay $98/month ($586 every six months) for my wife’s 2020 Kia Niro EV EX; which cost roughly $30,000 less than the Model 3.
And I get a rebate check a couple of weeks before Christmas. They call it their “Subscriber Savings Account”. This year that check was over 600 dollars.
Been with USAA for over 35 years, no other insurance company ever. Retired army officer. No speeding tickets in the last 25 years, No at fault accidents ever. They even waived the 250 deductible on my BMW when i was rear ended ($6500 dollars, but still able to be driven) in downtown Seattle by a guy that had no insurance. They basically said, “we’re going to sue him for the repair costs on your BMW, we’ll also sue him for your deductible”.
USAA is an amazing company, IMO. I have life, home, auto insurance with them along with checking, credit cards etc with them. Have not shopped around for insurance anywhere since becoming a member in 1983. Maybe i could do better, but I’m loyal to them since they have taken such good care of me over the years.
Yes, i speed. I just do it wisely.
I pay $98/month ($586 every six months) for my wife’s 2020 Kia Niro EV EX; which cost roughly $30,000 less than the Model 3.
And I get a rebate check a couple of weeks before Christmas. They call it their “Subscriber Savings Account”. This year that check was over 600 dollars.
Been with USAA for over 35 years, no other insurance company ever. Retired army officer. No speeding tickets in the last 25 years, No at fault accidents ever. They even waived the 250 deductible on my BMW when i was rear ended ($6500 dollars, but still able to be driven) in downtown Seattle by a guy that had no insurance. They basically said, “we’re going to sue him for the repair costs on your BMW, we’ll also sue him for your deductible”.
USAA is an amazing company, IMO. I have life, home, auto insurance with them along with checking, credit cards etc with them. Have not shopped around for insurance anywhere since becoming a member in 1983. Maybe i could do better, but I’m loyal to them since they have taken such good care of me over the years.
Yes, i speed. I just do it wisely.
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I know a couple other people that swear by USAA as well. I think they have topped the ratings as having the best customer service in the industry many times. They also offer online banking services including access to ANY ATM for zero fees (since they have no brick and mortar infrastructure.) My friend says they are the best bank she's ever had. I'd switch to them, but I've been with my current bank and insurance forever and they work for me. It's worth noting that you have to be a veteran or active service member or the spouse, son or daughter of an veteran to join USAA.I pay $102 a month ($611 every six months) for my 2020 Tesla Model 3 Performance, through USAA. Zero $ deductible comprehensive, 250 deductible for collision. Collision loan coverage and uninsured motorist coverage. Rental reimbursement, free towing up to 75 miles for any reason, Roadside coverage for flat tires, etc etc.
I pay $98/month ($586 every six months) for my wife’s 2020 Kia Niro EV EX; which cost roughly $30,000 less than the Model 3.
And I get a rebate check a couple of weeks before Christmas. They call it their “Subscriber Savings Account”. This year that check was over 600 dollars.
Been with USAA for over 35 years, no other insurance company ever. Retired army officer. No speeding tickets in the last 25 years, No at fault accidents ever. They even waived the 250 deductible on my BMW when i was rear ended ($6500 dollars, but still able to be driven) in downtown Seattle by a guy that had no insurance. They basically said, “we’re going to sue him for the repair costs on your BMW, we’ll also sue him for your deductible”.
USAA is an amazing company, IMO. I have life, home, auto insurance with them along with checking, credit cards etc with them. Have not shopped around for insurance anywhere since becoming a member in 1983. Maybe i could do better, but I’m loyal to them since they have taken such good care of me over the years.
Yes, i speed. I just do it wisely.
JCtx
Member
I got a $6 refund going from a 2016 Kia Optima SXL to the M3 LR. Surprised it wasn't higher, but the Optima was high for what it was to begin with. I pay the same for a 2019 480HP V8 Bullitt, which made no sense vs the 4-dr Kia 2.0T. The M3 seems reasonable, although a 2-dr 'muscle' car costing the same should be more expensive to insure IMO... although since it's a manual, the M3 is actually quicker. Ha ha. Not faster, but quicker to 60 (4.2 vs 4.4 -without abusing it).
For those of you that have Costco membership, definitely ask Connect for a quote. For those of you that are not Costco members, it might be worth it to consider signing up for Costco Executive membership ($120 annual fee) and get Connect auto insurance. Below is my coverage and premium. The premium below has the following discounts: multi-car, multi-policy, full coverage, Costco
2021 M3P
Coverage $250K/$500K/$100K
Deductible $1K
annual miles 5K (currently low due to work from home)
6 month premium $210.87
I have ~24 years of driving experience.
For the same coverage, Telsa insurance quoted me over $9K for 6 months
Your age filter vs. marriage argument doesn't hold up. They are not looking at each in isolation. I am sure they have statistics of all the factors in combination. As a simple example, young unmarried vs. young married vs. middle age unmarried, etc.
