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Insurance UK
- Thread starter hagrid_LDN
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They do seem to be the best at the moment so I guess I will end up with DL which isn't a bad thing
I'm in my 2nd year with them and no complaints here.
Had one windscreen replacement in the first year and virtually no increase at all year on year at the renewal.
That quote rather depends where in the UK you are. According to newspapers insurance rates have shot up due to car theft and even if a tesla is harder to steal we still pay towards the other marques. Apparently it's lead to a windfall in tax revenue (oh, goody - more money for vanity projects and feasibility study fees for gov's mates)
After a decade of insuring everything through Esure, they point blank refused to insure my new M3P. Their loss. Moved all insurance over to Admiral, who insured it for a smidge over £1000 with the legal protections added. In London. Which is less than I used to pay for an Alfa Romeo 2.4 JTD.
Curious as to why so many insurers wont insure teslas? Are they confused? Does the computer 'say no' because it doesn't know wether to classify it as... a) a minbeast stealth supercar with a booming system... or b) The 5* Euro NCAP car with sentry cameras, dashcams, driver assists, etc as standard. Or do they not like money?
Curious as to why so many insurers wont insure teslas? Are they confused? Does the computer 'say no' because it doesn't know wether to classify it as... a) a minbeast stealth supercar with a booming system... or b) The 5* Euro NCAP car with sentry cameras, dashcams, driver assists, etc as standard. Or do they not like money?
Jason71
Well-Known Member
After a decade of insuring everything through Esure, they point blank refused to insure my new M3P. Their loss. Moved all insurance over to Admiral, who insured it for a smidge over £1000 with the legal protections added. In London. Which is less than I used to pay for an Alfa Romeo 2.4 JTD.
Curious as to why so many insurers wont insure teslas? Are they confused? Does the computer 'say no' because it doesn't know wether to classify it as... a) a minbeast stealth supercar with a booming system... or b) The 5* Euro NCAP car with sentry cameras, dashcams, driver assists, etc as standard. Or do they not like money?
They probably figure it like this:
Driver profile = BMW 3 series / Audi A4 driver
Performance = Ferrari
Repair cost = not enough data
Steal Ability = not enough data
Other: Read somewhere that autopilot crashes into stationary objects and they spontaneously catch fire everyone dies and they take 3 days to put out,
Premium = £££££
Might be a Northern Ireland thing but I got a much better quote through Hughes Insurance than Direct Line - cheaper and with much lower excess. (Policy is through AXA). Definitely worth a shot if you are NI, might be worth a try if GB.
£380 for an SR+ - I have >10 years no claims, wife (named on policy) had a "blame" accident 4 years ago - for reference DL wanted around £550, and £380 is about what I paid last year for a Lexus GS.
£380 for an SR+ - I have >10 years no claims, wife (named on policy) had a "blame" accident 4 years ago - for reference DL wanted around £550, and £380 is about what I paid last year for a Lexus GS.
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Well this is definitely not going to be the best bit about owning a Telsa...
I'm 43, single but have my mum on my policy(!), got 10 years No Claims, no accidents, no convictions, no claims, car parked in secure underground parking every night:
DL = 900ish
LV = 1500ish!
Yes it's london, but the nice surrey part in zone 6. My current XC40 is about 400 and even my Audi TT didn't go above £500
I'm 43, single but have my mum on my policy(!), got 10 years No Claims, no accidents, no convictions, no claims, car parked in secure underground parking every night:
DL = 900ish
LV = 1500ish!
Yes it's london, but the nice surrey part in zone 6. My current XC40 is about 400 and even my Audi TT didn't go above £500
Pagemakers
Active Member
I’ve currently got an S75. Changing to a 3 LR or P.
Both the 3’s were £400 more expensive than my S - compare the market.
Both the 3’s were £400 more expensive than my S - compare the market.
Well this is definitely not going to be the best bit about owning a Telsa...
I'm 43, single but have my mum on my policy(!), got 10 years No Claims, no accidents, no convictions, no claims, car parked in secure underground parking every night:
DL = 900ish
LV = 1500ish!
Yes it's london, but the nice surrey part in zone 6. My current XC40 is about 400 and even my Audi TT didn't go above £500
I get about the same, but out in the sticks, a bit younger but 10y ncb, parked on drive etc... I do do about 26k miles a year though so assumed it would be that?
Well this is definitely not going to be the best bit about owning a Telsa...
I'm 43, single but have my mum on my policy(!), got 10 years No Claims, no accidents, no convictions, no claims, car parked in secure underground parking every night:
DL = 900ish
LV = 1500ish!
Yes it's london, but the nice surrey part in zone 6. My current XC40 is about 400 and even my Audi TT didn't go above £500
Im in London too (and not the nicest of parts) but mines coming out at £600! I think the biggest variable is when you select the start date. If I select it for today or tomorrow, it comes to above £1000, if I start my start date in 5 days time, it drops to the £600's
Pink Duck
Active Member
For my 2018 S75D this year, per Martin Lewis' MoneySavingExpert website, my cheapest quotes were on the 23rd day before renewal date. However, current insurer of Hastings Direct hiked auto-renew price by 70%! My best comprehensive quote was still 19% up on what I paid last year. I was also taken aback by the third-party, fire & theft quote from Privilege at a stunning £321! I believe the price increases across the board and perhaps for Tesla in particular are due to all the total vehicle cost losses incurred in Europe last year until the PIN-to-Drive feature became available for passive entry silent theft. In the EU it was around a 97% total loss rate, quite different to the near 98% recovery rate in US. A better quality of car thieves/gangs in Europe it seems. Even the telematics providers didn't want to be competitive this time either. I even tried relatively new entrant Mustard.co.uk's guaranteed* to beat online renewal offer, they couldn't. Interestingly, they did mention the time of year, hinting that September time would give the most optimal value (given summer holidays and new registration boost of Q3).
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