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Insurance

Discussion in 'Model 3: Ordering, Production, Delivery' started by robertdesarbo, Jun 22, 2018.

  1. robertdesarbo

    robertdesarbo Member

    Joined:
    May 18, 2018
    Messages:
    65
    Location:
    New York
    Anyone buy insurance yet? I got my VIN and got a quote from statefarm. It was over $2,000 a year! I just realized they quoted me for a Model S P100D which would explain why it was so expensive

    It got me wondering what would be an acceptable quote. How much more/less is everyone paying?

    Thanks
     
  2. ewoodrick

    ewoodrick Active Member

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    Buford, GA
    While the S is indeed obnoxious, when we insured our 3, it was comparable to most other vehicles.
     
    • Like x 1
  3. Padresfreak01

    Padresfreak01 Member

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    Apr 24, 2018
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    34
    Location:
    San Diego
    I got a quote for $30 more per month with the 3 vs a 2007 Honda Civic. It was geico.
     
    • Like x 2
  4. robertdesarbo

    robertdesarbo Member

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    May 18, 2018
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    Location:
    New York
    OK yeah I am looking at $30 per month more with the revised quote ( current car is ~8 years old ).
     
  5. GatorAdam

    GatorAdam Member

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    Jun 7, 2018
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    11
    Location:
    South Florida
    I just quoted mine (using the VIN) and it was $30 more a month than my 10 year old prius. Same coverage (plus GAP insurance).
     
    • Like x 2
  6. TT97

    TT97 Active Member

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    Aug 6, 2017
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    1,234
    Location:
    Los Angeles
    I have State Farm as well. The insurance on the 3 is a few dollars less than I was paying for old MB C300.

    When I started my insurance in May, they still had trouble identifying the 3 (I don't think it is on their main system yet). They kept asking me if the 4th digit on the VIN was an S or an X.
     
    • Informative x 1
  7. robertdesarbo

    robertdesarbo Member

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    May 18, 2018
    Messages:
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    Location:
    New York
    Yeah she said the VIN was pulling the Model S P100D, which I would have been OK paying insurance for if I actually got that for the Model 3 price :).

    I looked up the VIN and sure enough it was listed as Model 3 on NHTSA
     
  8. TT97

    TT97 Active Member

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    The 4th
    Tesla uses the 4th digit in the VIN identifies the model - R, S, X or 3.

    VIN Decoder | TeslaTap
     
  9. GoodOmens

    GoodOmens Member

    Joined:
    May 30, 2018
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    68
    Location:
    Memphis
    I'm still waiting but plugged in a Model 3 vin to see what it would be - about $900/year to add it to my insurance as a second car (as we are going from 1 to 2 cars) - not bad, specially for an expensive area for DC.
     
  10. Dana1

    Dana1 Supporting Member

    Joined:
    May 20, 2018
    Messages:
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    Location:
    Houston
    My model 3 is $260 less annually than a BMW X6 with USAA. If they quoted $2K annually for a $100K car that strikes me as fairly inexpensive.
     
  11. sundaymorning

    sundaymorning Active Member

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    Orange County
    Try Geico. It’s much more reasonable that Farmers but not sure about State Farm rates.
     
  12. tivoboy

    tivoboy Member

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    Jun 12, 2018
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    842
    Location:
    palo alto, ca
    The quote on my Model 3 was oddly only about 30$ more every six months than the 2008 smart fortwo I was insuring on that policy. About 500$ every six months.
     
  13. Quickstart88

    Quickstart88 Member

    Joined:
    Mar 19, 2017
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    167
    Location:
    Orange County
    I don't like Geico. The jack the price up after a year. I been shopping for quote. So far Ameriprise is the best. Does anyone know of a better option.
     
  14. TaoJones

    TaoJones Beyond Driven

    Joined:
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    2,912
    Location:
    The Americas
    Curious.

    So for Roadster 2.0 they’ll use W for (Proper) Weapon?

    And for the pick up truck, K for F350 Killer?

    That leaves the Semi... Hmmm. M for Mad Max Mode? B for BFT(ruck)?

    Meanwhile for the OP, consider quotes also from:

    Wawanesa

    Costco Ameriprise if multiple vehicles

    Progressive if you want gap insurance and CSL (Combined Single Limit) coverage.

    Travelers
     
  15. Quickstart88

    Quickstart88 Member

    Joined:
    Mar 19, 2017
    Messages:
    167
    Location:
    Orange County

    Wawanesa don't even have Model 3 in their on line quote. I'll call tomorrow. Heard they are good.
    Ameriprise is okay. ~ 5K per year. That's because of 3 multiple cars and 3 driver with clean record. One young driver.

    progressive : They want 6k per year. Don't know about Gap insurance.
    State farm : ~6k per yr.
    Liberty Mutual: ~ 6 K per yr
    I am not doing Geico. Great for 1st yr. Warren Buffet will jack the price next yr.
     

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