Insurance

[robertdesarbo]

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

 

[ewoodrick]

While the S is indeed obnoxious, when we insured our 3, it was comparable to most other vehicles.

 

[Padresfreak01]

I got a quote for $30 more per month with the 3 vs a 2007 Honda Civic. It was geico.

 

[robertdesarbo]

I got a quote for $30 more per month with the 3 vs a 2007 Honda Civic. It was geico.

OK yeah I am looking at $30 per month more with the revised quote ( current car is ~8 years old ).

 

[GatorAdam]

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).

 

[TT97]

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.

 

[robertdesarbo]

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.

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

 

[TT97]

The 4th

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

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

VIN Decoder | TeslaTap

 

[GoodOmens]

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.

 

[Dana1]

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.

 

[sundaymorning]

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

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

 

[tivoboy]

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.

 

[Quickstart88]

I got a quote for $30 more per month with the 3 vs a 2007 Honda Civic. It was geico.

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.

 

[TaoJones]

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

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

 

[Quickstart88]

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

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.