Insurance

[rnbetsy]

Model Y. Forced to have another search as we now need European cover.

From £850 with Direct Line (no euro cover), to £650 with Privilege w/euro cover included in Comp Plus.

 

[GRiLLA]

I'm replacing my existing 2019 LR Model 3 with a new 2022 LR Model 3 this week, Churchill are paying me back £6 for the change.

Insurance prices make very little sense.

 

[Forty_Two]

Insurance prices make very little sense.

I did the usual go compare for the wife's (ICE) car and the best quote was from Flow for £220, I then went direct to the Flow web site to get a quote there (cut of the middle man) and that quote came in at £600 . . . . . . . . . . makes NO sense not very little sense

 

[pgkevet]

I had to reinsure my aged ICE - was £95 last year. The Co wrote to me offering this year at £105 BUT add £50 office fees. I rang them up and they started giving me flannel about last year's office fees being £40 (which hadn't been charged via the comparison site last year). A comparison search found an alternative at £90 with no additional fees. Everyone trying to scam ya...

 

[greenbottle123]

How are people getting £100-£300 insurance. Have a clean licence for 12 years ncb and live within the M25 and its always around the £900 mark

 

[Adopado]

How are people getting £100-£300 insurance. Have a clean licence for 12 years ncb and live within the M25 and its always around the £900 mark

You described your problem in the second sentence.

 

[greenbottle123]

You described your problem in the second sentence.

I figured. It sucks

 

[Pink Duck]

I hadn't heard of Flow until now, but quickly found out they don't offer monthly rolling insurance for my 2018 S, but an uncompetitive annual premium.

 

[Undecided_2]

Direct Line. MY one no fault accident 2017. 47 years old. £700 2-years no claims 10k miles per/annum (I lived abroad returned 2020) Comp plus coverage. Helensburgh Scotland.

 

[Roy B]

How are people getting £100-£300 insurance. Have a clean licence for 12 years ncb and live within the M25 and its always around the £900 mark

I'd be overjoyed to find insurance around the £900 mark, but then I live in an inner London borough. EDIT: To be fair, I only have 1 year NCB as I was car-free for a number of years - but experimenting with the comparison sites NCB doesn't actually seem to make a huge difference in my case.

 

[bp1000]

MY insurance is insane. I'm paying £125 until Sep, then I think its going to be about £550, but thats with a multicar discount, standalone its £850!

My MS P90DL which is stupid fast is only £385 - £440 ish depending on the year.

 

[Nick77]

My insurance just came down from £850 in year one to just under £500 in year two. And that's with 3 points and a no fault accident.

Boggles the mind.

 

[Jason71]

I am just about to renew my insurance on my 2019 M3LR and I was pleasantly surprised that my quotes are below £500 for the first time. In fact £437 from Churchill was the best on Money supermarket.
However
Knowing I am switching to an MY in the next few months I thought I had better see who is offering the best price on that see if it affects who I should chose.
changed car for a model Y. Prices Jumped to £760 and Churchill were not even on the first page. so nearly double for what is a very similar car?

I wondered if it was due to me saying I don't own the car yet. Maybe some people don't like to quote for that scenario so I added the reg number of a random MY of the same spec price changed to £1107 !!!!

WTF

I know the MY is worth 40% more than my MY but I was still a bit shocked and why the difference between a speculative quote and an actual vehicle? insurance is due Middle of next month for reference.
What prices are others getting now. Have not tried DL yet. I am 50 with a clean record living in a reasonably low crime area doing 15K miles?

 

[Tony Hoyle]

LV were the same for me.. I was offered a renewal around £300 on my 3LR, but was upgrading to a Y before it was due anyway. I then requoted and they wanted almost £1k for the Y.. 3 times the price for essentially the same car.

The DL quote wasn't worth considering.

I ended up with Admiral at £500.

 

[Jason71]

LV were the same for me.. I was offered a renewal around £300 on my 3LR, but was upgrading to a Y before it was due anyway. I then requoted and they wanted almost £1k for the Y.. 3 times the price for essentially the same car.

The DL quote wasn't worth considering.

I ended up with Admiral at £500.

I am with admiral now but they want 50% more for the M3 now than Churchill. but that is probably just renewal BS. I can probably beat them down then stick with them for the MY. I will give them a call.

 

[btc1k]

I'm replacing my existing 2019 LR Model 3 with a new 2022 LR Model 3 this week, Churchill are paying me back £6 for the change.

Insurance prices make very little sense.

Actuaries who price risk, day in and day out, would probably disagree

 

[Wattsisname]

Hey Guys - where does the tracker issue stand now is it approved for insurance or not?

Monitored Tracker.
I am trying to get quotes for my Q2 model Y. At delivery I simply switched cover from my existing car to the Y.
I am now looking around for new 12 months cover.
It is proving difficult; two companies have refused cover unless a monitored tracker is installed.
Has anyone else come up against this?

Also, I am not sure if the Y is fitted with a Thatcham approved alarm.
Advice/information would be appreciated.
With which companies are you insured?

 

[Wattsisname]

The relationship with DL goes back to 2017, well before the Model 3 arrived in the UK. I'm not 100% with the accuracy of this but I believe a Model S owner lived next door to to a senior guy at DL and approached him to seee if they'd be interested in settting up an arrangement. When it first started there were just a couple of staff there that new about the deal, so you had to make sure you spoke to one of them otherwise you got told to do away! And there was a 5% discount if you had Autopilot.

They were really good when the spate of MS & MX theft's were going on, and before the Owners Group had managed to get Tesla to add PIN to Drive via a software update. DL sent us a faraday pouch with some advice on how to try and mitigate against theft. Obviously in their interests as well but a nice touch.

Doesnt't mean they are all things to all men though. I tend to yo yo between DL and LV but YMMV

LV will not insure my Y unless a monitored tracker is fitted. Did you have this issue?

 

[MrT3]

Also, I am not sure if the Y is fitted with a Thatcham approved alarm.

Yes it is. Uses the same as the M3.

 

[Casss]

LV will not insure my Y unless a monitored tracker is fitted. Did you have this issue?

They all have different demographic / risk preferences. Just shop around until you find a good fit/price. I've tried DL in the past, even citing their specific Tesla deals on the phone and they gave me 'go away' quotes, so I did.

I told GA that the Y has a non-thatcham approved tracker as standard (which is true) and they were happy with that.