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INSURANCE

Discussion in 'Model S' started by jjnatick, Sep 27, 2017.

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  1. jjnatick

    jjnatick New Member

    Joined:
    Sep 27, 2017
    Messages:
    1
    Location:
    Bonita Springs, Florida 34134
    Received my insurance Quote today on my 2017 Model X and it is Over $5,000. plus
    I did not plan this, does this sound right?
     
  2. brkaus

    brkaus Active Member

    Joined:
    Jul 8, 2014
    Messages:
    2,558
    Shop around. Insurance costs will vary greatly based on your car model, driving history, age, gender, location, and insurance company. Mine is no where near that.
     
  3. stan23

    stan23 Member

    Joined:
    Aug 10, 2017
    Messages:
    347
    Location:
    Santa Clara, CA
    Insurance is going to be based on so many different variables, it is impossible to say if that's a good rate or not.

    I do notice that Tesla's are on the upper end of the price range for insurance..
     
  4. milleron

    milleron Member

    Joined:
    Jun 16, 2017
    Messages:
    36
    Location:
    Columbus Ohio USA
    My Model S insurance just went up 7% over last year, but it's only $1,800/yr for the 2017 MS and a 2003 Accord (that still has collision insurance on it). If the 7% continues, it could get pretty testy fairly soon, but it's sure not starting at $5,000. No matter what company is giving that quote, it's unbelievable.
     
  5. Qbenjamin

    Qbenjamin Ballin On A Budget

    Joined:
    Jan 7, 2017
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    343
    Location:
    Tampa
    Without knowing your full background (tickets, accidents, credit, etc.), it's impossible to know if you're being ripped off or not. Like the other posters mentioned, definitely shop around. I'm about to switch to Progressive after USAA wouldn't match their pricing. I'm going from $250 per month to $169 per month (2014 MS & 2017 Accord).
     
    • Like x 1
  6. kort677

    kort677 Banned

    Joined:
    Sep 17, 2015
    Messages:
    4,853
    Location:
    florida.
    insurance is very personalized so it would impossible to say anymore than that it is a very high quote. some of the variables that can affect what a person has to pay includes and are not limited to your sex, your age, marital status, children, where you live, where the car will be parked, both at home and work, total miles driven, miles commuted, usage of the car for work or other commercial uses, prior claim record, driving records, your credit score. the best advice would be to shop around, for me quotes varied wildly
     
  7. idleuser

    idleuser Member

    Joined:
    Sep 14, 2016
    Messages:
    166
    Location:
    central california
    5000 sounds extreme. But if someone had multiple points plus a dui conviction, then I could see why it would cost 5000. Assuming you don't any of these points on your record, I would say that is almost twice the average of 2500/year for full coverage.
     
  8. JPUConn

    JPUConn Member

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    Aug 11, 2014
    Messages:
    803
    Location:
    CT
    After being a customer to American commerce insurance co for nearly a decade they informed me that they no longer carry policies on tesla vehicles and I need to find a new carrier.

    My agent is shopping around now and I’ll share the company I end up with but I’d suggest contacting an agent local to you to get fair quotes.
     
  9. Bebop

    Bebop Member

    Joined:
    Jun 25, 2017
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    686
    Location:
    Chicago
    Have you tried a Progressive quote? Seems to be a very popular option for Model S owners. I’m on Progressive.

    It seems they are Tesla friendly. Maybe the same might apply for a Model X
     
  10. Keith909man

    Keith909man Member

    Joined:
    Apr 25, 2017
    Messages:
    90
    Location:
    Tacoma wa
    We had Geico for 10 years and Theo prices have always been fair until we got our 2017 MS qoute. They quoted us over 400 a month! That's including our old Land Rover discovery. Shopped around and progressive came through at 140 a month for both cars!

    Here's a nice tip if you're married or on someone's insurance. use who ever credit is the highest as the primary on the insurance. Makes a HUGE difference. They only check credit of the primary person and the other person just piggy backs the insurance.
     
  11. futurem3owner

    futurem3owner 2017 90D

    Joined:
    Jul 20, 2016
    Messages:
    119
    Location:
    Outside Philly
    I have Progressive as well. It's funny when you get quotes online from different insurance companies to compare but then they try to contact you by phone later on to let you know that you can get better quote and then you mention that you have a Tesla. Mysteriously, the part of getting a better deal is no longer applicable.
     
  12. kutkuzak

    kutkuzak Patrick

    Joined:
    Aug 2, 2017
    Messages:
    70
    Location:
    Indiana
    I switched from Safeco to Progressive - switching out a 4 year old Leaf for a 90D while doubling my coverage - and my insurance went *down* $40/month. $1k/yr (for 2 cars - Tesla is supposedly 600 of that)
     
  13. bnsfengineer

    bnsfengineer Member

    Joined:
    Aug 25, 2017
    Messages:
    183
    Location:
    Rancho Cucamonga, Ca.
    Just insured New build 75 for $1080. yr. However 1 ticket no accidents and I'm OLD!! ;)
     
    • Like x 1
  14. pvazquez03

    pvazquez03 2017 Model S75D

    Joined:
    Sep 13, 2017
    Messages:
    42
    Location:
    SF Bay Area
    I had esurance and on their wed site it was about $1200 / yr quoted, BUT when I signed up I had to call them and it went up to $2100/yr for my Tesla S75D 2017. I have a perfect record and 30+ yrs driving, so I called around and found "Costco" insurance Ameriprise quoted me only $1100/yr and better insurance, check them out.
     
  15. pvazquez03

    pvazquez03 2017 Model S75D

    Joined:
    Sep 13, 2017
    Messages:
    42
    Location:
    SF Bay Area
    So I called around and found "Costco" insurance Ameriprise quoted me only $1100/yr and better insurance, check them out.
     
  16. Brightonuk

    Brightonuk Member

    Joined:
    Mar 16, 2014
    Messages:
    390
    Location:
    Plantation
    Man your lucky I just got a quote for $2400 from Liberty Mutual and I do not have any at fault accidents (thats a month)
     
  17. Kuhz

    Kuhz Member

    Joined:
    Oct 25, 2017
    Messages:
    102
    Location:
    Seattle
    Whoa that is waayyy too much (unless you have multiple tickets/accidents). But even then that’s unreal. At that rate I hope it’s at least a P100D.

    I pay $1700/yr for full coverage MS and liability Excursion and Mini (random garage, I know). I don’t know about your state laws in regards to insurance brokers, but it’s the way to go. If anyone is in WA state, let me know and I’ll send you to the same one I have
     
  18. bnsfengineer

    bnsfengineer Member

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    Location:
    Rancho Cucamonga, Ca.
    Do you mean $240. Month?
     
  19. ucmndd

    ucmndd Member

    Joined:
    Mar 10, 2016
    Messages:
    482
    Location:
    California
    Based on my experience with the LM Insure My Tesla program, he could very likely mean $2400/mo
     
    • Funny x 1
  20. mach330

    mach330 Member

    Joined:
    Aug 8, 2017
    Messages:
    51
    Location:
    Orange County, CA
    I have liberty mutual. Paying $2600/yr for model s 75d and 2011 bmw x5.
     

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