Candleflame
Active Member
probably 2500-5000 i would think. Being below 25 probably the biggest factor. I gave up with the uk insurances a long time ago and insure my car abroad. They want everyone below 40 to drive around in 1L vauxhall corsas.
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Insuring a Tesla in UK
- Thread starter ajackuk
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probably 2500-5000 i would think. Being below 25 probably the biggest factor. I gave up with the uk insurances a long time ago and insure my car abroad. They want everyone below 40 to drive around in 1L vauxhall corsas.
Candleflame
Active Member
There is no catch but if you dont have family living abroad you don't really have a chance. Unless you have been a regarded customer for many years an insurer will never insure a foreign license plate. I think in the past there have been british vehicles insured by spanish insurance companies but there are now significant burocratic hurdles....
Anyways, you'd have to make sure the vehicle is kept in the name of the person who resides in that country -> Although this is seldom (if ever) checked, you are obliged to register the vehicle in the country where you reside or stay for more than 6 months. Unlike in the UK it is not uncommon to drive someone elses car or be added onto an insurance for very little extra money if you are a regular driver. You usually insure the car more so than the person. You can then inform the insurance that you will be driving the car regularly at which point the insurance may increase the price slightly or the insurance may ask you to be formally added.
You specifically also have the issue that you'd probably want to get a degree of comprehensive insurance for a new car. If you get comprehensive insurance on the car which is now spending significant time abroad this could invalidate the comprehensive insurance as you are not keeping the vehicle at a postcode/garage etc as agreed (unlike third party insurance where it usually doesnt matter where the car is kept)
Anyways, you'd have to make sure the vehicle is kept in the name of the person who resides in that country -> Although this is seldom (if ever) checked, you are obliged to register the vehicle in the country where you reside or stay for more than 6 months. Unlike in the UK it is not uncommon to drive someone elses car or be added onto an insurance for very little extra money if you are a regular driver. You usually insure the car more so than the person. You can then inform the insurance that you will be driving the car regularly at which point the insurance may increase the price slightly or the insurance may ask you to be formally added.
You specifically also have the issue that you'd probably want to get a degree of comprehensive insurance for a new car. If you get comprehensive insurance on the car which is now spending significant time abroad this could invalidate the comprehensive insurance as you are not keeping the vehicle at a postcode/garage etc as agreed (unlike third party insurance where it usually doesnt matter where the car is kept)
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Got mine through LV. Just got my car on 30/12. funnily enough the previous cars was up for renewal 1/1/17... Price for BMW 523 was £458 and for Tesla S60 was £568. (Age 49, no claims, convictions, M33/WA3 postcodes).
Got some crazy quotes up to £2500 (including Direct line??- which I know have quoted some good numbers.
Entertaining talking through with some of the underwriters ... "so what engine size is it? 0cc ... what transmission - manual or auto ... not sure it only has 1 gear!". They got their in the end.
Interestingly my original delivery date was 4/1 and the quote for that was £850 from LV... just by coming into 2016 rather 2017 brought the prices down. Go figure?
Got some crazy quotes up to £2500 (including Direct line??- which I know have quoted some good numbers.
Entertaining talking through with some of the underwriters ... "so what engine size is it? 0cc ... what transmission - manual or auto ... not sure it only has 1 gear!". They got their in the end.
Interestingly my original delivery date was 4/1 and the quote for that was £850 from LV... just by coming into 2016 rather 2017 brought the prices down. Go figure?
busaman
Member
£468 fully comp protected.ABC Insurance £500 excess full no claims £1.5m leagal expenses hire care etc 58yrs old full no claims..incidentlty i have a traders policy for normal stuff but they wont cover over 60k and would not uprate the policy ive been with them for over 20yrs and would not cover a tesla...
Dan43
Member
That quote is more than reasonable Dan.. Just curious however to get a quote and attempted to get an online quote from them although models listed under Tesla are model S, Roadster and Sport.. What's the sport??
In a way, delay in car helping the pioneers resolve the insurance issues we are facing.
over on SpeakEV, we were maintaining a Google spreadsheet of insurance quotes. I don't think it's been updated for a couple of months, though:
TESLA Insurance Quotes UK
TESLA Insurance Quotes UK
Dan43
Member
I am going to ask today about Tesla being the repair specialist and is the battery covered for damage/replacement which could be a £20K cost.
Can't think of any Tesla/EV related questions to ask?
Admiral will want you to use their "approved" repairer, as they did with me and my brand new Lexus when I had a bump. The approved repairer would never have worked on one (brand new model to the UK) and I flatly refused for anyone other than my Lexus dealer to do the work. I eventually won but you will have to roll your sleeves up. This is contrast to the new Tesla link with Direct Line, where the "approved repairer" for Tesla cars is Tesla, so no arguments or battles about extortionate parts/labour costs.
As far as the battery is concerned, that's not a worry, it is fully covered just like any other part. The concerns aired about battery coverage comes from, I believe, EV's where the battery is under a separate lease or rented from the manufacturer. Obviously not an issue on a Tesla.
One final point to bear in mind re Admiral (and most others) is that the policy is a "market value" policy. If you have a major prang and the car is a total loss you will get the market value, not the replacement value. The car loses X% the minute you take delivery so beware of the effective loss of some/all your deposit, and potentially more outstanding on finance than the car is worth. Some Insurers offer a "new for old" replacement in the first 12 months, (e.g. Aviva) but only if the new car of the same spec is available in the UK within 21 days. That doesn't work well with a Tesla as we all know!
Direct Line understand this and will offer the cash equivalent of a new same spec car, and you go and do what you like with it. Given the price rises we will all have seen from order date to delivery (not to mention the Jan rise on its' way), this was important to me. You can of course also buy gap insurance which I am probably going to do to cover me from month 13, which reduces the cost of that cover.
For full disclosure purposes I have no connection or affiliation of any kind with Direct Line.
I would ask for a copy of the policy terms and conditions, before purchase, and read them very carefully with a firm understanding of how Tesla cars don't fit into the mainstream UK insurance market.
JayBee7
Member
Does anybody have any tips ref insuring a Roadster in the UK?
I was thinking of maybe a specialist classic car insurance for low mileage use as mine is a weekender car not a daily driver
I was thinking of maybe a specialist classic car insurance for low mileage use as mine is a weekender car not a daily driver
Dan43
Member
DJP31 thank you for this, really helps. I'm going to get a quote from Direct Line also to compare, as mentioned if there is a Tesla link to DL then why not try them.
Also good advise on the gap in my car value to new/replacement that is a question I will ask also.
Dan43
Member
Online quote from Direct Line is £309.10, this was done online, the registration entered came through with the car details, plonked in usual details and up came £309.10. Fully Comp. Seems ok to me perhaps Tesla is getting more mainstream with insurers.
paso904
Member
This looks like a pretty good quote, considering it was done online. Very recently, another forum suggested that a better quote could be secured by ringing a special Direct Line number: 0800 051 0036.
Dan43
Member
Thanks for the link didn't notice that before, will call and see what they offer, if it can beat £309 then that really is pretty good going. Will post the quote for reference once I have it, you know the irony that it will be more expensive on the phone
PV4EV
Member
Late reply to your question - I insured my Roadster with Admiral on a multicar policy for many years. The last annual premium for it was £390 full comp, garaged, rural etc. That was for a stated yearly average mileage of 12k. Apparently, if you exceed this you just buy additional chunks of insurance cover, but nothing excessive. There were slight premium reductions available for agreeing to lower annual mileage, or agreeing to a bigger excess. I never had to make a claim, but I suspect there would have been some initial arguments about getting Tesla UK’s approved repairer to do any work. When I took our other car into a local bodyshop for paint chips I asked about their views on EV work and they simply said they wouldn’t touch them as no one was ‘trained’ to touch HV cables or knew anything about electrickery in general…
Nicola_Won
We're on the cusp of an energy revolution.
We're with Admiral on our old car but recently we both (wife and I) lost our separate no claims bonus, gained 3 points each speeding/red light in last 12 months and I got a speeding ban of 28days! 20 years of point free/NCB and then all that in the space of 18months! Reading this back makes it sound like we're reckless yob drivers!
Suffice to say, our old car premium went from £550 to £1050 (old Cayenne Turbo).
For Tesla, Admiral quoted £2800!!! Went to Churchill, £1,370. Based on Mileage max 8k and vehicle price max £75k.
Not bad for a high performance luxury car in London with yob drivers!
Suffice to say, our old car premium went from £550 to £1050 (old Cayenne Turbo).
For Tesla, Admiral quoted £2800!!! Went to Churchill, £1,370. Based on Mileage max 8k and vehicle price max £75k.
Not bad for a high performance luxury car in London with yob drivers!
Candleflame
Active Member
Nicola_Won
We're on the cusp of an energy revolution.
No that's not the case. I have a van I use for business. A driver who was named on the policy for work managed to write it off by slamming it under a low bridge. So I lost my no claims bonus. Sucks to be the policy holder. My old Spitfire MK II didn't classify for built up no-claims either. Being the named driver on my wifes policy also didn't rack up any no claims. Lessons learnt these last 18 months - Get NCB protection.
My wife on the other hand turned left on a roundabout from the middle lane (3 lanes seemed like left two lanes go left with left most reserved for bus/taxi) - black cab saw the opportunity and ran into our side, had a hissy fit at my wife on the side of the road with our kid in the back and then claimed whip lash in his claim... A-hole.
My wife on the other hand turned left on a roundabout from the middle lane (3 lanes seemed like left two lanes go left with left most reserved for bus/taxi) - black cab saw the opportunity and ran into our side, had a hissy fit at my wife on the side of the road with our kid in the back and then claimed whip lash in his claim... A-hole.
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