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seriously? when tesla is issuing the insurance then tesla can set the rates. there is a reason tesla has PARTNERED with an insurance company rather than become an insurance company because the underwriting of policies is not a simple or one size fits all game.Tesla should require Liberty Mutual
Insurance is an individual thing. I just quoted a 2017 Model S and a 2017 Model X for my wife and I (no, I don't have either yet, just demonstrating) with progressive and the policy with "full coverage", high limits and only $500 deductibles is $323 per six months. Total. Both vehicles. Same coverage at GEICO is $1,311. And then Liberty Mutual wants $354 PER MONTH. All 3 are fine insurance companies, it’s just that prices vary widely.
I know, but that is more than I pay for the two cars I do currently insure with them even though I only have $100 deductibles on my current policy.$323 per six months seems like too good o be true
True, however, car insurance is closer to a one size fits one game and is controlled by state. Some states are bigger PITAs than others. Do what you do best, Tesla needs to focus on building vehicles.seriously? when tesla is issuing the insurance then tesla can set the rates. there is a reason tesla has PARTNERED with an insurance company rather than become an insurance company because the underwriting of policies is not a simple or one size fits all game.
I find it amazing how little people seem to know about how insurance works.
while almost every state regulates insurance the states do not regulate the underwriting and the premiums charged. Like I've noted many times, there is no one size fits all for auto insurance, every policy written is unique to the car/driver it is written for.True, however, car insurance is closer to a one size fits one game and is controlled by state.
I agree that EVERYONE has a different price (hence my one size fits one comment).while almost every state regulates insurance the states do not regulate the underwriting and the premiums charged. Like I've noted many times, there is no one size fits all for auto insurance, every policy written is unique to the car/driver it is written for.
Per monthI was quoted $434 by Liberty Mutual, and $119 for equivalent coverage at Geico for my Model 3. Not kidding.
Per month
Progressive was also the only one that would give me a reasonable quote after shopping around 5 carriers.What a scam! Just gave them a ring. They quoted me $424 a month with an immaculate record for the exact same coverage. I recently got my insurance rates raised by state farm and was shopping around. I pay about $180 a month for my model s (up from $120) . Progressive was the only other company that gave me a decent quote.