M3 Auto Insurance - what are you paying?

[AndrewH]

Hey, All,

I've been shopping around for insurance (Model 3) and there's been some crazy quotes. But there's this one (State Farm) - it's middle range. Can you give me your opinion?

Bodily Injury: 100K / 300K total
Property Damage: 100K
Comprehensive: 1K deductible
Collision: 1 k deductible
Age: Wife and I in late 40s. Live in NY

Quote: $248 / month $2,968 annually

Seems a little high but I've had much worse presented to me.

What are you paying?

 

[XLR82XS]

State Farm: $122/month. $500 deduct collision, 100/300 body, $100 comp.
Age 41 - Collier County FL

 

[pk44FG]

State Farm: $122/month. $500 deduct collision, 100/300 body, $100 comp.
Age 41 - Collier County FL

pretty much the same - metlife - North Carolina

 

[gcmak]

2019 P3D
Farmers w/Family Discounts: ~$133/mo or ~$1,600 annual
Age 31 - San Jose, CA

Bodily Injury
$100000/$300000
Property Damage
$50000
Uninsured Motorist Bodily Injury
$100000/$300000
Uninsured Motorist Property Damage C-2 With Collision
Yes
Medical Coverage
$5000
Comprehensive
$500
Collision
$1000
Permissive User Limit of Liability - Full
Yes
Glass Deductible Buyback
Yes
Additional Equipment
$1000

 

[derekmw]

2019 P3D
Insurance: Geico
Age: 41
Location: San Diego, CA

Bodily Injury Liability
$300,000 /$500,000

Uninsured Motorist & Underinsured Motorist
$300,000 /$500,000

Property Damage Liability
$100,000

Medical
$5,000 per person

Comprehensive
Deductible: $250


Collision
$500 Ded./Waiver

Rental Reimbursement
$50/Day, $1,500Max

My insurance is $117.15 monthly

 

[tvad]

Bodily Injury: 100K / 300K total
Property Damage: 100K
Comprehensive: 1K deductible
Collision: 1 k deductible
Age: Wife and I in late 40s. Live in NY

Quote: $248 / month $2,968 annually

Bodily Injury: 250K / 500K total
Property Damage: 100K
Comprehensive: 1K deductible
Collision: 1 k deductible
Age: Wife and I in late 50s, Los Angeles

$1,968 annually Mercury Insurance

 

[flynnstone]

Hey, All,

I've been shopping around for insurance (Model 3) and there's been some crazy quotes. But there's this one (State Farm) - it's middle range. Can you give me your opinion?

Bodily Injury: 100K / 300K total
Property Damage: 100K
Comprehensive: 1K deductible
Collision: 1 k deductible
Age: Wife and I in late 40s. Live in NY

Quote: $248 / month $2,968 annually

Seems a little high but I've had much worse presented to me.

What are you paying?

I have 250/500k coverage with a 500 deductible and pay $85/month through progressive on a 18’ LR RWD M3. 37 male.

 

[AndrewH]

Thanks all. Wow - mine so high? Anyone out there insured in NY? Brooklyn?

Oh - my quote was for a Long Range AWD M3

 

[tvad]

Doesn’t surprise me your rate in Brooklyn is high. Same for L.A., and I’d imagine for San Francisco, Chicago, Atlanta, etc.

 

[Nocturnal]

Coverage about what OP has. Paying 110 a month with Geico.

 

[acarney]

I've been quoted for a SR+ from Progressive (who I've been with for about 3 years, previously insured for 10+ years by State Farm).

Liability: $100k/$300k/$100k
Underinsured Motorist BI: $100k/$300k
Underinsured Motorist PD: $50k ($100 deductible/$300 deductible hit & run)
Comprehensive: $500 deductible ($0 deductible glass)
Collision: $250 deductible
Rental: $60/day ($1800 max)
Loan/Lease Payoff: Yes

Washington State, male, 33 years old, only one on policy.

$84.19/month or $455/6 months

Now I'm worried this is "too good" of a deal... should any of those be bumped up a bit? I'm fine with a $500 deductible but with the amount of glass on the car thought $0 deductible would be worth while on that. The rental is the max progressive offers and I figure the underinsured motorist property damage of $50k is probably the max I need because above that the vehicle would obviously just be a write off, right?

 

[Az_Rael]

I figure the underinsured motorist property damage of $50k is probably the max I need because above that the vehicle would obviously just be a write off, right?

I think if the vehicle is a write off in an underinsured situation, the max the policy will pay is the $50K for property damage. So as long as your car is worth less than $50k you are good.

 

[acarney]

I think if the vehicle is a write off in an underinsured situation, the max the policy will pay is the $50K for property damage. So as long as your car is worth less than $50k you are good.

Paying $42,190 for the car with doc/destination included (before tax).

 

[Big Earl]

2018 3D
USAA
Married, mid-30s

Bodily Injury
$1M / $1M
Property Damage
$300,000
Uninsured Motorist Bodily Injury
$1M / $1M
Uninsured Motorist Property Damage
$100,000
Medical Coverage
$100,000
Deductible
$1,000
Car Replacement Assistance
120% of actual cash value
Accident Forgiveness
Declined
Transportation Expenses
Declined
Towing & Labor
Declined
Mileage
30,000 per year (need to adjust that up a bit)

$425.08 per six months

For the sake of comparison, there are three other vehicles on this policy. This is just the Tesla's component, which includes various discounts. The whole policy is just under $1,300 per six months.

And for what it's worth the Tesla's component is $45 less than our 2014 Cadillac ELR.

 

[acarney]

2018 3D
USAA
Married, mid-30s

Bodily Injury
$1M / $1M
Property Damage
$300,000
Uninsured Motorist Bodily Injury
$1M / $1M
Uninsured Motorist Property Damage
$100,000
Medical Coverage
$100,000
Deductible
$1,000
Car Replacement Assistance
120% of actual cash value
Accident Forgiveness
Declined
Transportation Expenses
Declined
Towing & Labor
Declined
Mileage
30,000 per year (need to adjust that up a bit)

$425.08 per six months

For the sake of comparison, there are three other vehicles on this policy. This is just the Tesla's component, which includes various discounts. The whole policy is just under $1,300 per six months.

And for what it's worth the Tesla's component is $45 less than our 2014 Cadillac ELR.

I was going to say, I think the Tesla is going to be a little less then my 2017 Volt when same coverage is applied... Progressive has been really competitive right now, hopefully it stays that way!

 

[TheWalkingDad]

Amica: $740 annually. Includes up to 5k rental coverage 50k/100k deductible around $1000, no full glass coverage.

 

[CharleyBC]

Just under $100/month ($570/6 months) with USAA.

Bodily: 500,000/1,000,000
Property: 100,000
Uninsured: 500,000/1,000,000
Med: 10,000
Deductibles: 500

 

[WilliamG]

I've been quoted for a SR+ from Progressive (who I've been with for about 3 years, previously insured for 10+ years by State Farm).

Liability: $100k/$300k/$100k
Underinsured Motorist BI: $100k/$300k
Underinsured Motorist PD: $50k ($100 deductible/$300 deductible hit & run)
Comprehensive: $500 deductible ($0 deductible glass)
Collision: $250 deductible
Rental: $60/day ($1800 max)
Loan/Lease Payoff: Yes

Washington State, male, 33 years old, only one on policy.

$84.19/month or $455/6 months

Now I'm worried this is "too good" of a deal... should any of those be bumped up a bit? I'm fine with a $500 deductible but with the amount of glass on the car thought $0 deductible would be worth while on that. The rental is the max progressive offers and I figure the underinsured motorist property damage of $50k is probably the max I need because above that the vehicle would obviously just be a write off, right?

I’m with Progressive, but don’t see any glass deductible in my policy. My pricing is utterly insane for my 2019 3P+, so I’m not complaining.

This is for two adults, both 38, in Seattle. State Farm was over double, so I finally left them after 17 years of service from them.

I’m paying $466 every 6 months ($77.66 per month).

 

[Avid]

BODILY INJURY LIABILITY
$100,000 EACH PERSON
$300,000 EACH ACCIDENT

PROPERTY DAMAGE LIABILITY
$100,000 EACH ACCIDENT

PERSONAL INJURY PROTECTION
$5,000 AGGREGATE LIMIT
MEDICAL AND FUNERAL EXPENSES
HOUSEHOLD SERVICES (NONINCOME PRODUCER)
LOSS OF INCOME (INCOME PRODUCER)

MEDICAL PAYMENTS
$2,500 EACH PERSON

UNINSURED/UNDERINSURED MOTORISTS
BODILY INJURY
$100,000 EACH PERSON
$300,000 EACH ACCIDENT

PROPERTY DAMAGE -
$250 DEDUCTIBLE
$100,000 EACH ACCIDENT

DAMAGE TO YOUR AUTO
COLLISION
DEDUCTIBLES -$250
OTHER THAN COLLISION
DEDUCTIBLES -$250

semi-annual-$421
annual-$842

Two adults over 55, with Ameriprise/Costco

 

[Leeclanual]

500 collision
100 comprehensive
300/500K+ all other UM, Medical etc
$860/Yr Northern Virginia