forkee
Member
tried it yesterday before it went offline and it wouldn't let me select more than one car at a time. they should have a checkbox by each car to select all and put on same policy
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Only Teslas...
Can I insure other Tesla products with Tesla Insurance?
Tesla Insurance is a personal auto insurance product. Upon request, Tesla Insurance Services will place your non-Tesla auto policies with a relevant provider.
The Tesla insurance is backed by State National:Does anyone know who is underwriting Tesla's insurance? One should have some basic information on the financial strength of an insurance company before signing up with them.
I agree. ValuePenguin has an article looking into possible ways the Tesla insurance could be cheaper, but I don't really buy it. Particularly the claim that they plan to repair the cars in-house to lower repairs costs seems far-fetched, given how overloaded the service centers already are. The Autopilot discounts are interesting, but if Autopilot actually reduces claims, that would also show up in the statistics that other insurance companies have.I'm still struggling to understand why folks thought that TSLA insurance would be cheaper than what is sold in their local state -- where insurance is heavily regulated, particularly in CA? What does Elon know that Warren Buffett and Flo do not? Sure, Elon knows the safety of his cars, but so do the others. They also know the long lag time to obtain parts -- requiring a long time for rental reimbursements, as well as teh high cost of parts since there is only one supplier.
Knock on wood - but I have Progressive also & they are far away the cheapest insurance for Tesla.I did as close as I could get and Progressive was still $200 hundred bucks less (annually) while also including our other vehicle...so, doesn't appear cheaper for me. More options are always welcome though.
Keep us posted. You are in a very similar situation that I am.Posted this in the other Tesla Insurance threads:
Got my quote yesterday and it was higher than my current insurer (Geico) with same coverage
Model 3 LR with Enhanced Autopilot
• Currently insured with Geico and pay $132.00 per month ($762.00 6/month)
• 15 years of driving experience
• $50k/$100k Liability, Property and Uninsured
• $1000 Collision Deductible
• $250 Comprehensive Deductible
Tesla Insurance quote: $240.00 per month for same coverage
Hoping Tesla's new algorithm will be cheaper or similar to what I'm paying right now and I would make the switch.
Will report back once the system is back up and running.
The Tesla insurance is backed by State National:
Tesla Begins Rolling Out Its Auto Insurance in California
It's assumed that State National will pass most of the risk to (unnamed) reinsurance companies though.