We have Geico for our car insurance. Currently we pay $756 (6 months) for our 23MXLR and $715 for our 18 Model 3 LR RWD. It just boggles my mind how little difference there is between them. What are you paying?
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Model 3 and Model X insurance
- Thread starter KL670
- Start date
Bigriver
Member
Just paid our State Farm 6 month bill. Our 2017 model X was $601 and our 2018 model 3 was $462. Our model X is driven a lot more than the model 3, which probably accounts for around $60 of the difference.
Dang, that's crazy numbers to me for your new X. Can you provide some background information about yourself and the coverage limits?
Thanks!
Top of my head: 300k/300k and 100k. Bay Area. 45 yo male with 3 cars on the policy. No accidents.
Progressive: 6 Mo premium for 2019 Model 3, $405. 2022 Model X $569. 70 yo, male, married. Claim free. No higher risk drivers in the house.
NJturtlePower
Living the Dream, Driving the Future!
Very similar here on Geico with top 500k coverage limits… just sold my 3, but was surprised how little difference there was in coverage considering MSRP differences.
I’m here in NJ which is a pretty expensive insurance state, married, high 30’s / low 40’s drivers (wife and I), clean records, defensive driver certs for both of us, 10k miles a year usage on all.
One thing I noticed is that the collision deductible makes a big difference on Tesla quotes, and considering how expensive they are to repair it only makes sense to have that deductible a little higher anyways IMO. Even just a bumper and paint is going to cost $1k+ easy.
Vehicle #1 - 2021 Telluride SX Prestige
Vehicle #2 - 2019 Model 3 Performance
Vehicle #3 - 2023 Model X LR
israndy
Supercharger Hunter
I have an '18 TM3 and a '16 MX and the 3 is MUCH more expensive, I think the issue is that it's a sports car (even though the X has Ludicrous Mode and the 3 is RWD with 5+ second 0-60) while the X is considered a family van with people putting child seats in
Jayskywalker21
Member
Dude as a 28 year old with a clean record but 1 accident my insurance is DOUBLE your 6 month premium with 1 car lmfao and Im in new york
NJturtlePower
Living the Dream, Driving the Future!
Time to shop around buddy....I would start riding a bike at that price.
There's no loyalty in the insurance game... I was paying about double this with NJM with lower coverage limits and higher deductibles until I shopped and realized how bad I was getting screwed.
There's no "best" insurance for everyone but with so many options out there and very easy quotes online it's worth it every few years, especially if you're seeing significant increases each renewal.
Jayskywalker21
Member
I shopped quite a bit maybe I need to reach out to the non popular insurance companies. I really can't find much better currently. I'm using Amica. Gieco is crazy expensive right now for me, Progressive wont even touch my Tesla they said, Statefarm/allstate/travelers hefty penniesTime to shop around buddy....I would start riding a bike at that price.
I was paying about double this with NJM with lower coverage limits and higher deductibles until I shopped and realized how bad I was getting screwed.
There's no "best" insurance for everyone but with so many options out there and very easy quotes online it's worth it every few years, especially if you're seeing significant increases each renewal.
It can always be a lot worse. I think on one of the Facebook groups a guy posted about his insurance increase to I think $700 per month, it was $400 something before. That was from Tesla insurance and he said no other company would insure him due to his record. That's basically a second car payment for him to insure his car.
Jayskywalker21
Member
Ironically enough they just sent me my renewal papers last night and it dropped 800 bucks I would say for my record and what I'm seeing I'm pretty happy now lol
