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Model 3 insurance quotes - starting out reasonable.

Big-T

Member
Sep 14, 2015
529
469
Seattle, WA
I"m with Geico so I plugged in that white VIN# for a replacement quote. Same coverage was an extra $140 per six months compared to my current '08 lancer. I was pretty happy with that considering one car is worth about 5k now and the other listed at 35k.
 
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a.void

Member
Jun 12, 2017
286
272
Ohio
People quoting insurance costs without all the factors makes no sense.
Too many things go into it (bundling with home and other cars, how old are you, how many claims, how many tickets, what state, what is your level of coverage, what's your collision deductable, etc, etc).
 

Garlan Garner

Banned
Mar 31, 2016
11,351
6,062
Chicagoland
People quoting insurance costs without all the factors makes no sense.
Too many things go into it (bundling with home and other cars, how old are you, how many claims, how many tickets, what state, what is your level of coverage, what's your collision deductable, etc, etc).
I disagree.

People have been wanting ballpark insurance rates for the Model 3. The simple fact that you can get insurance down to $100 per month at least lets folks know its doable ( no matter what kind of deductible... and coverage parameters ).

BTW.....everyone can go to Gieco.com and try it for themselves now. Quotes are free.

Before this thread....did you know there were actual real live Model 3 quotes out there? ( you don't have to answer that, I know the answer lol ) So, it has served its purpose.
 

tracksyde

Member
Nov 7, 2013
517
1,260
So Cal
I filled out the quote form as a single male, no other drivers, no traffic incidents, driving 10k miles a year in Southern California and the cost came out to ~$1,100 per year.

I then filled out the quote form to get a real cost (which included 4 cars, 3 drivers) and the incremental cost of adding the Model 3 (as a commuter car, 10k miles a year) was $700 per year

Definitely not as bad as I thought it would/could be.
 

insaneoctane

Active Member
Apr 6, 2016
3,482
6,152
Southern California
People quoting insurance costs without all the factors makes no sense.
Too many things go into it (bundling with home and other cars, how old are you, how many claims, how many tickets, what state, what is your level of coverage, what's your collision deductable, etc, etc).
Relative to another equally covered car seems like a decent comparison to me. The biggest potential factor is if a policy goes from single automobile to multi vehicle, that would skew things. Hopefully the comparisons offered so far are for replacing the previous vehicle, not just adding....
 

a.void

Member
Jun 12, 2017
286
272
Ohio
I disagree.

People have been wanting ballpark insurance rates for the Model 3. The simple fact that you can get insurance down to $100 per month at least lets folks know its doable ( no matter what kind of deductible... and coverage parameters ).

BTW.....everyone can go to Gieco.com and try it for themselves now. Quotes are free.

Before this thread....did you know there were actual real live Model 3 quotes out there? ( you don't have to answer that, I know the answer lol ) So, it has served its purpose.

YMMV with Insurance rates.

I'll tell you that I haven't seen car insurance rates with comprehensive coverage for any car I've owned in the last 15-20 years over $500/ YEAR. (this includes Acuras, BMWs, Convertible sports cars, etc) (excluding my teen driver's car)

If I see anything near $100/ Month I will lose my mind. This is a mid-$40K car with reasonable options. No way it should be that high in "my world."
 
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206er

Member
Feb 21, 2017
591
548
Seattle, WA USA
the gecko, our current ins company, wants $175/mo for a Model 3. we currently pay $134 for our ILX. wife totaled our last car, a Civic, several years ago after getting hit by a bus (was deemed her fault).

anyone know how long an at fault accident like that will stick with us?
 

Garlan Garner

Banned
Mar 31, 2016
11,351
6,062
Chicagoland
YMMV with Insurance rates.

I'll tell you that I haven't seen car insurance rates with comprehensive coverage for any car I've owned in the last 15-20 years over $500/ YEAR. (this includes Acuras, BMWs, Convertible sports cars, etc) (excluding my teen driver's car)

If I see anything near $100/ Month I will lose my mind. This is a mid-$40K car with reasonable options. No way it should be that high in "my world."
What kind of car are you driving? Yugo?

lol
 
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Trips

"Boring bonehead questions are not cool. Next?"
Sep 22, 2015
1,214
1,402
Omaha, NE
Geico is doing something right. I did a single car with the same selects.
2011 Lexus IS250 AWD - $335.04 / 6 months
2017 Tesla Model 3 - $409.25 / 6 months

Only issue is that my homeowners insurance will go up a couple hundred as I cant get a home and auto discount. Only other option would be to add a different car to my homeowners policy.
 

Garlan Garner

Banned
Mar 31, 2016
11,351
6,062
Chicagoland
Geico is doing something right. I did a single car with the same selects.
2011 Lexus IS250 AWD - $335.04 / 6 months
2017 Tesla Model 3 - $409.25 / 6 months

Only issue is that my homeowners insurance will go up a couple hundred as I cant get a home and auto discount. Only other option would be to add a different car to my homeowners policy.
There ya go. That looks good.
 

Arctic1888

Member
Jun 4, 2017
12
6
Scotland
Do you guys in the USA have insurance groups for cars? If so, do you now know what group the Model 3 is and is it similar to say a BMW 3 series or Audi A4 for example?
 

TaoJones

Beyond Driven
Nov 10, 2014
3,064
2,857
The Americas
28% cheaper to insure a Model 3 than my current 2017 S90D. At least with Geico versus Progressive.

My recollection of the Geico quote so to compare apples to apples would mean a 50% difference. Which makes more sense.
 

Sonny Daze

Member
Oct 21, 2016
954
1,047
DC
Geico is doing something right. I did a single car with the same selects.
2011 Lexus IS250 AWD - $335.04 / 6 months
2017 Tesla Model 3 - $409.25 / 6 months
I own a very similar car and my Model 3 quote from USAA is 21% LOWER than what I am currently paying for the same coverage. :D
 
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SageBrush

REJECT Fascism
May 7, 2015
12,252
15,180
New Mexico
People quoting insurance costs without all the factors makes no sense.
Too many things go into it (bundling with home and other cars, how old are you, how many claims, how many tickets, what state, what is your level of coverage, what's your collision deductable, etc, etc).
That is why you want to pay attention to the difference in insurance cost between their two cars; the other variables remain the same if they keep the same policy limits and choices.
 
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trm2

Active Member
Apr 3, 2016
1,050
1,640
CLE
Do you guys in the USA have insurance groups for cars? If so, do you now know what group the Model 3 is and is it similar to say a BMW 3 series or Audi A4 for example?

Yes, most companies here use symbol sets for rating. Initially, the 3 will be rated as whatever the company thinks is comparable. Once companies have actual data on losses they will adjust prices as necessary. What you pay year one may be vastly different from a renewal quote.

I don't yet know how my company is rating the car.
 

eloder

Active Member
Mar 12, 2015
1,213
1,349
Ohio, USA
People quoting insurance costs without all the factors makes no sense.
Too many things go into it (bundling with home and other cars, how old are you, how many claims, how many tickets, what state, what is your level of coverage, what's your collision deductable, etc, etc).
Nkyidjl.jpg



Nothing bundled, no additional features added on past what you see on the screen.

Original car is a ~28k Leaf.

It's definitely not bad.
 
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Holmank

Member
Feb 21, 2017
5
4
MD
Trying to wrap my head around what some of you are paying.... WOW. I have a clean record, 46 years old with a 2012 Infiniti M37x.. Wife, clean record, 45 years old, 2011 Toyota Highlander and a daughter, 16 years old, 2013 Ford C-Max Energi and I pay $750/6 mo for everything. I have GEICO and got a quote on the Model 3, $7 more per month (taking away the Inifiniti)... I'll take it.
 
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