NO way unless you have a million dollar deductible with the least amount of coverage necessary.
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Model 3 insurance quotes - starting out reasonable.
- Thread starter Garlan Garner
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- Model 3
JSkrehot
Member
Hoping Liberty Mutual has good rates. Wife and I are currently paying $170.53/month for our home owners insurance, 2014 GMC Acadia, 2004 Mitsubishi Galant (will be gone when my Model 3 arrives), 2002 Chevy Duramax, and our 2006 Travel Trailer. I already have to use All State for the two Sea-Doo's because they were way too high for those. I did do a Geico quote yesterday and it was $131.33/month for 6 months or a one time payment of $502.68.
umm.. $500 deductable... so yeah way...... oh. I was wrong.. $736.04
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I have clean record, 33 years old with 2013 M37 in Los Angeles with $1000 deductible multi-car/policy discount and this car is costing me $500/6 months just by itself.
I looked in the Model S/X threads and could not find an answer to my question. What happens if you total your car the day you get it? I know about gap insurance but how does replacement cost insurance work? Initially will they have to say that the price you paid is what you get? Initially I would think that the replacement value would be higher than the original value as you are not able to just go buy another. It could take 9+ months to get a replacement.
I'm finding the opposite. I quoted changing my honda to the model 3 and prices increased $390 per 6 mo.
Then i quoted changing to the XC60 I plan on getting and the rates only went up $270 per 6 mo.
$240 more per year to insure a car that costs 6K less.
Then i quoted changing to the XC60 I plan on getting and the rates only went up $270 per 6 mo.
$240 more per year to insure a car that costs 6K less.
Rate increasing by 40% ain't bad? Your cable provider must love you 
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.
To make it easier for others to test their quotes with Geico (or any other car insurance company), here are some information needed for input that I've used:
- 2017 Model 3 VIN: 5YJ3E1EAXHF000316 (source)
- Tesla Model 3 delivery estimator (date of having car)
My Geico's "Replace Vehicle Quote" showed that I had an increase of $158.90 per 6 months (I'm a male, 35 years old, northern VA, no at fault accidents nor tickets, $500 deductible, $250K/$500K bodily, $100K property). The Tesla Model 3 would replace my 2006 Acura RSX Type S (3 door hatchback coupe compact sport car). It'll come out to $518.25/6 months premium for the 2017 Tesla Model 3 as of today.
- 2017 Model 3 VIN: 5YJ3E1EAXHF000316 (source)
- Tesla Model 3 delivery estimator (date of having car)
My Geico's "Replace Vehicle Quote" showed that I had an increase of $158.90 per 6 months (I'm a male, 35 years old, northern VA, no at fault accidents nor tickets, $500 deductible, $250K/$500K bodily, $100K property). The Tesla Model 3 would replace my 2006 Acura RSX Type S (3 door hatchback coupe compact sport car). It'll come out to $518.25/6 months premium for the 2017 Tesla Model 3 as of today.
hockeythug
Active Member
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.
Who has a $100 comp deductible? Do you live in an asteroid belt?
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hockeythug
Active Member
It increases my premium by 1/3 going from $1,000 to $100 so have fun with that "free money".
LargeHamCollider
Battery cells != scalable
Thanks for the info - I'm in almost the exact same situation (male, will be 35 when I get the M3, replacing a 2006 Acura TSX).
hockeythug
Active Member
My rates are already low because I don't live in the ghetto.
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