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Model S Insurance in Australia

Discussion in 'Australia & New Zealand' started by meloccom, Jun 1, 2014.

  1. meloccom

    meloccom Moderator Aus/NZ

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    Hi,
    I tried to do an online quote for the Model S at my preferred insurer (NRMA) and whilst the car was in the list the website asked me to call for a quote.
    I rang and they did the quote over the phone for $1350 annual premium for a $142K agreed value which seems OK to me.
    Anyone else checked their insurance?
     
  2. MangroveMike

    MangroveMike Member

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    That's good news. I'm with NRMA and the pricing seems good (unusually) for them. I'll check out some others as well although previously I have had problems with guys like AAMI as soon as you go out of mainstream cars.
     
  3. heosat

    heosat Member

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    I called NRMA last week and also received a great quote from them. I also called AAMI and Shannons and they were unwilling to give me a quote.
     
  4. mike_j

    mike_j Member

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    That quote sounds too good to be true.

    I was expecting 3k plus.
     
  5. TesAus

    TesAus Member

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    I have just fired off an enquiry to AAMI as I have multiple policies with them. I'll let you know what they come back with.
     
  6. Mark E

    Mark E Member

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    Interesting and good news. I'll also contact Shannons to get a quote from them. Even better if thats a Sydney price (used to paying the Sydney tax on top of the Australia Tax).
     
  7. Dborn

    Dborn Confirmed

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    Allianz are not up with Tesla yet and apparently are unaware that the car will be delivered here soon. They suggested that someone from the company, ?Stone, speak to their underwriters.
     
  8. Mark E

    Mark E Member

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    Shannons $1850 for $146,500. Max claim, valid for 12 months, business use - going to see customers but not carrying tools or passengers. Garaged in Sydney.

    They asked lots of questions including "has it been converted to RHD?" and "during the day where will it generally be parked? On the street or in a car park?"

    They said that they'd had 4 requests for Model S quotes today.
     
  9. Higgy

    Higgy Member

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    AAMI are aware of the car but haven't made any information - they told me to check back closer to the delivery date.
     
  10. TesAus

    TesAus Member

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    Response just received from AAMI:

    Thank you for your email.


    Sorry for the inconvenience has caused. We are still working on the data for Tesla models to add our online quoting system at the moment. Therefore please keep checking our online quote system as Tesla models will be available any time soon.


    If we can be of any more help, don't hesitate to email us at any time.
     
  11. Dborn

    Dborn Confirmed

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    Gio, NRMA , aami, now all correctly list the car online, but all refuse to give an online quote.
     
  12. TesAus

    TesAus Member

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    That is at least a positive step as it indicates they will consider insuring it and it is not viewed just as a specialist or niche car.

    Until we actually know when our cars will arrive it is not really an issue anyway....
     
  13. Ascientist

    Ascientist Member

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    Received a verbal quote from the NRMA $1110 which seems reasonable. They were happy to confirm the insurance then and there!
     
  14. timpoo

    timpoo Member

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    Received a verbal quote from Youi - $2.9k.

    LOL
     
  15. doctorwho

    doctorwho Member

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    I hope that you did a quick youi from that one:scared:
     
  16. Dborn

    Dborn Confirmed

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    #16 Dborn, Jul 20, 2014
    Last edited: Jul 21, 2014
    Just got on the Allianz site. They now have a full listing for Tesla including all options. They allow you to go through the full quoting process, only to tell that they are not offering insurance for this car and to contact the insurance council of Australia!!! Wonderful!!
    AAMI also correctly list the car, but want you to call to discuss, at least they don't reject out of hand. Ditto NRMA.
     
  17. timpoo

    timpoo Member

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    OMFG don't you hate that?!?! Why waste your time. At least Bingle says straight out - if it's not listed, we don't insure it.
     
  18. cynix

    cynix Member

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    That's like the Youi "online quote" -- they ask you to put in a bunch of details and then it tells you you must call for a quote. So annoying.
     
  19. timpoo

    timpoo Member

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    #19 timpoo, Jul 21, 2014
    Last edited: Jul 21, 2014
    On phone with Just Car at the moment and doesn't look great they don't have it on their system. Have so far struck out with AAMI, Gio, Bingle and can't use NRMA as I am in Victoria. Will report back after I go through a few more.

    I think Youi uses a different system to these guys which is why they could give me a quote.

    Update: Have now struck out with RACV, AAMI, GIO, Bingle and NRMA (as I'm in VIC). I also struck out with Shannons because the car will be under a carport, and even though I have a locked gate, that's still not good enough - they need a garage before they will insure the Model S.

    So that only leaves a few more to try before I either have to go with Youi or get a broker.
     
  20. meloccom

    meloccom Moderator Aus/NZ

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    #20 meloccom, Jul 21, 2014
    Last edited: Jul 21, 2014
    Try CGU
    IIRC they are underwritten by IAG which is the insurance arm of NRMA.
    Edit
    They have the Model S in their on-line quote generator. I didn't finish my quote though.
     

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