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Model S Insurance in Australia

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

  1. jdtsla2016

    jdtsla2016 Member

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    Sydney
    Thanks Homer - yes I forgot to say I called Tesla's insurance but they seem to only be open weekdays, NRMA was the only one I could 'play' with online, interestingly 70d, 85, 85d all were coming in within a couple hundred of each other, from memory the P85D threw it up to over $5k with $1k excess. Based on what I've just seen, $2k or under for a P-anything is awesome (I even played with the birth year, adding 10 years to me reduced things but a hundred here or there but nothing drastic).

    It must be something to do with our postcode although Wahroonga isn't exactly the ghetto!
     
  2. raynewman

    raynewman Active Member

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  3. Vegas

    Vegas Member

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    My P90D insurance with an NRMA is the same as Homer's - those quotes do sound high to me too
     
  4. meloccom

    meloccom Moderator Aus/NZ

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    You can get further discounts from NRMA if you have multiple policies and they also offer years of insurance discounts.
    I live closer to the city and am paying around $1800 annually for my S85.
     
  5. Xwing

    Xwing Member

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    Dec 29, 2015
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    Location:
    Melbourne Victoria Australia
    Yep speak to tesla insurance. I've gone with them and they provided the cheapest quote at around the 2k mark with 1k excess for a s 60. Also doesn't matter who the driver is or the driver history. Seems that the rest of the insurance companies are getting cold feet.
     
  6. EcoCloudIT

    EcoCloudIT Member

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    Xwing: My insurance is nearly 50% cheaper than that (RACV) with a $2K excess (new for old up to 2 years old) on a S70 with an agreed value of around $135K (have the grey 21inch turbines etc.)

    -ECIT
     
  7. Xwing

    Xwing Member

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    Location:
    Melbourne Victoria Australia
    Yep I've seen there are lots of of cheaper deals out there but they do seem to come down to driving history, where it's parked etc. With Tesla it's 3 years new for old and $1k excess. I just found with the 3 other quotes I received nothing came in cheaper and Youi wouldn't ensure it at all. So definitely worth each individual looking into it themselves to get the best deal.
     
  8. Homer

    Homer Member

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    Sydney, Australia
    I also think the model number/purchase price makes a big difference to the premium. I'm paying $2K with NRMA which was the best price I could find at the time on a Model S that cost a tad over $270K, and that premium is still $500 cheaper than Tesla Insurance today. I haven't had a claim or even a speeding ticket in 15 years.
     
  9. joninmelbourne

    joninmelbourne Solid Black S60 new face

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    Just got quoted $950 with RACV but with $2000 excess. I have ever claimed on car insurance so the excess is OK by me. Coles guarantee to beat quotes so they are next on the list to call, but they don't list the new 60kw/h yet only 70 and above so may have to wait.
     
  10. EcoCloudIT

    EcoCloudIT Member

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    joninmelbourne: all you do is ask the agent to check with their un-writers (call during business hours and they put you on hold whilst they check) requesting to use the 70 as a basis of your quote but they list as a line item they're covering you for a 60.

    When I got my 70 all the insurance companies didn't have it listed, (they had the 70D, no 70)....anyhow I was told to do the above and it work on all of them with the exception of Budget...they're agent are idiots.

    I went with RACV, same type of deal you just got....
     
  11. surfer2065

    surfer2065 Member

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    Oct 26, 2015
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    Location:
    Port Stephens NSW
    I'm with AAMI, have been for a year. Last year they charged $870 with $1250 excess for my 85D. Just today got policy for next year at $961. I'm happy with that.. fully optioned car... complete replacement policy with all options if written off in first 2 years.
     
  12. ShockOnT

    ShockOnT ⚡️⚡️⚡️⚡️⚡️

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    That s
    That seems very cheap. I'll have to give them a call (website won't process Tesla). My quote from InsureMyTesla was about $1900 with $1000 excess for facelift 70D.
     
  13. joninmelbourne

    joninmelbourne Solid Black S60 new face

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    So the facelift new front model s came in 70 before 60 and 75?
     
  14. ShockOnT

    ShockOnT ⚡️⚡️⚡️⚡️⚡️

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    Indeed it did. I still don't know whether to be happy or annoyed. Basically I have the 75 battery locked to 70. About $5000 to upgrade if I want.
    Might have gone with the cheaper 60D, but then would have agonised over the 75 upgrade. 1st world problems though :)
     
  15. marcco

    marcco New Member

    Joined:
    Sep 8, 2019
    Messages:
    1
    Location:
    Sydney
    QBE seems to have stopped insuring Teslas, the cheapest comprehensive I got quoted for my model S was $3,900 (after trying with about 6 insurers (75D 2018), then I found AAMI would do it with a $3,000 excess for only $1,600.
     
  16. Grenadine

    Grenadine Member

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    Location:
    Melbourne, Australia
    RACV gave me $1700 with a $2k excess but none for windscreens.
     
  17. meloccom

    meloccom Moderator Aus/NZ

    Joined:
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    Messages:
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    Location:
    Sydney Australia
    Just some advice for those new owners struggling to get reasonable quotes for insurance.
    In another life I was an insurance underwriter and about 20 years ago the Insurance companies woke up to the fact that long term multiple policy holders were a much better risk than single short term policyholders.
    I’m currently paying circa $1,600 for My Model S insurance with agreed value above $100K but I have about 10 policies with NRMA and have been with them continuously since the 1980s.
    Just did a quick quote without any of my loyalty benefits on a LR AWD Model and it came up in the $3000 range.
    So if you’re young and the Model 3 is your only insurable asset you are likely going to pay a lot but if you present all your business to an insurer, Home, Contents, other cars etc you will likely do better.
     
    • Helpful x 1
  18. smithy

    smithy Member

    Joined:
    May 1, 2018
    Messages:
    131
    Location:
    Sydney
    I just went with AAMI, 2018 S 100D, $1965 for replacement car (first two years they do new car replacement), excess $1850 and includes windscreen
     
  19. Techno-phile

    Techno-phile S100D in garage with P3D and Roadster on order.

    Joined:
    Nov 13, 2014
    Messages:
    191
    Location:
    Perth, Australia
    $919.89 for S100D agreed value $120k renewal just paid today. But I have been insuring Teslas with RACWA since Feb2015.
     
  20. smithy

    smithy Member

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    May 1, 2018
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    Location:
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    Wow that is a great price
     

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