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Model S Insurance Rates in Chicago Area

Discussion in 'Model S: Ordering, Production, Delivery' started by Northside, Nov 16, 2016.

  1. Northside

    Northside Member

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    Nov 16, 2016
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    Location:
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    Any suggestions for an insurance carrier for a Model S60D in the Chicago area? I take delivery in about six weeks. Called my current carrier, GEICO, and they want $2,000 every six months versus 1/6 that amount for my current car (2010 Camry Hybrid). I understand that number may come down a lot once I get a VIN and they realize that I have not purchased the P100D, but I would really like to shop around just in case they stay wacky (that is wacky, right?).
     
  2. LuPapa

    LuPapa Member

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    That seems really high, perhaps some others who live in Chicago can chime in. If you qualify for USAA through yourself or a family member their insurance rates are usually some of the lowest in the industry.
     
  3. Northside

    Northside Member

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    Thanks, unfortunately, I don't qualify for USAA.
     
  4. holysmoke17

    holysmoke17 Supporting Member

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    I'm in Chicago and in the process of exploring buying a Model S60/75D and recently asked my current provider (State Farm) for a general quote based on my current policy. They quoted me around $850 every six months. For reference, I currently pay around $600 every six months for a 2015 Mazda 3. I have multiple policies with them and there are some other discounts built into the quote that may or may not apply to your situation.

    Details:
    quote.PNG
     
    • Informative x 1
  5. esk8mw

    esk8mw Active Member

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    Progressive, believe it or not. 400 every 6 months on a new P90D. Good coverage, 500 deductible, 100/300 etc.
     
  6. lithiumfire

    lithiumfire Member

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    Location:
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    $400/six months with Travelers.
     
  7. lithiumfire

    lithiumfire Member

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    I had to move my homeowners to Travelers to get this rate. I actually saved a lot on that end.
     
  8. Northside

    Northside Member

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    Location:
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    Thank you for the great input. I got a $650 quote from Progressive and an $850 quote from State Farm, with slightly more coverage, and also have my house insured through SF as well. I will try Travelers next. Something is obviously wrong with Geico and their $2,000 quote! Good thing insurance is not going to be as bad as I thought because I just got a massive quote to install a 240/50 amp outlet to charge the car - close to $2.5k. I know that is very configuration-specific though. My panel is in my basement and I have a detached garage so they have to run a wire from my basement to the side gangway and then bury it underground until it reaches the garage, and then cut into the garage. Glad I did not know about that until after I placed my order because the wife may have nixed my Tesla dream at that point...
     
  9. LuPapa

    LuPapa Member

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    Ask your electric company how much to install a 2nd meter in the garage. That makes the charger install a piece of cake and you get the benefit of really easy energy monitoring. I bet that's cheaper
     
  10. lithiumfire

    lithiumfire Member

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    #10 lithiumfire, Nov 17, 2016
    Last edited: Nov 17, 2016
    I hope one of those insurance options works out for you!

    If you haven't already switched your electric plan to ComEd hourly rates, I recommend it. Much cheaper when charging off peak (overnight).

    Here is my hourly pricing referral link:
    http://refer.comedrrtp.org/CUSTOMER/prospect-invite/?EID=87a20050-8195-42d8-91d5-0ad98f6b10f4&type=ShareUrl
     
  11. Northside

    Northside Member

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    Location:
    Chicago
    Thanks for the ComEd tip!
     
  12. lithiumfire

    lithiumfire Member

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    Location:
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    No problem! If you decide to switch, we both get $50 from comed for the referral.
     

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