Olds442
Member
Just paid my 6 month with Progressive, $500 on a 2013 P85.
I'm 52 with a good driving record, for the past 8 years or so anyway.
I'm 52 with a good driving record, for the past 8 years or so anyway.
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I do NOT have a Model S, but asked my insurance broker earlier this week about annual coverage for a 2014 P85+ I was looking hard at.
"We ran comparisons with the number of different companies that we represent. If we were to add the Tesla, Progressive came in very close to Safeco. There are some slight differences in the homeowner’s policy. Safeco has a 1% wind hail deductible on the home. Progressive requires a min of 2%. Also, Safeco offer a single loss deductible. Progressive does not. You have slow lead water coverage with Safeco. Progressive does not offer this coverage."
Just the Tesla portion:
Safeco: $1348.80
Progressive: $916.00
At face value, the Progressive number looks great. But, in my area of Texas, hail damage to the roof of your home (and other property) is not uncommon at all. That 1+% difference based on the value of your home is likely far more than the difference in the Tesla line item.
Agree with what others have pointed out: coverage will be specific to you, your driving & claim history, and overall insurance needs. (Multi-car discount, classification as "leisure" (expected low usage/mileage) vs. daily driver w/commute, multi-policy discount: home, umbrella, etc.)
"We ran comparisons with the number of different companies that we represent. If we were to add the Tesla, Progressive came in very close to Safeco. There are some slight differences in the homeowner’s policy. Safeco has a 1% wind hail deductible on the home. Progressive requires a min of 2%. Also, Safeco offer a single loss deductible. Progressive does not. You have slow lead water coverage with Safeco. Progressive does not offer this coverage."
Just the Tesla portion:
Safeco: $1348.80
Progressive: $916.00
At face value, the Progressive number looks great. But, in my area of Texas, hail damage to the roof of your home (and other property) is not uncommon at all. That 1+% difference based on the value of your home is likely far more than the difference in the Tesla line item.
Agree with what others have pointed out: coverage will be specific to you, your driving & claim history, and overall insurance needs. (Multi-car discount, classification as "leisure" (expected low usage/mileage) vs. daily driver w/commute, multi-policy discount: home, umbrella, etc.)
After looking into this more, I realize that it’s no use comparing insurance rates on a forum.
Mainly because one person can insure a car for $50/month or $150/mo. with the same company.
It all depends on what exact coverage you get
and I’m guessing we all have different coverage preferences - making comparing insurance here quiet difficult bc $100/mo. with 25/50/25 is not cheaper than $120/mo with 100/300/100.
Mainly because one person can insure a car for $50/month or $150/mo. with the same company.
It all depends on what exact coverage you get
and I’m guessing we all have different coverage preferences - making comparing insurance here quiet difficult bc $100/mo. with 25/50/25 is not cheaper than $120/mo with 100/300/100.
While coverage preferences is certainly a factor in the wide variation in rates in my experience it is location that is the biggest differentiator. Insurer A can be half of insurer B while the reverse may be true in a different area. I was an existing GEICO customer until I got my S. I had several quotes that were less then half what GEICO wanted for the same coverage. Maybe it is just teaser rates to get you to switch, I'll see what happens when my 6 months is up with Progressive.
Just picked up my New Model S last week, and my insurance is $400.00 less a year from a Acura TSX to my Model S, I'm 53 and perfect driving record in Ca. I was so happy to hear that news, I was told it is because my Acura was one of the most stolen vehicles.
Just love my Tesla so awesome!!!!
Just love my Tesla so awesome!!!!
Try Liberty Mutual InsureMyTesla as others have recommended. I came from an RX400h (insured thru GEICO) to a Model S100D. Clean driving record and only accident was someone rear ending rear my Rx400h and totalling it. Investigated Liberty Mutual - between house, umbrella, and auto policy along with the standard discounts - the Auto came to around $1070/year (NY, includes Better Car Guarantee | Employee Parking Guard | $500 deductible | no deductible glass | $90/day rental) If you add in half the cost of the 1 million umbrella policy and it comes to around 1155/year. Try talking with an agent to see if they can run scenarios to determine what the best mix is for you.
asianxtreme
Member
Not sure, this was for a new Model S, not CPO. I would recommend talking to an agent to see what they can do for you in regards to the Better Car Guarantee and other options usually associated with a new vehicle. Since they have a special relationship with Tesla, they may have CPO specific options.
I have a 2017 Model S 100D and I pay $998.00 annually for the Tesla portion of my policy. I have my entire insurance portfolio with Nationwide Private Client. They are a separate company but owned by Nationwide Insurance specializing in high value vehicles etc... That policy includes New Car Replacement, Full Glass Replacement, all original OEM parts ,$1,000 deductibles for comprehensive and collision and $500,000 of liability protection.
I am a Tesla enthusiast and owner as well as an independent insurance agent that represents multiple companies. It's very hard to make generalizations about rates since every Tesla owner's insurance is going to be specific to their driving history, credit score (except in CA), state/location and mileage driven. My vehicle gives me so much joy and I want to protect it as best as possible. Having an insurance company that specializes in adjusting claims for high end vehicles and has coverage tailored for that was very important to me at least.
I create a website to help other Tesla owner's navigate the insurance space and provide guidance and quotes if requested. We write insurance in 11 states across the western and mid-western US.
Tesla Insurance Quotes
Good luck shopping around and let us know if we can help at all.
Bill Rowlen
833.276.7778
[email protected]
I am a Tesla enthusiast and owner as well as an independent insurance agent that represents multiple companies. It's very hard to make generalizations about rates since every Tesla owner's insurance is going to be specific to their driving history, credit score (except in CA), state/location and mileage driven. My vehicle gives me so much joy and I want to protect it as best as possible. Having an insurance company that specializes in adjusting claims for high end vehicles and has coverage tailored for that was very important to me at least.
I create a website to help other Tesla owner's navigate the insurance space and provide guidance and quotes if requested. We write insurance in 11 states across the western and mid-western US.
Tesla Insurance Quotes
Good luck shopping around and let us know if we can help at all.
Bill Rowlen
833.276.7778
[email protected]
The Liberty Mutual program was literally 2x what I got from AAA for the same coverage. Many forum members have been reporting the same.
If you are paying $535 a year for full coverage, I will need to check them out when things come up for renewal.
under 30, 2 claims, 75k+ car? i kinda dont blame all state.. but good for costco in believing in you lol
ArbitrageMan
Member
Are you folks going with Costco/Ameriprise only getting your Tesla insured or are you also getting other policies (home, umbrella, boat, cycle, whatever) with them?
