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AC1K
Member
Im 30, got the P85, my yearly is $1150 CAD with TD Meloche Monnex (Canadian insurance company). Strangely my Genesis Coupe which i had before was $1200, but with this vehicle i have a "Green Wheel" EV/Hybrid Discount so it works out good for me.
i have no accidents or tickets in the last 8 years BTW.
i have no accidents or tickets in the last 8 years BTW.
Bradleybang
Member
I see some people listing liability limits of $100/300k. If you can afford a model S, my experience says you should be buying higher limits and an umbrella. Just sayin. Its good to see everyone giving companies and rates as shopping is the best way to get the best rate. However, stating annual premium is not really apples to apples.
Jonathan Hewitt
Active Member
Maybe they're like me and make less than 6 figures a year and probably shouldn't be affording a Model S
Though in my case I may have to up my levels if Tesla keeps doing well as I will have more money to protect...
Anybody has a good source for GAP/Total Loss Insurance ?
I think most of us here either bought the MS cash or financed with a huge down payment. With the crazy price raises of the P I would now have to put a lot of additional money out of pocket if my car would be a toal loss (which can happen quickly with some uninsured motorist who screws you up.....).
Does anybody know any after market total loss / GAP insurance for Florida ? I only found one which pays the replacement costs up to 5000 k difference, we need at least 30k !!
I think most of us here either bought the MS cash or financed with a huge down payment. With the crazy price raises of the P I would now have to put a lot of additional money out of pocket if my car would be a toal loss (which can happen quickly with some uninsured motorist who screws you up.....).
Does anybody know any after market total loss / GAP insurance for Florida ? I only found one which pays the replacement costs up to 5000 k difference, we need at least 30k !!
islandbayy
Active Member
Progressive valued my MS60 at about 10k more then I paid for it, due to the limited availability of the vehicle, long wait time to get one once ordered. So if it were to be totaled, I would be fine, according to my understanding.
This is a good question. There is an insurance company advertising they will pay for a replacement vehicle "one model year newer"... I want to say Liberty Mutual. Also, some states (like California) have a little known rule that requires Insurers to pay market value, not Blue Book. So checking into that may be helpful.
I'm in Orange County, CA. Adding 2013 Tesla Model S to my existing Home Warranty to get the discount cost me $2300 per year. I went with GEICO. They gave me higher limits and I pay $1900 per year.
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Should have added that the $2300 quote was from State Farm.
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Should have added that the $2300 quote was from State Farm.
I'm in Orange County, CA. Adding 2013 Tesla Model S to my existing Home Warranty to get the discount cost me $2300 per year. I went with GEICO. They gave me higher limits and I pay $1900 per year.
Saphire
Member
I'm curious to know if new owners looking for insurance has the 5 star crash test results helped with insurance premiums?
+1 I'm also interested in recent experiences with insurance quotes. I suspect that actuarial tables for the Model S will need to be updated. Anyone know of any insurance companies who have lowered their rates as a result of the NHTSA ratings?
For me insurance isn't about the 'cheapest', because when you do file a claim, you'll quickly find out you get what you pay for. With that said, I've had USAA for 20+ years, and maybe a few dollars more, but rest assured, I sleep very well at night knowing if something did happen, it would get taken care of ASAP.
Ran a quote through my online account once I had VIN, it's less that my 2013 Audi S5 (which is only a $60K car vs $113K for P85+).
Ran a quote through my online account once I had VIN, it's less that my 2013 Audi S5 (which is only a $60K car vs $113K for P85+).
Allstste has his kind of coverage. You can have it up until the car is 3yo. You have to pay for the coverage, but its not very expensive.
Saphire
Member
After calling around several insurance companies they were more interested in your driving record and your credit score than 5 star crash test results. It pays to shop around, also discovered that insurance companies want multiple coverages. By combining renters insurance along with auto insurance my MS will be less expensive than a 2008 pickup truck, I'm going with Safeco Insurance.
I have Safeco with the new replacement clause for 1 year right now. It was < $30/year. We'll see what they say next year.
Had to switch all our insurance from Mercury because their rate for the Model S was outrageous.
