Model X insurance question

[Vawlkus]

Ok, I’m a little annoyed about this, and I’d like some info to go to bat with.

My insurance policy is up for renewal, and I have an issue with my deductable being $4k. Can I get some data samples from other people with Xs and what their deductibles are please. If you want to leave what company you’re with that’d be nice as well.

 

[Struja]

Who are you with now?

It's tough to comment on which company to go with, because you are in a different province. I deal with insurers everyday (in Ontario) and there is a huge difference between companies in how they pay claims and how much they pay in claims and how they treat their clients.

My experience put Co-Operators and Intact at the top of the list and Aviva, Wawanesa and State Farm/Desjardins at the bottom.

 

[realtycoon]

Who are you with now?

It's tough to comment on which company to go with, because you are in a different province. I deal with insurers everyday (in Ontario) and there is a huge difference between companies in how they pay claims and how much they pay in claims and how they treat their clients.

My experience put Co-Operators and Intact at the top of the list and Aviva, Wawanesa and State Farm/Desjardins at the bottom.

How would you rank TD Meloche Monnex on your list?

 

[Vawlkus]

I was a little rushed because the company I was with, Wawanesa/Aviva wouldn’t give me a quote (I suspect my agent being a problem there), so I went with RBC, who are now partnered with Aviva.

 

[Struja]

How would you rank TD Meloche Monnex on your list?

That’s who I am insured with and they have crappy home owners policies and are kind of mid pack insurer for cars. Not the best not the worst.

 

[cwave1]

I'm with RBC / Aviva and had one claim with my Model S and another with another vehicle in the family.

Both claims were handled well and they even went above and beyond when the collision company used for my other vehicle was screwing us around (CarStar - Argentia Rd. Mississauga - stay away).

My Model S costs me a little under $1100 / yr.

 

[Vawlkus]

I'm with RBC / Aviva and had one claim with my Model S and another with another vehicle in the family.

Both claims were handled well and they even went above and beyond when the collision company used for my other vehicle was screwing us around (CarStar - Argentia Rd. Mississauga - stay away).

My Model S costs me a little under $1100 / yr.

What’s your deductable though?

 

[Struja]

My Model S is just under $950/yr with a $1000 deductible, but I have also purchased optional benefits under the Accident Benefits Scheme.

My insurance on the S, is about $180 LESS per year than my 2008 Lexus IS350.

 

[toolioiep]

I'm with Co-Operators and the deductible on my MS 75D is $5k. Apparently, this is their policy for any car valued over $100k (which mine was at time of delivery - Dec 17).

 

[Vawlkus]

As a follow up, I dropped RBC and went straight to Aviva. Price per year is a little higher, but my deductable is down to $500.

 

[Struja]

As a follow up, I dropped RBC and went straight to Aviva. Price per year is a little higher, but my deductable is down to $500.

I believe Aviva has taken over RBC insurance, so they are one and the same. Curious that they offered different rates.

 

[Vawlkus]

I believe Aviva has taken over RBC insurance, so they are one and the same. Curious that they offered different rates.

I actually queried them on that, and they aren’t the same company. My RBC policy is not available to Aviva, and vice-versa. Not quite sure what the connection is there.

 

[Struja]

I actually queried them on that, and they aren’t the same company. My RBC policy is not available to Aviva, and vice-versa. Not quite sure what the connection is there.

So, they may keep them as separate divisions but Aviva did acquire RBC insurance. Aviva Canada announces the acquisition of RBC General Insurance Company...

 

[Vawlkus]

So, they may keep them as separate divisions but Aviva did acquire RBC insurance. Aviva Canada announces the acquisition of RBC General Insurance Company...

And yet, they see themselves as competition, not as branches of the same company (both said precisely that, unprompted).