MattM76
Member
For laughs, I put in a quote for everything the same on a Model 3 Standard Range. Admiral wanted £1600. So who knows...
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Model Y insurance high?
- Thread starter MashinBenzin
- Start date
Martinb999
Member
Funny, after reading your post I did the same with Admiral for my M3P and that was £658, then for the MYLR it was £824 - exactly the same details, low mileage etc. Silly money.
If you pull the wires to the main ECU you will disable the SIM card but also the whole car. You would need to steal it with a low loader as so you may as well do that in the first place and have a functioning vehicle.
Jason71
Well-Known Member
Maybe maybe not but if you steal a car with an insurance approved tracker hidden somewhere in it, using a low loader , the tracker still works.
Surely you can see the difference between a tracker that thieves know exists, know where it is, and how to disable it (even if it might disable the car)
vs one that may or may not exist, and if it does is hidden somewhere and may take hours to find.
Even if you can't the insurance companies can and some think a Tesla should have one before they want to cover. Fortunately most don't so its easy enough to vote with your feet and go to one of them.
Welcome to the true cost of EV ownership Expensive to Buy new and Repair so the insurance is more some folks will pay substantially more. I pay 120 quid fully comp so 7 tanks of fuel to cover the extra cost though I reckon it would be more than 600 for me.
Nope it’s not about being an EV.
Quoting today, the Model Y is now £748.
A Kia EV6 GT-Line S AWD is £344. Same class of car, 0-60 within 0.4 seconds, list price within £2k.
For something more premium. A Macan GTS (0-60 4.5s) with a list of 74k comes out at £455 for me.
However anybody tries to slice this, the Model Y is exceptionally expensive to insure right now.
Martinb999
Member
well, 22 days to delivery today so I went on and "Hey Presto" - the quotes were all substantially lower with all the same details entered as before. I got everything I need for £421.75 - RESULT!
Yes, the MYLR insurance is a lot higher than the M3P but I'm OK with this now.
Excellent news indeed and this matches up with the theory. Hoping I can get the same result with 22 or 23 days to go. Was beginning to wonder if the excessive level of MYLR insurance enquiries (end Q peak) was somehow driving up prices.
I wish I could say the same quotes are still double our twin engine xc90
What is funny is that repairs etc are only part of the liability insurance companies have. I know someone that was knocked off their bike by a car and the total legal costs etc. were 800k. The difference in repair costs is probably pretty small, especially if you consider most claims are for fairly minor shunts. The insurance game is a game, they charge what they think they can get away with. And I suspect the fact that other running costs are lower encourages them to add a bit on too.
Tesla insurance biz model was based entirely around these type of assumptions.
This forum is probably large enough to get a dedicated insurer off the ground.
Tesla insurance biz model was based entirely around these type of assumptions.
This forum is probably large enough to get a dedicated insurer off the ground.
How did you answer the question "who will be the main driver" as you could end up with a claim being rejected.Got my reg through, insurance still sky high. Managed to get as low as £900 with admiral in my wife's name with me as second driver
I put her as the main driver. Tbh it's our only car and driving will be 50/50 so can't see how else I could answer it.
Mines insured paid today in the wife's name as well roughly 50/50 driving possibly slightly more her I am going to look into multicar when my van is due as 3 cars between us it could hopefully save a few £. For comparison our 3 year old volvo xc90 twin engine hybrid was £430 last year swapping to the Y is £719 so a significant increase however I never have to deal with volvo service again so £300 well spent 
There have been a few comments in this thread regarding a "tracker". Be careful. The feature of seeing the location of your car is not unique to Tesla (our Zoe has it too!) and does NOT meet the specifications for (almost?) all insurers. Do NOT say it has one or you may not be covered.
A really basic feature missing on the Tesla is that it only updates when the car is driven not when on trailer or similar. Proper tracker functionality is explained at link below.
www.infinititracking.co.uk
A really basic feature missing on the Tesla is that it only updates when the car is driven not when on trailer or similar. Proper tracker functionality is explained at link below.
INSURANCE-APPROVED TRACKERS EXPLAINED | Infiniti Tracking
All possible details are explained about insurance approved trackers. Furthermore, each detail is expanded to help you in the best way.
www.infinititracking.co.uk
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Answered it doesn't have one. Premium is £650 which i thought was high but turns out to be on the lower end.
My insurance for my outgoing Outlander PHEV was £365, with protected no claims and £200 voluntary excess. Model Y insurance is £746, with protected no claims and £500 voluntary. Thats with Flow (part of LV) and was comfortably the cheapest option from a menu that went well north of £1,200.
I get it - the Y is an expensive car to repair and that means its expensive to insure. That my company will own it and not me personally added an extra £80 to the cost...
I get it - the Y is an expensive car to repair and that means its expensive to insure. That my company will own it and not me personally added an extra £80 to the cost...
Jason71
Well-Known Member
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