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Notice of Non-renewal of Insurance

pete8314

Vendor
Jun 4, 2012
2,355
655
DFW, ex UK
So I received this fun letter from my auto insurance yesterday, apparently the Model S has a higher chance of loss, so they're no longer willing to insure me (it was a multi-car policy, no claims/tickets at all in the past 5yrs for either of us). I've highlighted the relevant bits. Anyone else getting these letters? Any recommendations for alternatives? This was via Kemper, who up until now have been very cheap for me, last year it was $1407 for the S and a Q5 with all the usual coverage limits, nothing weird.

tesla scan.jpg
 

Mike K

Member
May 15, 2013
849
831
Los Angeles
I'm torn. On the one hand I want to chalk this up to horrible insurance companies. On the other hand, I can't blame them. So many of these cars are totaled out with minor damage because of the unknowns. The insurance companies know they have to send the car to Tesla to check the battery and other equipment and they know if the battery is damaged it's $40,000+ to replace it. With S85's solidly approaching values of $50,000 - $60,000 almost any accident is going to be a guaranteed total loss unless they can say unequivocally that the battery was not damaged.

The worst thing for an insurance company is to put $10,000 of body work into a $50,000 car and find out there's a battery fault. It's easier for them to just wash their hands of it. That's why I think there are so many nice salvage Model S's out there. It really doesn't take much to total one out.
 
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SabrToothSqrl

Active Member
Dec 5, 2014
3,690
2,960
PA
Progressive wants to **** me $200 for 6 months for a NOT AT FAULT accident. Apparently people who are the victims of others get punished fr 3 years.

insurance is such a scam.
 
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mknox

Well-Known Member
Aug 7, 2012
10,103
1,866
Toronto, ON
I'm in Canada, so that may make a difference but my rates actually went down for 2016 in spite of the fact I had a minor "at fault" accident (rubbed bumpers in a parking lot).
 

theslimshadyist

Trampa!
Jan 4, 2016
1,094
604
Tampa, FL
This is something that I hadn't considered, figured it was a no brainer because of the solid safety ratings. I better hurry up and check the rates prior to paying my deposit. FWIW, I have State Farm for home, auto, and umbrella and would be curious to see what others are paying who have State Farm.
 
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GreenT

verT
Mar 14, 2014
991
340
France
Progressive wants to **** me $200 for 6 months for a NOT AT FAULT accident. Apparently people who are the victims of others get punished fr 3 years.

insurance is such a scam.
Please edit your post to remove the highly OFFENSIVE word? You know the one.
 
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mknox

Well-Known Member
Aug 7, 2012
10,103
1,866
Toronto, ON
I thought that was considered a polite greeting in the great frozen north?

Well, the woman I backed in to didn't think so! Actually, we were both moving in tight quarters trying to park and I'm not 100% sure she wasn't backing up too. Not sure how much the claim was for. I scuffed the right rear corner of the plastic bumper and got a wee tiny scratch on the metal just where the bumper skin and fender meets. For some reason, the Tesla-authorized shop re-painted the entire rear quarter panel. Her car had a barely visible scuff on the bumper. I offered to pay for her damage, but she worked for an insurance company herself and didn't want to go that route.
 

tom66

Member
Dec 17, 2013
625
28
United Kingdom
Progressive wants to **** me $200 for 6 months for a NOT AT FAULT accident. Apparently people who are the victims of others get punished fr 3 years.

insurance is such a scam.
I thought insurers in the US couldn't increase rates for not-at-fault accidents.

In the UK they most definitely do increase rates, even if you aren't at fault. Their reasoning is if you make a claim, even a nonfault claim, you are more likely to make a fault claim in the future.
 
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AMPd

Active Member
Nov 27, 2012
4,323
3,457
Northern California
I thought insurers in the US couldn't increase rates for not-at-fault accidents.

In the UK they most definitely do increase rates, even if you aren't at fault. Their reasoning is if you make a claim, even a nonfault claim, you are more likely to make a fault claim in the future.
That's terrible reasoning!
 

Rockster

Active Member
Oct 22, 2013
3,010
4,612
McKinney, TX
I'm going to write a more detailed post and start a new thread shortly but based upon recent experience I strongly recommend against choosing Geico if you live in the DFW area.
 

MSEV

Member
Aug 10, 2014
465
98
Nebraska
theslimshadyest: I believe the rates vary by where you live. I have State Farm, no claims, my rates went up $100 every six months over my four year old Lexus worth 1/5th as much.
 

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