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Owner reviews his new M3P:

Accentcreate

Member
Dec 23, 2017
79
29
France and Australia
No mention of what it cost to insure the Model 3.
I'm taking delivery of a Long Range Dual Motor this week and insurance quotes vary from $1200 to $3500 for basically identical policies. What gives?
 

jkdman123

Member
Jul 15, 2019
350
230
San Diego
No mention of what it cost to insure the Model 3.
I'm taking delivery of a Long Range Dual Motor this week and insurance quotes vary from $1200 to $3500 for basically identical policies. What gives?
I think some companies are taking into account the excess time some repairs can take due to the horrendous spare parts supply problem Tesla has.
 

dmurphy

Woof.
Dec 7, 2018
3,341
4,549
New Jersey - Morris County
I think some companies are taking into account the excess time some repairs can take due to the horrendous spare parts supply problem Tesla has.

Say what you want - I'm on month 2 waiting for parts to fix my wife's Buick ... The body shop is also Tesla-certified, and even said if we had the same damage with the Model 3, it'd be fixed long ago.

Sigh.
 

sonicP3D

Member
Feb 4, 2019
103
101
CA
Geico refunded me 650usd/6months to remove the Model 3 from my policy.
Tesla Insurance cost me 450usd/6months and I'm covered much much more than Geico.
 

manto

Member
May 5, 2019
14
4
San Diego
For me nothing comes close to geico having good driving record, two cars multi policy and a condo policy. Those multi policy discounts add up.
 

jkdman123

Member
Jul 15, 2019
350
230
San Diego
Say what you want - I'm on month 2 waiting for parts to fix my wife's Buick ... The body shop is also Tesla-certified, and even said if we had the same damage with the Model 3, it'd be fixed long ago.

Sigh.
Nobody said that Tesla has a monopoly on poor parts support. But overall, there’s nobody else who’s worse. Period. This means that if your insurance is supposed to provide you a rental while your car is being fixed, they’re going to pay more in claims, which means we’re going to pay more in premiums.
 

dmurphy

Woof.
Dec 7, 2018
3,341
4,549
New Jersey - Morris County
Nobody said that Tesla has a monopoly on poor parts support. But overall, there’s nobody else who’s worse. Period. This means that if your insurance is supposed to provide you a rental while your car is being fixed, they’re going to pay more in claims, which means we’re going to pay more in premiums.

I don't necessarily agree... Rental cost is usually capped on a first-party policy, so that's a fixed known cost. Has really little to no bearing. As for premiums.... my State Farm policy went DOWN when I replaced the Cadillac with a Model 3. No concerns there either.
 

Solmors

Member
Jun 11, 2019
110
92
Seattle
Its funny how different insurance companies are for different people. Geico was nearly 3x the price of USAA for me. $310/mo vs $110 for the same coverage.
 

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