Hello all,
I'm getting my P90D soon and have embarked on the quest for insurance. I currently have Geico and after almost suffering a heart attack when quoted for adding the P90D on to my policy(an extra $2500 per 6 months), I've decided to move on and find something a bit more accommodating. I currently have only one other car that will share insurance policy with the P90D, a 1998 Buick Regal(YEAH ITS DEFINITELY TIME FOR AN UPGRADE).
I have seen some miraculous P90D insurance quotes on forums like $700 per year from Liberty Mutual. While I understand this may be a quote for only a Tesla on a policy by itself, but pardon me that's insanely low. I was quoted a very unattractive $5k-$6k/year(about $500/month) from Liberty Mutual, and similarly from other insurers like progressive, etc.:crying: Really, does having both of my cars on the same policy hurt me so much? I thought insurers liked that and gave nice discounts for it.
I currently live in the Gulf States area, Louisiana to be exact. Not sure how much of a difference it makes but, the Tesla's are as uncommon as snowstorms here(the way I like it actually). But does that affect my insurance costs?
As it may be obvious to see by now, I am no insurance buff. I pretty much go with the status quo with the limits I choose for my policy. That said, I did drop all extra coverage from my Buick when making quotes, since I plan to be driving it alot less.
Here is a list of the insurance limits I've been using for quotes:
Bodily Injury - $100k/$300k
Property Damage - $25k
Uninsured Motorist: $100k/$300k
P90D Coverage
Comprehensive - $500 deductible
Collision - $500 deductible
Regal Coverage
none
Somehow the above configuration always ends up giving me a very large monthly/yearly cost. Is something wrong with the limits I've chosen? Please feel free to critique and let me know! Also, please feel free to share your insurance configuration as well as your monthly/semi-yearly/yearly costs! I just want it to stay as reasonable as possible. If I am in fact doing whats most reasonable(which I doubt) then I will make my pick based on what I've found so far.
Thanks for any help offered:smile:
I'm getting my P90D soon and have embarked on the quest for insurance. I currently have Geico and after almost suffering a heart attack when quoted for adding the P90D on to my policy(an extra $2500 per 6 months), I've decided to move on and find something a bit more accommodating. I currently have only one other car that will share insurance policy with the P90D, a 1998 Buick Regal(YEAH ITS DEFINITELY TIME FOR AN UPGRADE).
I have seen some miraculous P90D insurance quotes on forums like $700 per year from Liberty Mutual. While I understand this may be a quote for only a Tesla on a policy by itself, but pardon me that's insanely low. I was quoted a very unattractive $5k-$6k/year(about $500/month) from Liberty Mutual, and similarly from other insurers like progressive, etc.:crying: Really, does having both of my cars on the same policy hurt me so much? I thought insurers liked that and gave nice discounts for it.
I currently live in the Gulf States area, Louisiana to be exact. Not sure how much of a difference it makes but, the Tesla's are as uncommon as snowstorms here(the way I like it actually). But does that affect my insurance costs?
As it may be obvious to see by now, I am no insurance buff. I pretty much go with the status quo with the limits I choose for my policy. That said, I did drop all extra coverage from my Buick when making quotes, since I plan to be driving it alot less.
Here is a list of the insurance limits I've been using for quotes:
Bodily Injury - $100k/$300k
Property Damage - $25k
Uninsured Motorist: $100k/$300k
P90D Coverage
Comprehensive - $500 deductible
Collision - $500 deductible
Regal Coverage
none
Somehow the above configuration always ends up giving me a very large monthly/yearly cost. Is something wrong with the limits I've chosen? Please feel free to critique and let me know! Also, please feel free to share your insurance configuration as well as your monthly/semi-yearly/yearly costs! I just want it to stay as reasonable as possible. If I am in fact doing whats most reasonable(which I doubt) then I will make my pick based on what I've found so far.
Thanks for any help offered:smile: