Got a notice from Tesla insurance saying that starting next month my premium is going up. So I called them today and was told I had been mistakenly given the employee group discount, in fact everyone got this discount and now they are correcting it. Seriously Tesla, bait and switch maybe?! How could they not know that they gave everyone this discount and fix it right away? When Tesla insurance first came out they were higher than my previous insurance provider, because it was bundled with my home owners insurance and other vehicles. Then I after a bit I checked Tesla insurance again and it was lower, so I switched coverage to them. So now I'm thinking they might actually be higher than what I had before and will be calling my previous insurance provider. Thanks for the bad experience Tesla!
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Tesla Insurance Premium Increase
- Thread starter Resist
- Start date
Yeah that's pretty egregious. If "everyone" was on the employee group discount then I think its immediately time to get consumer protections involved. Sniffs of a total scam after the market collapsed and Tesla's financials aren't look so good.
Does the premium go back down when you drive less? Asking because we drive very little until we take a cross country road trip.
a.deodatus
Member
I mean, are you driving more miles than originally estimated? I had to insure a 2019 Model S Long Range for about a month (I had bought another car and it took a month to sell the old one). Under Tesla Insurance, I dropped the miles to the absolute minimum and was paying around $40/month. If I had started driving it again, of course they would have increased my premium to at least $120+.
a.deodatus
Member
Currently $162.24 a month in Colorado. 21,000 miles a year, $1000 deductible, 99 safety score.
Car is a 2020 Tesla Model S Performance Ludicrous+.
Silicon Desert
Well-Known Member
I'm hoping you know there are a lot more variables involved in setting your rate than just the car you drive and the state you are in
Well obviously but he has a 99 score so I assume that puts him at the lowest premiums possible and I doubt he is under the age of 25I'm hoping you know there are a lot more variables involved in setting your rate than just the car you drive and the state you are in
Can you have a 99 safety score with accidents on your record?
Silicon Desert
Well-Known Member
Good question. Actually, I suspect yes you can have a 99 safety score with "previous" accidents on your record. So no, the safety score alone does not put him in the lowest rate. Assuming things isn't the right answer.
I was trying to point out that rates are not just about the car, the rate, and your state. The wife has dealt with this stuff for decades and she states some of the other factors not mentioned above that affect rates such as the types of coverage and the amounts of each item on the policy, actual city (not state) where one lives (zip code), age of the driver, length of driving record, annual mileage, moving violations (which the safety score does not know about), being retired or not retired (regardless of mileage), male or female, married or single, and in some cases even your credit rating, and likely some other factors she forgot to mention.
It's just some of the reasons why it makes no sense for one person to judge the rate of another person on here because they don't know all the personal details of the other person.
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a.deodatus
Member
Actually, I am 19 years old. So that is why my previous insurance rate was so high.
I don't know. It seemed like they did the mileage assessment taking into account my driving data from multiple months. Not just one month. So, if I drive less for multiple months, the premium will probably go down.
To be clear, I am not against this. It is just that, I didn't expect the premium to almost double due to miles driven alone. Especially because my actual miles driven is only slightly higher than the original estimate, and definitely not double.
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