Tesla Insurance renewal just went up $500/yr

[electricjoe]

Time to dump Tesla Insurance?

Last 6 mo premium was $710, just got notice this morning it renews for $950. Nothing changed:

Driver 1:
*Traffic Violation Points: 0
*At-fault Accident Points: 0
Years of driving experience: 37
Driver-related discounts applied: Elite Driver

Driver 2:
*Traffic Violation Points: 0
*At-fault Accident Points: 0
Years of driving experience: 25
Driver-related discounts applied: Elite Driver

TESLA MODEL Y LONG RANGE:
Estimated annual mileage driven: 8000
Previous annual mileage: 8000
Vehicle use: Short Commute: 0 - 14 Miles

Thoughts here?

 

[DBeckwith]

Time to dump Tesla Insurance?

Last 6 mo premium was $710, just got notice this morning it renews for $950. Nothing changed:

Driver 1:
*Traffic Violation Points: 0
*At-fault Accident Points: 0
Years of driving experience: 37
Driver-related discounts applied: Elite Driver

Driver 2:
*Traffic Violation Points: 0
*At-fault Accident Points: 0
Years of driving experience: 25
Driver-related discounts applied: Elite Driver

TESLA MODEL Y LONG RANGE:
Estimated annual mileage driven: 8000
Previous annual mileage: 8000
Vehicle use: Short Commute: 0 - 14 Miles

Thoughts here?

What state?

 

[ATPMSD]

Depending on the State the car is registered in, it could be the result of your Safety Score

Tesla Insurance Using Real-Time Driving Behavior | Tesla Support

Tesla offers insurance using real-time driving behavior. This is currently available to all Model S, Model 3, Model X and Model Y owners in select states.

www.tesla.com

 

[electricjoe]

I'm in California

 

[electricjoe]

Safety Score (beta in California, not currently impacting premiums):

97

 

[Nikon201068]

Time to dump Tesla Insurance?

Last 6 mo premium was $710, just got notice this morning it renews for $950. Nothing changed:

Driver 1:
*Traffic Violation Points: 0
*At-fault Accident Points: 0
Years of driving experience: 37
Driver-related discounts applied: Elite Driver

Driver 2:
*Traffic Violation Points: 0
*At-fault Accident Points: 0
Years of driving experience: 25
Driver-related discounts applied: Elite Driver

TESLA MODEL Y LONG RANGE:
Estimated annual mileage driven: 8000
Previous annual mileage: 8000
Vehicle use: Short Commute: 0 - 14 Miles

Thoughts here?

Did you ask them (Tesla Insurance) why the increase?

 

[electricjoe]

Update: just got off the phone (on hold for 1hr), they claim the last 6 months was under the rate I should have had and the new rate is accurate...

That said, while on hold I did run a few comparisons - in my case the rate we receive from Tesla is in fact on the lower side.

 

[ChaoticNeutral]

Even when my safety score is high my premium keeps increasing. Last month my score was 90 and my premium is going to be higher next month with a score of 96. It doesn’t make any sense.

 

[ItsNotAboutTheMoney]

Update: just got off the phone (on hold for 1hr), they claim the last 6 months was under the rate I should have had and the new rate is accurate...

That said, while on hold I did run a few comparisons - in my case the rate we receive from Tesla is in fact on the lower side.

By "should" they mean "we should have made more money off you."