I was logged into my account today and noticed the Tesla Insurance option which caught my eye. For kicks, I entered coverage amounts and got a quote that turns out is insanely cheap to the point I am questioning all of it. I have USAA and pay around $1,600 per year with pretty solid coverage limits and USAA has always been significantly cheaper than the other big names.
This Tesla quote for 6 months is HALF that with more than double the coverage limits. It seems way to good to be true. Does anyone know if the quote algorithm just reflects the most favorable quote automatically without doing any underwriting? That would make more sense and also would undoubtedly result in an "adjustment" in the next 3-6 months once the full-blown underwriting is done. I'm a bit concerned about a bait and switch scenario.
Secondly, for those that do have it, how were your experiences with filing claims? Painless or lots of "gotchya's"?
USAA I've been with for years and whenever a claim came up it has been insanely easy to deal with them and the claims process. I'm hesitant to discontinue my existing policy and click the "Buy Policy" button because the whole thing seems way too simple and so cheap. Something has to give. Any comments/info people that have experience with it are very much welcome.
Thanks
This Tesla quote for 6 months is HALF that with more than double the coverage limits. It seems way to good to be true. Does anyone know if the quote algorithm just reflects the most favorable quote automatically without doing any underwriting? That would make more sense and also would undoubtedly result in an "adjustment" in the next 3-6 months once the full-blown underwriting is done. I'm a bit concerned about a bait and switch scenario.
Secondly, for those that do have it, how were your experiences with filing claims? Painless or lots of "gotchya's"?
USAA I've been with for years and whenever a claim came up it has been insanely easy to deal with them and the claims process. I'm hesitant to discontinue my existing policy and click the "Buy Policy" button because the whole thing seems way too simple and so cheap. Something has to give. Any comments/info people that have experience with it are very much welcome.
Thanks