Jun 19, 2012
swegman Got a phone call from my insurance company today (Amica Mutual) that the Model S is finally in their system for underwriting. When I called about 6 weeks ago, they told me the car was not yet in their database, but estimated the cost for insurance at between $1000 and $1100 (if I recall correctly). Today, they called and informed me that the Model S was added to their underwriting database, and the cost for insurance for 1 year will be $1808/year. That is the premium for adding the Model S as a fourth car with 2 adult drivers in the family. For comparison, our Toyota Prius is about $750/year, our Lexus is about $900/year, and our Mercedes sports car is $950/year. The Model S is twice as expensive as our other cars. The agent said the rate is based on the fact that the car has no theft/accident history, and they are concerned about break-ins to steal the 17 inch display, among other items of the car. Not happy with this news.�
Jun 19, 2012
kevincwelch Most disappointed in this news...�
Jun 19, 2012
TEG I bet that 17" display will be all but useless when removed from the car.
It isn't like they have an iPad in there - it is purpose built hardware.
Sounds like your insurance company is starting out with a "let's assume worst case" plan with the idea to adjust down later as they learn from experience.
I think some other insurance companies start out low on new models, and raise if they have to.�
Jun 19, 2012
Trnsl8r I had a different experience. My state farm agent quoted me in the mid 700's, less if not primary vehicle. That was for a non-performance 85kwh. Think you need to shop around...�
Jun 19, 2012
Todd Burch Yeah sweg...sounds like your insurance company is out to screw you. I'd advise you to look elsewhere...or at least threaten it, and see if they respond.�
Jun 19, 2012
brianman Saw that one coming. I think I even mentioned it when we were discussing the Model X unveiling.�
Jun 19, 2012
Right_Said_Fred The risk of car theft will be much lower with a Tesla. Most thieves will walk away because they don't 'know' the car and how to get it started, because they are afraid they will stick out among other cars on the road, or because - if they do know it's electric - they are afraid they will run out of battery power (most people are ignorant to the range of the Model S). So a lower rather than a higher insurance premium would be fair.�
Jun 19, 2012
Grendal It's probably been discussed before but I'd bet if the car were somehow stolen that Tesla could find it immediately. Think of it as built in lo-jack. Has this been discussed before?
And back to the topic, you absolutely should talk to a different insurance company and get a quote for switching all your cars over, then take that quote to your company.�
Jun 19, 2012
tdelta1000 I agree TEG.�
Jun 19, 2012
jimbakker666 I think a rumor should be started out on the street that the nav displays inside Tesla EVs are electrified and when tampered with, produce an electric shock strong enough to incapacitate.
Actually, screw the rumor. I think the cars should just come with that as a standard option
Sorry to hear that about the insurance rates. As others have said, I'd suggest shopping around at least to see what other places offer.�
Jun 19, 2012
Lyon Time to start shopping around for a new insurance company... seriously, they're trying to hose you.
Frankly the rates for your other rides seem pretty high to me... then again, they vary so much by location...�
Jun 19, 2012
Grendal They're definitely trying to screw you because they don't know anything about the car. It has an all around 5 star crash rating which should mean a lot to them. Other companies will be hungry for your business - 4 cars.�
Jun 19, 2012
KeithE Who was that insurance company? Has anyone checked with usaa yet?�
Jun 19, 2012
Lyon No kidding. The expensive thing to insure against isn't replacing the car it's medical expensive for the people who're hurt in an accident.�
Jun 19, 2012
jomo25 Rates vary significantly state to state. But in general, there is little benefit of being "loyal" to your insurance company IMO. Unless you get some sort of significant savings by having a policy that covers lots of different things (life, auto, boat, home, etc.) it doesnt pay to stay with one nowadays. In many cases, they repackage your policy via different entities anyways. I'As others have said, i'd shop around.�
Jun 19, 2012
CapitalistOppressor They are worried about theft of the display console??
It's not an IPad, its a touch sensitive screen. It's likely that the CPU isn't even integrated and it's not like there is a consumer market for it. You can't take it to McDonalds to use the free WiFi because a.) It doesn't have WiFi capability, and b.) It doesn't have a power source, and c.) It will have wires and junk dangling from the back of it. And even if it has all of those things it doesn't have a consumer operating system installed and consumer operating systems don't have drivers for all of the proprietary equipment.
Of course some crack head might rip it out anyways, but once he finds out its useless and has no street value he'll tell all the rest of the crack heads in the world and they'll stop trying.
Personally, I think your insurance company assumes that if you are willing to pay what they assume to be a huge premium for an electric vehicle, you'll be willing to pay through the nose for coverage. They are soaking you basically. Try shopping around.�
Jun 19, 2012
SCW-Greg I think there maybe some apples to oranges comparison here (or maybe not). Most insurance companies quote per 6 months, as I would expect the State Farm is doing, but Swegman is saying his quote is for the year. Translated = $904 / 6mo. Still sounds pretty darn steep.
I called my Allstate agent, and they still don't have it in their system yet. They did have the Fiskar Karma, and if the Standard is priced at $110,000 (I'm guessing at the price), then the insurance would be $1100 every 6 months. My agent thinks the Model S may fall in around the $580 to 640 range - based on a $60k value. I didn't get a chance to ask him about an $85k priced S.�
Jun 19, 2012
Thumper I called State Farm, and they gave me a quote of $490 for 6 mo. This is less than my Safeco policy now on a 2003 Passat wagon.�
Jun 19, 2012
gg_got_a_tesla My experience with Liberty Mutual was similar to Thumper's with State Farm. My current premium of about $950 for 12 months for 1 car ('08 Mini Clubman) and 2 drivers is going to go up to about $1,950 for 12 months.
My agent indicated that it'll primarily be a function of the price of the car (the quote was for $80K).
Yup, loyalty means jack. After ten years of ever-increasing premiums with AllState (sure, my driving record wasn't particularly clean), switched to Liberty Mutual last year and saved more than 30% on the premium.�
Jun 19, 2012
AnOutsider I'm with Liberty Mutual and my agent actually recommend switching providers every few years to get the best rate. I guess things tend change, and if rates drop not all agencies pass that on to the customer.�
Dec 7, 2012
Robert.Boston It's very prudent to have a $1 million umbrella policy; such a policy sits over all your vehicle and home policies. The terms of the umbrella policy dictate what the coverage needs to be in the underlying policies.�
Dec 7, 2012
Lyon At least. I carry $5mil. It's (relatively) cheap if you carry a decent level of coverage in your auto policy.�
Dec 11, 2012
KenEE My current company quoted $2200/yr. So I called GEICO and got me and my wife on the MSP with upgraded property and injory totals for $434/6 mo.
Got my emailed card right here - took ten min.�
Dec 12, 2012
kendallpb I just had a crazy experience with Progressive. Tesla's not in their system and the first person quoted me roughly $3000 for 50/100/50, etc. coverage. WOW! I'm not sure what her role was--not an underwriter (she couldn't even advise on the coverage I had, but I forget who she said I'd have to talk with...not an underwriter but some other type of role).
I called back, annoyed and wanting that "we'll quote our competitors" thing they do. Apparently they only do that for new people (or new quotes?), but I was shuffled to an underwriter, who had to call me a couple of times while researching my quote (after getting the basic info from my account and a few more details from me). She was baffled how the original quote had been done without being asked the value of the car! ;-) For value, I had to admin $93,300 (she wanted tax and title included, but not tax credits).
Long story short, the absurd $3000 quote dropped to $1435/6 months when she updated my old policy--apparently grandfathered and without all the cool stuff they do now. I hate insurance companies....
But then with a couple more Qs, she quoted me a final $699/6 months as a new policy (including paid-in-full discount)! Not as good as my $533/6 months on the 2000 Miata, but tons better than the absurd $3000 or even the $1435 "updated existing policy" quote.
That's not counting a $18 discount for paperless, raising my comprehensive deductible, and adding $28 new "full glass" coverage (essentially $0 deductible for comprehensive for glass, which I'd never heard of).
So it's not as good as Todd's $1070/year Progressive quote for two cars ;-P and I will check Geico and USAA (my other half's on USAA and multi-car apparently helps a ton; if I kept the Miata, the combined rate would be $868/6 months).
So my lessons learned, which I knew but didn't realize would affect things so much, are (a) talk to an underwriter and (b) have any quote rewritten as a new quote. Sheesh, this should just be automagic.
- - - Updated - - -
Whoops, ignore that part; the multi-car/one-person discount is huge, but it's just like 10% or so savings with the two of us with two cars...still, worth me checking out.
- - - Updated - - -
Geico online quote (not sure how accurate those are) is $891/6 months. ;-( They make me claim my other half, though, unlike Progressive, and also we've each had a speeding ticket in the past few years but Progressive doesn't seem to care (or it just doesn't affect us as much, or maybe they just haven't noticed yet?)...hmm.�
Dec 12, 2012
Robert.Boston I strongly recommend the $0 deductible on glass. That's the only claim I've ever made on my BMW policy, and I've used it to buy 3 new front windshields -- for free. Stone chips, etc are all too common around here.�
Dec 12, 2012
kendallpb Same here! It's got to be the most common comprehensive claim out there. I'm surprised, but thrilled, they have this. Geico doesn't appear to.
And I figured out Geico's quote; they are really sticking it to me on the collision deductible; a $500 deductible costs $431.58 for the Model S, while Progressive's $500 deductible costs only $180. Some of that may be due to Progressive letting me exclude my other half, but still.�
Dec 12, 2012
cinergi Weird. I selected Tesla Model S online when signing up and encountered no issues. That would be nuts if having a make/model in their system would be state-specific! (the *rates*, yes, but the car?)�
Dec 12, 2012
kendallpb When I tried it a few days ago, it wasn't an option on the web site, but I was logged in and I don't remember just how I got to the page. When I called, I spoke with two people--one, an underwriter!--and both said it wasn't in their list! But looking at the site right now (and it's creepy that going in anonymously, it pulls up the cars at my house...only one of which is insured by them!...), I do get it via their Flash interface. The interface I used before was different though, as a customer, didn't look anything like the one I get from progressive.com. Maybe that's why?
I dunno, I think they are a confused company and I am a confused customer of theirs. ;-)�
Dec 12, 2012
strider Just visited my Allstate rep here in the Bay Area. Model S is $692/6 months as a daily driver, 12k miles/year, 100/300/100 and $1k deductible, clean record. For reference, Roadster is $742/6 months, same coverage.�
Dec 13, 2012
kendallpb Erie (who can't give me a quote without a VIN, huh) said that speed cameras don't count, only real in person ones. So I redid the Geico online quote out of curiosity and now it's $661, a little less than Progressive (but ultimately not enough to make me change, methinks, given the "full glass" option from Progressive and a little customer loyalty on my part). ;-) Still gotta check USAA though.�
Dec 14, 2012
jandkw I live in NC and my current insurance Co., AllState quoted me $607/6-months, State Farm, $450 and Geico $254. In addition, Geico quoted my other 2 cars about 50% less with my family good driving records. I know which insurance company I will go next.�
Dec 16, 2012
Raven5000 Best insurance for my model s!
I would like some opinions on what auto insurance companies are the best, regardless of price! I want the best coverage I can get including if my friend drives the car and crashes it, knock on wood! I heard Geico and Progressive are good. My dad always had AAA but I don't know if I like them. I have Safeco now which I don't think is good enough. I want the best for my baby! Any help would be greatly appreciated! Got my first call from my DS yesterday so I'm putting all my ducks in a row to be ready for the car. Soooo excited! Hard to sleep!:biggrin:�
Dec 16, 2012
steve841 Insanely covered...
Model S Insurance�
Dec 16, 2012
MarkR The quoted rates are especially interesting in light of the J.D. Power Customer Satisfaction Survey that rated Allstate toward the bottom and both GEICO and State Farm in the mid-range. The Hartford, Liberty Mutual, and American Family were the top rated car insurance companies http://www.forbes.com/sites/jimgorzelany/2012/05/11/auto-insurance-companies-with-the-most-satisfied-customers/ .�
Dec 16, 2012
kishdude Live in Arizona. I was quoted $1100/6 months by my original insurance company American Commerce, but then I got a great rate from Progressive - $490/6 months. In fact I switch all of our 4 cars and 3 drivers (including my 16 year-old daughter) to Progressive for about $1700/6 months which was less than I was paying for American Commerce for only 3 cars without the Model S.�
Dec 16, 2012
GasDoc I don't have my car yet but I called USAA to find out what my rate would be once I got it. Some of the postings here had me concerned.
They quoted me $630/6 months. I'm in California and carry a $500 deductible. Estimated 8000 miles/year.�
Dec 19, 2012
Beach My delivery is scheduled for next week. I've got a Model S performance coming and I live in Southern California. I've been with AAA auto insurance for over 15 years, but their quote was insane. Here is what I got today:
AAA = $2750 / yearWawanesa - $1643/year
GEICO = $1425 / year
I kept my other 3 cars on AAA, but the Model S will be on GEICO. This is for 100/300 BI coverage, 50 property, 100/300 Uninsured Motorist, and $500 deductable.
A lot of companies are struggling to finance and insure the cars, since they are so new.�
Dec 19, 2012
kendallpb Thanks for the info. AAA is on my list since they claim I'll get some big % off due to being a member for so long. Otherwise I wouldn't have thought of them (despite being a member! I know, I'm a dork). ;-)�
Dec 21, 2012
Shurhold My agent said I can not get a quote with out a VIN. How are you all getting quotes?�
Dec 21, 2012
kendallpb What company? From the ones I've looked at online and spoken with, some seem to require it and some not. The Progressive underwriter didn't need one; I think USAA's site required it (I may be misremembering--might've been another company). I don't know why they'd need one unless they just can't trust someone when they say "it's a Tesla Model S year 2012" or whatever (some kinda legal/liability thing their lawyers require). I'm sure once I go to start the insurance they'll require the VIN.�
Dec 27, 2012
mcornwell Doing an online quote from Geico for our 2 existing vehicles (Toyota Tacoma pickup and Chevy Volt), plus the P85 Model S, is over $500 less that what AAA is charging is for 2 vehicles ($2127 vs. $2647).
I'm on hold with AAA, who can't seem to find the Model S by VIN, or even by looking up Tesla. Geez, I can't be the first of their insured to try to get a quote for one, can I?
After 27 years with AAA, it looks we will be saying goodbye to them. Their service is great, but their prices have shot up over the past few years, and though I would pay a small premium to stick with them, I'm guessing even if they do find the car, it will be about $1250 more a year to stick with them.
EDIT: AAA finally came back and said the policy for the 3 cars would be over $5200! Insane!�
Dec 27, 2012
GDH Did an online quote from Geico......$75 a month for full coverage, that's cheaper than my fully loaded Volvo with Progressive. That's for the 40 battery.�
Dec 27, 2012
Lyon I thought I was all set to buy coverage through Progressive, but when I called the broker today to activate the thing they ran into an error in the process. They were able to use my VIN to get a quote but when they went to purchase the coverage the VIN was invalid... I'm going to talk with them tomorrow and hopefully they can iron it out.�
Dec 27, 2012
JakeP I used Geico for around $350/6 mos...half of what USAA quoted me, and I have been with them for a dozen years.�
Dec 27, 2012
GDH You should cal Geico before paying for Progressive�
Dec 27, 2012
Brian H Y'know, it begins to sound like the whole industry operates on WAGs; there is no rational metric or standard that could account for such discrepancies. So the customers' best strategy is to survey the field, every time, and see who is guessing low.�
Dec 27, 2012
ckessel I can't fathom why, but removing my RX8 and adding my Tesla reduces my insurance premium fairly significantly (Progressive insurance). I'm going to quietly hope it stays that way...�
Dec 27, 2012
ModelS1079 Went with Geico. My fleet of cars was $1732 for over 240K miles, now it is $1595 for under 50K miles - two cars - including the Model S of course. Was easy.�
Dec 28, 2012
Brian H What does it cost to maintain/repair the rotary? Could be the "track record" of the car is kinda pricey.�
Dec 28, 2012
Nikoli I just saved $400 a year by switching (back) to Geico. $750 6/mo with 4 cars and increasing the coverage limits to the max. Was previously with Travelers and I also tried Progressive.�
Dec 28, 2012
pete8314 Just for the record, Esurance does not insure the Model S...I just switched to them from 21st Century/Farmers for our current 2 cars to save around $400 per year, but I guess it'll be a short-lived relationship.�
Dec 28, 2012
GDH Esurance is Allstate, which blows.�
Dec 31, 2012
DrTaras I too am in So Cal & have been with AAA for a LONG time! I'm at BI 500K/500K, Property 100K, UI 100K/300K & $500 deductible with 15K annual miles...
I just added my MSP to my AAA account...
(with all my good this and that discounts as well as long time sucker discount and multi-car & homeowners discounts, etc.)...
$2,396/yr!
Maybe I need to do some shopping now?
Of course, THIS may have to do with my high premiums...
http://www.teslamotorsclub.com/showthread.php/3409-Tree-Hugs-Roadster-Owner/page2?p=39138&viewfull=1#post39138
Tree-Hugs-Roadster-Owner: ... "Both of those added value to what AAA was going to give me for the totaled car. In fact dollar for dollar, I got about 25% MORE than I paid for the car"
The good news is that, as an end user, AAA was VERY good to me.�
Dec 31, 2012
Raven $82/month for full coverage, $500 deduct, etc., with State Farm. My location likely plays a role in that.�
Dec 31, 2012
Ceilidh
If cost is no object and customer service and responsiveness are primary, then Chubb is fantastic. I would summarize them as insurance for extremely wealthy people, which they basically specialize in.
I have no association to Chubb. My father worked in business insurance for nearly 30 years before a total career change, and although he is nowhere near wealthy, he places a premium on insurance service after all his years in the industry. He has had Chubb insurance on his home and cars forever and would never switch.
I never have paid for Chubb because they were always so much more expensive than other companies, but my father has always nagged me with: "you get what you pay for"
Hope that helps
Cheers�
Dec 31, 2012
giants2001 reading previous posts, it seems like geico has fairly reasonable rates. just did an online quote for a 60kwh and got $85 a month. just the fact that they had the 60kwh battery size as an option has got to be a good sign....right :wink:�
Dec 31, 2012
MikeK Got a reasonably competitive quote ($840/6mo) from Farmer's, plus adding auto to my existing homeowner policy dropped my homeowner policy by several hundred dollars. This is for a high limit policy with various bells and whistles and $1000 deductibles.�
Dec 31, 2012
GDH Did you get a quote from Geico?�
Jan 1, 2013
logan Quote I just got from Geico on my 85kWh Performance:
$300k/$300k bodily injury
$300k/$300k uninsured/underinsured motorist
$100k property damage
$30/Day, $900Max rental reimbursement
$500 comprehensive and collision deductible
Full coverage for emergency road side
12,000 annual miles
$729 /6 months.
I currently have six other vehicles covered with Geico.�
Jan 1, 2013
HFh I get anywhere from $650-699 depending upon options for six months. I gather you like Geico?
My current insurer is MetLife and they don't know what a Tesla is, so....�
Jan 1, 2013
logan I've had Geico for years and have always had good experiences with insurance claims so I stick with them.�
Jan 1, 2013
GDH If you are with PenFed Geico gives a discount.�
Jan 1, 2013
Sandy S I insured my Model S Performance with two additional cars and my home with the Model S cost of the policy approximately $1,500.00 per year. I am in Michigan. Insured through Encompass.�
Jan 2, 2013
ElSupreme I have had GEICO for about 5 years now, switched yesterday to Progressive because their rate was much better than GEICO's for my model S (same limits as logan). Plus GEICO wouldn't do gap insurance. I am paying about $780 for 6 months for the Tesla and a 2007 Civic (in Atlanta, garaged car) with gap insurance on the Tesla.
My GEICO quote was about 800 for the Tesla, and 100 for the Civic.
I really liked GEICO. They were always helpful and easy to get a hold of. Lucky for me no claims in that period.�
Jan 2, 2013
SouthJerseyJon I financed through PenFed and added their GAP insurance for $395. It seemed like a good price to me.�
Jan 2, 2013
jerry33 The one and only time I used Geico they charged $1400 for six months compared with Progressive $500 for six months. I'm not a Geico fan.�
Jan 5, 2013
jp158 I called 21st Century and they don't list the car. The operator checked with management, and stated that aren't enough vehicles made as yet for them to provide a policy! Bad News for us at this time!�
Jan 5, 2013
SteveH Spend a lot of time insurance shopping yesterday and ended up disappointed. I was hoping to keep my home and auto insurance together, but since I have an unusual house, and soon an unusual car (or at least not yet mass-market) it doesn't look like it's going to be possible. (Notes below apply to Texas, insurers have very different pricing and approaches for different states)
* Allstate- Been with them for years and been very happy, but they didn't have the Model S in their system and wanted $2000 more a year to cover it than most competitors.
* Geico - Had the Model S in the system and the best price to date on the Model S and other cars, but they don't work with an underwriter who will work touch my house.
* State Farm - Just increased Texas home insurance rates by 20%. They did have the MS in their system, but at a higher rate than Geico.
* Farmers - Had the MS in their system, but at a rate 3 times what Geico offered.
* Progressive - Had the MS in their system and the pricing is close to Geico, but not quite as good. They would insure the house, but jacked the deductible for hail damage up so high the insurance was practically useless except for a fire.
At this point I gave up and went to an independent insurance agent. Hopefully they can find some better options otherwise. I'll let you know next week. If they can't find anything better, I'll probably move my auto insurance to Geico and leave my homeowners with Allstate. Hopefully by the time I renew Allstate next year will have their act together when it comes to Tesla.�
Jan 5, 2013
HFh Almost exactly my situation except I'm in Georgia and with MetLife. I suspect I will end up with Geico for the Tesla and keep the house and the other car with MetLife.�
Jan 5, 2013
jerry33 I have MetLife on the house as well (TX) haven't been able to find anyone that beats MetLife by more than $10. Right now the cars are Progressive and have been for several years (ever since Geico screwed me with their rates). I'll see what Progressive will do for me.�
Jan 5, 2013
SteveH My Allstate agent was understanding that I wouldn't be able to stay with them for auto at that crazy price, but he did warn me that Geico's collision coverage, unlike Allstate, doesn't provide cover you if you loan the car to someone else and let them drive it. That does give my pause since I was hoping to let plenty of others drive the Model S. I want to help sell more Teslas, but I don't want to have to pay out of pocket or deal with issues trying to collect from a friend if they get in a wreck while giving a run around the block.
Does anyone know about how other insurers handle this?
EDIT: As logan pointed out below the information I received from my Allstate agent about Geico was false. I called Geico back today and the collision coverage will cover any driver who has the owner's permission to drive the vehicle.�
Jan 5, 2013
Larry Chanin With regard to Allstate, my Allstate agent (in Florida) couldn't find the Model S in their system either until she looked under 2012 rather than 2013. The rates were very reasonable even with low comprehensive and collision deductibles.
Larry�
Jan 5, 2013
SteveH Thanks Larry! I'll call them back on Monday and ask them to run it as a 2012 model.�
Jan 5, 2013
jp158 Hey Swagman in the Northeast "Progressive" around 750.00 1/2 year, and the car is on a pulldown menu.�
Jan 5, 2013
bbmertz It would be difficult to determine what your exact premium would be based on the quotes listed in this forum, since insurance rates vary based on a variety of factors including state/county, claims experience, number of drivers/cars, multi-policy discounts, policy limits/deductibles, etc. Nevertheless, it is helpful to hear from others on this forum regarding their experience with different carriers and the comparative differences in rates for the MS. In my case, USAA quoted me $733 for six-months, which was about $100 lower than State Farm.�
Jan 6, 2013
DrTaras Thanx for all your posts. It seemed like GEICO was the best and they also are amongst my favo(u)rite commercials and its easy to online quote me. Of course I had to use my aforementioned accident and so my apples to apples quote was for $2,378/yr. I'll stick with AAA for the $18!�
Jan 6, 2013
logan That is INCREDIBLY untrue. My Geico insurance covers anyone who drives any of my cars.�
Jan 6, 2013
SteveH OK. I'll verify it with my local agent. Thanks.�
Jan 6, 2013
andrewket I don't know the answer to this question-
Can you cover car 1 with insurer A and car 2 with insurer B? Or do insurance companies have clauses against this? My guess is you would end up with double liability coverage and therefore it should price out unfavorably. But with the wide range on premium quotes on the S right now, who knows?
I had usaa for 7 years but they were no longer competitive. I switched to Allstate who I had used previously.
A�
Jan 6, 2013
strider Just amazing how messed up these companies can be state to state. A month ago I waltzed into my Allstate agent's office here in NorCal and they pulled the Model S right up (even noting it was Performance which I'm sure didn't help my rate) and charged me $659 per 6 months. I can see the rates being different but you'd think they'd share a computer system and so would at least list the car. Weird.�
Jan 7, 2013
fiksegts I was quoted $140/month in south florida for the Model S performance from USAA, clean record, 38 years old... 5 other cars on the policy...�
Jan 7, 2013
Larry Chanin As I explained to Steve in posting #232, the problem might be that the agent tried looking up a 2013 model and not a 2012 model.
Larry�
Jan 8, 2013
SteveH Larry - Thanks again for the suggestion. I asked the agent to find the car under 2012 and she was shocked that is was there. As you mentioned, the price was competitive. Almost as low as Geico and when you add the multipy policy discount that I can't get with Geico because they won't cover my home Allstate wins with a very reasonable rate.
Thanks again!�
Jan 8, 2013
nrcooled USAA hooked me up yesterday and added my Model S to the policy. It came out to be $25 more a quarter veruses my 2002 Honda S2000. Overall the car is not bad to insure.�
Jan 8, 2013
tdiggity That sounds like an awesome price!�
Jan 8, 2013
swegman I called my insurance company (Amica) yesterday. The still don't have the car in their database and said they need to contact underwriting. They told me they would call back in about 30 minutes. No callback yesterday or today. Will call them on Wednesday to see what is going on. Can't believe they can't locate the car in their database.�
Jan 9, 2013
Rodolfo Paiz Just called Geico, and the gentleman with whom I spoke said they do not write policies on electric vehicles... ANY electric vehicles. I asked him to check with his supervisor, and to specifically mention Tesla, and he came back with the same answer. Was very nice about it, but it was a very clear "no way". Does anyone already have Geico insurance for a Tesla in this group, or has had a policy quoted for a Tesla?�
Jan 9, 2013
jchangyy
That's very interesting. I went to Geico website and got a quote for Tesla model S at approximately $1200 a year. They had Tesla model S on their website. This is in California.
Below is an excerpt from an email that I received from geico for the quote for the Tesla model S.
Here are the details of your GEICO General Insurance Company quote.
Coverage Limits Premium
Bodily Injury Liability(BI)
2013 TESLA S 85KWH $300,000/$500,000 $96.00
Property Damage Liability(PD)
2013 TESLA S 85KWH $100,000 $89.70
Medical Payments(MED)
2013 TESLA S 85KWH Not Included N/A
Uninsured & Underinsured Motorist
2013 TESLA S 85KWH $300,000/$500,000 $29.30
Comprehensive(COMP)
2013 TESLA S 85KWH $500 deductible $96.30
Uninsured Motorist Property Damage
2013 TESLA S 85KWH Not Included N/A
Collision(COLL)
2013 TESLA S 85KWH $500 deductible/Collision Deductible Waiver $327.50
Emergency Road Service(ERS)
2013 TESLA S 85KWH I accept this coverage/No deductible $4.70
Rental Reimbursement(RR)�
Jan 9, 2013
SteveH Geico was very happy to give me a very good estimate for insuring the Model S n Texas.�
Jan 9, 2013
logan
That guy must be out of the loop. Tons of people in this thread have quotes from Geico (like myself).�
Jan 9, 2013
DJ Frustration I know it's not apples to apples because I have no idea what coverage levels you were quoted but I too have a clean record and live in South Florida. My quote was $615.60 for 6 months from Geico.�
Jan 9, 2013
DrTaras The problem is obvious (tongue and cheek) & here it is...
Humans are not to be trusted. Whenever you can take them out of the loop and do something online, take that opportunity! :biggrin:�
Jan 9, 2013
brianman WarGames (1983):
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Jan 10, 2013
ElSupreme I too got a quote from GEICO my previous insurer. I ended up going to Progressive.�
Jan 10, 2013
swegman I am having problems getting a quote from my insurance company, Amica. The Tesla is not in their system. They have to go to underwriting. They told me they do not normally insure $90K plus cars. Then underwriters came back with a quote of about $2K/year, but it is for the Roadster. Still waiting to hear re: the Model S.
I like Amica, but may have to look elsewhere. What insurance companies do people in Maryland recommend.�
Jan 10, 2013
Enadler Just to add another company in the mix. I have been with Travelers for years. I have my home and 2 cars and the Model S will be a third car. I was quoted $665/ 6 months.�
Jan 10, 2013
Rodolfo Paiz I did start the quote online, actually. I only called when the online system didn't have "Tesla" listed as one of the options when selecting my car's manufacturer.�
Jan 10, 2013
gg_got_a_tesla After getting my VIN, got a quote from my Liberty Mutual agent; for two drivers and two cars now, a delta of $890 for 12 months. $500k liability coverage and such. Not shabby at all.�
Jan 11, 2013
Joyrider This response from Geico totally mytifies me. I have been a more than satisfied customer with Geico for over 25 years. When I called they just needed to know what size battery pack I was getting and what coverage I wanted...no problem.�
Jan 11, 2013
jcadman22 I'm also an Amica customer in MD and just got a quote of $958 a year which is about what we're paying for our two cars (Prius & Odyssey) now. I called last week and got the same story - someone from underwriting will call you next week. I called the national office again today since no one has called back. Since I don't have my car yet, I gave them a VIN found in the forums just to get a quote. I tried to finagle the VIN to what I *think* mine might be and their system was smart enough to know better.
For comparison, I got a ball park quote from Liberty Mutual that was almost $600 a year for the Model S. This includes multi-car and corporate (about 10%) discounts.�
Jan 11, 2013
swegman Jcadman22, was the quote for a regular production or a performance. Leaning towards finalizing with the performance model. Thanks. One thing that will hurt my rate is I have a 17 year old son that just got his license in August, and they told me he can not be excluded from a policy on the car as long as he lives at home (in August he will leave for college).
What VIN did you use to get a quote?�
Jan 11, 2013
mcornwell That seems odd. So if you had a Bugatti, your insurance would be sky high since they assume a 17yo would be driving a 1000 horsepower sports car, even if you bought him a '95 Camry?
Sounds like you need to get competitive quotes...�
Jan 11, 2013
swegman i've been told by several insurance people that Maryland law requires that my son be covered for every car in the household as long as he lives at home; that he can not be excluded on the car. For a frame of reference, when he was added to the policy, the insurance rate went up $2,000 for the year. I complained about that, until friends told me their insurance went up even more when their son or daughter got their license. Adding him more than doubled the cost for insurance for 3 cars.�
Jan 11, 2013
jcadman22 I used a VIN from the first 60kWh thread since that's what I'll be getting. FWIW, there's a cross-link to the Decoding Model S VINs thread which I followed in my attempt to generate my own unique VIN - because, well, it felt wrong using someone else's actual VIN. But, as stated previously, a real VIN is what is needed for a quote.�
Jan 11, 2013
carrerascott Just got an online quote on USAA, for MSRP $102k 2012 Model S (they don't show it under 2013 yet), and its at $1038/yr. Not too bad.�
Jan 18, 2013
Vexar IDS Property Casualty is quoting me $330 every six months for my 60kWh Model S (MSRP of $70,500) with a $500 deductible and 10k miles of driving per year (no commute driving). That's its sub-total on a two-car, two-driver policy that also carries my homeowner's insurance. I started quoting this thread so the gal on the phone would get a sense of what's going on with prices. I said it was competitive enough but that I expected it would go down later as their company learned more about it. The gal said it wasn't in their system yet so she did a manual entry. IDS Property Casualty is the premier insurance for Costo members. Progressive is the second tier. They basically went off the value of the car and the parameters I listed here. Like other folks, the word "Tesla" was confusing. The model "S" was confusing. The reaction of the gal when she went to the Tesla website was "wow."
You can put a price on the insurance, but you can't put a price on the reaction. When we were all done with quotes and payments, I said "oh, in a couple years, they are releasing a near $30,000 car. Might be worth a look."�
Jan 18, 2013
swegman I finally got a quote from Amica for $2200/year. That is for $500K coverage with a $250 deductable on collison if it is not my fault and $500 deductable if it is my fault. When I asked why so high, I was told because I have a 17 year old son that just got his license 5 months ago living in the household and he can not be excluded. BTW, when asking for quotes, make sure it is for a year. Amica initially quoted me about $1700, and when i started asking questions, I discovered it was not for a year, but for the remainder of my current policy term.�
Jan 26, 2013
rzia I was quoted a ridiculous amount by Farmers insurance. They said $2400 for every 6 months! He agent said a VIN number may make a difference in the quote? Anyone here use Farmers?�
Jan 26, 2013
gmontem My premium is under $650 for 6 months with Farmers.�
Jan 26, 2013
Bucket22 I added my new Performance Model S to my existing multi-car policy with Farmers (without removing a vehicle) and the premium increased by $332 per 6 months.�
Jan 26, 2013
tdiggity Allstate updated their system with the Model S. Although, you have to select 2012. I've been with them for years, and their quote was $850/year, lowest I've been able to get.�
Jan 27, 2013
pete8314 Not made it to Esurance yet...hopefully it will within a few days, otherwise I'll be switching again�
Jan 29, 2013
kevincwelch Here are the results of my phone calls and on-line applications. I currently have Farmer's. Not sure why it is so much more, but it's ridiculous.
Male 39y/o; clean record; Chicago burbs
Wife 39y/o; clean record
Homeowner
In case the formatting is screwy for you Tapatalk people ...
Farmers USAA State Farm Progressive Geico 21 Century Allstate
Bodily Injury 250/500 300/500 100/300 100/300 300/300 250/500 100/300 Property Damage 100 100 300 100 100 100 50 Uninsured Motorist 250/500 300/500 100/300 100/300 300/300 250/500 100/300 Underinsured Motorist 250/500 300/500 100/300 100/300 300/300 250/500 100/300 Medical Coverage 5000 25000 10000 5000 5000 5000 5000 Comprehensive 500 500 500 500 500 500 500 Collision 500 500 500 500 500 500 500 Roadside Y Y Y Y Y Y
Rental Reimbursement
30/900 50/1200 30/900 50/1500
30 Accident forgiveness
Y
Y
Cost 1898.80/6 642.67/6 733.82/6 573.00/6 387.72/6 "We don't write it" 798/6
�
Jan 29, 2013
pbrulott Thanks for the info. Huge variability, that is what I noticed in Canada as well�
Jan 29, 2013
zdre I'm 28y/o homeowner with 28y/o wife in St. Louis County and the cheapest quote by far for 100/300/100 with 500 deductible was also from Geico at $440/6mos. I do have one minor accident on record in the last 3 years. Adding our Golf TDI to this Geico quote only adds another $100/6mos, so the total increase from switching our other car to the Model S should be minimal.�
Jan 29, 2013
neroden I was told by two different insurance agents that they can't get really accurate quotes without a VIN number, and that they definitely can't issue a policy without a VIN number.
It gets more interesting. Apparently if the car (make/model/year) is not in the insurer's system, they will still insure it "by value", but that's usually more expensive than if the car is listed.
And then she tried to explain the different parts of car insurance in my state (collison/comprehensive/liability/no-fault/etc.) and I got completely lost. Homeowner's insurance is so much simpler.�
Jan 29, 2013
blc1017 tdiggity, do you have other types of insurance with them, or just auto? Thanks,�
Jan 30, 2013
Plug Me In Thought I would contribute what I've learned. I'm going with Progressive vs USAA. I had to call USAA since they don't have the car in their database yet. I don't have a VIN yet. 44 y/o, wife 44 y/o clean record, Virginia. My coverage amounts are lower than Kevin Welch's. 100K/300K $500 deductible, rental and towing covered. I also have a 2012 Prius Plug In Advanced bought for about $39K that is included on the policy since multi car discount brings price down bit.
Progressive - $443 Tesla, $425 Prius - Total - $762 for 6 months
USAA - Tesla + Prius total $734 for 6 months.
USAA said price may change when VIN is submitted. My Model S is standard blue 85 with air and tech. $84 K cost�
Jan 30, 2013
sp4rk I got this quote from American Family ...
About $ 626 for 6 months compared to your current vehicle (Leaf) that is $ 400 for 6 months.
Looks like i'll be finally adding a pet Gecko, excuse me, Geico, soon.�
Jan 30, 2013
ElSupreme Don't forget that USAA will give you part of their car insurance profits at the end of 6 months also. So while it looks the same you might be missing out on a rebate after 6 months.
- - - Updated - - -
Plus dealing with USAA is way better than any bank or insurance company I have ever dealt with. Other than their requirement to fax them stuff. They won't take PDF emails.�
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