Nov 4, 2014
aviators99 Just got a renewal notice from Geico and they raised my rates by 75% starting in December. I was able to switch to Liberty Mutual and get it back down to close to where Geico was (for a year).�
Nov 4, 2014
Rockster That's worrisome. We are with Geico and just reached one year of ownership. I wonder if we're all going to see a rate hike due to exorbitant body repair costs and the frequency with which damaged cars are declared to be totaled.
----a few minutes later----
Wife handles car insurance. I just checked and our coverage renewed a few weeks ago with no rate increase.�
Nov 4, 2014
aviators99 My renewal is for the exact date of my 2 year mark (12/4). The CSR told me that it was due to "the car" and "end of the new car discount".�
Nov 4, 2014
AudubonB "New car discount"?????? Has anyone ever heard of that from an insurance company before?
Mr. 75%er: how many vehicles are on your policy, and is that 75% number for all or just for the Model S?�
Nov 4, 2014
yobigd20 this is not surprising given the price gouging at the certified repair shops and tesla's refusal to sell parts to non-certified shops. i've been saying for a long time that if this [price gouging/refusal to sell parts] continues, nobody is going to buy a Tesla because the insurance rates will be unaffordable. this was only a matter of time.�
Nov 4, 2014
dave I also had a Geico increase. I don't have the numbers in front of me, but it was more like 15%- 20%. Still stunk though. I thought insurance was supposed to go down as the value of the car depreciates!�
Nov 4, 2014
RandyS Instead of just saying the price went up, I'd be interested in hearing about the actual portion(s) of the premium that went up...Is it across the board or particular pieces?�
Nov 4, 2014
MsElectric Tesla needs to get a handle of the price gouging by their certified body shops. If not no one will buy these cars used due to the high cost of insurance which will cause the vehicles to depreciate very quickly not helping Tesla or their customers. It should not cost more to fix than a comparable Mercedes.�
Nov 4, 2014
Chris Geico went up from $525 (six month) to $602. That is for a P85 and sienna. No accidents/tickets. As others have stated this is due to expiration of 'new car' discount and regional claims�
Nov 4, 2014
MartinAustin Hold on folks... Tesla insurance should be dropping.
Tesla has awesome safety and there are hardly any serious injuries to treat. Medical care is far more expensive than car repair, and consequently Tesla cars ought to be costing insurance companies a lot less than other brands.�
Nov 4, 2014
Chris I agree. Maybe it takes more time for them to realize that. But somehow I don't expect my premium ever to be lower in the future.�
Nov 4, 2014
Zextraterrestrial hmm. my 2 year date is Dec 1st. haven't seen anything about a price change for Geico. $509 for the P85 & $445 for a 2011 535�
Nov 4, 2014
Kandiru NADA may have a hand in this 2.�
Nov 4, 2014
taurusking I'm with Geico for 6-7 years.. Claim free
Added MS 2 weeks back
My premium for MS + Acadia Denali = $643 with high liability limits�
Nov 4, 2014
jgs I just got a quote for my on-order 85D. I was pleasantly surprised that the premium is pretty much a wash with what I'm paying now for my 15 year old A6, with similar coverages. (Yes I know, the A6 was overinsured.)�
Nov 4, 2014
Chris @zextraterrestrial Is your premium for six months? If so you are paying roughly twice as much in CA and @taurusking in TX only half of what I am paying in MD�
Nov 4, 2014
randompersonx Car insurance is always itemized. I know comparing coverage on my Jeep to my 911, you can make some judgements:
On the Jeep, the most expensive thing is Bodily Injury Liability (to others) at 27% of the cost of the policy. Collision (cost of repair of MY vehicle) is 15% of the cost. Medical and PIP combined are 16%.
On my Porsche, the Bodily Injury Liability (to others) is slightly more expensive than on the Jeep, however the other line items are much higher. BI Liability (to others) is 20% of the total cost. Collision (cost of repair of MY vehicle) is 33%. The Medical and PIP are $2 per year cheaper than on the Jeep (safer car), but the total cost was low in the first place.
Obviously the cost of repairing a crashed Porsche is much higher than a Jeep. Based on what others are saying here about repair costs because of authorized body shops, repair cost may be even higher on a Tesla.
Also keep in mind for property damage liability ... a 4800 LB Tesla has potential to do a heck of a lot more damage than a luxury ICE car that weighs 500 lbs less.�
Nov 4, 2014
AmpedRealtor Something doesn't sound right...
I have Encompass w/ agreed value, which is a policy for high end cars. $500 deductible, 250/500 coverage w/ glass and I pay $1,098 per year. And if the car gets totaled, I am reimbursed the agreed value (purchase price), not the depreciated value. I guess I must be getting quite the deal, eh?�
Nov 4, 2014
taurusking You are right... I called Encompass and they don't provide agreed value in the State of Texas...I did find Safeco and other relatively low profile insurance companies and they provide agreed value for $1500 per year which is $300-400 more than what Geico is costing me and the catch is they do agreed value for only 1-2 yrs the max.�
Nov 4, 2014
MsElectric Yes but the price gouging and exorbitant repair rates by Tesla shops seem to more than make up for the fewer injuries. I've read a bunch of stories on the forum and hope our Tesla is never damaged in an accident in any way as it seems the few Tesla certified shops know they have a monopoly and jack up their prices. If this continues it is only a matter of time until the insurance rates go up.
Does Tesla still only sell parts to Tesla authorized body shops? This is part of the problem.�
Nov 4, 2014
Zextraterrestrial ya. 100/300k coverage. I think it did go up a bit and the BMW is <1/2 the price of the S for close to the same $
I didn't have full coverage before I got the S so it might be time to check other insurance options. Many years ago I think I was banned from the ins. co. my mom had (state farm?) when I lost my license for 6 mo due to a well control drift around a corner in my 914..ooops now I just have 1 ticket in the last 15 years or so�
Nov 4, 2014
taurusking Is there a way that we as consumers can force Tesla to do something about this?
Like what you said reading horror stories of MS being declared totaled does not sit well with me�
Nov 4, 2014
jerry33 I've been screwed by Geico in the past as well. Never again.�
Nov 4, 2014
ribsandbbqbeef I can see Tesla wanting to keep tight control of repairs involving the drive train or the tech stuff in the car via certified repair shops. However I don't see why they wouldn't lax up on their rules for body work since it's only cosmetic. It seems like a lot of the gouging is from the body shops & not from drive train / tech repair.�
Nov 4, 2014
aviators99 The Tesla is on a policy by itself (so that I can exclude my teenager). My other two cars were also (and are still) with Geico, and the rates did not go up for them.�
Nov 4, 2014
SFOTurtle My auto policy just renewed with Travelers (who also underwrites my homeowner's policy) and there was no change in premium for my MS60.�
Nov 5, 2014
andrewket Which state are you in? I thought about doing this as well, but Allstate insisted that VA law required all drivers in a household to be covered- no exclusions. I admit I didn't follow up on their claim at the time.
Edit: following up on my own post.
Can Married Couples Have Separate Auto Insurance? | Finance - Zacks
It appears to be true. New York and Virginia don't allow excluded drivers in the same household.�
Nov 5, 2014
dhrivnak I believe another part of rising repair costs is Tesla's unwillingness to sell any parts to repair salvaged vehicles. Normally insurance companies can sell totaled vehicles but with Tesla's stance the value of a surplus car is very low.�
Nov 5, 2014
scole04 Same thing happened to me during my renewal in November. GEICO said they did a survey regarding how much it cost to fix the vehicle in an accident. Due to this they jumped my rates by around $100 per month. Ten year customer with no accidents/tickets. I promptly switched insurance companies. I'm disappointed at GEICO. My ten years of paying on time and no tickets/accidents has no value to them.�
Nov 5, 2014
Dadonator I guess you've never seen a Tesla repair bill. 23 THOUSAND for an almost invisible ding to the rear and front (was pushed into the car in front of me). Cars 1 and 3 had about $3,000 damage each and the Tesla, although appearing MUCH less damaged, cost car #3's insurance company $23,000+. I expect insurance to skyrocket with cars built out of "glass" like they are, but don't get me wrong, I have no desire to go back to an antique!�
Nov 5, 2014
DuncanWatson Same, not on Tesla but on my Ford Focus Electric. I switched and won't go back.�
Nov 5, 2014
AmpedRealtor Sounds like Geico is the problem. Plenty of other options out there. Vote with your dollars.�
Nov 5, 2014
aviators99 Based on the repair quotes seen here, I think Geico might be doing the right thing. Eventually, all of the companies are going to have to raise rates if they lose money. I switched to Liberty Mutual, which allows 1 year policies (I also picked them because of the availability of the option to guarantee that they'll pay the cost of a car 1 year newer if totaled).�
Nov 7, 2014
bredi interestingly, we picked up a BMW i3 BEV and our rate quoted doubled with Geico. I have been "happy" with Geico up until now.
Geico doesn't appear to be EV friendly?�
Nov 8, 2014
jandkw I have All State for 25+ years but when shopped for insurance for my MS 20 months ago, some companies don't even have any records on the MS. For others (including Geico), they quoted ridiculously high. Liberty Mutual's quote was quite reasonably so I ended up using them for my auto and home. I have a small claim a few months ago with LM, the process and the people I worked with was very helpful with very little questions asked. Quite happy with LM so far.�
Nov 8, 2014
AmpedRealtor Raising insurance rates on consumers by 75% is never "doing the right thing". I'm a consumer. I don't work or advocate for the insurance companies, as that is not in my best interest.�
Nov 8, 2014
Splunge I recently shopped for coverage since I now have a 16 year old driver in the house. South Florida, no tickets, 1 not-at-fault accident with no injuries. I am currently with 21st century and I received quotes from AllState, Progressive, Geico, State Farm, Liberty Mutual, USAA and Travelers. The closest was Progressive, but it was still +$1000/6 mo higher than 21st. Geico and State Farm were close second place finishers (+$200), USAA after that (+$300). Travelers and Liberty Mutual were more than double my current rate.
I know every situation is different, and others may get better rates elsewhere, but I was amazed at the difference in rates that I found for similar or identical coverage.�
Nov 8, 2014
KalOrtPor The insurance companies are *not* losing money though....One $750k medical and personal damages claim will outdo dozens of Tesla repairs. And Tesla owners in general are a careful lot, and never have any medical claims and doubt they cause even a few. Baseless money grab to blame aluminum repairs with all the safety savings. I'll bet the incidence of minor fender benders is a lot lower too.�
Nov 9, 2014
Steelerfeever I sell the stuff (11 year State Farm Agent in AZ)... My little practice is pushing 3,000 insured vehicles. I have ONE Tesla insured. #2 will be next month (mine). My point is, it's going to take the bean counters (actuaries) some time to figure out how to price these things as there just aren't enough out there yet. For now, go with the best value you can find (good policy, decent premiums) with a reputable carrier. In a couple of years the carriers will have a better handle on Tesla claims/pricing.�
Nov 9, 2014
markb1 Except there have been lots of Model S accidents. The local body shop says that Teslas seem to get in way more accidents than other cars they service, based on how many are on the road. (Mostly rear end damage, they say.)�
Nov 9, 2014
AndreyATC I'm with Allstate
Just got renewal notice, nicely surprised
About $120/year less for next year�
Nov 9, 2014
gpetti I'm interested to see how my Rates change from P85+ to P85D. I don't know if HP has some bearing on the rate. Not sure if AWD makes any difference.�
Nov 10, 2014
Zeani That's interesting. I wonder if that has to do with the regenerative braking, and the fact that although you're slowing down substantially your brake lights aren't on (I think? I'm never behind my own car). It's occurred to me that other cars may not be prepared for my car substantially slowing in those cases, although luckily no incidents yet.�
Nov 10, 2014
zwede Brake lights do come on when regen braking. The MS uses an accelerometer. If there is more than a certain amount of G-force slowing down, the brake lights come on.
You can check it yourself. Just pull up one of the screens that show the exterior of the car and regen.�
Nov 10, 2014
AmpedRealtor Do you live in Verrado? If so, I may know you...
�
Nov 10, 2014
Steelerfeever Yep, and you'll always be my 1st! (Model S ride that is)... Will reach out once we take delivery next month.�
Nov 10, 2014
markb1 True.
I've heard this repeated many times, but why wouldn't they just use the RPM sensor? Also, I think a simple accelerometer would cause the brake lights to come on while maintaining speed on a down grade, but the lights do not come on in this situation.�
Nov 12, 2014
aviators99 I was unable to conclusively prove that the brake lights work the way Tesla claims, only that it's not consistent with being based solely on kW. So I will choose to believe them on this, for now. Maintaining a constant speed on a downgrade does increase the G force in that direction - you are correct. But not substantially (unless it is a really big downgrade). The claim isn't that the brake lights come on whenever there is a G force increase in that direction, only the "appropriate" G force in that direction. So who knows?�
Nov 12, 2014
AndreyATC It doesn't feel like it's the G force value, but more like amount of change in G force
I have a very steep long ramp on the way home (i live in hilly area) and my brake lights stay off unless i slow down harder
Otherwise, going down while slowly losing speed is still no light�
Nov 12, 2014
AmpedRealtor So excited for you!�
Nov 12, 2014
markb1 I've observed this on some fairly steep downgrades, but I don't remember exactly how much regen there was. It was definitely enough regen that the brake lights would have come on on level ground, so I think that would rule out both the power and an accelerometer as triggers.�
Nov 12, 2014
Perfect_Flaw I called Geico and inquired about a potential rate increase. They told me there is a "high probability" my rates would increase because of the Tesla.
I said great, you will be losing a customer. Hung up and called the broker I use for my homeowners policy in Newport Beach, CA. They gave me a quote through Mapfre Insurance which for $500/$500K limits (better than Geico's $300K/$500K limits.) for the same price, and for a 1 year rate lock term vs. Geico's 6 month term. Just got off the phone and paid the 1yr term in full and don't need to worry about Geico gouging me in a couple months.�
Nov 18, 2014
glhs272 My insurance just went down again. Second time this year. Went down about $5 per month. Last time it went down, it went down $25 per month. $120/month for my S and Dodge RAM pickup truck (liability only on the dodge). Not sure why, as I already have a clean driving record. Not sure what else changed. I figured with all of the high rate of Model S's being totaled versus repaired, that in general insurance rates would be climbing. Not complaining, just another data point for those of you out there.�
Nov 20, 2014
fluxemag I just reached out to a different insurance company based on this thread. No reason to wait until my renewal with the lizard in February.�
Nov 20, 2014
AlMc @STEELER FEVER: I am interested in getting your expertise on a question another poster had. Is there an increase in insurance for the AWD version of a car vs RWD or FWD only (ex Audi). Just wondering if the 'D' model S will cost more to insure than a RWD S. I realize the change in HP will affect this somewhat.
Thanks�
Nov 20, 2014
swegman I would expect a P85D to cost more to insure. I have a P85 and it costs more than a regular S85 to insure. Approximately $200/yr more (no accidents, no tickets).�
Dec 28, 2014
markb1 Just got my renewal policy from Geico. No change in premium. I'm paying $600 per 6 months. (That's for two cars, but the second one doesn't have comprehensive and isn't driven much.)�
Dec 28, 2014
themacs I changed from Allstate to Ameriprise (Costco). 250/500 BI and UM/UIM, 5,000 med pay , 100 dec comp and 1,000 ded collision, UMPD and the rate was about $325 for 6 months V. Allstate at $800. They took my new Jag "F" type and RX 350 Lexus for a 6 mont total of UNDER what Allstate wanted for the Tesla only!
Anybody have experience with Amerprise?�
Dec 29, 2014
bwa Re: not selling parts for damaged ("salvaged") vehicles:
This may create a more efficient or lucrative black market, depending on demand.�
Dec 29, 2014
mackgoo themacs, We have ameriprise also. Rates are cheap service is A one.�
Dec 29, 2014
Gizmotoy Same. In fact, my premium actually decreased slightly.�
Dec 29, 2014
spentan Just had a chat with Progressive as I'm picking up my P85D by the end of the year (aka tomorrow or Wednesday).
They had to increase my premium once I specified the VIN and the fact that it wasn't a "Model S Base" and a P85D.
It was increased by $72 per month, (431 per 6mo).
I tried Ameriprise, Wawanesa, they won't insure me because I haven't had a US Drivers license for long (Got it in April when I moved from Aus).
Geico Quote was really expensive, more expensive than progressive even with the increase. Ah well, will stick with Progressive for a little while longer.�
Dec 29, 2014
aaron0k I renewed my Geico policy on 12/10. It went down, from $590 to $550 (6mo). An MS (40k) and a Volt.�
Dec 30, 2014
andrewket I clearly need to shop around again. My P85D is almost at $1k/6mo with Allstate, but I have 1m/1m/500k coverage, and full replacement value. My P85+ started around $600, and over the renewals climbed up to $720. When I was shopping around last year many companies wouldn't insure above 500k.
Virginia law doesn't allow household members to be excluded from specific vehicles, and I have an early 20's driver with only a few years history on my policy.�
Dec 30, 2014
ArtInCT As you pointed out above, not all insurance is equal due to the coverage and the age and driving records / experience of other family members on the policy.
Also locality has some risk/cost effect on your quotation.�
Dec 31, 2014
Jason Just picked up and insured my P85D, 562. 6mo from State Farm�
Dec 31, 2014
Skotty More proof of how evil auto insurance companies are.
Auto insurance companies always advertise how great their customer service is when needing to file a claim. You know why? Because they do nothing for you anywhere else. How much does claim customer service benefit me as a customer if I don't get into accidents? None! Diddly squat! You know what would be a good customer service? Not randomly raising rates by 75% when nothing about the customer's situation has changed.
The only time auto insurance companies have done something for me is when they abruptly cancelled my auto insurance when I lost my job. Didn't matter that I had a perfect driving record and could still pay the premiums. Impressive customer service there. I just wish they would start servicing my front end instead of my back end.�
Jan 1, 2015
Brightonuk OMG my repair for a scratch was $8750+ it was not my fault (and I have a dash cam to prove it) now I am concerned that my Geigo is gonna skyrocket
The shop said go through your insurance then they will go after progressive (Her insurance) rather then try to get her insurance to pay hope that was not a mistake
�
Jan 1, 2015
swegman What are they doing for $8750? Can't clearly tell from the picture whether the panel is dented or if it is just paint damage.�
Jan 1, 2015
islandbayy Yes, that was a mistake. big one. I work at a body shop. ALWAYS leave your insurance out of the loop. because now it is a claim events despite whether or not they will get reimbursed from the other insurance, they will still markdown amount paid as coming from your account. and eight grand for that is nuts.�
Jan 1, 2015
markb1 That's a good question. The quarter panel costs a fortune to replace, like usually double that amount. So what did they do?�
Jan 2, 2015
Brightonuk Also what you are seeing is the black marks are actually on the wrap and it was $8,750 I will post so photos of the work they did IMO they just took my insurance for a ride their excuse was aluminum work is much more expensive that steel work�
Jan 2, 2015
green1 That's the common excuse, but unless they were welding aluminum (I doubt it!) then there should be no difference in the two.�
Jan 20, 2015
islandbayy Just checked the Progressive rates for renewal. It was about $600/six months. That has now gone up to $825 for six months. That is now with 2 accidents OFF my record. Before was WITH accidents on my record (Non-Tesla related, one was brake failure on my truck while pulling 5,000 lbs, and the other was driving through a construction zone, and hit a large chunk of concrete that was left on the freeway lane, and spun out...)
The response when calling Progressive...You Guessed it, the insane body shop repair costs�
Jan 20, 2015
EarlyAdopter Huh, weird. I just got my Progressive renewal last night and my P85D with max coverages and $500 deductible will be $500/6mo. This is an increase of about $10. However, my wife's Volvo XC60 increased by the same amount, so it's not unique to the Tesla.
I guess it's true - insurance is a very local, individualized thing.�
Jan 20, 2015
breser That's around what Progressive quoted me when I looked at getting insurance from them. Actually I had insurance with them but ended up moving because they ended up being one of the more expensive places. I get the impression that Progressive will insure a Tesla but they would really rather not given their high price. For comparison I pay about what you're paying every 6 months for a year (i.e. I'm paying half what you are). I was with Progressive for 15 years before this.�
Jan 20, 2015
EarlyAdopter Ok, I'm all ears - who did you move to? PM me if you don't feel comfortable advertising.�
Jan 20, 2015
breser I meant to say I have PEMCO now. There's a discussion over in the Northwest forum about insurance and there's several other people who said they were happy with PEMCO. Note to anyone else looking, PEMCO only insures in Oregon and Washington and even then only on people that are good risks (i.e. no accidents, tickets, etc...). As always insurance is variable to a degree that makes comparing prices between different people not terribly useful, so it's entirely possible they won't be cheaper.�
Jan 20, 2015
EarlyAdopter Yes indeed - YMMV. Just ran through the PEMCO online quote, and for us the same coverages and deductibles would be 50% more.�
Jan 20, 2015
rtz What if Tesla insured the car repair aspect of insurance since they already have a parts and repair monopoly?
Winnebago RV Insurance�
Jan 21, 2015
russman Costco Ameriprise - $1676 6 months
State Farm - $975 for 6 months but with multiple car discounts and other discounts
No accidents, tickets, etc...�
Jan 22, 2015
Beau24 This is worrisome moving forward. I have many family and friends who are now jumping on the Tesla bandwagon. If they are faced with huge insurance costs after their car is built or delivered, that would be unfortunate for them. I have a 2013 MS85 with Geico. My renewal just dropped $30 for 3 cars, BMW X5, MB CLS 500 and my Tesla.�
Jan 22, 2015
swegman My Geico policy comes up for renewal in March, and I'm in MD also. Will be interesting to see what happens. Last renewal period the rate went up $100 for 6 months, due they said to their experience with the Model S in this area. I have claen record, driving a P85. I should note that the insurance rate for my 2005 Prius (which is on a separate auto policy with Geico as it is garaged in PA where my son goes to school) went up about $10 per 6 month period a few weeks ago.�
Jan 26, 2015
swegman I just got my renewal quote in the mail for my 2013 P85 and I am disappointed. They insurance company increased my rate in Sept 2014 by $200 for 6 months. When I inquired as to why, I was told the cost for repairs was way higher in the DC, MD, VA area than they had anticipated. I replied that my record was clean, and they said yes, but the rates were adjusted for ALL Tesla owners (even those without accidents) to spread the cost between all Model S owners.
Today I got the quote for the renewal to take effect in March. The rates for items such as comprehensive and liability decreased slightly, but the Collision portion increased by $250, for a total insurance increase of $205 above the Sept 2014 increase. The Model S now costs more than twice what my 2013 Avalon Hybrid costs to insure, and three times what it costs to insure my Prius (on a separate policy) which my son has at college in another state.
BTW, the insurance for the Avalon Hybrid decreased by $15 for the next 6 months. That is what is supposed to happen as a car gets older, the insurance rates decrease, not increase. The Prius (which renewed in Jan 2015 on a separate policy because the car is garaged in another state where my son attends college and which lists him as a driver) increased by $3 because I added accident forgiveness to that policy (plus another $7 for adding car rental to the policy). The Tesla and Avalon Hybrid only lists me and my wife as drivers (our son need not be listed because he attends college in another state). All three cars have $300K/$500K liability, $300K/$500K uninsured motorists, comprehensive with $250 deductible and collision with $500 deductible.
I've read too much about the high costs of repairing this car. Tesla needs to investigate to determine why, and if the repair centers are taking advantage of the owners. The Model S is being totaled in many cases for seemingly minor cosmetic accidents. I love my car, but if it were to be totaled, I don't think I would buy another one if the insurance rates continue to go up.
I going to call my insurance company to see what they say this time, but I think I'm going to have to look at other companies to see what they charge.�
Jan 27, 2015
fluxemag My six month rate from geico increased $50, or 10%. Not bad, I have no way of knowing if it's fair considering the repairs are probably offset by the safety.�
Mar 9, 2015
DJ Frustration Woah, mama! Geico just jacked up our Model S Collision cost for our renewal effective in April 2015. We have owned our Model S for 2 years and 1.5 months.
No change to discounts (new car still applied). No change to anything except cost of collision.
Total Insurance pre-renewal = $690.80
Total Insurance renewal = $931.80
Increase of 34%.�
Mar 9, 2015
fadkar Oh man this isn't good.�
Mar 9, 2015
sorka That's for one year? That's still a pretty good rate.�
Mar 9, 2015
David_Cary Good rate not good rate. Totally dependent on location
If I had to pay $900 a year, I'd be pretty upset. I have USAA and I went from about $400 to $600 a year going from a 2007 Honda Accord to a S85. Pretty reasonable I think. $900 for me in my locale would be pretty high. (new policy - just called)�
Mar 9, 2015
DJ Frustration Just got an apples to apples quote from Progressive and my rate dropped to $353! Peace out Geico!�
Mar 9, 2015
JMG I'm an agent and having to move my own coverage. I've done a little homework and know some of the companies that will and won't write an MS. PM me for any additional info requested.
One of the benefits of working with an agent, you have them do the shopping, calls to underwriters, etc for you.�
Mar 20, 2015
Chris Just got the latest increase from Geico by $200 for 6 months, bringing it to $800 (P85 and Sienna in MD). No claims, tickets, anything. Very upsetting. So I shopped around and Progressive so far is the best at $422 for 6 months. That's where I will go. Bye Geico, it was good while it lasted�
Mar 20, 2015
aviators99 I suggest everyone should get as long a policy as possible. I got 1 year from Liberty Mutual. I suspect they will all be going up for the Model S at some point, considering what I've read here about body work pricing.�
Mar 20, 2015
PatD Curious if you looked at USAA? That's where I plan to get my insurance from. Very competitive rates.�
Mar 20, 2015
Rockster Strange. We just called Geico to tell them we were trading our 2013 Model S in on a 2015 that's just arrived at the service center and our rates increased by only $22 every six months. I suspect that the other shoe will drop at some point, though.�
Mar 21, 2015
aviators99 Not many people qualify for USAA. Do you have reason to believe he does, or do you know of a way for Joe Public to get insurance from USAA?�
Mar 21, 2015
Chris Thanks to everyone for your feedback. I do not believe I would qualify for USAA, although I did finish the Navy Seal Battlefrog 15K race in Orlando last weekend ;-)
So I ended up signing with Progressive for $440, about half as much as GEICO is now charging. I fully expect the premium to go up with the next renewal. It is interesting how we all thought rates would be lower with reduced medical claims. This may not change until Tesla becomes a true mass market car manufacturer.�
Mar 21, 2015
Ugliest1 Arghghghgh. In BC, the rate I received was about $2,200 annually, about double what my previous 2007 Infiniti M35 cost. And, since my car was built in December 2013, it gets classed as a "2013" car, which means they are going to try to take away the replacement cost availability next January instead of in December 2016 (a future battle).
This after seeing an Insurance Corporation of BC advertisement talking about by far, their costs are human injury, not vehicle repair.
Just trying to make y'all feel better about your rates!!�
Mar 21, 2015
TaoJones $1400/yr w/ Costco Ameriprise for 2 cars and 3-year gap coverage for the Model S.
Without the 2nd car, the Model S coverage rises to $1800/yr. Yep. Both cars are domiciled, for insurance purposes, in Los Angeles County.
I'll be shopping for more sensible coverage once the 2nd car is sold.�
Mar 30, 2015
mackgoo Just got the re up for Essurance. decrease by about 30 bucks a month.�
Mar 31, 2015
stace I'm just over 1200/year with State Farm with a $1k deductible.�
Mar 31, 2015
Fezzik Hey stace. I had State Farm as well. About same price. Liberty mutual was able to get cheaper with all my cars for Chicago area and an umbrella for cheaper. I was with state farm for 20 years and switched�
Mar 31, 2015
redi You have to be careful with the generic term "USAA" since they have at least 3 captive auto insurance "companies" with different rates and underwriting criteria - something they don't widely publish. The original USAA insurance for commissioned and retired commissioned have the best rates. The USAA-CIC (dependents) is somewhat higher, and the the still higher risk USAA pool (Garrison) is higher still. This is my personal observations from having long time USAA customers in my family for both USAA, CIC, and USAA (Garrison) over the years. Still a great company or companies, depending on your view. In my case they did not have the lowest cost overall for me.
I think that having someone in your direct family tree (parent, grandparent) that was military now gets you into the Garrison USAA pool, but I could be wrong.�
Jun 1, 2015
smilepak what?! Two cars per yea is $1400 but one car is $1800, what kind of math is that?
I called Ameriprise and they quoted me 1200 per six months, that with me already having 3 cars with them and no tickets the last years...dang. My deductible is 500�
Jun 1, 2015
markb1 Perhaps they are assuming that Model S will be driven twice as much, if it is the only car on the policy?�
Jun 1, 2015
patrick40363 just paid $682 for 6 months with State Farm in northern CA.�
Jun 2, 2015
islandbayy Just want to update thread.
My commercial limo insurance, just went from about $3800/year up to $7,300/year. No accidents or tickets at all. Went back to progressive, as thats a lot of money and a lot of work just to break even, and my progressive went up from before I had the commercial insurance. I was $600ish every 6 months, now it's $900/6months...... Need to shop around and lower some coverages.�
Jun 2, 2015
scott jones My Geico went from $610 for my S85 and 2009 Hyundai Genesis for both, for 6 months to $1,625!!!
Holy Sh**!
Fortunately, premiums were NOT due to go up until June and I crashed it on April fools day! (No joke) totalled.
Now my premiums are $450 for just the Genesis. Woo hoo. I'm saving massive money while waiting for the bigger battery, and inside upgrade that I believe will come out with the SUV. And then I will switch if premiums are still high.
Keep in mind, just saying you will shop around or drop them often works. My first S85 and Genesis estimate from Geico was about $1,300, then within minutes, it dropped to $610 purely when they "reconsidered" after hearing about Progressives quote.
The new $1,625 price hike came after they reevaluated insuring a Model S, but the rep was not specific if that was cost of fixing them, or if they just didn't have enough info on the Model S in their system in the first place. Personally I was shocked my S85 and Genesis were only about $100 a month combined (at first).�
Jun 2, 2015
BoerumHill Insurance threads amuse me. Close to $3K per year in Manhattan. *sigh*�
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