Has anyone had a firm quote from their car insurance company about the cost of insuring a Model S?
But at least we have our lives still (I hope).
I wonder what it will take to "total" a Model S that costs $110K? Normally, the insurance company looks at the damage and determines whether the cost to fix the damage is over the value of the car (at the time of the incident). But then again, with so much aluminum and the huge battery pack - repair costs could go up quite fast.
What if a Signature holder totaled their car? No replacement Sig!
But until production hits stride, you'll have to wait 8-12 months for a replacement if your car is totalled! (Brian H)
What if a Signature holder totaled their car? No replacement Sig! (BYT)
You won't believe it, but there has already been a thread on this! ;-)
SW FL, Geico, adding my Tesla Sig perf. to my 2 Lexuses(Lexi?) for 6 months went from $600 to $1050.
I just got a quote from Farmers for about $1600/year, higher liability than @krystimer 500/500/500 and $250 deductible, SF bay area, you have to compare apples to apples, if I go with a high deductible, the cost will be less.
I just got a quote from my insurance company in Ontario, Canada: $2,305 plus tax per year (I think he based it on the base model pricing of around $50k). I have multi-car and home/auto discounts and a clean record (no claims).
@Volker.Berlin, not only did I forget about that post, I forgot I had posted on that thread 3 times, last being February 7th. The memory is the first thing to go.
Even on that thread however, no post on how I get a replacement Sig, does the badging pop off the side lights on the Model S to fake it? :)
"Sure is a Sig, see the Signature badging?"
"But the VIN# is 24980, what's up with that?"
"Move along kid, you bother me."
State farm $344 non performance $362 Performance every 6 months
it was less than my TDI JETTA $399 6 months WOW
@skystream3.7 - wow indeed! I think that's the lowest quote I've seen...
I have it on paper if you would like to verify?
I believe all quotes are not final until you have a VIN. You may want to "recheck" the low-ball quotes again at time!
Even on that thread however, no post on how I get a replacement Sig (BYT)
That's because you can't. It's part of the thrill of owning a Sig. :-)
Anyone else previously totaled a Tesla and got another?
Can you rent a Tesla until your new one arrives?
Heh. The GetAround idea is great. But there're only those 2 Roadsters in the system ($75/hr, weekends only, in LA, and $50/hr, anytime, in Chi.). All other models in the system are $3-$13/hr.!
No Model Ses in there yet, and I doubt there will be for some time.
I have my Signature insured by American Family in Wisc for about $100/month. I too was told it was based primarily on the MSRP, not anything regarding the car itself.
Received a quote of $1,507/year from NJ Manufacturers Insurance for my upcoming Signature Performance edition.
just got a quote from my insurance company in Ontario, Canada: $2,305 plus tax per year (I think he based it on the base model pricing of around $50k). I have multi-car and home/auto discounts and a clean record (no claims).
Wow! This is expensive. First Canadian quote I've seen. Hope time will improve quotes in Canada. Cannot be higher than $1500 for me. After that, I'll reconsider my purchase.
Received a quote today from AAA in Ladera Ranch, CA - $1,808/Yr. with $1,000 deductible, for fully loaded Sig. Performance (multi car & good driver discount included). They had to call the Newport Beach office for quote assistance, since they had never quoted a Tesla in Ladera Ranch.
Checked CAA yet?
There has been some discussion on Insurance rates in the Canadian section. I'm in Burlington, Ontario and Dominion has just quoted $1178 for a year. I had them quote on a Production Model S with 85 kw battery. I won't be driving the car to work. There are lower rates quoted for near Montreal, much higher rates in B.C. from ICBC as would be expected, I suppose.
I just got quoted $1200 for 6 months with Geico for the P85. I have been a policy holder with them for over 10 years with no incidents or claims. This seems very high to me.
Are there specialty insurers for EVs around?
I live in NYC and got $800/year for Sig Perf, with State Farm as second car with them.
WoW!! I was pissed when GEICO quoted me $588 for 6 months with the same full coverage as my '08 Lexus IS 250, an increase of $225 from my old policy. I've only been a customer for a little over 4yrs. I've looked and no one have yet to come close to what GEICO quoted me. I'm getting a S60, so your performance 85 might be a factor.
The location plays a big factor also, I live in Missouri. My policy would be (and was) higher when I lived in San Diego a few months ago.
Interesting numbers. Lot of variety of prices will be based on the deductibles, age, distance driven per year and so on like first/only or second car.
My Volt is about twice the cost of our new 2013 Honda CR-V CUV. Both cost about the same out of pocket. It's a matter of 15-20 mph front-end collisions leading to big repair costs or full loss. I think P85 will get higher price due to the power of the car and the insurers seeing quite a few collisions already (some guys reporting here on this forum).
Now there's an interesting question. Are MSes involved in more or fewer collisions than average?
The absolutely lowest quote I have received for my P85 was from my insurance agent. He was able to get a policy at Hartford to cover my Model S and my Highlander Hybrid (2011). Coverages are 100/300, no medical, windshield and $500 deductible.
Model S: $518
Dollar amounts are for 6 months. Tesla policy includes full replacement value (not market value) for 6 months or 1,500 miles, whichever occurs first.
In Ontario we pay $20/mo more than we did on a 2008 Hyundai Accent. Nevertheless the insurance companies are still a bunch of d1cks for charging what they do.
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