Car Insurance

Car Insurance

I am trying to get insurance for my Model S. I called Progressive right now and they didn't even know the car. After spending about 30 minutes on the phone, they quoted 5600$/year. They stated it is a very expensive car.

Any advice?

Any other company?


Carefree | 3 February, 2013


ahm | 3 February, 2013

$1556 per year. State Farm.

krajewskimd | 3 February, 2013


cpetrush | 3 February, 2013

+1 Geico. Get a quote online, Model S is on the list of choices.

David59 | 3 February, 2013

CSAA added my new S at the same rate as my old Mercedes E55. I was pleasantly surprised.

jackhub | 3 February, 2013

There is another long thread on this, but I got my insurance from State Farm for less than I pay for my 2005 Buick.

KendallPB | 3 February, 2013

@krajewskimd - I had a problem like that, then called back and talked to an actual underwriter or whatever it's called; the first person you talk to isn't that and knows nothing beyond what he/she punches into the computer. Once I talked to a real insurance person at Progressive, who agreed the quote I'd gotten (like $3000-$4000 I think) was crazy, she had to do some work but got back to me before long (minutes, not hours) with a quote that's only a little higher than my 2000 Mazda Miata.

So in short, call back and complain, like I did, and get transferred to an insurance underwriter or whatever it's called. You may have to call in normal business hours, BTW.

mbcaffe | 3 February, 2013

+1 geico. avoid AAA

generubin | 3 February, 2013

++ Geico, only $300 more than my Civic

olanmills | 4 February, 2013

I have Progressive. My price is nowhere near as high as $5600 a year.

If you do a quote online, their estimator tool knows about Model S. However, when actually buying insurance, their system does not know about Model S. You will just have to do a Stated Value and the insurance will be based on the facts about the car: does it have air bags? Horsepower? Vehicle tracking? Type of car? etc etc

David87 | 4 February, 2013

New Jersey Manufacturers, $1819
NJ is an expensive state and car seem rated like most new luxury sedans

Tonymire | 4 February, 2013

State Farm $1240/yr TX

mustangez | 4 February, 2013

Liberty Mutual. $600 a year as my third car.

lightly | 4 February, 2013

All State is very competitive.

noel.smyth | 4 February, 2013

USAA, avoid Allstate...

Vern110 | 4 February, 2013

state farm, ~ 1200 per year with $250 deductable. Second car, and home with an umbrella under same policy.

malvolis | 4 February, 2013

I concur with the sentiments regarding Progressive. Get a hold of an actual underwriter (call in, ask to escalate your call to a manager or supervisor).

Our rates were pretty low with a 2004 Wrangler Rubicon and a 2012 Durango, so I knew we'd be looking at a healthy increase; however, I was pleasantly surprised when we were quoted only about $600 a year more.

For comparison's sake, I am 33 and my wife is 35 - married, one kid, garaged in a residential neighborhood in an ultra-low crime area of Denver metro. No tickets (at least, none that held up in court) :)

Brian H | 4 February, 2013

NJ is a high-cost state because the whole joint is basically a low-grade demolition derby! Visitors beware ...

iholtzman | 4 February, 2013

I live in the Chicago area and use Geico full coverage just over $1,000 per year. In fact I think I was the first Tesla they insured. They had no idea what it was when I first called so I emailed Tony Nicely the CEO. They got back to me the next day with a quote. It did not hurt that I told him I was a Berkshire Hathaway shareholder. They own Geico!

Cattledog | 4 February, 2013

USAA - Added $1,000/yr., full coverage.

kashiraja | 4 February, 2013

StateFarm: $87/mo @ $1000 deductible for Comp.&Coll.; $95/mo @ $500 deductible. (this quote includes discounts due to other insurance I have, no accidents etc.) I also have decent coverage amounts for liability/medical, PIP and includes UIM etc.

Compared to my '95 325i BMW I was paying $60/mo @ 1000 deductible (otherwise identical policy to MS above). StateFarm is a pleasure to deal with when I had to once.

jbunn | 4 February, 2013

Farmers seemed reasonable but after I got the car they came back with $5200/year which is ourageous. The underwriter was saying something about high tech carbon fiber body and no spare parts. Dude... Not a Roadster.

So after 20 years with farmers, I'm going to move my two cars, probabaly to Geico. Bummer, farmers. : (

KendallPB | 8 February, 2013

I wound up switching to USAA after all, because the combination of our other car + mine, and being qualified as married now, got me a roughly $200+ better deal than Progressive. I'm surprised at how much more coverage my other half has, yet paying $80 less than I was paying on my old car.

EKoS | 8 February, 2013

I ended up going with Progressive - $2400/year for 3 cars, or $800/year for just the Model S - in Washington DC. I looked at several other options before making the call; Geico was second-best (around $600/year higher) and the rest were thousands of $$ more...

Darmok | 8 February, 2013

I ended up going with Geico too. It saved about $175 per year over what I'm paying for my two current cars over Liberty Mutual. LM wanted another $550 per year to replace an RX330 with the S. LM has no clue what the S is. So Geico is $725 better annually than LM for the Tesla and the MDX we're keeping. Geico has the S in its online system, right down to battery sizes, even P85, so Geico also gets kudos for doing its homework. It's nice to have that out of the way. Eight days and counting to Fremont!

Brian H | 8 February, 2013

That's because the insurance industry considers men to be enthusiastic car-smashers, and women to be fussy car-protecters. ;0

kishdude | 8 February, 2013

I signed up with progressive on-line (never talked to a person) and I pay $450/6 months. I did sign up for their snapshot discount where they send you this device that plugs into the car into the computer port under the dash. I plugged it in, and it is supposed to make a beep if you have a hard stop. Well I drive fairly aggressively and despite this I never got one beep (maybe the model S doesn't report this via the interface?). I got an email from Progressive about a month after installing the device that I qualify for a 30% discount!

Brian H | 8 February, 2013

It's because the car is so smooooth.

nickjhowe | 8 February, 2013

@kishdude - I never plugged my device in, just sent it back. How 'aggressively' is 'fairly aggressively'?

markapeterman | 8 February, 2013

I went with USAA - when I compared Geico, the coverage was a joke, much lower limits and no option to match what I currently have. Geico was cheaper but you get what you pay for.

kishdude | 8 February, 2013

@nickjhowe All I can say is that even on hard stops, the device never beeped. It beeped fairly easily on my other cars on stops that I wouldn't consider a hard stop. Like I said, maybe the MS doesn't actually deliver this info to the device.

Darmok | 8 February, 2013

In my case the Geico coverage met or exceeded my current coverage in every category, so I was pleased with the result.

Sudre_ | 8 February, 2013

Geico does let you adjust the amounts.

eelton | 8 February, 2013

$670 per year with State Farm. 49 yo male, single, living in Chicago, multi-car discount (3 cars), clean driving record.

eelton | 8 February, 2013

I should add, $1000 deductible.

Brian H | 8 February, 2013

Maybe the way the regen slows you doesn't actually register as a "hard stop" on the device. So smoooootthh.

KendallPB | 8 February, 2013

@Brian H: But we're both guys (and USAA knows it), so ??? ;-) ;-) ;-)

@kishdude: The rate sounds good even before the 'big brother' discount, huh. Mine wasn't that good. Well, different areas and other information contributes, so really these comparisons we're making are a bit apple-to-orange, I suppose. Still, that sounds great. I suspect you're relying on regen, thus don't have to break quite as much or as sharply as in your old car?

@markapeterman: The quote I got from Geico was not outrageous, but not at all competitive with USAA or Progressive. I used their online tool. (shrug) I was going to get a quote from Erie (our homeowner insurance), but we've been less than 100% pleased with their ever-changing rules (don't make 2 claims within 3 years; over 3 years after our last claim it changed to "oh now it's 4 years"...grumble, WTF are we paying for? I suspect we'll move our homeowner to USAA if they offer it in our area).

chiefwgweatherford | 9 February, 2013

USAA quoted me only 50 bucks more in place of my Jaguar...

Lush1 | 9 February, 2013

Geico, by a mile for me. In round numbers, my current company of over 30 years, Allstate, were puzzled at first, but looked the car up and wanted over 2 grand/6 mos. Went to Geico on-line and found the same coverage for about $850 at Geico. Ended up increasing my coverage limits and getting other add-ons for under $1100. Half the price, 10 times the limits, though I did increase my deductible so the comparison isn't perfect. I will be paying less for my new Model S than I currently pay for a 2003 MB CLK 500. Bye, bye Allstate.
I got several quotes from Geico and all were much, much less than Allstate. I liked the way their site worked too. You could design your coverage and instantly receive a quote via email. I did it at least 4 ways and the emails made it very easy to compare them without doing anything special on the site. Geico has a drop-down menu for all 3 batteries so they are obviously ready to go when it comes to the Model S.
I also tried Progressive. Prices were comparable, but I didn't get the convenient emailed quotes and they push the "snapshot" feature hard. I want no part of a data recorder connected to my car's CPU reporting back to my insurance company. Too "Big Brother" for me, and yes, I realize Tesla knows everything about my car and driving habits but they are not my insurer. I not saying I'm prone to hot-rodding or anything. I have a pristine driving record with no accidents or tickets.

KendallPB | 9 February, 2013

@Lush1: Definitely, Geico's web interface for this is great. Progressive may push the snapshot, but it's totally optional; the underwriter I talked with asked a few Qs, didn't push it hard, and based on my answers recommended not bothering. Note: It can only help, not hurt. (Though I'm paranoid enough to be concerned that would change--but it's a short-term device, not permanent, so I doubt it'll change.)

Brian H | 10 February, 2013

Someone found the "snapshot" device beeped a lot on his ICE car's "hard stops", but not at all on his MS, and resulted in a 30% discount. Must be that smooooth regen effect. Or SLT.

lov2krz | 10 February, 2013

Just got my actual policy addendum from AAA. Limits are $500k/500k with $100 comp and $500 deductible. With multi driver, multi car, multi policies and good driver discounts the premium is $1009/yr for the MS. We'll save another 5% when we send in our Mature Driver Certificates which is good for 3 years.

KendallPB | 10 February, 2013

AAA was one place (along with Erie) I didn't get around to getting a quote from. That sounds quite good!

AnnetteFry | 18 February, 2013

It's really necessary to shop around before you choose what you think is the best for you... I got my car insurance as well as my CTP from BeyondCover... Their process is smooth and easy. Plus you can also have a chance to donate to your favorite charity! If you want to check out their site, just click in here.

mickfair | 22 February, 2013

My preferred provider, Met life auto and property company, said that the Tesla is on their do not insure list. Disappointed. Seems like Tesla needs to educate auto insurance companies on the model s.

mikeadams | 23 February, 2013

@mickfair Hummm. I just got insurance cards from MetLife yesterday. My agent told me that the VIN wasn't in their system, but was able to still insure me based on pricing and other information about the car. I just looked at my cards and noticed that it says 2013 TVR Model S Hardtop, but displays the VIN that I supplied him. I am going to call back though, since I am now a little worried that this may cause issues if I am asked to show proof of insurance or need to submit a claim. I would prefer to go with USAA, but until I marry my fiancee, they won't give me the discounted rate. MetLife could give me the discount for living together for a number of years.

jackhub | 23 February, 2013

There are at least two other threads on this one, BUT I got my insurance from State Farm with no problem/delay. The premium is less than on my 2005 Buick!

petero | 23 February, 2013

WOW! I sure am jealous of some of the above insurance quotes. I live in Southern CA and we have had our share of tickets, bumps, and bruise. Three young drivers and a lead footed wife. Originally, I asked my Mercury agent for a Model ‘S’ quote and he came back with an unbelievably high quote. I politely asked him call Mercury and talk to a specialist (underwriter?) because this quote guaranteed the loss of my patronage.

While waiting for the new Mercury quote, I contacted: Geico, State Farm, Nationwide, Progressive, Travelers, and AAA. Bottom line, the new Mercury bid came back and they were less than ALL of the above. Now, it is hard to complain about Mercury. It was interesting to see how the quotes for my other four cars measured up.

Sorry if I sound like a commercial.

mw | 23 February, 2013

I inquired over the summer with State Farm and they didn't know anything about the car. My agent sent the info to the underwriters and gave me a quote. Actual policy is $480/semi-annual with $500 deductible. No tickets or accidents. House and Multi-car discounts. I'm in Ohio. If you live in a state with No Fault laws (like Michigan); insurance premiums are way higher. So your state laws will impact the premiums you pay. Just mentioning in case you did know that.

aaronw2 | 23 February, 2013

I've been very happy with Mercury Insurance.