Insurance premiums

Insurance premiums

I'm getting ready to register a non performance 85. I know my added insurance premium will depend on mileage, driving record, etc, but I'd like to hear from others what they pay annually for their Tesla.

riveire | June 16, 2013

I live in Hollywood and did a bit of shopping around after Allstate quoted me a price nearly double my 5 series BMW. I ended up with Geico (they seem to really know Tesla) at slightly LESS than my BMW. I pay about $740 for six months for 9,000 miles a year. Hope this helps, I panicked a bit when Allstate gave me that huge quote, but Geico was right there with the same coverage at much less cost.

Philip2 | June 16, 2013

If Travelers Insurance serves in your area, you may check with them for a quote. We got one that was similarly priced to a bmw x5.

mortgagebruce | June 16, 2013

I checked insurance before I ordered last week. I currently drive a 2011 Range Rover Sport and my quote for an 85kwh (not performance package) was $20 less every 6 months than my RR. I've got insurance through Allied.

MichaelN | June 16, 2013

I got my through Allied at around $1550 per yr (7,000m)- Ameriprise (Costco) quoted $600+ per 6 mths (12,000m), but because of our Akita's we stayed with Allied, they have house and other cars (other cars - ick!) - AAA quoted $1800+ per yr (10,000m)-

Vlnprof | June 16, 2013

Liberty Mutual - $550 for the year. Covers 250/500 for everything - more insurance than I used to have on my old car. Discount with LM through Penfed since I got my loan through them.

Xerogas | June 16, 2013

I was pleasantly surprised to get a quote from State Farm that was only $11/month more than my previous car, which was a Honda Insight hybrid that cost 1/3 as much as the Tesla! $390 for six months, driving 15K miles/year in San Diego area. | June 16, 2013

Just doing my due diligence before placing my order. USAA told me approx $180 more per six months over my current Infiniti M45. They guy I chatted with told me he was seeing a lot of Teslas lately.


PatT | June 16, 2013

about $800 per year for a 3rd car (P85) -- SAFECO -- I live in Eastern Washington State.

D and K | June 16, 2013

Same story as "riveire@". Wanted to keep all our policies together, but Allstate was screwing us over. Called around and Geico had best rate, $740/6mo for same coverage that Allstate said would be $1600/6mo.

cybrown | June 17, 2013

I did an online quote with Geico, comparing a "sensible" Honda Accord vs a MS. The Tesla was $480/6months, Accord was $284, both with $1k deductibles.

JPPTM | June 17, 2013

Shop everyone has noted. FWIW, I have been a long time CSAA/AAA insured with a clean record. The rate on my non perf 85 is about $50 more per year than on my (now sold) 2009 Lexus GS450h with $70k miles on it.

AmpedRealtor | June 24, 2013

Hey guys, I was just quoted $100/mo by Progressive for the Model S, and note that the online configurator does not differentiate between flavors of Model S. Geico gave me an apples-to-apples quote of $135/mo for the P85 model. The quotes are not much more than I'm currently paying for my Prius, which is great news!

pimp-boy | June 24, 2013

Hmm... Statefarm $779/6 mo. 250k/500k coverage. $100 deductible. But that includes all the discount from multi car and house insurance.

AmpedRealtor | June 24, 2013

I was quoted for 100/300 and $1,000 deductible. That's the type of coverage I've always had on my vehicles.

Thrak | June 24, 2013

I was quoted about $20 more per month from USAA over my current car, a 2005 prius. Surprised me that it was such a small increase.