Best Insurance Companies for the Model 3?

Best Insurance Companies for the Model 3?

I currently have Geico and considering I went from a 2015 Toyota Camry SE to a Tesla, I knew I was going to have a price jump but $100+ more a month has me wondering if I can find a better deal on a good insurance company.

Looking for good full coverage insurance in Texas, any suggestions would be appreciated.

jvcesare | 2019年4月17日

I went with Costco/Ameriprise and saved $1000 coming from AAA for my M3 and another car. I also priced GEICO and it was competitive so I'm not sure you will do much better.

gmkellogg | 2019年4月17日

I have Geico. Adding the Tesla and replacing my old car I increased about 530 a year. Not bad considering the other car was 6 years old and paid off.

vanek909 | 2019年4月17日

Geico had the best rate I could find on my previous vehicle (2015 Ford Fusion), but Progressive had the best rate I was able to find for my Model 3. Car insurance rates vary widely based on drivers, vehicles, and locations (even down to specific zip codes). Your best bet is to just get new quotes every time your situation changes (e.g. getting a new car, changing residence, etc.)

WattTheFrunk | 2019年4月17日

I think there are too many variables to say one company is the best, Will really depend on your personal situation. For me, i had a multiple car discount and bundled with my home insurance with Allstate, so I got a great rate. Others have said Allstate was really expensive.

alexomid83 | 2019年4月17日

I appreciate the feedback everybody. I understand that there are tons of variables, just looking to see who ya'll used and I was going to get quotes on all the companies compiled to find the best deal.

RickM3 | 2019年4月17日

Just Switched to Progressive, for my M3 I received a "Smart Technology Discount", and rate went back to what I had before buying the M3.

markr7 | 2019年4月17日

These Insurance polls are worthless.
Insurance rates are based on so many variables: Age, # of cars insured, Location, Do you own a home, Driving record, # of miles driven, # of accidents, # of tickets, & on & on.....
While someone may be getting a great rate from Geico, or progressive or whoever, that means nothing in your situation.
You need to contact each insurance company & get a quote for YOUR situation.

Anonymous Hero | 2019年4月28日

I shopped around and found that the most reasonable quote by far came from Root Car Insurance, at $354 per 6 months. I was already a happy Root customer for a year with my previous car and was very happy to see that they believe Tesla cars are safer and less prone to problems, and therefore are cheaper to insure.

Tesla Model 3 Long-Range Dual Motor (2018)
Location: Texas
Collision - $1000 deductible
Comprehensive - $1000 deductible
Bodily Injury - $250k/$500k
Property Damage - $100k

Total cost - $354 per 6 months

Full disclosure: This is a referral link. You and I both get $25 if you sign up. But I stand by my recommendation even if there's no financial incentive. Root seems like a innovative insurance company that is mobile-first, no-frills and affordable. And they love Tesla customers.

mikeband1 | 2019年4月28日

We got very good rates from USAA. The sales agent cited Tesla's safety record as the reason.

billlake2000 | 2019年4月28日 | 2019年4月28日

Geico has been the cheapest by far for me compared to all the other big insurance companies that I contacted.

swa5606 | 2019年4月29日

I went from a 2017 Chevy Bolt to a 2019 M3 and the difference was 39.00 every 6 months I save by taking away road side assistance as it comes with M3. Geico

SalisburySam | 2019年4月29日

As is @mikeband1’s experience, if you’re eligible at least check out USAA, based in San Antonio. I periodically check coverage rates with other insuror’s and have found USAA to be very competitive. Also on the plus side, I’ve had three claims over 50 years with them and their auto claims handling was superb each time...not the horror show I’ve heard about with some other carriers.

As a suggestion, consider the premium costs, but get some indication of how that company handles claims. When you need it, the latter can be an easy or highly stressful event.

Randyb359 | 2019年4月29日

I have traveled and pay about $500 every 6 months. I have have a couple claims over the years and they always made it pretty painless.

Randyb359 | 2019年4月29日


swa5606 | 2019年4月29日

Just curious if you get glass insurance will it cover the roof?

jordanrichard | 2019年4月29日

Don't chase the "best price". With car insurance all you really care about is how well you will be treated/taken care of when you have an accident. Go to a couple different body shops and ask them which companies are better to deal with. If you have a crappy, knuckle dragging insurance company, that the body shop knows it will have to fight tooth and nail to get reimbursed, just how quick or how much love do you think your car will get........

qqaaplz | 2019年4月29日

I have been with Farmwers for 10+ years. They suddenly increased premium for more than 25% for both my M3 and BMW5. No accident, ticket, nothing.

I am definitely to switch insurance. My current policy expires in two weeks so I need to act now. what is the fastest way to shopping around? go to each one's website, geico, progressive, etc, or any 3rd party website that provides quote from multiple companies with comparion charts ?

Advice appreciated.

dmanincali | 2019年4月29日

I have 2 Teslas (X & 3 Performance) on Ameriprise through Costco in CA. It's about $600/6 months for 2 drivers. This is the best quote I've received by a long shot but then again I've been with Ameriprise for something like 12 years.

dmanincali | 2019年4月29日

And I should mention that's with $500 deductibles and GAP coverage. I also have the highest coverage limits available as I needed that for my umbrella policy.