Insurance on your Model 3

Insurance on your Model 3

I haven't seen a thread on insurance yet. What have you been quoted for insurance and from what companies?

calvin940 | 2018年6月29日

My local Allstate (East Coast Canada) agent told me this:

Sorry for the delay in responding. The 2018/2019 Tesla model 3’s are not showing in our system as of yet. Without a VIN I’m unable to get a rate group for this vehicle.

I’ve, therefore, calculated an rough estimate based on a Tesla model S. The annual premium for the model S would be approximately $850 - $900.00. I expect the cost to insure the Model 3 would be in the same vicinity. If at any time you are able to obtain a VIN for the model you are looking at, please let me know and I will be able to give you a more accurate quote.

Thank you!

walt2810 | 2018年6月29日

just under $600 for 6 months in SoCal with Wawanesa.

azuiot | 2018年6月29日

$550.08 allstate per 6 months

sroh | 2018年6月29日

$429 for six months with Ameriprise. This includes multi-car discount, auto/home policy discount.

Magic 8 Ball | 2018年6月29日

Does the coverage include drunken summoning?

sroh | 2018年6月29日

That costs extra. A lot extra.

lolgas | 2018年6月29日

$179/m, 100/300/100 liabilitiy, $250 comp ded. $1K coll ded.

I'm under 25. :(

wiboater4 | 2018年6月30日

someone on another thread had State Farm and said it went down with the Tesla.

matt80206 | 2018年6月30日

Mine said can’t quote without a vin and tesla can’t give a hypothetical vin for purposes of quoting FYI so I just ordered the performance and hoping for 2k a year

Patrick | 2018年6月30日

$10,000 2008 Lexus ES350 is currently $600 per month with USAA.

$60K M3 was quoted at $630.

Should’ve started an insurance firm long ago...

rameshshahfl | 2018年6月30日

Geico, estimate given to me without VIN No, in Tampa Florida $700/6 months. 1000 deductable, 100/300/ Liability. I'm paying $500/6 months for Merc Benz C300, yr 2009 same coverage

Patrick | 2018年6月30日

Correction to last post - per six months

qqaaplz | 2018年6月30日

@sroh What is your coverage?

louisk | 2018年6月30日

USAA quoted me about $5 less per 6 months than my 2016 BMW i3 was costing me and I increased coverage on my Tesla a bit... so at least for me my rate is roughly equal for the Tesla vs the BMW i3. Obviously ymmv based on company you use and your driving record.

qqaaplz | 2018年6月30日

Could you guys be more specific when referring quote, such as coverage, w/ or w/o home discount, multiple car discount, age range.

louisk | 2018年6月30日

@qqaaplz, none of that is relevant for my answer as all my discounts and age and driving record are consistent, so the point for me is that the rate USAA quoted me to cover a new Tesla M3 is roughly equal to the cost I am paying for a 2016 BMW i3 for equal coverage (actually the Tesla will have slightly better coverage). So the point I was making is there is no premium I am being charged for the Tesla. I can't speak for anyone else's answers though.

MalibuRed | 2018年6月30日

Ok we are in CAlif. and grandfathered in with MetLife and getting quote of $1050/year $100/300/100, 100/comp deduct and $1000/coll deduct, rental and tow. Go to their website and see if avail in your state. Have had them for over 10 years great service with policy and claims

MalibuRed | 2018年6月30日

Ps Progressive would be my next choice and thrust liberty mutual that Tesla insure offers good coverage, MetLife offers glass deduct waiver for any glass issue (due to model 3 windshield/back glass current issues).

nicktrash | 2018年6月30日

I got a quote from Allstate several months ago, they pulled up the model 3 just fine. It was 890$ a year, which surprised me. I ended up going with my current Nationwide which was 490$ 6 months, they made some concessions on my other car which made it net net lower than the Allstate only rate.

Disappointed Id... | 2018年6月30日

$821/year, includes home & multi-car discount, plus, I’m 40, so that’s gotta help. I use Pemco (strictly available in the Pacific Northwest, I think)

dmokon | 2018年6月30日

State Farm New Mexico and am accident free for decades. $380 for six months including comp, collision, and $500 deductable.

gballant4570 | 2018年6月30日

dmokon, I alao have State Farm. I am expecting a similar insurance cost - it woukd be in line with my other car policies. But I haven't spoken to them yet. I reckon I better......

dragon_summie | 2018年7月1日

All State quoted me $387 for six month
full coverage including...
$500/comp & coll deduct

i do have two other cars and a house with the policy

breezin | 2018年7月1日

$745 for 6 months
Comprehensive Deductible: $250
Collision Deductible: $500

Also have 3 other cars on the policy. Have homeowners and an umbrella policy with them as well.

hamfish | 2018年7月27日

Six month quote from State Farm $654.82.

This is closely comparable to cost of current policies with same variables for my 2011 Audi S5 and 2006 Porsche SUV.

This is a quote for a NY upstate area, where I have another vehicle, home owners ins., umbrella liability ins. and for a clean driver record with a 15 year accident free discount with State Farm.

Rates will vary widely zip code location, driver record, multiple policies for additional (cars,home owners or rental ins) and amount of coverage for liability, collision, etc. and state mandated amounts.

mwin | 2018年7月27日

Travelers $482 for 6 months
$500 deduct - comp & collision
$50 deduct - glass replacement
St Louis

maki94118 | 2018年7月27日

Farmers $1200/year covers . up to $500k - 2 way coverage. $1k deductible.

Thunder7ga | 2018年7月27日

$575/6 months w/$250 deductible.

amanwithplan | 2018年7月27日

$397 full coverage per 6mo. Progressive - NJ

NthMonkey | 2018年7月29日

There are fixed costs for liability, uninsured motorist, etc. Variable with your older, less expensive car is likely collision.

ficheh | 2018年7月29日

The one thing I'd recommend is getting replacement cost insurance and OEM replacement on items. I have CSAA and it was only $100 more for the entire year. Still cost less than my 2012 SLK350 was to insure.

DesignArt | 2018年7月29日

$758 annual premium. Amica. The Model 3 is my third car.

Leela | 2018年7月29日

It depends a lot by State... I have Travelers, the premium for the Model 3 is 18% more than a Mazda CX -5, same insurance rates.

Leela | 2018年7月29日

I mean, same insurance conditions

SoulLessInSanJose | 2018年7月29日

$830/year with liberty mutual. We have multi-policy discount. I believe it's a $1000 deductible with 100/300/100 coverage. The cost is actually lower than the Kia Soul EV we were leasing (get my forum name now?? ;-))

Tesla2018 | 2018年7月29日

$310 for 6 months with Geico. Multicar discount and for some reason they transferred over my 30% Snapshot discount to the Tesla even though it doesnt have a ECU plug to monitor it. My other cars ECU is incompatable with Snapshot so they didnt give me a discount on that car.
They also gave me a senior citizen discount at age 55 for taking a safe driving course through AAA. Pretty scary taking a class with a bunch of 80 and 90 year olds that really shouldnt be behind the wheel since they no nothing about the rules of the road or how ABS works or what to do in under or oversteer conditions or how and which windows to break if you drive your car into a canal!

Tesla2018 | 2018年7月29日

Oops I meant Progressive. I used to have each car on a different policy a few years ago. Also Progressive gives a paid in full discount if you pay your premium in full, so that knocks about another 10% off my bill when the policy renews so I am probably paying closer to $275.
I have 100/300 coverage with 1000 comp and collision deductible.

vb1 | 2018年9月22日

I have Geico. I see the proposed rate on my model 3 will be somewhere between 700 and 800 per 6 months. I have 300/500 coverage.

@Tesla2018 - Would you mind sharing your coverage. I would love to pay just $310.

I'm wondering Geico is a bad bet for tesla cars.

omahagtp | 2018年9月22日

I’m paying $399 for $500 deductible coverage with Progressive per 6 months for my P3D+. Pretty shocked by that.

omahagtp | 2018年9月22日

I should add that I’m 32, also have home insurance bundled with Progressive, and just had SR22 lifted a few months ago.

wakanda | 2018年9月22日

$352 for 6 months through Geico for 1mil/500/100 coverage. $100 ded for comprehensive and $500 for collision. Not bundled since my home insurance is with Amica.

vb1 | 2018年9月22日

@wakanda - thanks!

I'm in NJ.Where are you from?

aurali | 2018年9月22日

1000 every 6 months for 100/200/100, state farm.

WonkoTheSane | 2018年9月22日

State Farm said they don't have a 2018 Model 3 so they used 2017. They have me a rate of $72US/ month.

Model3Matt | 2018年9月22日

As others stated, State Farm was way cheaper for us. Geico was $800 per 6 months and State Farm is 500 per 6 months. Huge difference after we switched.

guinnesman | 2018年9月22日

Seems like the type of Model 3 would make a big difference. Wouldn't the P3D be a lot more to insure than the base model? You know, all that mind numbing acceleration and all?

I got a quote from Allstate for $800/6 months. But that's for the P3D. Seems expensive based on what I'm reading in this thread, but no one is stating which model car they have.

tanya | 2018年9月22日

~$600 for 6 month by Geico with as little coverage as possible. AWD P+ EAP

stochasticat | 2018年9月22日

I have $411 / 6 months through Geico.

500K/500K liability, 100K property, 500K/500K uninsured motorist, $250 deductible on comprehensive/$500 on collision, and roadside service

JDG-T3AWD | 2018年9月22日

North of Boston I'm paying $713/yr from Plymouth Rock insurance.
Good coverage with $1K deductible.

vb1 | 2018年9月22日

I was playing with numbers on
If i make my wife who had an accident 2 years ago the primary driver on the car, premium cost goes up to 995/6months
For me, the rate is 600+/6 months. Which i think is comparable for a car priced at 64K.

That's her first accident in 20+ years. oh well.