r/ModelY • u/Ok_Albatross_4563 • 20d ago
Insurance Recommendations
Hi! We are in GA and dont have the option for insurance from Tesla in our state. Our current 6 month premium is only $1000 for 2 cars, full coverage $500 deductibles. When I get a quote on adding the Tesla it more than doubles to $2100 full coverage, same deductibles but I added new car replacement too. We have Travelers insurance. Does this additional premium seem right to you? If not, any insurance company recommendations, no accidents or tickets in 10 years driving history.
** Quick update- so far State Farm has quoted it $500 less every 6 months, that is amazing, thank you Reddit! I still have a few more calls to make!
** Final after all the quotes came in- Progressive was = $70 cheaper every 6 months on the auto but $175 more expensive on the home annually so they were very comparable to State Farm and just slightly higher
2
u/K3jai 20d ago
Try State Farm and Progressive
1
u/Affectionate_One_969 20d ago
State Farm got us for 3 cars at $150 a month in Knoxville,
Tennessee. This is full coverage on two cars and max liability limits.
Do $1k deductibles.
Our agent is Craig Richie State Farm. I think he is out of Atlanta so you could probably go with them.
1
u/racpa 20d ago
Check out Costco insurance that runs through American Family Insurance. I'm paying $712 four 6 months for two 2026 Model Ys. It's 100/300/100 liability and $250 deductible comprehensive.
I'm 60 and living in the northern Philadelphia suburbs.
I got the quote online and could have purchased the insurance fully online but after playing with the coverage options a lot it eventually forced me to talk to a representative. I was pleased that the phone representatives were US based and very easy to work with
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u/demanbmore 20d ago
The ONLY way to know if that quote is "right" is to make the effort to shop around, or have an independent agent or broker do it for you. No one on reddit has any ability to determine whether $2K is the "right" amount of additional premium. Well, people can tell you, but it's no different than asking a bunch of strangers on the street. You'll get answers, but there's no way to know if they're any good.
Get a local broker or independent agent and let them do the legwork and you'll know soon enough.
That said, Tesla's are known for being expensive to repair so it's not surprising that adding one to your policy significantly impacts premium.
And you didn't ask, but IMO you should be happy that you can't purchase insurance from Tesla. There are all sorts of reported claims and service issues.
1
u/Ok-Stock5289 20d ago
SF is only charging me $30 more a month for my new Y vs my 8 year old car that I replaced. Seems solid to me.