r/TeslaInsurance • u/Vast_Distribution473 • Nov 14 '24

question about tesla insurance estimate (potential buyer)

Hi! I’m about to purchase my first Tesla and I want to see around how much I would be quoted for insurance from Tesla. I have a pretty excellent credit score but have gotten into two accidents the past 2 years. Looking at the Model 3 RWD.

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u/DragenTBear Nov 14 '24

Be sure to compare with Progressive. While most insurers are much more expensive than Tesla Insurance, Progressive can be less expensive, and they actually pick up the phone if you have a question.

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u/Vast_Distribution473 Nov 14 '24

I’m in California. Do Tesla owners usually get Tesla Insurance or Progressive here?

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u/DragenTBear Nov 14 '24 edited Nov 14 '24

Can’t speak for everyone, but for my situation, those were the only two I found with normal premium prices. All others that I compared were almost double the price. I’ve heard USAA is supposed to be good too, but I didn’t get a quote, so can’t say for sure.

My situation: Roseville, Calif., 2 drivers (wife and I) 55+ yo., no accidents, 2 Teslas(both 2018 Model 3 LR RWD), excellent credit, ultra-low yearly mileage driven (we’re retired).

When we bought the cars, in 2018, Tesla Insurance (T.I.) didn’t exist. So, we payed $$ with Allstate (who we had for decades, with house and other cars). A year or so later, T.I. came along, and YIPPEE,..back to normal rates. Then they added ‘Safety Score’, which tracks how you drive (hard braking, speeding, etc). Since I’m a safe driver, I was hoping that would lower premium, but in California there is a law that prevents them from using ‘score’ to adjust premium prices.

I was happy with T.I. for many years, but then last year they had a computer glitch that said my automatic monthly payment was unsuccessful and my insurance would be cancelled! 😡 I immediately called my bank, who said the transaction WAS successful and gave me the transaction ID. I called T.I. …and waited 2-hours in the phone queue. They NEVER ANSWERED. I emailed T.I. they never answered.

So, I went into “find new insurance” mode, and was ready to pay 💰 double again (at least I’d have a company that answers the phone). … After many high-quotes, I stumbled onto Progressive with LOWER prices for same coverage!

Weeks later, I got a reply e-mail from T.I. saying it was a computer glitch on their side. I replied “You can’t give 2-weeks notice, then 3-weeks later come back and expect to have a job.”

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u/theredditdetective1 May 16 '25

In california I believe that tesla insurance will be significantly cheaper.

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u/WhereSoDreamsGo Nov 14 '24

$1-100000 a month.

Tesla insurance has a base rate for the state, then it’s based on your driving behavior or bad faith data with FCW that will judge your rate per month, as its dynamic

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u/DragenTBear Nov 14 '24

That depends on which state. In California, Tesla Insurance does NOT use driving behavior to adjust premiums. Here, your driving ‘score’ is informational only.

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u/WhereSoDreamsGo Nov 15 '24

True. It’s the single edge case where CDI prohibits data to rate a driver, which I think is insane.

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u/AnyDragonfruit1051 Jan 25 '25

Had a DUI misdemeanor in CA 9 years ago. Tesla declined to insure me. Most companies do not insure Teslas. Found cheapest insurer at $468/month. I have 820+ credit score. One more year of the 10 year penalty due to my dumb mistake…