Large Insurance Price Increase

An accident wouldn't raise your rate that much. Usually between 10-15%. I'd be looking for a new insurance provider.

Here is ours from Florida (this is a 6 month premium and yet another reason I like to live in this state :tongue:


I don't mean to pry and I am not in the insurance business, but if you own a Tesla (your income/assets are above average), I would think that you would want to increase your coverage.

I think it's time to look for a new insurance carrier. My Roadster rates have gone down over the past two years. I'm in one of the most expensive rate areas in Los Angeles. Here's my current State Farm 6-month premium info:



Please note that I do get great discounts for having multiple policies and no accidents or tickets. Also, the Roadster is listed as a secondary car with the Model S being the primary.

Check out Liberty Mutual, after shopping around and hearing the good reviews on the this forum I inquired. They beat everyone's price by over $500 per year for full coverage on the Roadster and then just liability on the other vehicles. Paying $700 / year which covers my 4x4 truck, my subaru, and full coverage on the Roadster. Excellent customer service. I was able to get huge discounts for being an alumni of the University of California. Other colleges should have an affiliation with them.

Jordan,

From the looks of the table format you pasted in, you have Progressive right? I'm in Florida as well and had Progressive for 5 years with no accidents or claims and they wanted 600/month for full coverage and I had to give them a value of approx 90,000 since they didn't have the Tesla in their system, talked to 2 ppl and the same thing. canceled and went to state farm but still paying 400$/month premium. Wonder what gives???

Mine is pretty reasonable. Admittedly, I have a couple of other cars and don't use the Roadster as a daily driver - but I also have a teenage driver at home who has a less than spotless record.

Mine went way up this year too. But it was so cheap to begin with that it's hard to complain. I'm paying barely over $1,100/yr with the AARP program from The Hartford. I have two teenage drivers (with bad records) but they don't drive the Tesla. I was offered a lower quote from Liberty Mutual but it included a "first time Liberty Mutual customer discount." When I asked how much that was, and how much it would go up next year, they couldn't tell me. Too sleazy for me so I renewed with The Hartford even though they're probably doing the same thing.

hcsharp said:

I was offered a lower quote from Liberty Mutual but it included a "first time Liberty Mutual customer discount." When I asked how much that was, and how much it would go up next year, they couldn't tell me. Too sleazy for me so I renewed with The Hartford even though they're probably doing the same thing.

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I'll have to inquire about that... I didn't see any 1st time Liberty Mutual discount mentioned or disclosed in my quote. My biggest discount was due to my college affiliation. I'll ask about the fine print.