Insuring a novel vehicle like a Tesla

I'll be number 2 USAA insured Model S owner then so I'd love to find out too.

I insured my 2010 Roadster with USAA without any hassle. It was not in their file when I did so, but it didn't take them long to come up with a rate. And I read on the owners site of at least one other USAA owner of a Roadster before I signed up for mine.

My 2010 Roadster Sport is insured with State Farm for $238.20 per 6 months. That's with discounts for multi-car and also having my homeowners and umbrella policies with them, and good driving record.

efusco said:

Dude, you're a SIG...I'm a lousy R...you'll be first so I'll take my tips from you!

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Ah, you're right. USAA is a good insurance company and bank. I've never been more happy with an insurance company so I'm sure the rate will be ok. Probably not lowest but fair.

Tdave said:

My 2010 Roadster Sport is insured with State Farm for $238.20 per 6 months. That's with discounts for multi-car and also having my homeowners and umbrella policies with them, and good driving record.

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Hmm, I just switched to State Farm with House + umbrella and am at $900+/year.

I found that I have three points... something to do with manuvering... Pfft!

But still, why double... for a normal model?

I'm in NJ and include travel to work and back.

How do your details compare?

MPT said:

Hmm, I just switched to State Farm with House + umbrella and am at $900+/year.

I found that I have three points... something to do with manuvering... Pfft!

But still, why double... for a normal model?

I'm in NJ and include travel to work and back.

How do your details compare?

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I'm not in NJ. That's probably it right there. I have a clean driving record, too. My other details are the same. The Roadster is listed as my primary vehicle that I commute with (14 miles each way -- wish it was longer now that I have the car

Those points on your record can be very costly.

I've asked State Farm to break it down. He indicated that it should be in the $700 range without the points; that's still significantly higher.

I'll await his comments.

... I'm paying $400ish for an Audi A6 and the same for a Honda Insight so the 700ish with no points seemed fair at the time.

...Three points... what kind of world is it where you get three points for turning round in the road?... and how was I suposed to know that you're expected to carry your insurance docs wherever you go and that you have to re-register your car every single year? I registered it when I bought it... done, registered.

Tdave said:

My 2010 Roadster Sport is insured with State Farm for $238.20 per 6 months. That's with discounts for multi-car and also having my homeowners and umbrella policies with them, and good driving record.

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Wow! That's only twice as much as my crusty old 1990 Ranger that almost is never driven. I didn't realize insuring such a car as a roadster was so affordable.

Tdave said:

My 2010 Roadster Sport is insured with State Farm for $238.20 per 6 months. That's with discounts for multi-car and also having my homeowners and umbrella policies with them, and good driving record.

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My 1990 Camry is $343.05 for six months with USAA CASUALTY INSURANCE COMPANY in upstate NY. That is with an additional fee of $48.07 for being licensed for less than three years.

vfx said:

PlugInSure - homepage

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(This link takes you to a UK insurance Co.)

State Farm quoted me 620ish per 6 mos and it ended up being 580ish when it was processed.

That is 250/500, 0 deduct comprehensive and 500 deduct collision plus rental car coverage.

My quote to insure a base Model S was $1150 for six months with Progressive, it s was $2250 with Liberty Mutual and State Farm could not give me a quote because of no VIN. I pay $539.00 for 6 months for my 2013 Volvo S60 T6, which is fully loaded.

GDH, that number seems excessively high to me. I'm an existing State Farm customer, and was quoted $563.64 for six months, using their online tool, without needing a VIN.

Coverage includes:
$250K per person/$500K per accident bodily injury, and uninsured motorist
$100K per accident property damage
$25K personal injury protection
$250 deductible (comprehensive and collision)