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Thread: Model S Insurance in Canada

  1. #41
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    i just got a quick online quote from TD insurance and for
    $1,000,000 Liability limit
    $2,000 Collision coverage
    $1,000 Comprehensive coverage


    they quoted me $57.57 per month ($690.90 per year)


    NB: I am a member of a university alumni that has a deal with them ...


    hmmm, will have to seriously consider doing some research about switching to them even for the home insurance and getting a bigger discount.
    Canadian Model S - P98 - VIN 5297: 85kWh, Dolphin Grey, Black Leather, Piano, Tech, Audio+, Air, 19", Pano, Twin, Parcel
    Reservation made November, 2010
    Brought home March, 2013

  2. #42
    Model S - PURE EV Zapped's Avatar
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    Wow, must be better drivers in Quebec.... )
    Just got this insurance quote online for Alberta ( using a perfect driving record )
    Sorry I incorrectly posted this in the Canadian Signature Delivery thread

    Name:  TELSA Insurance Quote.JPG
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    Last edited by Zapped; 2012-12-04 at 06:09 PM.

  3. #43
    Member znino's Avatar
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    Quote Originally Posted by clea View Post
    i just got a quick online quote from TD insurance and for
    $1,000,000 Liability limit
    $2,000 Collision coverage
    $1,000 Comprehensive coverage


    they quoted me $57.57 per month ($690.90 per year)


    NB: I am a member of a university alumni that has a deal with them ...


    hmmm, will have to seriously consider doing some research about switching to them even for the home insurance and getting a bigger discount.
    What value did you put for the car? I just tried that site and first, since mine is Signature and over $100K they can't do the online quote but then I put $99K and did it and got about $200 more than you. also, did you add total loss waiver? That could also account for some difference but i suspect its more the insured cost you entered.
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  4. #44
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    Quote Originally Posted by znino View Post
    What value did you put for the car? I just tried that site and first, since mine is Signature and over $100K they can't do the online quote but then I put $99K and did it and got about $200 more than you. also, did you add total loss waiver? That could also account for some difference but i suspect its more the insured cost you entered.
    Am pretty sure I put $97k. The difference could be the alumni discount I received or did you also get one? Or maybe it's some driver statistic related discount.
    Canadian Model S - P98 - VIN 5297: 85kWh, Dolphin Grey, Black Leather, Piano, Tech, Audio+, Air, 19", Pano, Twin, Parcel
    Reservation made November, 2010
    Brought home March, 2013

  5. #45
    Member znino's Avatar
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    Quote Originally Posted by clea View Post
    Am pretty sure I put $97k. The difference could be the alumni discount I received or did you also get one? Or maybe it's some driver statistic related discount.
    I also had the alumni discount. Who knows. Anyway. It's pretty cheap. Will be calling them today to see what it comes out to with the real cost of my car.
    Lightning Green Roadster 2.5 VIN#1281
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  6. #46
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    Quote Originally Posted by lturcotte View Post
    Hello to all

    first post, but long time reader

    BelairDirect now has Tesla for online quote
    the economy mode would cost me $65,42 per month, $85 for enriched mode and $94 per month for optimal protection
    I live in Montreal, private parking but no int. garage
    Hello, and thanks for posting.

    I use to live in Montreal, and miss the low insurance rates. Here in Ontario (even outside of Toronto), the rates are insanely high.
    So in Quebec you'll get to enjoy low rates, and your Model S

    C'est la vie,

    Michael

  7. #47
    Model S - PURE EV Zapped's Avatar
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    Finalized quote with TD Meloche Monnex
    $598.00 / yr
    $1 M liability
    $5k Deductible on Collision and Comprehensive ( minimum allowed on vehicle over $100k )
    I'll have to invest $500 / yr and hope nothing bad happens for 10 yrs

  8. #48
    Member znino's Avatar
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    Quote Originally Posted by Zapped View Post
    Finalized quote with TD Meloche Monnex
    $598.00 / yr
    $1 M liability
    $5k Deductible on Collision and Comprehensive ( minimum allowed on vehicle over $100k )
    I'll have to invest $500 / yr and hope nothing bad happens for 10 yrs
    Zapped, the premium is low (similar to what TD told me when i called) but the deductible is very high. Basically, you will not claim any issue, even if not your fault like a busted windshield or hit and run or hit from behind unless it is a really big repair. That scared me a lot and so I opted for Belair direct that quoted me just over $900 but the deductible is $500 on collision and $250 on comprehensive (they do not have the $100K car requiring high deductible issue). Furthermore, TD was forcing me to install a tracking device like boomerang so if I factor $500 to buy and install the thing and $200 per year for monitoring, I was already close or over than Belair, not even counting the much higher deductible. Might be worth a call to Belair to compare.
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  9. #49
    Roadster 919, S 2006 Doug_G's Avatar
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    I'm good with a high deductible. It's not worth making a claim unless it's a biggie.

    Let's say you make a claim for a windshield repair. That's one claim. Now you get into an accident - that's two claims and your rates skyrocket. You're far better off just paying for the small thing yourself and keeping your insurance company out of the picture.

    So my take is that you take the biggest deductible they offer, get the lowest rates, and if you ever get major damage then you've already saved the money required to pay the deductible.
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  10. #50
    Member znino's Avatar
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    Quote Originally Posted by Doug_G View Post
    I'm good with a high deductible. It's not worth making a claim unless it's a biggie.

    Let's say you make a claim for a windshield repair. That's one claim. Now you get into an accident - that's two claims and your rates skyrocket. You're far better off just paying for the small thing yourself and keeping your insurance company out of the picture.

    So my take is that you take the biggest deductible they offer, get the lowest rates, and if you ever get major damage then you've already saved the money required to pay the deductible.
    Not the way I see it Doug. As far as I know (and from past claims), your premium is not supposed to be affected or go up unless you make a claim that is your fault. If someone rear ends you it is different than if you rear end someone. Windshields and the like also not supposed to affect your premium. That is why a lot of insurance companies now offer extra waivers that ignore a first claim that is YOUR FAULT. With that premise, I figure that if someone hits me from behind it will likely cost a couple of thousand dollars damage. Why wouldn't I claim it and be happy with a $500 deductible? Plus the difference in premium (for Belair) from a 500$ deductible to a $2000 deductible was only just over $50 a year. Its just that td does not offer lower than $3000 deductivle on the model S. thats their rule. Insurance varies greatly between companies and for specific cars. Like the tracking device rule. TD forces you to have it for the Model S. that's $200 just for yearly monitoring that is essentially increasing your insurance costs

    Update: just looked at the insurance bureau of Canada site and found the FAQ for Ontario and the attached screenshot seems to say what I thought... Not at fault claim, no increase in premiums (for collision and comprehensive).

    Last edited by znino; 2012-12-11 at 02:06 PM.
    Lightning Green Roadster 2.5 VIN#1281
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