Waaaaaaat!!!
Just received my insurance renewal from direct line today for my 2021 M3P. £1421 this year, compared to £850 last year!!
We’ve had no accidents, claims or convictions, so nothing to justify this price hike.
They said the increase was due to the number of claims and convictions by Tesla drivers, as well as the cost of repairing the vehicle in an accident.
Shocked to say the least! Obviously time to start shopping around!
Any news on Tesla bring their own insurance to these shores? I know it’s been mentioned in the past, but not seen any updates for a while.
P.S prior to Tesla ownership I owned a couple of BMW M cars. Typically paying around the £500 mark for insurance. I’m a 45 year old bloke with 26 years protected no claims. I thought £850 was steep for the M3P, but this renewal quote is frankly ridiculous!!