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This Insurance problem could effect many Tesla owners.
- Thread starter Three60guy
- Start date
miggz410
Member
Anyone having issues with State Farm?... My insurance lady told me that for some reason their system won't allow them to input my S60... It's coming up as a 75...
CuriousG
Active Member
You mean besides the fact that it actually is a 75 battery?
jelloslug
Active Member
Yep, I had to have my agent list my 60D is as a 70D. It came up as a P85D at first.....
BrandonR22
Member
I'm in the insurance industry myself. The override can be done, but I can tell you until underwriting reviews new vehicles the collision coverage cost is going to be wack. Obviously, we are still insuring the same car if it's a 60D, 75D. The cost to replace the physical battery is the same. I had someone call to add a 60 and it pulled up with a 70. After I explained it, he understood. I still put 60D on ID card though.
Frankman60
Member
For Tesla owners in Southern CA using AAA (Automobile Club of Southern CA) beware of recently increased rates for Tesla vehicles, and their inability to rate the correct battery size as described in this thread. I have had AAA for more than 10 years with no claims or moving violations so this is the best rate they could provide for my MS 60 with good coverage ($1900 per year). After a lot of discussion with representatives at AAA I found that AAA agrees that they have high rates for Teslas. I'm guessing that this is because they insure a lot of Teslas and separately track repair costs for Teslas. A quote from Ameriprise through CostCo was just under $1000 per year for the same coverage. By the way, the $1900 quote from AAA would be much higher if I didn't already have two cars insured with AAA on the same policy because the $1900 also reflects a multi car discount. The Ameriprise quote of $1000 only includes the Tesla MS on the policy.
Cyclone
Cyclonic Member ((.oO))
So I always noticed my policy simply said 2013 Tesla Model S EV. No battery size or P/non-P mentioned. I called my agent and was told they go by VIN and that's all they get to pick. Battery size or performance vs. standard isn't there. On a whim, I shopped around. I was paying $1,405 for one year of $250k/$500k/$100k + Uninsured/underinsured at the same levels, $500 comp/$500 collision deductible, $1k medical payments to others, towing, and roadside assistance. I shopped around and all the quotes I got also only said 2013 Tesla Model S. State Farm and Nationwide were higher, Geico and Allstate were about $500 for 6 months, but Progressive came in at $360 for 6 months. Needless to say, I am now a Progressive customer. I lost my $90 multi-policy discount on my homeowners with Travelers, but I more than made up for that in the auto policy savings. Now, I'm sure Progressive will be higher in six months, but I'll just switch again if I have to. 
BrandonR22
Member
Guyssssss- so if you've been with your auto insurance company for longer than 3 years call them up and ask for a 'rerate, rewrite' what it does is (typically) keeps your tenure and offers the new business discounts you once originally got. It's a way for The company to keep you as a customer and offer the most competitive rates. Do keep in mind though, if you moved or your credit score has gone down that can possibly make your rerate higher. You don't have to accept the rerate though if you don't like it or it came back higher.
The MS60* is a 75 with a different badge. The value savings comes with the price of the car. But Tesla has said lease-turnbacks will be re-badged as CPO 75. So, your MS60* is an MS75 sold for cheap, with range limited. I think it should be rated as a 75 because as the insurance-guy said, if a battery pack is broken through a comprehensive claim that doesn't lead to venting with flame, you need to replace a 75 kWh battery for some reason. The value has already been given with the purchase price (or lower lease monthlies).
Cyclone
Cyclonic Member ((.oO))
That's what my agent tried first. Took $100 off when rerating. Um, no. But good advice nonetheless!
theslimshadyist
Active Member
jelloslug
Active Member
I have State Farm and my 60D does not even show up in their system at all. I had to get it listed as a 70D...
My insurance company showed my 85d as a p85d. I needed them to call a service centre to prove they were classifying the vehicle wrong. In the end they managed to manually adjust and all is good. The best news is that when my papers came through the mail, I ended up getting an electric vehicle discount (the amount was not specified) and my insurance was more than $300 less than the car I was replacing.
My insurance is with TD insurance.
My insurance is with TD insurance.
HumanGenome
Member
Electric700
Active Member
I doubt that you have a 90 kWh battery. To check, turn your steering wheel all the way to the left and look at the front passenger side wheel area. To the left you should see a white sticker that will have the kWh rating on it (e.g. 75 kWh). The insurance companies may just have incorrect information that needs to be updated.
I just signed up with Progressive and they are saying that they only see "Model S - 4dr" as the only option. No change in battery available. Can anyone confirm similar? Someone earlier in this thread said they got a rebate from Progressive. I have a 60D so figured it may be meaningful for me.
