Preface this by saying i understand that car insurance is extremely personal and dependent on personal history - for reference i have a clean driving record with no citations/accidents.
Currently with Geico and was paying around $540/6 mos for an 06 honda with 2 drivers on the policy. Now adding a Tesla Model Y and insurance jumped to $1075/6 mos with the 2 drivers.
Breakdown of new premium is around $380 for the honda and $694 on the tesla
Coverages on the Honda remain the same ($0 comprehensive deductible, $50 collision deductible - seems unnecessary but its dirt cheap so figured why not).
Coverages on the Tesla is $500 deductible for both comprehensive and collision. Could go with the only other higher deductible $1000 but the savings to me is not worth it.
Only "other" coverages i opted for were towing/labor at $8/vehicle.
- Bodily injury for all is $300k/$300k (required by umbrella policy)
- Property damage liability is at $100 k (required by umbrella policy)
- Combined uninsured motorist/underinsured motorist bodily injury also at 300k/300k (not included in umbrella so could go lower on this to save money but feel comfortable at these limits matching bodily injury)
So overall was paying around $90/month for one car (06 model) with 2 drivers and now at $180/mo for 2 cars and 2 drivers.
This seems reasonable right? I am still shopping around but wanted to get an idea of what the consensus was. Have heard teslas could be very expensive to insure but this seems ok?
Currently with Geico and was paying around $540/6 mos for an 06 honda with 2 drivers on the policy. Now adding a Tesla Model Y and insurance jumped to $1075/6 mos with the 2 drivers.
Breakdown of new premium is around $380 for the honda and $694 on the tesla
Coverages on the Honda remain the same ($0 comprehensive deductible, $50 collision deductible - seems unnecessary but its dirt cheap so figured why not).
Coverages on the Tesla is $500 deductible for both comprehensive and collision. Could go with the only other higher deductible $1000 but the savings to me is not worth it.
Only "other" coverages i opted for were towing/labor at $8/vehicle.
- Bodily injury for all is $300k/$300k (required by umbrella policy)
- Property damage liability is at $100 k (required by umbrella policy)
- Combined uninsured motorist/underinsured motorist bodily injury also at 300k/300k (not included in umbrella so could go lower on this to save money but feel comfortable at these limits matching bodily injury)
So overall was paying around $90/month for one car (06 model) with 2 drivers and now at $180/mo for 2 cars and 2 drivers.
This seems reasonable right? I am still shopping around but wanted to get an idea of what the consensus was. Have heard teslas could be very expensive to insure but this seems ok?
Statistics: Posted by tydbogle0824 — Thu May 16, 2024 10:18 pm — Replies 0 — Views 83