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PSA: Tesla owners report higher insurance costs due to having the wrong trim level listed

Discussion in 'News from Electrek.co' started by RSSFeed, Jul 13, 2016.

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  1. RSSFeed

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  2. The Pope

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    Does anyone have a ballpark guess at what the insurance will cost for the Model 3?
     
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  3. TrevP

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    I think it would be a safe guess to assume the same as a BMW 3 series. That's the target market for the car after all.
     
  4. The Pope

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    Good point
     
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  5. BigBri

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    It's weird. If I run a quote for a Model S my insurance drops 10 bucks a month compared to my Sonata.
     
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  6. Michael Russo

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    Makes sense, though in countries where insurance is strongly dependent on horsepower, would expect maybe a small premium - initially - for Model ≡, no?
    @Brian_North , either performance is not a factor in this fee calculation or you must have a darn fast Sonata!! ;)
     
  7. MichelT3

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    In my country insurance premium is based on the new-price or taxation value of the car, number of yearly km, region of the country, age of the driver, driving history (number of years without accidents). Not on horsepower.
     
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  8. Matthew Morgan

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    Interesting question. I just got a couple quotes from my insurance broker. Going to a BMW 3 series from a 2007 Scion TC increases my monthly cost by $20. A lot less than expected. Also, upgrading to a Model S is only $25 more than my current POS.... :)
     
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  9. Charlie W

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    @Matthew Morgan "... upgrading to a Model S is only $25 more than my current POS..." Sorry, but I couldn't help laughing when I saw how your evaluated your current car.
     

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