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

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TrevP

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

Michael Russo

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#6
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.
Makes sense, though in countries where insurance is strongly dependent on horsepower, would expect maybe a small premium - initially - for Model ≡, no?
It's weird. If I run a quote for a Model S my insurance drops 10 bucks a month compared to my Sonata.
@Brian_North , either performance is not a factor in this fee calculation or you must have a darn fast Sonata!! ;)
 

MichelT3

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#7
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.
 

Uricasha

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#8
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.... :)