I had Allstate before, and they wanted to charge me almost $300/month for my Model S. I switched to Tesla insurance because it was cheaper, but now the cost has doubled since March. I only drive 10-15 miles per day, mostly in town, and yet my premiums keep climbing. The Safety Score system is also frustrating.
For example, I keep getting dinged for ‘excessive speeding’ because it doesn’t recognize when I leave a construction zone. It thinks I’m doing 75 mph in a 45 mph zone for miles. Also, my Safety Score says I’ve had forward collision warnings, but my car hasn’t alerted me to any in months. It feels like the system is penalizing me unfairly.
Looking for recommendations for alternatives. Who are you all using?
Do you have your Forward Collision Warning set to ‘Medium’? If it’s set to ‘Late,’ it might not beep at you for potential collisions but still ding you in the Safety Score. I had to set mine to ‘Late’ because it kept going off unnecessarily at a particular turn near my house. Even though I stopped hearing the alerts, my score took a hit. At least in California, Tesla can’t use Safety Scores to change premiums, but my rates still went up.
I used Progressive for a few years and then switched to Farmers when they offered me a better deal. Now Farmers is raising rates, so I’m in the market again.
I’m sticking with Tesla insurance because everything else is double the price for me in California. I’m 42 with a clean record, but traditional insurers just don’t seem to know how to handle EVs.
I use the American Family insurance program through Costco. I’m paying about $160/month for my Model 3, which is the best rate I could find. Keep in mind they aren’t accepting new customers in some states, though.
I had Tesla insurance in Texas, and it was cheap, but their customer service was terrible when I got into an accident. Switched to American Family through Costco for about $700/6 months.
Insurance rates are climbing everywhere because of natural disasters and higher repair costs. Companies are either raising rates or pulling out of certain markets altogether to stay afloat.
It’s not just about the cost—it’s the inconsistency. My Tesla insurance was $57/month in April and has climbed to $126/month, even though my driving habits haven’t changed.