Tesla model 3 insurance

s8n

Folks - starting a separate thread as it keeps getting lost in the main Tesla 3 thread.

Now that the pre orders have started, can we compile a list of insurers / brokers who can (reasonably) insure the model 3 ?

I spoke to Aviva and 123 today and both won’t currently insure

jusmeig

s8n wrote: »

Folks - starting a separate thread as it keeps getting lost in the main Tesla 3 thread.

Now that the pre orders have started, can we compile a list of insurers / brokers who can (reasonably) insure the model 3 ?

I spoke to Aviva and 123 today and both won’t currently insure

I don't think any company will insure the Model 3 until it enters the market, what are they going to insure?

Old diesel

s8n wrote: »

Folks - starting a separate thread as it keeps getting lost in the main Tesla 3 thread.

Now that the pre orders have started, can we compile a list of insurers / brokers who can (reasonably) insure the model 3 ?

I spoke to Aviva and 123 today and both won’t currently insure

Did they say why they won't insure?????

ted1

I don’t think they can offer quotes more than a month in advance

Rafal

I only noticed this thread, having replied to someone on another, who says they cannot get insurance. Perhaps this will help anyone who gets refused insurance.

Yurple wrote: »

Now I have called every broker and insurance company but nobody wants to insure me... not even for a big premium.

Actually, you can get insured in Ireland using the Declined Cases Agreement (DCA) procedure, as long as you are prepared to pay a bigger premium. First of all, you need to get 3 refusals, which you need to have in writing—insurers should always ask you if you would like a written “letter of refusal”, make sure you get one. At that point you contact the Declined Cases Committee of Insurance Ireland, who have the legal power to force an insurer to offer you a policy, unless offering the insurance to you would be “contrary to public interest”, the only reason why you could get refused insurance.

The rules also stipulate that while the premium may be high, it cannot be “excessive” as that would be tantamount to a refusal.

You need to keep a record of who you have asked for insurance and in what order, as the first insurer you asked is the one that would normally be requested to insure you. Detailed procedure is here.

By the way, these rules apply to any type of insurance in Ireland, not just motor insurance.

And...there is no point doing any of that until the cars have arrived in Ireland and are on the insurance company books. No one will offer a quote until the first ones have been homologated and the first VINs registered and approved here.

DinoMix

Try kennco.ie
Not cheap but will give you a quote on a model 3

Machi

DinoMix wrote: »

Try kennco.ie
Not cheap but will give you a quote on a model 3

Wasn't expecting to see any Model 3 quotes available till July.
Just tried kennco.ie through their normal car insurance quote flow and after selecting Tesla, the only models that appear for me in the dropdown are the Model S and the roadster (No model 3 or model x).

How did you find Model 3 in the dropdown? Are you an existing Kennco.ie client perhaps?

DinoMix

Yes I’m an existing kennco customer. I sent them an email and got a quote the next day

jusmeig

DinoMix wrote: »

Yes I’m an existing kennco customer. I sent them an email and got a quote the next day

Do tell?

jarrieta

Ok, a bit related to Tesla, as I will need to insure my Model 3 hopefully shortly. My 520D I am replacing is insured with Zurich that don't insure Teslas, so not sure what options do I have.

I also have a leaf insured with AIG that I have to renew in 3 weeks, one option would be to get insurance of the leaf with Axa or some insurer that will accept insuring the Tesla and swap the policy of the 520D to the Leaf and the leaf to the tesla at the same time, feels very complicated to be honest and risky as won't be able to shop for a good deal on the Tesla

What options do I have? Thanks!

ELM327

jarrieta wrote: »

Ok, a bit related to Tesla, as I will need to insure my Model 3 hopefully shortly. My 520D I am replacing is insured with Zurich that don't insure Teslas, so not sure what options do I have.

I also have a leaf insured with AIG that I have to renew in 3 weeks, one option would be to get insurance of the leaf with Axa or some insurer that will accept insuring the Tesla and swap the policy of the 520D to the Leaf and the leaf to the tesla at the same time, feels very complicated to be honest and risky as won't be able to shop for a good deal on the Tesla

What options do I have? Thanks!

Your existing insurer has to quote you.

jarrieta

ELM327 wrote: »

Your existing insurer has to quote you.

But Zurich doesn't insure teslas, I doubt they will be able to insure the Model 3 as early as next month (or months :P )

sk8board

jarrieta wrote: »

But Zurich doesn't insure teslas, I doubt they will be able to insure the Model 3 as early as next month (or months :P )

Whats the reason for not insuring Tesla's?
Surely its based on some risk assessment - environmentally friendly EV drivers (middle aged, higher income, safer, mostly!) in a brand new car would usually represent a lower risk profile?

ELM327

But even if they don't quote for new business, your existing insure is obligated to quote you for a change in vehicle.

...Ghost...

sk8board wrote: »

Whats the reason for not insuring Tesla's?
Surely its based on some risk assessment - environmentally friendly EV drivers (middle aged, higher income, safer, mostly!) in a brand new car would usually represent a lower risk profile?

The sinister side of me suspects the connection between Jeff Bezos and Zurich Insurance may have some influence in this.

Old diesel

sk8board wrote: »

jarrieta wrote: »

But Zurich doesn't insure teslas, I doubt they will be able to insure the Model 3 as early as next month (or months :P )

Whats the reason for not insuring Tesla's?
Surely its based on some risk assessment - environmentally friendly EV drivers (middle aged, higher income, safer, mostly!) in a brand new car would usually represent a lower risk profile?

Afraid of repair costs?????.

Very fast/powerful cars?????.

Irish insurers have form over the years for having brown trouser moments when cars that in other countries are totally normal are put forward for insuranc

Think back to the peak of Subaru in Ireland when Subaru Imprezas were still formidable rally and road cars*.

See also how they handle a car when it goes from 14 months and 364 days to exactly 15 years old.

Overnight the exact same car with same driver and no change in circumstances suddenly becomes uninsurable.

Btw Zurich were declining cars over 10 years old back in 2007/08.

So probably a very risk averse company generally

*Pre 2008 and the hatchback and silly road tax

Del2005

Old diesel wrote: »

Very fast/powerful cars?????.

This.

I've a GS450h and the amount of companies that won't quote is huge. I'd one broker have a sharp intake of breath when they entered the reg and another on a call back got all flustered when the computer said no when my details came up. Anything not a bog standard family car is difficult to insure in this country.

Zenith74

Old diesel wrote: »

Very fast/powerful cars?????.

I wondered about this recently after test driving the Kona. As a car enthusiast I love the power, but between the amount of power and front wheel drive it reminded me of driving a Focus RS a few years ago. I described the Kona to friends as a weapon, meant in a positive way, but I cannot imagine handing it to my 17 year son.

Would be very cool if manufacturers could allow you limit EVs to standard/eco mode, maybe via a PIN code or something. But also wonder if we'll see insurers ask the kW output like they used to ask the engine size, and will this lead to a pulling back of the power output.

Personally think the Leaf24 has more than enough power up to about 80km/h for the average person, if they could maintain the same level of output up to say 140km/h it would be perfect.

slave1

This is going to be a very interesting thread in late July and early August, can folks please post their insurance costs up here as a heads up to the community

jarrieta

slave1 wrote: »

This is going to be a very interesting thread in late July and early August, can folks please post their insurance costs up here as a heads up to the community

I am already quite nervous as not sure what can I do if my current insurer refuses to insure the model 3 (current insurance runs until next Jan)

Sabre Man

Zenith74 wrote: »

Would be very cool if manufacturers could allow you limit EVs to standard/eco mode, maybe via a PIN code or something.

Teslas have valet mode and speed limit mode, which you can enable in your app via a PIN.

Lackadaisical

Oh great! Yet another disincentive / blockage to EV adoption in Ireland.

thos

Not a 3, but for reference Tesla Model X, wifes current insurer its4women (who are terrible anyway) wouldn't insure, Aviva wouldn't insure (house and spouse policy with them already). Got insurance via 123.ie, quite reasonable and cheaper than previous Jag F-Pace.
Higher value might be a factor, the websites don't help when they require a cc value and don't accept 0.
I'm putting most of it down to a slow industry who are just a bit behind. I don't believe there is any fear of EV's or conspiracy.

Luckylow10

What about AXA..?

https://www.tesla.com/en_IE/support/insuremytesla

Excellent, one less hurdle defeated! Go Tesla!

thos

Luckylow10 wrote: »

What about AXA..?

https://www.tesla.com/en_IE/support/insuremytesla

Actually we tried AXA for our X also, they did quote but came in too high. Wife had a claim a couple of years ago, some insurers weren't bothered but AXA had a longer timeframe and jacked up the premium.

sk8board

Old diesel wrote: »

Afraid of repair costs?????.

Very fast/powerful cars?????.

SNIP

See also how they handle a car when it goes from 14 months and 364 days to exactly 15 years old.

Overnight the exact same car with same driver and no change in circumstances suddenly becomes uninsurable.

older cars carry more risk because they are considered less safe by new car standards, and tend to be used as a bumper car, where repairs won’t be claimed, but a big accident would.
‘Old’ has to start somewhere, so 10 years is the point chosen.

New car drivers tend to carry less insurance risk - they want to mind their new pride and joy.

As for ‘fast’, the SR+ is no faster than a GTI and slower than a Golf R - and the same purchase price. Ive insured both without an increase in my premium.

I think it’s your first point - the unknown cost of repairs, that’s the issue.
Looking online there are some factual examples of people in the US having staggeringly big insurance repair bills and long wait times for parts.
Take a look at The Fast Lane Daily on YouTube as an example. Current bill is over $10k for some rear bumper damage and the car is off the road for months already at an authorised repairer who has plenty other Tesla’s waiting in line. A total mess it would seem.

Now imagine repairing that damage in stillorgin ...

sk8board

sk8board wrote: »

older cars carry more risk because they are considered less safe by new car standards, and tend to be used as a bumper car, where repairs won’t be claimed, but a big accident would.
‘Old’ has to start somewhere, so 10 years is the point chosen.

New car drivers tend to carry less insurance risk - they want to mind their new pride and joy.

As for ‘fast’, the SR+ is no faster than a GTI and slower than a Golf R - and the same purchase price. Ive insured both without an increase in my premium.

I think it’s your first point - the unknown cost of repairs, that’s the issue.
Looking online there are some factual examples of people in the US having staggeringly big insurance repair bills and long wait times for parts.
Take a look at The Fast Lane Daily on YouTube as an example. Current bill is over $10k for some rear bumper damage and the car is off the road for months already at an authorised repairer who has plenty other Tesla’s waiting in line. A total mess it would seem.

Now imagine repairing that damage in stillorgin ...

All good notions but don't take the US repair bills as benchmark. In a country where an X-ray can cost $10k a car repair bill of $10k for a heavy scratch doesn't surprise me at all.

krissovo

Luckylow10 wrote: »

What about AXA..?

https://www.tesla.com/en_IE/support/insuremytesla

I think this package from Axa for the first year at least would be a safe bet and I will certainly be getting it even if the price is higher than my current insurer.

unkel

How relevant are crash repairs anyway? In my well over 30 years of driving, I've had to have a bumper repaired once (as I got rear ended)

Del2005

samih wrote: »

All good notions but don't take the US repair bills as benchmark. In a country where an X-ray can cost $10k a car repair bill of $10k for a heavy scratch doesn't surprise me at all.

America has cheap cars and expensive medical care. Tesla is concentrating on sales and not on support, which is why when the major manufacturers get their act together on EVs Tesla will be no more. People won't accept the lack of support the early adapters do.

Del2005

Del2005 wrote: »

America has cheap cars and expensive medical care. Tesla is concentrating on sales and not on support, which is why when the major manufacturers get their act together on EVs Tesla will be no more. People won't accept the lack of support the early adapters do.

The cars and fuel is cheap but any service industries I find expensive. Especially in large cities. And if the insurance company pays like in car body repairs and medical bills the resulting costs are inflated to ridiculous levels.

Parts availability in Europe is a big question mark but unlike in US Tesla cannot limit servicing and repairs and parts avaiability to Tesla approved garages only so there will be more competition.

krissovo

Del2005 wrote: »

Tesla is concentrating on sales and not on support, which is why when the major manufacturers get their act together on EVs Tesla will be no more.

I actually think the support from Tesla will surpass traditional manufacturers in a couple of years. Tesla support is very innovative and using guides from the Tech industry. Support can be compared to a Server, if you have an issue you ring a Service Desk, they run diagnostics over the air. If they cannot fix they have options to send out a "Tesla Ranger" or book you into a Service center.

I was in Colorado working and my colleague had a ranger come to the workplace and they fixed a number of issues. I dont think VW or Nissan would that.

jarrieta

krissovo wrote: »

I think this package from Axa for the first year at least would be a safe bet and I will certainly be getting it even if the price is higher than my current insurer.

But what happens if I am in the middle of the policy with my current insurer, and it won't insure it?

CoDy1

RSA through Broker (Sertus) are quoting for Teslas, I got a quote from mine for around €650.00 on a Model S p85d

Old diesel

unkel wrote: »

How relevant are crash repairs anyway? In my well over 30 years of driving, I've had to have a bumper repaired once (as I got rear ended)

The relevance is that a crash repair issue might be a reason for an insurer to decline Tesla cover if they think they are going to be stuck with excessive repair bill and long wait times vs the norm.

ELM327

jarrieta wrote: »

But what happens if I am in the middle of the policy with my current insurer, and it won't insure it?

They are required to quote you as an existing policy

sk8board

Old diesel wrote: »

The relevance is that a crash repair issue might be a reason for an insurer to decline Tesla cover if they think they are going to be stuck with excessive repair bill and long wait times vs the norm.

Exactly the point I was making.

Insurers aren’t just being a pain - this is all to do with risk profile, and the servicing and repairs of Tesla’s are partly unknown - and what is known is definitely expensive.

We await the first “My Tesla got rear ended. Now what?” thread

TychoCaine

I was on the AXA site the other day and I got a quote for a Model S P60, seeing as the Model 3 isn't listed yet and was pleasantly surprised. It was only €150 more than the Mondeo I currently have insured with them. There's horror stories in the US about cost and lead times for Model 3 repairs which, if repeated over here, have to drive repair costs through the roof.

dingledosser

I called Axa today for a quote. No joy, it's still not in the system. The rep said she'd talk to the underwriters and get back to me. I don't hold my breath.

dingledosser

Got a mail from Axa to say Model 3 will on their list by the end of the month.

jordan191

model 3 performance, fully comp with axa, 42 year old male, full clean licence, full NCB, €967 fully comp........second quote my wife ( 42, same ncb with me as named driver with my own car policy) €563 fully comp.......seriously.......€400 quid cheaper

Phil.x

jordan191 wrote: »

model 3 performance, fully comp with axa, 42 year old male, full clean licence, full NCB, €967 fully comp........second quote my wife ( 42, same ncb with me as named driver with my own car policy) €563 fully comp.......seriously.......€400 quid cheaper

I thought that carry on was abolished.

Sourcream

FYI for anyone curious,

Just got a quote from AXA for new model 3 performance.
(They won't insure me until I'm 30, 29 currently but will be 30 by the time it gets delivered!) So I asked them to go on the basis that I was 30 for a hypothetical quote.

Details: Male, 30, licence held 12 years, full no claims, no penalty points

Quote came out at €1163.40

Which is actually cheaper than my current insurance for a 1.4 Renault Clio(€1280).
Which is an unexpected and very pleasant surprise!

KCross

Sourcream wrote: »

FYI for anyone curious,

Just got a quote from AXA for new model 3 performance.
(They won't insure me until I'm 30, 29 currently but will be 30 by the time it gets delivered!) So I asked them to go on the basis that I was 30 for a hypothetical quote.

Details: Male, 30, licence held 12 years, full no claims, no penalty points

Quote came out at €1163.40

Which is actually cheaper than my current insurance for a 1.4 Renault Clio(€1280).
Which is an unexpected and very pleasant surprise!

The bigger surprise, for most people, is that the profile of people buying Model 3 is not your typical €50k buyer... people driving 1.4 Clio's are buying them too!

That means there are alot more potential punters out there for Model 3 than you'd think.

eddhorse

Also it's cheaper if you can put on a significant other person or an OH.

unkel

Sourcream wrote: »

FYI for anyone curious,

Just got a quote from AXA for new model 3 performance.
(They won't insure me until I'm 30, 29 currently but will be 30 by the time it gets delivered!) So I asked them to go on the basis that I was 30 for a hypothetical quote.

Details: Male, 30, licence held 12 years, full no claims, no penalty points

Quote came out at €1163.40

Which is actually cheaper than my current insurance for a 1.4 Renault Clio(€1280).
Which is an unexpected and very pleasant surprise!

There's a nice birthday present for yourself coming up

Well wear!

nilla9000

I've been living in the US and I'm looking to head back to Ireland to have my kids goto school in Ireland, thinking on buying a model 3 and insurance for it and insurance in general is a concern.

I've been driving EVs for a few years now and whilst the torque is nice. Most EVs at least here, are pretty inexpensive to insure. Any got ideas of insurance cost for non Tesla EVs such as Kona, iPace, Leaf?

unkel

Your problem is that you have not built up any No Claims Bonus in Ireland and any previous NCB you might have had, has now lapsed. It might help if you can show your Irish insurer that you have no claims from the US, call a few of them and see what they say.

DesperateDan

Sourcream wrote:

Which is actually cheaper than my current insurance for a 1.4 Renault Clio(€1280). Which is an unexpected and very pleasant surprise!

You definitely got a bit shafted last year, I was 29 last year driving a 1.3 06 Corsa and paid €1000 (3 years ncb, driving for 5 years) with AXA.

This year managed to get the Kona insured for €600 with FBD who were by far the cheapest.

nilla9000

I'm assuming I'll be paying a lot, and to an extent thats fine, I'd just rather get insured in a car I want. Rather than the reverse. Will be interested to hear, peoples experiences with the Model 3 in Ireland once they start shipping.