Tesla Insurance

[NorthDave]

Hi All

I wondered if anyone could recommend a good broker (or company) for Tesla insurance?

I have previously insured through Stuart Collins as I spend fair chunks of time in Europe and they dont do Telsa! I'm not sure why....

Thanks in advance.

[SlowAndDull]

I found Direct Line to be the only vaguely competitive quote - LV were 50% higher and all other insurers and brokers were well over £1000.

Edit to add: I also struggled to find many companies willing to quote!

[MOBB]

I found LV to be by far the cheapest. Best thing is to shop around as quotes seem all over the place for Teslas - a friend of mine was quoted £1.8k for his Model S by one company, £400 by another.

[lothianJim]

Very happy with Churchill. Handled a no fault claim great. Seem to have more tesla approved garages on their books

[NorthDave]

Thanks guys

It never occurred to me that it might be difficult!

[Shaw Tarse]

I saw somewhere on YT (a while go, so things may have changed) where somebody pranged a Tesla & had problems getting it repaired due to getting parts. Theirs was still driveable, but I guess insurance companies could be put off paying for hire cars if one was off the road for months.

[Fastlane]

Just try the usual comparison sites. Prices are all over the place, but all have high excesses. I used LV with £1000 excess and got my excess insured via ALA using the discount code on here, as it proved to be cheaper than lowering the excess on the main policy.

[NorthDave]

I've just had what seems like a decent quote from Direct Line - certainly less than I am paying currently on a 335d Xdrive touring. Although the current policy does allow unlimited european travel.

[audi321]

Definitely direct line. Less than half the price of any comparison quotes

[gangzoom]

audi321 said:

Definitely direct line. Less than half the price of any comparison quotes

Like all other cars you have to shop around. DL was cheapest for us for 2 years but last year jacked up prices, going from £360 to wanting £640. Currently with LV for £440. Some have got cheaper quotes with Admiral/Churchill, I didn't. Next renewal might be different.

Its the same for my wifes Lexus, and every car I have ever owned. If you don't shop around you pay extra for been loyal customer.

[thecremeegg]

Shaw Tarse said:

I saw somewhere on YT (a while go, so things may have changed) where somebody pranged a Tesla & had problems getting it repaired due to getting parts. Theirs was still driveable, but I guess insurance companies could be put off paying for hire cars if one was off the road for months.

Pretty sure this is the reason, the parts take too long to arrive and hence drive up claim costs.

[Blue Oval84]

Novo Insurance worked well for me when insuring our works Tesla.

[juniorbox]

I couldn't get any quotes for less than £1,700 (including with current insurer) - I'm 42 and live in a boring area! Logged on to current insurer and changed car on current policy - £900. Weird, but maybe worth a try?

[TheRainMaker]

Why on earth are these cars so expensive to insure?

Is it all electric cars or just Tesla models?

[lothianJim]

Some valid reasons eg repair times. But also lack of data perhaps means some insurers play it safe.

I had renewal quotes ranging from 600 to over 2k with identical info.

The cheapest quote came from A company who I understand are one of the few with authorised Tesla garages and the volume to quote accurately.

[TheRainMaker]

Just went and done a quote,

£684.00 fully comp with £200 excess.

Model 3 Performace

Age: low 40's
Claims: None
Points: None
Usage: Business 10000 miles
Stored: Driveway

That's not too bad, still around twice as expensive than my Vantage though with the same info.

This quote was with Admiral BTW.

Edit: Forgot to add which car.

Edited by TheRainMaker on Thursday 5th November 11:51

[Order66]

Try Churchill. They were by far the best for my M3P.

[Bobtherallyfan]

TheRainMaker said:

Why on earth are these cars so expensive to insure?

Is it all electric cars or just Tesla models?

Given that a large number of Tesla drivers seem to think it’s a matter of honour to show the masses how quick their cars are, I’m not surprised insurance companies are considering them a relatively high risk.

[Somebody]

Bobtherallyfan said:

Given that a large number of Tesla drivers seem to think it’s a matter of honour to show the masses how quick their cars are, I’m not surprised insurance companies are considering them a relatively high risk.

Really? This is contrary to my experience, where all Teslas I come across are driven with restrain and some, probably to eek out as many electric miles as possible. Mind you I see them mainly on motorways so probably on autopilot at 68 mph.

[audi321]

Bobtherallyfan said:

Given that a large number of Tesla drivers seem to think it’s a matter of honour to show the masses how quick their cars are, I’m not surprised insurance companies are considering them a relatively high risk.

Where do you get that comment from? I've never seen a Tesla driving agressively, nothing like a BMW driver!