How much are you paying for your model 3 insurance?

[Puzzles]

I've been getting quotes in the range of £1,000 which is a bit of a shock as a 30 odd year old, similar non ev cars only cost me around £350 a year!

[witten]

About £600 and I have a speeding ticket. Direct Line seemed the cheapest

[Monkeylegend]

Another reason to stick with ICE it seems.

I currently insure my 2015 BMW 528i with Saga for £175, they wanted £364 for a 2019 Tesla 3.

My cheapest Tesla 3 quote was Lloyds at £314.

I am lucky to live in a low risk area.

Edited by Monkeylegend on Monday 29th November 20:47

[Puzzles]

witten said:

About £600 and I have a speeding ticket. Direct Line seemed the cheapest

£1200 for their comprehensive plus policy. Maybe it goes down after the first year.

[annodomini2]

£480 ish for 2021 M3 LR with LV.

Peugeot as supposedly the cheapest atm, backed by the same underwriter as Direct line.

[witten]

Monkeylegend said:

Another reason to stick with ICE it seems.

I currently insure my 2015 BMW 528i with Saga for £175, they wanted £364 for a 2019 Tesla 3.

My cheapest Tesla 3 quote was Lloyds at £314.

I am lucky to live in a low risk area.

Edited by Monkeylegend on Monday 29th November 20:47

a £54k valued car versus a 6 year old BMW though. Their payout is much higher on any brand new car.

[Monkeylegend]

witten said:

Monkeylegend said:

Another reason to stick with ICE it seems.

I currently insure my 2015 BMW 528i with Saga for £175, they wanted £364 for a 2019 Tesla 3.

My cheapest Tesla 3 quote was Lloyds at £314.

I am lucky to live in a low risk area.

Edited by Monkeylegend on Monday 29th November 20:47

a £54k valued car versus a 6 year old BMW though. Their payout is much higher on any brand new car.

Maybe but the biggest element of insurance payouts, so I am led to believe , is for third party claims.

I got quotes for a newer BMW valued around £40k when I was looking for mine and the premium was only a few £'s more, still under £200.

[limpsfield]

About £400 for mine with full no claims.

When I first got it and looked online, quotes were £800+. I think LV is a competitive insurer to speak to directly

[caseys]

limpsfield said:

About £400 for mine with full no claims.

When I first got it and looked online, quotes were £800+. I think LV is a competitive insurer to speak to directly

Definitely not for me, for a man in his 40s. £1450 from LV.

Cheapest quote I've got today is £760. A few under £800. Fully comp with 5 years no claims.

[Puzzles]

I'm in my 30s so could be par for the course

[caseys]

So just got my policy as picking my car up next week.

Amended the policy to add an extra 3000 miles a year to it. Unticked the tracker as it’s not a thatcham.

Quote goes from £760 to £600.

Not sure I’ll ever fully understand the insurance industry. Still, one more thing sorted.

[NDA]

Just renewed mine with Direct Line. £638 for 12,000 miles.

I have max no claims and live in a middle of nowhere location.

It was £511 for 7,000 miles, but I put it up as I use the T a lot.

[FlexRay]

38 Years old, 7 Years No Claims, 6 Points in the last 5 years, Partner with no points, also 38.

£650 Fully Comp - Direct Line

M3LR 2021

I hear Peugeot insurance comes in extremely cheap, I had already sorted mine before they became popular.