I Got Tesla Insurance!
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- เผยแพร่เมื่อ 1 มิ.ย. 2024
- Is Tesla Insurance Worth it? I sign up and compare the prices to what I had before.
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Went through your experience, using Progressive for the initial 6 months, then premium went up next 6 months, then went up again for next 6 months and I saw no end in sight. Then, Tesla insurance became available in Texas and I jumped on it ASAP. Much less expensive, however, the safety score messes with your sanity and reduces the Tesla driving experience. You have to determine what is more important.
So, if you're following at a reasonable distance, and someone in front of you slams on their brakes, your safety score will be impacted because you had to stop quickly? And if you had to make a turn aggressively because the person behind you wasn't slowing down and you needed to get out of the way quickly to avoid getting rear ended, your safety score will be impacted because you made a turn too quickly for the car's liking? Or what if you take your car to the drag strip and drive it like you never would on a road?
@@JustinDaniels Excatly right! Not that one should but I hesitate using the brakes or hard turning to avoid because it will affect my rate. The forward collision system is also too sensitive as it pertains to how people actually drive being licensed for 30+ years.
i had it also I felt like that’s how they get you to pay more you can be so far yet the car infront we’ll be red for no reason it’s like you have to drive your car with a
Bubble radius
The way i view it is no matter what the score is, Tesla insurance will still be cheaper because there is such a huge price gap between the two. So drive however you please because either way you're saving money.
@@TheKwattK Precisely. So many people missing the point is that Tesla insurance is cheaper in most cases. I hate the legacy insurance industry. They give you a reasonable rate to get you to sign up, then jacking it up at least 10% every six months.
If you call Tesla Insurance you can increase the coverage to try to get a fair comparison. And they will also ensure all vehicles including your roadster assuming you have at least one Tesla on the account already. That non-Tesla or roadster in your case would not have the real time safety score but would benefit from a group discount
“Tesla - 15 minutes could save you 50% or more on car insurance” 😆
U mean 11 min
We had progressive as soon as we bought our Tesla and we had it at $330 a month. We got Tesla insurance 2 days later for the exact same coverage at $114 a month. So far so good. Driving score is about 94
is that for the whole family? I drive a leaf, my wife is getting her Y soon..If I drive her Tesla occasionally, I would need to sign up for Tesla insurance too?
@@giomusah2155 I don’t believe so. Because there is only 1 driving score and that’s just for the car. Because insurance doesn’t necessarily care who drives it. They care how it’s being driven. So you won’t have to sign up for Tesla insurance if you already have under her name. But I could be wrong about this. Only 1 primary person drives our car
If you drive crazy will it go up? I’m 16 and I drive pretty crazy and speeding and I don’t want it to go up with that
@@phantomjosh2148 yes it will go up. Speeding doesn’t really bring it up too much but driving crazy definitely will. Be a safe driver. Even if you know what you’re doing, it can impact others around you who may not be that experienced. Stay safe.
@@DillonCleans well damn thanks for telling me I’ll definitely stick to geico. I don’t want my insurance going up because I like to cut through traffic when the speed limit is 65 and everyone’s going 50 😭 and I also like to accelerate fast at stop signs and red lights
He gets a calculator yet insists on using Siri for his math 😂😂
Lol I was surprised when I saw he got a calculator
Same
Teslas are going to start doing everything! Hope the services they provide make our lives easier or simpler.
i need mine to start going to work for me.
considering how sketchy they are about independent repairs and being able to 'turn off' things you bought , more then likely they are going to be extra scummy to insurance claims.
The coverages are king that what makes premiums go up. My step mom had a bad accident years ago and the lower coverages she had almost screwed her. My family bumped up coverage levels just to make sure. Cool video.
Im 26 and I have a Tesla and Tesla insurance. I originally had progressive with minimum coverage and paid 94/month. I now have Tesla and pay 130/month but I have FULL coverage. Full coverage with progressive was 329/month. So it’s definitely worth it!
do you have any previous accidents or is that rate with no accidents? and what State are you in? thanks!
Love the videos, been watching for a while but I can’t get enough.
This is a great video! Thank you for the insight about to get 2017 Model S.
im from morocco and ive been watching you for 2 years and really proud of you guys
I hope you're comparing coverages. I wanted to go Tesla too, but my coverage limits are considerably better for the same premium as Tesla wanted. I would even pay slightly more, but Tesla wouldn't let me up the coverages to match my current insurance policy.
Did you not watch the whole video? He does that
@@angrilothangriloth3558 He actually doesn't because he quickly finds that Tesla doesn't offer the same levels of coverage that the guy insurance shopping already had with Progressive--which was 3X+ what Tesla was offering at its base level.
Update: I checked again and they now allow me to up coverage to the levels my current policy is at. Signed up for Tesla insurance yesterday!
May be u need to look at what's more important to u. To be involved in an accident and make a claim or hope never to have one and pay less in insurance. I think he chose the latter.
@@an1m Yeah but he compared coverage and realized that his current insurance was way more comprehensive. So my point still stands
I have a model 3 lr that I bought a year ago, almost to the day in Texas. I had Safeco insurance (2 vehicles, 2 harleys and our home). They wanted $90/month. Tesla started with the 90 safety score at $75/month with exactly matching coverages. I typically run 97 on my safety score which has averaged $68.53 for the year. I was just informed that Tesla was changing from using an underwriter to having Tesla underwrite and that my new premium after the change would be $60.55 which was over $8 less. I drive less than you. The safety score process will incentivise you and yours to be better drivers. It's more about ego than money. The good part is they are very clear about what they don't like. They don't care at all about acceleration or speed. Tailgaters beware. Use autopilot, it can brake hard in situations that would earn you a ding. It also can corner faster without a ding.
I've had a Model 3 for 3 years and my wife a Model Y for 2 years. We are long term State Farm policy holders. We pay $72 and $66 per month, respectively. I always hear people say how much Tesla's are to insure but that has not been our experience. In Fact, when we bought her Model Y we replaced a 2015 Mazda CX-5 with the same coverages, and the rate went down $10/mo when we bought the Model Y. We drive over 20,000 miles a year in each car.
Hi Brian do you mind sharing your insurance agent contact info as I couldn't find that rate from anywhere
@@jigs8437 Andy Formica, Bridgeport WV. interestingly my model 3 has gone up some but not the model Y. They claim that they are getting rated higher now because State Farm is starting to get enough claim data on these relatively new cars to support higher premiums. Still a pretty good price though in my mind. It’s also worth noting that we have a multi line discount for home,etc. not huge but I’m sure it’s a little extra savings.
Thank you it really helps my family watches you all the time.
I checked on my Tesla app for insuring my Tesla Model X but I didn't see if it covers Rental reimbursements that my current Allstate policy covers. Does your Policy have that coverage?
Tesla insurance is great in terms of the premiums and ease of use. I have had 2 glass claims with them (I live in AZ so lots of glass claims here) when they sent reimbursement checks they never sent them until I reached out and asked them about it. Not to mention if you ever call into the claims department, be prepared to wait 2+ hours on hold
Driving score fluctuated from 96-100 depending on the month
I got it in Illinois. With the default 90 safety score I was paying $80/month for the first 2 months. Got the score to 98 and now paying $60/month.
90 is the base safety score. After 2 months your rates drop or increase based on your driving. Accelerating or speeding makes no difference in your score. I typically only get dinged in aggressive turning and occasionally hard breaking when I have to use the break. My score is 98 now and I saved an additional 30% off that initial 90 base score
Most insurance companies where I live have $1M coverages outlined especially liability in case you cause personal injuries or hit a house, etc. think twice about such low coverage
Also consider required minimums of your umbrella policy. It may require $1M auto
I wish we could have seen the diving scores on other vehicles, like the one you drive. I know you said you drive aggressively, so it would be interesting to see.
Presumably you have umbrella insurance since you have a high net worth. Often the umbrella policy will require higher coverage limits on your car / home. E.g., mine is at $500k, but yours might be at $1M. I'm curious what your insurance agent said the next morning.
Even non high net worth people should have an umbrella
💯
Just got Tesla insurance. Have a model 3 and Toyota Sienna. Was paying $352/month with Geico. Now $201/mo with Tesla for identical coverage.
I also saved 50% versus Farmer’s in California. I had to call Tesla Insurance to raise the coverage rates to the same as Farmers (which was $250K). No brained to go with Tesla. Has a lot to do with Tesla get in far less accidents versus other cars without their active safety features.
State Farm has similar thing but you put this little senser thing in your car and it detects when you have phone distractions hard braking fast acceleration sharp turning.
I'm shocked by the insurance prices in the US. My insurance (on a 2010 small gas car) is $250 a year + road tax at $300 a year. I thought my insurance this year was a bit high at $1700 for a house, a car and an RV (including road tax). Don't think I'll be complaining about the insurance price any time soon. (we also don't need medical insurance because of free health care).
You also have much higher taxes.
@@oppinoy and free health care... if you really look in to taxes (it all depends on the state and amount earn) the difference isn't really that big 🤔
@@oppinoy No we don't. In 2021 the average tax rate was 5% higher here then the us. For those 5 % we get free health care, good education system (that we also don't have to pay for notebooks nor any supplies for teachers), all public universities / collages are free, payed sickleave (upto 1 year, after that you still get paid but go over to an intermediate (for 4 years) before you might get better or go on disability pay) and pension pay, just to mention some of the benefits we get.
What country? 👀
@@random.asmr.unboxing249 I'm not comfortable saying what country I live in, but it's in Europe. Those tax prices and benefits are quite common with small variations in most of western Europe.
Great video. Your first two months are based on a 90 score by default. We keep our scores about 96-98 and our rates dropped another 25% after those two months. Easy to monitor your score and upcoming rates in the app too! Good luck.
I love it when they upload
Me and my brother have 7 Teslas. Plaid S, Plaid X, 2022 Model X, S, S, 2015 Model S and Model 3 2017. This month I was billed $880. Comprehensive deductible is $500, collision is $1,000. No other insurance can beat this price. Tesla will crush Progressive and Geico.
Damn can I have one… 😭
@@r3x_delta30 rent out a Model 3 from Hertz and start doing Uber. You’ll get to enjoy Tesla and make money. 😏
I have a MSP and the difference between Allstate and Tesla is $20 a month. Allstate is not monitored. So I’ll eat the $20 and live free lol
How much coverage do you guys have for medical payments per person? I just realize mine is only covering $1,000 per person as compared to my State Farm coverage of $5,000. I want to make sure I’m not the only one and if I am, I want to see if they would adjust it for me.
U guys grow a lot and btw I love ur vids
Double check your umbrella policy. It likely required those higher limits on the auto policy be in place.
Great job with the editing.
Any discounts for having multiple car coverage?
Will the insurance customer service be equivalent to the car’s customer service?
My coverage limits on my Tesla policy in Texas are much larger than the coverage limits on my other Farmers auto policy and SO much cheaper.
Farmers couldn’t even quote me on a comparison rate because they don’t even offer limits as high as Tesla.
I just bought a 2020 Tesla 3 performance. My insurance in California is $160/month.
Tesla insurance is so easy too! Best experience I have had with insurance companies. I love Tesla insurance.
I'm counting on Tesla insuring my Cybertruck. So much more likely to be less expensive, and for claims to be handled professionally.
I'm also expecting Tesla insurance to make a TON of money for TSLA.
why would it be less expensive. everything they do is MORE expensive.
In MN progressive quotes me 940 for the year so 82ish a month for a 2023 M3. Tesla for the first 2 months charged me 90 dollars a month with the assumption of a 90 safety score. I currently have a 98 safety score and my projected 3rd month is 65 dollars so 780 for the year. Its a solid savings although there is no gaming Tesla insurance so if my driving habits change or I drive more miles than what I told Tesla my premium will adjust accordingly. Where as progressive takes the info I gave them at face value and never validates it
Is it just for Tesla vehicles? What did you have an ice car?
Finally got a Tesla a few days ago with Tesla insurance, love it all so far! 😄🥳
All I know is, somewhere Flo is PISSED!!!!!!!!!!!!!!!!!!! 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
I love my M3P however I hate the score not because of my driving habits but because when I tried one month beta every little tap of brake it recorded me as hard braking. Seems the score don’t want you to brake and just hit the car in front of you. At the end of month I got 99% driving score but I don’t want to keeping checking my score every trip. I rather pay more and enjoy my car.
I've have seen Tesla insurance cheaper for the most part it relies a lot on your driving, My understanding (and someone correct me if im wrong) If say one month you drive "Bad" then that month your insurance can go up, VS a traditional car insurance company for the most part the insurance price stays the same. I've also hear with Tesla insurance that if you have a good driving score your insurance can go down but I'm not 100% sure on that if it's true or not
I have it here in texas for my model y and is the best especially when the score is like 97+ 👌🏾
Nice video Dan!
You gotta get the Semi when it comes out LOL
I feel like have business insurance vs personal was a large factor in the cost, but I don’t know. Also, $1M coverage is a lot. I think $100K is more common, like Tesla insurance. But, maybe if the cars are registered to the LLC they need the higher coverage? Good luck. Glad I have a cheap Honda I guess, lol.
Dan, could you make a video on how an LLC can help better manage your business
when will the what's inside backpack be back in stock
Well congrats Dan!
6:13 This part of the video was super funny 🤣
You didn't mentioned deductible it could be lower but how high is your deductible
I will be curious how much the rate goes up next month based on "Driver Behavior"
I just looked this up and you can also insure non-Tesla vehicles with the Tesla insurance
Hey Daniel, did you know Vinfast, the Vietnam electric car brand is trying to stop from the other car brand making the gas car to making the Earth cleaner than normal, and Vinfast is trying to beat Tesla by enter to the US market, and build the first Vinfast showroom in US
I know you through Jerryrigeverything and I'm so proud of you, hope to meet you one day 😀
The rate they quoted me with the same level of coverage I currently have with Liberty Mutual is $80/month cheaper. There's just something creepy about my driving habits being monitored and critiqued like Big Brother. I don't brake hard and don't tailgate but I do exceed speed limits on occasion and like to floor it sometimes. I'm sure that would raise my rates.🎉
when is whats in side the jarreyrig everything statue
How do the insurance points work?
When are you getting the tesla iphone?
Nice! Did you cancel Progressive?
Based on your info, hard to say you saved anything. There is no comparison since the coverages are literally 900k off in multiple places.
We're a two tesla household and looking forward to when tesla insurance is available in MN
i watch every video you upload
The property damages data entry was superbly edited.
I still watch u since 2017
That was pretty easy ! Pretty cool ! I’m dieing to get a Tesla myself can’t wait for that to happen, I’m definitely getting Tesla insurance
Seeing your son bro he so big now 😂😂I remember when he was doing opening box reviews 😭
10:05 BAHAHAHAH
Just priced my Model Y with Tesla Insurance, for Arizona, it's: $174/mo. My Progressive Ins. is: $114/mo. Sucks, I was hoping Tesla would be cheaper.
4:40 So that basically means every time you speed, accelerate too much, or slam on your brakes to avoid something, your rates will go up...
yeh but if it goes too high u can cancel at any time
@@arshbirchahal3040 You can, but not everyone looks at every bill every month and compare it to last months bill. If it gradually goes up over time, it's very easy to miss it.
@@jensalan well u can either just drive good or take 2 seconds to look at ur price its not hard my family has 2 teslas
Speeding and accelerating make no difference. It’s forward collision warning, hard braking, aggressive turning, auto pilot disengagements and following too close that affect your score. Only those 5 categories. I have it in CO and I save over my previous insurance. I have MYP and my hard acceleration have zero effect on my score.
You are a professional TH-camr how do you have background music during narration? Very difficult to understand while listening to headphones!
You do need that much coverage as you have money they could go after. It is not hard to go over 300k these days with an accident.
Did you ever have a tesla model 3
I have Tesla insurance and am also covering my daughters non tesla. Tesla insurance is dirt cheap if you have teens and or a teen with an accident. I hate being tracked but I am literally saving 50% over AM FAM connect. I do not know how great or bad the claims process is esp with the non tesla
Wow your insurance is high lol. I have Progressive also and have been paying $120 a month for three cars with full coverage and one car liability with $300,000 limit and roadside assistance since i was 23 years old. "5 years"
Make sure you get the proper limits 100/300 is to low for your income level.
Good
I am 18 and my first car is a tesla model s 2013 p85. My rate is 120$ and it does record the braking speed and corning speed, but thats it. I honestly love it
That’s cheap for that kind of car and your age.
You need $1M in liability based on your assets! 100/300 is not enough for you. Can’t wait to see the follow up video!
GEICO is a pretty good carrier, and after 30+ yrs of my fam (dad 1st than me when started driving) using State Farm, they canceled us b/c we had 2 claims in same year. My mom was hit, and my dad was hit (totaled his car); moms got fixed; but they dropped us w/o telling us. B/c of that, as legally need to send out documents; they allowed to stay for another 12 months, but my dad shopped for insurance asap and found GEICO to be cheaper and better. Have home, auto for ins…fyi.
After using State Farm for 30 years, and only 3 claims total; all which not our fault and we’re hit in parking lot, mom hit at stop light, and dad hit driving on road and car pulled out of strip mall and t-boned him; but doesn’t matter if your at fault or not; if they gotta pay, you won’t be playing w/ them much longer…..SOP for State Farm and others. Sad though since Fam paid out more over the years t(en they had to pay; which how it goes right
This would be awful in Milwaukee. A stretch of road I regularly drive- even while going 10 mph over the speed limit (in front of a police station, mind you!), I get passed up like I’m standing still. It is not safe to go the “suggested” 30 mph. I would get run over! So, if I ever get a Tesla, I definitely will need make this a hard pass. But, it’s cool they do that. Hopefully, their claims service is better than their current parts replacement service….
hi i love your videos
Dan you are crazy tesla fan🤣
in italy is really different, I pay 420€ (450$) per Year and I have 13000000€ of coverage for damages to people and things involved in the accident
Progressive was going to charge me $400!
I told them Tesla insurance was offering me $200 and they literally said “oh wow, yea…we can’t match that” lmao
200 a month is still quite high? You mind sharing your age and car?
@@Tike22 I am 26 with a 2022 Tesla M3. It’s my first car under loan 👍🏼👍🏼
One important thing people forget when insuring vehicle is it would vary from state to state so it would make a big difference in which state you reside. Some states have lower rates compared to other states
that sounds wayyyyy to high you had any accidents or anything my full coverage on my M3 is 850 a year
@ indeed in ohio its only 850 a year to insure a model 3 😁
As a European its funny to see this. By the way i own a BMW 530D from end 2015, the Facelift model. I pay 570Euros/ year for "tax" and 167 Euros a MONTH for Insurance with 6 years of Accident Free Driving.
6:22 LMAOOOOO
I’m jumping from State Farm to Tesla, as soon as they come to Florida.
I didnt even know tesla insurance existed LOL
I love the videos
Your house was consuming 24 KW WOW!!!
dan you should get a 7 seat model x
Just got it for my 2nd MS and it only took 2 mins.
Brought calculater uses siri 😂
Hi i’m buying a Tesla can I use you as a referral?
Don’t drop your coverage limits!! Bad idea
Being in insurance for over 10+ years . I’m going to point something out here . Listen from 0:38 seconds in to about 0:45 and tell me if that makes actual sense to ACTUALLY protect him and his family
what are you trying to say ?