[madmike]

I thought this might be of some interest to the group. Called my insurance agent to get insurance quotes on a year old Model S (90D) a new Volt (premier) and a new Bolt the results were:

Volt 1X
Bolt 1.17X
Tesla 3.25X

This kind of makes sense given how expensive Teslas are (I'm not Tesla bashing). Of course your results will vary, but something at least for me to thinks about as I consider my next car...wonder what the model 3 will be priced at?

As for me, the more research I do and other cars I drive the more I like my Volt.

 

[Fred_B]

When I got my new 2013 Volt, the car it replaced was a 17 year old Acura Integra. My insurance did not go up, even though the Volt was worth more. The insurance agent explained that liability is the largest percentage of the cost, and the Volt had a higher safety rating than the Integra (plus better safety technology not available in 1997).

 

[DrMiguelitoLoveless]

I assume you are talking about comp and collision as well as liability.

 

[Bacardi]

While insurance rates can greatly vary on many factors, if you're getting the same coverage for the same driver than for the most part the only thing that can be different is the vehicle itself...In some areas you can get big discounts for safety equipment, specifically the auto braking...

 

[madmike]

yes full coverage.

I assume you are talking about comp and collision as well as liability.

 

[tlevy]

I got a rebate from my insurance company when I insured the volt - why? Because it is a PHEV they said. The previous car was a sports car, so i saved there too. All in all, a 100$ annual reduction.


Sent from my iPhone using Tapatalk

 

[Sheldon]

Anybody know if there is an insurance discount for a gen2 Volt with the two driver confidence/safety packages, and ACC? Perhaps I should contact my insurance agent...

 

[BAZINGA]

All one has to do is visit a Tesla forum and you'll read similar stories about increased insurance rates and lengthly waits for accident repairs due parts availability and Tesla mandated repairs that greatly increase costs and time to repair. My all aluminum Jaguar KX had similar issues, IOT to maintain the factory warranty you had to take the car to a very small list of "authorized" repair facilities. All of this was clearly outlined in the Owners Manual. As I recall there was only ONE authorized collision repair facility in St Louis back in 2011 when I owned my Jag.

I loved the Jag but after several visits to the only DEALER in St Louis (Moore Jaguar), I sold it when they went bankrupt and the nearest dealer was up in Peoria. This has a familiar ring to it. I hope Tesla starts building more service facilities and finds a way to expand collision repair facilities and with more parts on hand.

 

[Murrcar]

My 17 Premier is 10% higher than my 14 Volt LT was and 25% more than my 16 Traverse LT3. Told parts cost a lot more.

 

[firehawk72]

My 17 Premier is 10% higher than my 14 Volt LT was and 25% more than my 16 Traverse LT3. Told parts cost a lot more.

Does your Premier have Safety 1 & 2 & ACC?

 

[Bacardi]

compare.com and thezebra.com will give you estimates to many different insurers...Usually progressive only compares a few rate while the other sites does dozens...

The above sites don't do credit checks and if you want to shop around yourself consider getting quotes from an insurance broker...

 

[Murrcar]

saftey 1& 2 yes ACC no

 

[scoops]

IIHS Top Safety Pick Plus

Has anyone's insurance gone down after the 2017 Volt was awarded IIHS (*Insurance* Institute for Highway Safety) Top Safety Pick Plus?

 

[jcgribks]

my 2012 Volt Premier has the highest insurance cost of all my cars and both of us have good driving records and are in our 40's and 50's. The volt is my wife's daily driver and our other cars are 2013 GMC Terrain (My daily driver), 2002 Ford F350 Lariat 4X4 Diesel, 2016 Buick Encore.

 

[firehawk72]

Has anyone's insurance gone down after the 2017 Volt was awarded IIHS (*Insurance* Institute for Highway Safety) Top Safety Pick Plus?

I seriously doubt it. I called my insurance company before I purchased my Volt and got a quote on two identical Volts with only one difference (adaptive cruise control with high speed auto braking). I was actually surprised. I was expecting a discount for the ACC, but instead the rate was higher, go figure...LOL. Yeah, it may cost a little more to fix it if wrecked, but so much for the thought of a discount for preventing that wreck. HMmmm

 

[snic]

I seriously doubt it. I called my insurance company before I purchased my Volt and got a quote on two identical Volts with only one difference (adaptive cruise control with high speed auto braking). I was actually surprised. I was expecting a discount for the ACC, but instead the rate was higher, go figure...LOL. Yeah, it may cost a little more to fix it if wrecked, but so much for the thought of a discount for preventing that wreck. HMmmm

Hahahaha, that just goes to show that ACC is a toy, not a safety feature.

 

[JRRF]

My fully loaded Volt insurance was higher than my previous $60K vehicle. The whole thing is absurd, and more of an indication that insurance companies will continue to rape you no matter what. Once cars are fully autonomous and accident rates plummet, you can bet that insurance rates will continue to rise.

 

[firehawk72]

Hahahaha, that just goes to show that ACC is a toy, not a safety feature.

Well, I guess it would really depend on the insurance company. However, I do have inside perspective on this issue from a family member that is in the insurance business. From this person's point of view, it isn't a matter of safety, it is a matter of costs. If the car is damaged, it costs more money to fix a car with all these sensors. Kind of catch 22 if you ask me. Is the modern car safer with all these electronic aids? Certainly...but, does it cost more to repair the car because it has all these gizmos, certainly...

ah, life...gotta pay the man

 

[hellsop]

Remember, insurance costs are (if you're the "good driver") are mostly for repairing stuff that OTHER people do to your car, that would otherwise be unrecoverable from other drivers. It's a Volt. Even the body parts are rare and expensive. I had a door replaced and it was $2k for JUST THE UNPAINTED DOOR. That's like three years of insurance payments.

If you're NOT the good driver, and are in the habit of backing into poles and bouncing off trees, well guess why your insurance costs are high...

 

[JRRF]

Remember, insurance costs are (if you're the "good driver") are mostly for repairing stuff that OTHER people do to your car, that would otherwise be unrecoverable from other drivers. It's a Volt. Even the body parts are rare and expensive. I had a door replaced and it was $2k for JUST THE UNPAINTED DOOR. That's like three years of insurance payments.

If you're NOT the good driver, and are in the habit of backing into poles and bouncing off trees, well guess why your insurance costs are high...

I remain at a loss to understand how my 40K car costs more to insure than my 60K car. Unless the Volt were a death trap, replacing the entire thing would cost the insurance company a lot less.