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Can we talk about Insurance?

2199 Views 6 Replies 5 Participants Last post by  electro
So for those lucky folk who are getting their new IPace from Santa before Christmas (myself included) I wonder about insurance. Most blogs I read suggest insurance premiums will be higher cause the value of the car is more expensive than its gas guzzling sibling. I’m with progressive insurance for current setup house/car, likely give them first shot but at first attempt IPace isn’t even in their database. I’m curious on a couple of things...

1) Is there a better deal to be had by going to an EV dedicated insurance company that prides itself on insuring the EV market at a reasonable price.

2) if not what companies have quoted you better worse?

3) have you had challenges getting the car quoted at all?

Best
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So for those lucky folk who are getting their new IPace from Santa before Christmas (myself included) I wonder about insurance. Most blogs I read suggest insurance premiums will be higher cause the value of the car is more expensive than its gas guzzling sibling. I’m with progressive insurance for current setup house/car, likely give them first shot but at first attempt IPace isn’t even in their database. I’m curious on a couple of things...

1) Is there a better deal to be had by going to an EV dedicated insurance company that prides itself on insuring the EV market at a reasonable price.

2) if not what companies have quoted you better worse?

3) have you had challenges getting the car quoted at all?

Best
I got a quote from my current car insurance, 21st Century. Since I don't have the car yet, I don't have a VIN number to supply them. They based the premium on current cost of the car, which is basically $200 more per 6 months than my current insurance for a 2016 A3 e-tron.
:crying: You guys are no fun, reminding us about future costs of ownership :frown2:
:crying: You guys are no fun, reminding us about future costs of ownership :frown2:
:surprise: but funny comment:crying:
Well let’s turn that frown upside down.. my advise after writing this is shop about..

2 Cars Lexus & IPace
Progressive $3300 12 months PIF
Farmers $3000 12 months PIF
Allstate $1800 12 months PIF

Exactly the same policy detail
I felt a key aspect was that Allstate seemed to have IPace as an option, Progressive we’re basing on cost to buy and so it seems was Farmers.

To be fair, the IPace has only increased by 6 month premium by $250 (replaces Audi). So $50 extra a month insurance for IPace best I’ve found today and likely to sign with Allstate they seem to know the IPace and fair pricing
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I felt inspired to get a quote also. Esurance. (Was the cheapest when I last changed providers a few years ago but haven't checked since)

$1500 per year
but I only pay $700 per year for my A3 eTron right now ... whoa

I will have to look into that closer to delivery in Jan/Feb
I went thru Costco Ameriprise. Super reasonable I thought and they had the car in their system. Less than 100.00 more per year than my 535 BMW. Electro
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