Didn't Elon enter the insurance business so that Tesla can be 100% vertically integrated and rule the world?I've heard that the price of car insurance on the Model 3 is insane, and basically eats up most of the cost savings from not putting gasoline in it. Even when factoring in TCO, that Model 3 is probably going to costs almost double per mile driven than that WRX did.
I'm going to throw in a Toyota Camry TRD into the mix for comparison. Little bigger, little comfier, still decent performance.
Didn't Elon enter the insurance business so that Tesla can be 100% vertically integrated and rule the world?
TCO for brand-new cars is dominated by depreciation so I can't imagine a Model 3 being twice as expensive per mile as some ICE competitor. Although I don't fully agree with the analysis, there have been many TCO calculations done that compare a Model 3 very favorable with something like a $26k Camry.
All the TCO calculations won't mean crap if the guy can't swing the down payment and monthly payments for a car that's 10K+ over his current budget.
I think that the insurance costs on a Tesla Model 3 are kinda high because the replacement parts are so expensive and there are so few body shops certified to fix them. It's often cheaper to total one of those cars instead of fixing them after being in a seemingly minor accident.
$850/year insurance cost on a $50-60k car is high?
Nope even when considering other cars that have significantly lower rates.$850/year insurance cost on a $50-60k car is high?
Seems reasonable for what you get from the dual motor version. It's a one trick pony but it's a really good one trick pony$50K-$60K for a Model 3 in general seems high to me.
Nope even when considering other cars that have significantly lower rates.
I wouldn't even put a second thought is I were quoted that.
You said:$50K-$60K for a Model 3 in general seems high to me.
ultimatebob said:I think that the insurance costs on a Tesla Model 3 are kinda high
Please do share examples so that I can quote them as replacements. And make them actual competitors that I would want to drive. Let's say 450+ HP AWD, 0-60 < 4.0 s, and IIHS ratings Good across the board like this:
2021 Tesla Model 3 (iihs.org)
Also, my numbers are from NJ. Your assertions seem frankly nonsense unless you are living in a really cheap state to insure.
Car insurance rates by state for 2021 | Coverage.com
Viper GTS
What the hell are you talking about?
All is said was it didn't seem high to me even in relation to cheaper options.
Very true, but Americans love buying more car than they should or can comfortably afford. The average new car sale is now about $40k.All the TCO calculations won't mean crap if the guy can't swing the down payment and monthly payments for a car that's 10K+ over his current budget.
I have no horse in this race, but bob is all over the map. It's widely established that Teslas (as considered a luxury car marque) have higher than average insurance rates. I don't think anecdotes of low rates changes that, but then he pivots over to the car itself costs too much. If anything, the insurance is looking pretty cheap for a $50k car, on a percentage basis.You said:
What do you constitute as "kinda high" and what are you comparing to?
Only 205 horsepower, are you thinking about the Type R? That is a real beast.Civic Si or potentially a Civic Sport could fit those criteria.
How about a Kia Stinger? The GT model is high performance, and you can get it with AWD.
I was honestly thinking about getting one for myself, since I can't comfortably squeeze myself, my wife, and my now 8 year old kid in the Mustang anymore.
How about a Kia Stinger? The GT model is high performance, and you can get it with AWD.
I was honestly thinking about getting one for myself, since I can't comfortably squeeze myself, my wife, and my now 8 year old kid in the Mustang anymore.
A Stinger GT1 AWD starts at $45,890.
Yea, Stingers were a bargain, but at 45k, I think I would look for an A4 or 330i, or even an Accord with the uplevel turbo.
I am older now, but Kias and especially Hyundai Sonatas have gotten too wild for me styling wise. I would prefer something a bit more conservative like the Mazda 6 or even the Accord.
Yea, and I like the hatchback style of the Stinger. I am short, and my wife is very short, so legroom is not an issue though. Just depends on what you want I suppose. A4 is more refined, probably not as fast. The Stinger is more of a blunt force approach, great performance but not particularly refined.I had an Audi A4, and found the seating (especially the rear seating) to be a bit cramped. They also get expensive once you add the big engine and Quattro. A Kia Stinger is bit larger.