Tesla insurance expensive?

[megaphone]

I'm seriously considering a used Model Y long range (22/23 plate), but I'm trying to make the figures add up. Insurance cost is putting a dent in my calculations, I'm being quoted £1300+ for very basic insurance, I pay £350 for my current Ford Smax. Ok my current car is 10 years old but still.... Are EV's/Teslas just expensive to insure?

Anywhere I should try to get it down to a sensible premium? Any EV /Tesla specific providers?

It's looking like running a Tesla will cost me 30% more than running my ICE car, that's without the 3p/m that is coming.

[NDA]

Try Admiral, they're pretty good for my Tesla... Direct Line used to be good, but they're now quite expensive.

[RammyMP]

The wife asked the same question, she bought an electric car that does 0-60 in 3.5 seconds then was complaining that her insurance was expensive!

[megaphone]

NDA said:

Try Admiral, they're pretty good for my Tesla... Direct Line used to be good, but they're now quite expensive.

Admiral is the cheapest quote, £1300 .....with a black box! What do you pay?

[Sheepshanks]

Daughter's insurance for a new Kona EV was £1100 - she'd been paying £450 on her SEAT Ateca. It did drop to £600 on renewal. Maybe it's just very dear when new, in case the car gets written off and they have to replace it?

I looked around for me, looking at nearly-new cars, and found Teslas and iPace's were very high, others not too bad.

[megaphone]

Sheepshanks said:

Daughter's insurance for a new Kona EV was £1100 - she'd been paying £450 on her SEAT Ateca. It did drop to £600 on renewal. Maybe it's just very dear when new, in case the car gets written off and they have to replace it?

I looked around for me, looking at nearly-new cars, and found Teslas and iPace's were very high, others not too bad.

Interesting, what were the quotes for the Tesla? I also like the iPace, but I just need the 300 mile range of the Model Y.

What are others paying?

[LHRFlightman]

Year 1 I paid £480. Year 2 I paid £770, no accidents, no change of circumstances. Year 3, I've just paid £520.

No idea why it fluctuates so much.

[Sheepshanks]

megaphone said:

Sheepshanks said:

Daughter's insurance for a new Kona EV was £1100 - she'd been paying £450 on her SEAT Ateca. It did drop to £600 on renewal. Maybe it's just very dear when new, in case the car gets written off and they have to replace it?

I looked around for me, looking at nearly-new cars, and found Teslas and iPace's were very high, others not too bad.

Interesting, what were the quotes for the Tesla? I also like the iPace, but I just need the 300 mile range of the Model Y.

They were both £1500 upwards. This was late 2024, so I think we may have just caught a bit of spike in premiums.

Had a rethink and got Kona for daughter instead as she does a big commute, and I’m running around in her old car (I’d sold my car in Covid and then retired).

I’ve read Tesla s are different to repair, and parts availability is very iffy.

[TheBinarySheep]

Model 3 Performance. I pay £430 a year.