[JerryR]

I just received a bill from State Farm for June, and it not only went up by more than $100/month, they also tacked on a retroactive increase from last year which will be spread out over the next 6 months on top of that.

I called the agent, and they said the specific reason is because of Tesla vandalism reports, and because of the customer lawsuits against Tesla over things like the odometer readings.

I'm going to have a phone call with them at the end of this week to see if there's anything that can be done, but from the reasoning given, it seems that State Farm is making an attempt (at least in Florida) to push out Teslas by increasing the rate until they all leave.

And by the way, State Farm is currently the cheapest insurance available for Teslas. If they pull away from Teslas, then the minimum priced insurance in Florida would be just over $500/month. There are only maybe 3 to 4 providers now that will even insure Teslas here.

Not sure about anywhere else, but with Tesla Insurance not existing here, and very few car insurance providers in Florida, it's getting very close to a point where Teslas will either simply be uninsurable, or will have to buy the kind of specialized exotic insurance like Ferrari or McLaren owners have to buy.

Another State Farm Floridian here in the Sarasota Area.

I've been with the same agency in Coral Springs since 1970. Every year I shop and I can't find anyone with lower premiums.

Here is a spreadsheet I put together of my 4 policies.. I have Stacking Uninsured Motorist only on one vehicle and it covers me for all vehicles. I have road service on the F-450 since it also covers the 5th wheel when it is being towed.

My deductibles are $2k except for the Lightning which is $!k due to Lease requirements.

Here is a spreadsheet I put together of my policies

I also have my 5th wheel RV insured and a $1 million umbrella policy with them that are not on the spreadsheet.

THESE ARE MY Current 6 MONTH PREMIUMS. I Carry $250k/$500k Liability with $100k property damage coverage. Now that I look at it, I really should increase the property damage coverage.

	Tesla #1	Tesla #2	F-450	Lightning	Total
Bodily Injury Coverage
Limit Per Accident $500,000	$178.19	$226.77	$154.43	$287.01	$846.40
Limit Per Person $250,000
Property Damage Coverage
Limit Per Accident $100,000	$56.28	$71.62	$48.77	$90.64	$267.31
Comprehensive Coverage
Deductible $2,000	$85.11	$114.64	$118.75	$189.00	$507.50
Collision Coverage
Deductible $2,000	$90.79	$112.47	$62.14	$155.92	$421.32
No Fault Coverage
Aggregate Limit $10,000	$24.42	$29.97	$15.82	$25.67	$95.88
Emergency Road Service Coverage			$1.69		$1.69
Uninsured/Underinsured Motor Vehicle (Stacking) Coverage				$538.19	$538.19
6 Month Premium	$434.79	$555.47	$401.60	$1,286.43	$2,678.29
Monthly	$72.47	$92.58	$66.93	$214.41	$446.38
Renewal Date	11/28/2025	1/8/2026	2/3/2026	10/6/2025

 

[JasonF]

My deductibles are $2k except for the Lightning which is $!k due to Lease requirements.

That reminds me, I asked about raising my deductible. Raising it to $1000 would only save me $12/month.

 

[KevinJ]

Some of the insurance premiums quoted above seem ridiculous. I live in FL and pay Progressive Insurance $544 for six months for my 2022 Model Y LR. I’ve had one windshield replacement and one speeding ticket since I‘ve owned my Tesla.

 

[JerryR]

That reminds me, I asked about raising my deductible. Raising it to $1000 would only save me $12/month.

$12/mo is $144/yr. If you have more than 1 accident every 7 years that exceed $1000 in damage it’s worth it. If you have less then it’s not worth it.

Personally I can afford $1000 so max deductible is worth it for me. It’s would cost me $48/mo or $576/yr to get $1k extra coverage on 4 vehicles.

I’ve only had 1 collision claim since 1970.

 

[RobertLNewman]

I am in South Carolina. I have 3 Teslas insured with my local State Farm Agent, a "S", a "Y", and a 2010 Roadster, which I call my "R". My premium went up about 15% since 2023. I am lucky, though. When I purchased my Roadster a few years ago, I had been with GEICO for over 40 years since I was in the Air Force. I insured the "R" on my same policy as the other 2 cars. Less than 30 days went by,

and I received a notice of Cancellation. They stated that the Roadster was considered a high-performance car and they would not insure it. So I was thrilled that State Farm took all 3 cars. It was quite a disappointment after being with GEICO for 45 years with no claims. - Bob Newman

 

[zroger73]

I am insured by USAA (50+ years) in coastal North San Diego County.

I've had two experiences with USAA, but as a claimant and not a customer.

The first was 30 years ago when one of their insureds who was running late to work one morning cut across a parking lot at high speed to avoid a red light. He T-boned a 90 day-old Ford Escort I was driving. The right side of my car was gone thanks to the old Suburban that hit me. Over a three-month period, USAA ended paying far more in repairs, rental fees, and diminution of value than what it would have cost them to total the vehicle. The body shop couldn't believe USAA actually paid so much to repair a vehicle, but they were happy to do the work!

The second was about ten years ago when another of their insureds turned into me at an intersection. Because there were no injuries, deaths, or damage to public property the police didn't even want to come out, but I insisted that they did. When the officer arrived, he appeared annoyed that I asked him to write a report. His report grossly underestimated the cost of the damages and refused to give an opinion of fault despite it being obvious what happened. I ended up creating my own report with a detailed description of the event along with illustrations. USAA denied my claim stating that it was my fault and not the fault of their insured's. My insurer disagreed, paid for my repairs, and subrogated. A year later, USAA finally admitted that their driver was guilty, reimbursed my insurer for the claim, and reimbursed me for my deductible.

 

[jakimo]

YIKES .. I’ll have to check my coverage soon, after seeing this post. Hope it’s not the case for Colorado? We’ll see..

 

[Micha]

I just received a bill from State Farm for June, and it not only went up by more than $100/month, they also tacked on a retroactive increase from last year which will be spread out over the next 6 months on top of that.

I called the agent, and they said the specific reason is because of Tesla vandalism reports, and because of the customer lawsuits against Tesla over things like the odometer readings.

I'm going to have a phone call with them at the end of this week to see if there's anything that can be done, but from the reasoning given, it seems that State Farm is making an attempt (at least in Florida) to push out Teslas by increasing the rate until they all leave.

And by the way, State Farm is currently the cheapest insurance available for Teslas. If they pull away from Teslas, then the minimum priced insurance in Florida would be just over $500/month. There are only maybe 3 to 4 providers now that will even insure Teslas here.

Not sure about anywhere else, but with Tesla Insurance not existing here, and very few car insurance providers in Florida, it's getting very close to a point where Teslas will either simply be uninsurable, or will have to buy the kind of specialized exotic insurance like Ferrari or McLaren owners have to buy.

Insurance…one step above the mob 😁

 

[tombournique]

I am in South Carolina. I have 3 Teslas insured with my local State Farm Agent, a "S", a "Y", and a 2010 Roadster, which I call my "R". My premium went up about 15% since 2023. I am lucky, though. When I purchased my Roadster a few years ago, I had been with GEICO for over 40 years since I was in the Air Force. I insured the "R" on my same policy as the other 2 cars. Less than 30 days went by, View attachment 58428
and I received a notice of Cancellation. They stated that the Roadster was considered a high-performance car and they would not insure it. So I was thrilled that State Farm took all 3 cars. It was quite a disappointment after being with GEICO for 45 years with no claims. - Bob Newman

I've got a Lotus Elise thats similar to the roadster and have insurance for that and my Tesla model 3 through Progressive for $1,500 a year by paying in full every 6 months. But I did that snapshot thing where you plug into your car and they monitor you, with a former car that I had, so they rolled over my 30% discount to the Tesla after I bought it.
Check with your insurance company because they do it based upon a credit rating. It goes from A to Z with a being the best. My brother was a B when he first got insurance and then he got married and bought a house and it went up to an A. His insurance went down about $300 a year total on three cars. But the insurance companies never tell you this.
Also I have a perfect credit score of over 800 and haven't had any tickets in 20 years and only drive about 8,000 miles a year.

 

[jpd1016]

I just received a bill from State Farm for June, and it not only went up by more than $100/month, they also tacked on a retroactive increase from last year which will be spread out over the next 6 months on top of that.

I called the agent, and they said the specific reason is because of Tesla vandalism reports, and because of the customer lawsuits against Tesla over things like the odometer readings.

I'm going to have a phone call with them at the end of this week to see if there's anything that can be done, but from the reasoning given, it seems that State Farm is making an attempt (at least in Florida) to push out Teslas by increasing the rate until they all leave.

And by the way, State Farm is currently the cheapest insurance available for Teslas. If they pull away from Teslas, then the minimum priced insurance in Florida would be just over $500/month. There are only maybe 3 to 4 providers now that will even insure Teslas here.

Not sure about anywhere else, but with Tesla Insurance not existing here, and very few car insurance providers in Florida, it's getting very close to a point where Teslas will either simply be uninsurable, or will have to buy the kind of specialized exotic insurance like Ferrari or McLaren owners have to buy.

Try Progressive

 

[YNot]

That's close to what my old rate was. Yours might be headed much higher soon.

Those costs should be borne by shareholders, not policyholders.

 

[JasonF]

$12/mo is $144/yr. If you have more than 1 accident every 7 years that exceed $1000 in damage it’s worth it. If you have less then it’s not worth it.

True, but it proves that the deductible wasn't the cause of the high rate.

 

[JasonF]

Try Progressive

They gave me a ridiculous quote.

Those costs should be borne by shareholders, not policyholders.

I don't think any company will believe that.

 

[Copterguy]

I just received a bill from State Farm for June, and it not only went up by more than $100/month, they also tacked on a retroactive increase from last year which will be spread out over the next 6 months on top of that.

I called the agent, and they said the specific reason is because of Tesla vandalism reports, and because of the customer lawsuits against Tesla over things like the odometer readings.

I'm going to have a phone call with them at the end of this week to see if there's anything that can be done, but from the reasoning given, it seems that State Farm is making an attempt (at least in Florida) to push out Teslas by increasing the rate until they all leave.

And by the way, State Farm is currently the cheapest insurance available for Teslas. If they pull away from Teslas, then the minimum priced insurance in Florida would be just over $500/month. There are only maybe 3 to 4 providers now that will even insure Teslas here.

Not sure about anywhere else, but with Tesla Insurance not existing here, and very few car insurance providers in Florida, it's getting very close to a point where Teslas will either simply be uninsurable, or will have to buy the kind of specialized exotic insurance like Ferrari or McLaren owners have to buy.

I'm in Florida with GEICO, and my rate has been decreasing by $100 every pay period (6 months, since I pay upfront) I'd start calling around for other options

 

[CharlesMc]

I just received a bill from State Farm for June, and it not only went up by more than $100/month, they also tacked on a retroactive increase from last year which will be spread out over the next 6 months on top of that.

I called the agent, and they said the specific reason is because of Tesla vandalism reports, and because of the customer lawsuits against Tesla over things like the odometer readings.

I'm going to have a phone call with them at the end of this week to see if there's anything that can be done, but from the reasoning given, it seems that State Farm is making an attempt (at least in Florida) to push out Teslas by increasing the rate until they all leave.

And by the way, State Farm is currently the cheapest insurance available for Teslas. If they pull away from Teslas, then the minimum priced insurance in Florida would be just over $500/month. There are only maybe 3 to 4 providers now that will even insure Teslas here.

Not sure about anywhere else, but with Tesla Insurance not existing here, and very few car insurance providers in Florida, it's getting very close to a point where Teslas will either simply be uninsurable, or will have to buy the kind of specialized exotic insurance like Ferrari or McLaren owners have to buy.

Try progressive

 

[JerryR]

Try progressive

As a Florida State Farm customer I tried Progressive and they were 30% more per month even before adding my RV or Umbrella policy.

 

[JasonF]

As a Florida State Farm customer I tried Progressive and they were 30% more per month even before adding my RV or Umbrella policy.

Last time I checked, Progressive was much higher. I don't doubt some people might have lower rates with them, and if that's the case, it's possible Progressive doesn't want any new Florida customers.

 

[JerryR]

Some of the insurance premiums quoted above seem ridiculous. I live in FL and pay Progressive Insurance $544 for six months for my 2022 Model Y LR. I’ve had one windshield replacement and one speeding ticket since I‘ve owned my Tesla.

Kevin,
Everyone just posts premiums which makes it hard to compare.
What are your coverage limits, deductibles
Do you have multiple vehicles?

Do you have Uninsured Motorist coverage and if so what ar3 the limits? 20% of drivers in Florida don’t have insuranc so UM is important.

 

[KevinJ]

Kevin,
Everyone just posts premiums which makes it hard to compare.
What are your coverage limits, deductibles
Do you have multiple vehicles?

Do you have Uninsured Motorist coverage and if so what ar3 the limits? 20% of drivers in Florida don’t have insuranc so UM is important.

Jerry,
I have 25k for bodily injury and 50k for property damage. I am not insuring any other vehicles with Progressive. I have a deductible of $750 and do not have uninsured motorist coverage. I try to minimize my insurance, I rarely ever collect on it (Which is good).

 

[scottt]

I just received a bill from State Farm for June, and it not only went up by more than $100/month, they also tacked on a retroactive increase from last year which will be spread out over the next 6 months on top of that.

I called the agent, and they said the specific reason is because of Tesla vandalism reports, and because of the customer lawsuits against Tesla over things like the odometer readings.

I'm going to have a phone call with them at the end of this week to see if there's anything that can be done, but from the reasoning given, it seems that State Farm is making an attempt (at least in Florida) to push out Teslas by increasing the rate until they all leave.

And by the way, State Farm is currently the cheapest insurance available for Teslas. If they pull away from Teslas, then the minimum priced insurance in Florida would be just over $500/month. There are only maybe 3 to 4 providers now that will even insure Teslas here.

Not sure about anywhere else, but with Tesla Insurance not existing here, and very few car insurance providers in Florida, it's getting very close to a point where Teslas will either simply be uninsurable, or will have to buy the kind of specialized exotic insurance like Ferrari or McLaren owners have to buy.

My State farm insurance went up in June, I'm now paying $190 a month. Senior citizen, low mileage, parked in garage. Clean driving record.