- Today is an exciting day.
You know that we have
almost every Tesla product that exists.
Well, Tesla insurance is something that we don't have
and we own four different Teslas, some older ones,
some newer ones and old Roadster.
I don't know which Teslas are gonna be able
to be allowed to even have Tesla insurance.
But in today's video
I'm gonna go through the process with you.
We're going to see if we can get insurance.
I have all of my rates for each one of my vehicles
how much we spend right now.
We have three drivers in our house.
We use progressive right now.
Tesla's all across the country in many states
and they just added Utah a couple of days ago.
So of course, I'm gonna jump on it.
As much as I love Tesla products
I also am going to do what's best for me and my family.
And through this process
we're gonna choose whatever's cheaper
whether it's Tesla insurance
or whether it's my current progressive policy,
let's get started, let's go through the process.
And I hope that it is cheaper.
And I hope that all of my cars work on this.
I have a calculator.
I have my driver's license.
I have my current policy, I have a pen.
I have my phone, I have my computer.
We've got everything that we can potentially need.
Hopefully, this insurance thing works.
So first things first
we're gonna go to tesla.com/insurance on a computer.
Scroll through this.
It shows you a little bit about how it's unique.
Every single company is going to look
at your driving history.
How many people are in your house?
What type of car it is
where you live this zip code that you live in.
And they're going to calculate all this data
to determine what your rate is.
Well, where Tesla has a bit
of an advantage on all of those people
is that they can actually assess your driving habits.
There's different things that are measured
that fall into your safety score.
So Tesla has real time driving stats based
off of how fast you drive, how quick you stop
in front of somebody, how close you follow somebody.
If you ever get lane departure, there it is,
forward collision warnings, hard breaking,
aggressive turning, unsafe following,
forced autopilot disengagement.
There's a lot of different things
that the car is already tracking.
Some of the older cars don't track that
but the newer ones do.
So my guess is my old Roadster
and maybe even our 2017 model X, isn't going to be eligible
for Tesla insurance just because they're older
and they don't capture all of that data
but I could be wrong.
Cool thing is too, all of your documents
can be added to your Apple wallet.
You can have all of your insurance information
within the Tesla app, which I really like that,
you can file a claim right in the Tesla app.
So on paper,
it looks like this should be a very easy process
and a nice thing to have.
You click Get Insurance.
And the first thing it does is it forces you
to download the app.
Yeah, I've seen some YouTube videos
of people that have set this up in the past
and they're able to do it on their desktop.
Apparently that is not an available option anymore.
So we are not going to be needing this computer anymore
which means I don't need any of that stuff.
First thing we're gonna do is open up the Tesla app.
Here we go, there's my solar panels.
It was a cloudy day today.
Didn't get that much.
I use a lot of energy by the way, look at that.
So where you need to go on this
is to your profile on the top right corner.
You can see all
of the cars that we have on there except for the Roadster.
And there it is.
Get Tesla insurance.
This is fun going through the process here
your state, Utah, my name and address.
Boom, my driver's license somehow is already in there.
Okay, next suggested address.
Okay, we'll use that.
It does show the Roadsters in there.
I'm impressed.
All right, let's do add to policy.
We're gonna do the S the X, the Y,
I don't own Roadster number 523.
I do own 1443.
Wait, what?
Oh, one at a time.
You have to do it one at a time.
Okay, let's start with the latest
the newest car that we have.
This is the Tesla model Y long range.
And this is Lincoln's car, gonna click next on that usage.
Annual miles driven nine to 12.
Sure, nine to 12.
Is that the lowest you can do?
He doesn't drive a ton.
Let's say nine to 12,000 miles.
That sounds safe for him.
All right, submit.
It's funny is it's only asking
for my driver information right now.
All right, real time safety score is a 90 in Lincoln's car.
Premium is pretty good.
All right, it's showing me all the things, done, got that.
Wow, it's like already ready to go.
We've only been on this
for a few minutes as all the information in there
I can push purchase policy
and it's gonna purchase it right away.
I'm a little confused
because we do have a 16 year old that drives that car.
And then my wife sometimes drives the car
where on my actual policy
it does show the three different drivers.
Oh, add driver, there we go.
Will the price go up for three drivers?
Still the same.
And it does say on there, your premium will be
adjusted monthly based on your driver behavior.
You can cancel at any time.
That's pretty sleek.
Now let's look and see
what our current policy is for the Tesla model Y
and we have an insurance agent
that has shopped all the rates
and supposedly found one of the best rates possible.
So the number is 2,656.
What is 2,656 divided by 12.
Woo, double, jeez.
Let's go ahead.
Well, whoa, whoa, whoa, whoa, whoa.
We did not look at the coverages.
With our progressive one, we have bodily injury,
uninsured motorist, underinsured motorist,
all at 1 million as the limit.
This one has bodily injury liability, $100 per person,
$300 per accident, property damage liability.
Oh, there we go.
Uninsured motor bodily injury
$100,000 per person, 300,000 per accident.
So yeah, it's definitely lower
but also the coverage is lower.
We do have it higher
for uninsured motorists and underinsured.
So I feel like $300,000 per accident is good.
Maybe we don't need a million dollars in coverage.
So in some ways it's not a fair comparison.
When was the last time that you looked
at your actual coverages?
I'm thinking, oh, you can edit it.
We can edit it.
Should we edit the coverages and see how much it goes up?
Let's do it.
Property damage liability.
What do I have on this one?
(suspenseful music)
I think it doesn't even let me go that high on this.
All right, we're just gonna keep it at the lower amount.
Jason, maybe we just need to cut that.
The next thing that I've found in here is add vehicle.
Let's just add these vehicles in here.
Let's do the model S long range.
I drive this one a lot more.
Let's do like 18 to 20,000 a year.
That sounds about right.
All right, we just added the model S
that takes the premium up to 264.
You know what let's just add.
Let's just keep adding vehicles.
Let's do the model X long range.
We drive this one about 15 to 18,000 miles a year.
We have about 88,000 miles
on that car in five years, adding that one,
now we're up to $413.
Let's add another vehicle.
Let's add the convertible Roadster, 1443.
This one, we rarely drive like zero to 3000 a year.
That is realistic on that sucker, submit.
Here we go.
We ran into a problem processing your premium,
call one of our licensed agents at Tesla, blah, blah, blah.
Oh, okay.
We broke the system so we can add the three vehicles
but not the Tesla Roadster via the app.
For now, we hit our limit.
We have the three vehicles that are current.
And I think for the sake of this video,
not very many of you actually have a Tesla Roadster,
like hardly anybody has them,
maybe a thousand people or less in all of America
have a Tesla Roadster.
So we'll leave that one out
because I don't think it's applicable to you,
but I will figure it out
and I'll post it on our Instagram or our Twitter
what the rates were for our actual Tesla Roadster.
And if Tesla would actually cover it
let's add up how much I spend on these ones.
The Tesla model X.
What's 3789 divided by 12?
Wow, that one's $315 per month just for the Tesla model X.
Ouch, wow, Tesla model S.
What's 3635 divided by 12?
3002.92.
Woo and the Tesla model Y?
What's 302.92 plus 315.75 plus 221.33.
We're looking at a grand total of US $840 per month
is what we spend on our three Tesla vehicles.
Wow, that's a lot.
We do have pretty high limits on these
like a million dollars on some of the coverage
just in case there is an accident
$840 is what I'm paying right now.
And Tesla insurance is going to drop
that to $413.70.
Wow, that is over a 50% reduction in cost.
So I'm sitting here thinking I should probably do it.
I mean, $400 a month.
What could I spend $400 a month on?
A lot of other things.
Now I'm going to screenshot this
and send it to our insurance agent.
'Cause I told him I was gonna be doing this video anyway
have him look at the coverages
and see if he dropped the coverages
for this policy that we have to see
if it would go down that low.
The other thing that I don't know exactly how it works is
that my cars are all owned under the company
under what's inside LLC.
So I do have a commercial auto insurance policy
and those potentially could be different rates
that if my insurance agent went
and made them personal policies
instead of on the business, then maybe
that would change some things.
But for now I'm going to buy this coverage
and then tomorrow morning I'm gonna talk
to my insurance agent give him everything and just see,
did we really just save 50% off of our car insurance
by switching to Geico?
I mean switching to Tesla or is there more to the story?
There we go.
Purchase policy, buying it right now.
$400, you are now covered.
Putting three of my four Teslas
are now covered with Tesla insurance.
Thank you, Tesla insurance for coming to Utah.
I hope that I never have to file a claim with you
and that our cars are safe and that all of us drive safe.
I'm gonna cancel my other insurance tomorrow morning
and make sure that I'm not missing anything
with my insurance agent, but from what I'm seeing
everything looks good and Tesla insurance, way to go.
Now this rate could change every single month
based off of how aggressive I drive.
And if you know me or ridden in my car,
I do drive pretty aggressive.
Let me know in the comments, what your thoughts are.
If you drive a Tesla, would you get Tesla insurance?
And also what things could I have missed?
All right, thanks so much for watching, we'll see you.
Hey Link.
Just doing a Tesla insurance video
to see if we can save some money.
Looks like we're save some money already.
I'm gonna push the button.
Woo, double.
Jeez, we broke the system.
That's pretty sleek.