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    insurance quotes throwing me off. is being a 24 year old male just that shitty?

    • 24 year old male
    • car will be garaged in home that is owned by parent in a super safe neighborhood and suburban town in connecticut
    • car will be driven less than 6000 miles a year (hybrid work)
    • 780 credit score
    • licensed since 17
    • no infractions, tickets, crashes, criminal record
    • no gaps of insurance since initially licensed
    • bachelor's degree pursuing masters
    • accountant
    • car will be financed

    i understand my age and gender, but $400 / month for a financed tesla model 3 performance awd seems a bit steep for full coverage? i was quoted $1200 / month by another insurer. statefarm quotes me at $250 / month if i stay under my moms insurance with all of her discounts and whatnot? keep looking or is this the reality for young males with otherwise good records?

    • edit ; to clarify i have not purchased the car. i'm still driving my older car. just gathering some info on a prospective purchase.

    insurance quotes throwing me off. is being a 24 year old male just that shitty?
    byu/foamtoreando inInsurance



    Posted by foamtoreando

    View 26 Comments

    26 Comments

    4. benza13 on

      You’re lucky to find coverage for a tesla at all, companies are starting to drop them because they are a nightmare to fix. Add on top of that being an under 25 male and you have the perfect recipe for crazy rates

    5. benza13 on

      You’re lucky to find coverage for a tesla at all, companies are starting to drop them because they are a nightmare to fix. Add on top of that being an under 25 male and you have the perfect recipe for crazy rates

    8. The_Insurance_Man on

      Every Tesla that I have insured that has been in an accident has been considered a total loss.

    9. ColonelPotter22 on

      I looked at Tesla for insurance it was $3200 just for the Tesla alone and I’m 34

    10. HaggisInMyTummy on

      maybe don’t get a tesla then?

      with your accountancy background you surely know that prudent financial decisions are made AFTER getting relevant information. e.g., what does a prius cost to insure? or a bz4x?

    11. gymngdoll on

      Yeah the Tesla is not helping you here. They are very expensive to repair and total fairly easily.

    12. Gecks_more on

      Tesla or any electric car costs more because they’re more expensive to fix and not every mechanic can work on it.

    13. Traditional-Nail9563 on

      Never buy a car without knowing the insurance cost first. Sorry you had to learn the hard way. Don’t screw yourself over by getting the lowest coverage/high deductible plan either. If you can’t afford the insurance, you can’t afford the car. Good luck.

    16. itsjustfood on

      Under 24 male with a car that can hit 60 in under 3 seconds. Yeah, good luck with that.

    18. Lexei_Texas on

      The problem is that it’s a piece of shit Tesla. Nobody wants to insure them bc they are dangerous and expensive to fix

    19. AdministrativeAir688 on

      Maybe don’t get a new car from a company that makes cars notably expensive to fix and that’ll void your warranty if you don’t take it to the right auto shop

    23. Household61974 on

      Lemme guess – USAA?

      $1200/m – it’s not a Ferrari!

      For (not so good) comparison sake, I had usaa quote $500/month for my 17 yo son for a 2002 GMC Sonoma.

      Been with them near 20 years and had to leave. Went with Progressive.

    24. advamputee on

      You’re 24 and pricing out the performance version of the Model 3. The magic age where insurance rates start to go down is 25. And I guarantee you the non-performance version will be half as much to insure.

      That said, as a prior owner of a Model 3 Performance, it’s a pretty sweet car. I’d stick on your mom’s insurance for the discounts for at least a year and shop again when you’re 25.

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