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Mehrts:@jonathan18 Insurance for my Model 3 with Tower is $1585/yr as of a couple of weeks ago. That's with a $750 excess.
That was for the full $73k of agreed value, even though I got mine discounted at $68k, so I probably could have dropped the premium a bit by choosing a smaller amount of cover.
Tower do not cover panoramic sunroofs under their zero excess glass replacement option. I'll cross that bridge if/when I come to it.
Thanks for that info; I’ve just checked and Tower is at the upper end for me, with a premium of $2163 (not surprising given I understand TM insurance is rebranded Tower). MAS is a similar price.
Given where the price of Ys have gone since we bought ours ($10k lower!), I’m comfortable with an agreed value that’s a decent amount lower than what we paid for it, but also need to be sure it covers the cost of the towbar and other accessories.
The renewal documentation sent by AA is really poor as it has none of the specific details of the policy I originally took out, eg it doesn’t mention the cost of rental car coverage (taken out as we were doing a longish SI trip) - I’ll give them a call to remove that as it should bring the price down a bit… [edit: I see they’re quoting on an agreed value of $82k, which was relevant at purchase time but as covered earlier is way above what it needs to be now; hopefully this will also reduce the increase.]
Edit: After talking to AA I’ve found that dropping the agreed value to $72k and removing hire car provision reduces the premium by $128 (so not a huge amount). The weird thing is that dropping the value below $80k also meant I was no longer being stung with the addtional ‘premium car’ excess, which pushed my excess to $1100, so it’s back to $500. If I’m happy with a higher excess, voluntarily going with $1000 saves me a further $156. That said, given the roof’s not covered under the glass nil excess I may be better off sticking with the $500 excess!
