[buddenfan]

Liberty Mutual quoted me for 2024 IX M60 $6,800 for the year. Been with them 12 years with a clean driving record. Only had glass claim for safelight to fix windshield a few years ago after a rock on highway cracked it. Never had any accidents, dont have any points or tickets.

State Farm quoted me $2,902 for 6 months. For some weird reason they dont do yearly policies only 6 months.

[Pictor]

Location, location, location. I'm paying almost 1/3 that rate in WA State although my umbrella policy did nearly triple in cost compared to last year.

[LVBMW]

About $2500 a year for me through USAA, and we have terrible drivers in Vegas. You didn't elaborate on your coverage limits, deductibles, etc. as obviously those can make a difference ($250 comp and collision deductibles for me).

[thebishman]

State Farm quoted me at $1600/year for my ‘24 M60 here in Overland Park, KS which is a suburb of Kansas City, KS.

I was pissed the rate had increased so much from my ‘19 etron, but maybe I should be happy!

[Kennethjk]

My IX 50 is $1400 a year in a NYC suburb, Rockland County

If I insured the car in Florida it would have been $3500 a year

As someone above said, location, location, location

[Windshieldfarmer]

Originally Posted by thebishman

State Farm quoted me at $1600/year for my ‘24 M60 here in Overland Park, KS which is a suburb of Kansas City, KS.

I was pissed the rate had increased so much from my ‘19 etron, but maybe I should be happy!

I’m in Wichita and I am paying $1,800 per year with American Family; I was very unhappy with that rate. (IX 50). I didn’t change insurance companies because it seems the best rates are bundled; other aspects of my policy coverages are preferable, especially my homeowners coverage/price. I have a clean driving record.

Ifeel for those living in high cost areas…not sure how people afford insurance in some of these locations. Perhaps that’s the problem…in places with high costs too many drivers go without insurance, driving up costs for others.

[SignMD]

Here in the Cleveland area, I am paying $1,700 a year for both my cars (2023 iX, 2023 EQE500). This is after a $2M plus claim when my house burned down with my Cayenne in the garage. Liberty Mutual handled the claim then dropped me so I am with Auto Owners now.

[Windshieldfarmer]

Originally Posted by SignMD

Here in the Cleveland area, I am paying $1,700 for both my cars (2023 iX, 2023 EQE500). This is after a $2M plus claim when my house burned down with my Cayenne in the garage. Liberty Mutual handled the claim then dropped me so I am with Auto Owners now.

That’s awesome….don’t understand the massive variance.

[ok31]

I’m in NYC with geico and 2 drivers and 2 cars iX50 and MDX both ‘24 and 6 months is just under 2k

[roxxor]

Wow, guess I can’t complain as much about the recent increase we had with Geico. North Florida, $2280/6 months for 2 cars (wife’s 2020 Honda Odyssey), of which the iX accounts for $1254.

[therealkenc]

Originally Posted by buddenfan

State Farm quoted me $2,902 for 6 months. For some weird reason they dont do yearly policies only 6 months.

That increases the frequency of rate renewals i.e. more $$$$ for them

[LuisBoston]

My last insurer wouldn’t cover the iX. So I had to shop around.

LM quoted me more than 2x Plymouth Rock here in MA (annually $1600 for iX and $670 for the 128i). And I have Home with LM.

Don’t be so loyal.

I wanted to move home too, but PR wouldn’t provide coverage. C’est la vie.

[Paladin1]

As above, depends on your coverage, but about $3,500 annually for 2 cars (MY22 & MY23), USAA. About the same as previous two X5s.

[thebishman]

Originally Posted by Windshieldfarmer

I’m in Wichita and I am paying $1,800 per year with American Family; I was very unhappy with that rate. (IX 50). I didn’t change insurance companies because it seems the best rates are bundled; other aspects of my policy coverages are preferable, especially my homeowners coverage/price. I have a clean driving record.

Ifeel for those living in high cost areas…not sure how people afford insurance in some of these locations. Perhaps that’s the problem…in places with high costs too many drivers go without insurance, driving up costs for others.

I really am worried that Teslas being made with single, huge pressings are having a pronounced effect on the costs to repair, and markedly increasing the numbers of ‘write-offs’ for what seems relatively ‘small’ accidents. Rivians apparently also can be extremely complicated/expensive to repair.

These costs are of course being borne by all of us, regardless of the type of vehicle we drive.

[Windshieldfarmer]

Originally Posted by thebishman

I really am worried that Teslas being made with single, huge pressings are having a pronounced effect on the costs to repair, and markedly increasing the numbers of ‘write-offs’ for what seems relatively ‘small’ accidents. Rivians apparently also can be extremely complicated/expensive to repair.

These costs are of course being borne by all of us, regardless of the type of vehicle we drive.

I am also sure the composite frame on the IX is probably contributing to high insurance costs. It’s crazy how seemingly minimal damage can nearly total an EV. That issue alone could further slow adoption.

[Pictor]

I think we're conflating issues here. The entirety of the CLAR platform vehicles use CFRP to varying degrees. The cost of repair is more than just the CFRP component and it's not unique to EV. Aluminum is also expensive to repair and even my decades old Land Rover has a healthy dose of aluminum. T*'s approach has been to cast large components which greatly changes the repair vs replace calculus. All of these decisions contribute to the problem of insurance cost but they're not the same across different brands or even unique to EVs.

[ggalanis]

Originally Posted by Windshieldfarmer

I am also sure the composite frame on the IX is probably contributing to high insurance costs. It’s crazy how seemingly minimal damage can nearly total an EV. That issue alone could further slow adoption.

It is not limited to EVs. Family member with an 8 month old Kia Sportage recently got into an accident (driver side rear quarter panel, driver side rear wheel well, rear bumper, and tailgate were damaged, the cops allowed him to drive the car home after) and his insurance totaled his car over it citing the labor and expensive replacement parts made it too expensive to repair.

To me, it looks fishy. He'll likely be happy with his new replacement car, but if it comes at the expense of a decade of increased premiums, it may not be the best overall for him. I would have enquired about the affect on his premiums between the repair and the car being totaled but he is busy new car shopping so I guess his mind is already made up.

[Windshieldfarmer]

Originally Posted by ggalanis

It is not limited to EVs. Family member with an 8 month old Kia Sportage recently got into an accident (driver side rear quarter panel, driver side rear wheel well, rear bumper, and tailgate were damaged, the cops allowed him to drive the car home after) and his insurance totaled his car over it citing the labor and expensive replacement parts made it too expensive to repair.

To me, it looks fishy. He'll likely be happy with his new replacement car, but if it comes at the expense of a decade of increased premiums, it may not be the best overall for him. I would have enquired about the affect on his premiums between the repair and the car being totaled but he is busy new car shopping so I guess his mind is already made up.

Once the insurance company pays out more than a minimal amount on an at fault accident your rates will increase regardless….probably no extra premium increase for a replacement vs. a repair.

[ggalanis]

Originally Posted by Windshieldfarmer

Once the insurance company pays out more than a minimal amount on an at fault accident your rates will increase regardless….probably no extra premium increase for a replacement vs. a repair.

He was 100% not at fault.

It is no fault insurance here, so you always deal with your own insurance company no matter who is to blame, so this might make it different than other places without that system.

[exxxviii]

Originally Posted by thebishman

These costs are of course being borne by all of us, regardless of the type of vehicle we drive.

It’s not just Tesla, it’s everyone. GM just bought Tesla’s key gigacast supplier, so expect the industry to follow.

When BMW did their huge one-piece aluminum frame in the E60, total claims shot through the roof and took insurance with it. That was 20 years ago, so BMW was a forerunner in this space. I’m guessing the carbon tub and Stupidly expensive roof panel are not helping us in the iX.

[NomoTesla]

$1,275 for 6 mos w/ The Hartford for 250/500 coverage quoted direct and that rate is for two cars including our iX. If I went through my insurance agent the same coverage with the same insurer would have cost double!

[thebishman]

Originally Posted by exxxviii

It’s not just Tesla, it’s everyone. GM just bought Tesla’s key gigacast supplier, so expect the industry to follow.

When BMW did their huge one-piece aluminum frame in the E60, total claims shot through the roof and took insurance with it. That was 20 years ago, so BMW was a forerunner in this space. I’m guessing the carbon tub and Stupidly expensive roof panel are not helping us in the iX.

God I miss the screaming V10 in my 2006 E60 M5; what a car. lol