Insurance Rates for R2

[mikebee94583]

Anyone mind sharing insurance premium increase/decrease percentage for the R2?

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[Yamazaki]

Anyone mind sharing insurance premium increase/decrease percentage for the R2?

Even without inquiring about the rates I know mine will go way up because it's bigger, heavier, and worth way more than what it will be replacing. So I would say it depends on what your baseline is.

 

[Blitzjb]

Insurance is not comparable person to person or location to location.....

 

[dduffey]

Anyone mind sharing insurance premium increase/decrease percentage for the R2?

Under $700 increase for 6 mo on Progressive. This is inline with our other vehicles for our coverage and situation. R1T, R2, Tesla MY three drivers including teen.

 

[graytag]

OP- agreeing with others that there are a lot of variables, I know you're just trying to get a sense for what to expect vs what you have. You can now price it on most sites by using 2027 R2. I was pleasantly surprised. For comparison, I have a 2023 i4 and it is about $80 more per 6 months to switch to the R2. I used the Geico site to run #'s.

 

[r2fb]

You can play around with coverages in the Progressive app. Removing my 2023 Model Y and adding a 2027 R2 is $84 more (for 6 months) with the same coverage options.

 

[Great Gatsby]

On a quote, I'm trading in a 2018 BMW and rates are only going up about $50 per month. Not bad honestly. Your rates may differ but definitely shop around. The whole "EVs are more expensive to insure" is mostly a myth and like everything else, varies from carrier to carrier and vehicle to vehicle.

 

[DaveA]

With Geico, my rates are going down 20% swapping R1 for R2.

 

[graytag]

With Geico, my rates are going down 20% swapping R1 for R2.

The biggest thing keeping me from an R1 was insurance rates. There's a lot to say for the repairability of the R2, especially concerning what should be a minor accident!

 

[DaveA]

The biggest thing keeping me from an R1 was insurance rates. There's a lot to say for the repairability of the R2, especially concerning what should be a minor accident!

It will be a lot easier to repair. It was designed that way, and per a mobile service tech they were asked for grievances on how to make repairs easier, etc, during the development process. So here's hoping that's all true.

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