mikebee94583
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Anyone mind sharing insurance premium increase/decrease percentage for the R2?
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Insurance Rates for R2
- Thread starter mikebee94583
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Yamazaki
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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
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Insurance is not comparable person to person or location to location.....
dduffey
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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
Member
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.
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Great Gatsby
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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.
graytag
Member
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
Well-Known Member
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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SwampNut
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That's simply not a true blanket statement. We traded a 2019 Tesla 3 LR for the Rivian. It's value was mid-20s, and the Rivian...way more, and heavier, and all that. Our insurance cost went down. Similarly when we traded in a BMW for the Tesla, cost also went down.
This. When I compare cost to friends, we see wildly varying rates even with everyone being somewhat similar in demographics. I don't get it. Also Progressive is 1/3 the cost of many other quotes I got.
SwampNut
Well-Known Member
Another notable thing is that adding the full glass coverage on my policy would nearly double the cost. It was the same cost as a new windshield every 18 months or so. I haven't needed glass in nearly ten years, so statistically that's a losing deal.
Jeremy3292
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It is nearly impossible to compare insurance rates and shouldn't be done as the variables are infinite. Best to just discuss overall companies you've found to be cheaper, so I will say I've found Progressive to be remarkably cheaper for the same coverage vs. all the other guys - Geico, USAA (surprisingly), State Farm, etc. Even when my rates have gone up a lot with Progressive (just inflation, no accidents) they were still so much cheaper than others.
AlphaSnowbordergirl
Well-Known Member
I just asked USAA for a ballpark quote and they gave me $530 a month. The R1S quote was about $530 as well. A few months ago, they quoted me $270. This was after they raised my insurance to $200 a month on a car worth $8,000 now. I'm going to have to switch as they are getting out of control. Out of my almost 20 years of driving, I've only made 1 claim and it was a minor repair. It's not just me right? That's high or am I crazy.
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