Mach-E Insurance Price Quote. How Is Yours?

[eastern refugee]

My insurance (Allstate) agent called to wish me a happy birthday and see how things are going. Of course, I mentioned the new Mach E was coming. He was all interested to hear it but was a little concerned it might be expensive to insure. He was pleasantly surprised and I can add another data point that says it's not expensive to insure the Mach E. Six-month premiums:
2016 Leaf $574
2021 Mach E $597
$46 per year more than the Leaf.

As @eastern refugee said, it's not the cost of the vehicle that matters, fortunately.

BINGO. Cost is less a factor then people realize. In the past it was because insurance companies did not have internet access to the point where all kinds of info can be broken down and examined. With the advent of new technology is not about price but rather related costs. Tesla’s BIGGEST issue is being a monopoly on fixing cars. Monopolies ALWAYS cost more.

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[buffasnow]

The yearly Liability portion of my MME FE quote is actually less than my 2011 Edge (267 vs 285). The comprehensive and collision (both 500 deductible) portions are each more than double for the MME though, so in total, I am at 790 for the Edge and 968 for the MME.

 

[eastern refugee]

The yearly Liability portion of my MME FE quote is actually less than my 2011 Edge (267 vs 285). The comprehensive and collision (both 500 deductible) portions are each more than double for the MME though, so in total, I am at 790 for the Edge and 968 for the MME.

Actually that makes ZERO sense. Liability is liability. It is totally IRRELEVANT whether you drive a pinto or a Ferrari. Liability pays the medical bills on the other person that YOU hit. If the liability is less for a car then it should be the same on EVERY car that you own with the same insurance company. Comp/coll deductibles are different based on each car.

If yours is different then I would be SERIOUSLY be asking questions. The overall price is dependent on the parts. If money is being used from liability to offset the deductibles that is crap.

 

[benk016]

Actually that makes ZERO sense.

Did you miss the part where he mentioned this?

" For reference - you know that annual safe driver discount? I never get them. Something to do with my "real" mustang's supercharger and the associated annual speeding ticket. "

 

[eastern refugee]

Did you miss the part where he mentioned this?

" For reference - you know that annual safe driver discount? I never get them. Something to do with my "real" mustang's supercharger and the associated annual speeding ticket. "

california safe driver discount- you can have 1 speeding ticket which is less than 20 miles over the posted speed limit OR one accident in which there was ZERO dollars paid out in liability or medical expenses.

the type of car is irrelevant. The person in question stated that compared to his other car the costs of liability decreased while the comp/coillision doubled. The liability of car 1 to a replaced car would result in the same price. So if you are not getting a discount on car 1 then you would not get the same discount on the replacement car but the cost of liability for both the old car and new car would be nearly identical.

 

[benk016]

More tickets coming in between quotes could affect a liability rate. Or does a quote base it off your driver rating at the last renewal?

 

[ajmartineau]

If you are not a licensed or previously licensed Insurance Agent, Broker, Underwriter, or Acturialist, please don't give advice on insurance or quote that you know what makes up a rate as fact.

Signed
Former Insurance Agent (sold agency)

 

[eastern refugee]

If you are not a licensed or previously licensed Insurance Agent, Broker, Underwriter, or Acturialist, please don't give advice on insurance or quote that you know what makes up a rate as fact.

Signed
Former Insurance Agent (sold agency)

i am a licensed agent/broker in excess of 30 years and still have my agency.

liability price Is based on your driving record. However the cost will be ver close regardless of price. So yes the pure cost of liability on a Pinto or Ferrari would be basically the same. Comp/collision costs are mostly based on the specif car itself. Price of car is only a factor in terms of the demographics. A ford RS is cheaper to insure than a Focus ST. Reason assuming everything else is equal is that the cost of an RS was people in their 40’s plus. The ST would be 20’s. Older usual equals more experience etc.

The answer to tickets the rate effects liability. Remember liability is the coverage used to pay injuries. As such if you have tickets the greater the chance of an accident. Now the surcharge of a ticket only occurs on renewal. Most insurance companies do their renewals 45 days in advance of the actual renewal date. If the company finds out that you got a ticket say 15 days before renewal it will NOT affect that renewal. Instead it will affect it 6 months later. At the same time if it is a minor ticket it comes off on the renewal AFTER the period that the company uses. Some are 3 years and others are 5 years. Again if the ticket comes off during the 45 day renewal rate it will NOT come off until the following g renewal.

bottom line is knowing what effects what can help you understand your rate.

liability is tickets/accidents.

comp/coll is the specific car.

there are more aspects but this is the glittering generality. So if you have two cars and you are the driver of both the liability costs should be somewhat equal. I say somewhat because if you have 1 ticket in this scenario insurance companies can only charge it once. In short the ticket will affect the liability cost of just one car.

I hope that I have not made this too confusing. What I am trying to say is this is THE why smart people have agents/brokers and do NOT go on the internet and take the cheapest price. Doing that is a lawyer defending themselves. If anyone has specific questions email me. Happy to answer. Insurance is insurance. Companies are irrelevant in terms of concepts.

 

[ChasingCoral]

Actually that makes ZERO sense. Liability is liability. It is totally IRRELEVANT whether you drive a pinto or a Ferrari. Liability pays the medical bills on the other person that YOU hit. If the liability is less for a car then it should be the same on EVERY car that you own with the same insurance company. Comp/coll deductibles are different based on each car.

If yours is different then I would be SERIOUSLY be asking questions. The overall price is dependent on the parts. If money is being used from liability to offset the deductibles that is crap.

Doesn't liability also cover your passengers, making it potentially cheaper if you drive a safer car? Also, collision avoidance systems will reduce your chance of being liable in an accident. I doubt these are primary drivers but probably fit into the calculations.

 

[ClaudeMach-E]

Doesn't liability also cover your passengers, making it potentially cheaper if you drive a safer car? Also, collision avoidance systems will reduce your chance of being liable in an accident. I doubt these are primary drivers but probably fit into the calculations.

Well my insurance person told me that all this tech in new cars cost much more to repair and people are relying too much on it, that was the answer I got telling them that all this tech is suppose to avoid accidents because they have told me that my insurance would double.

 

[Mike16]

I’m curious of canadian quotes,
Best I found was 1550+tx for a year.

 

[highland58]

Here is what my agent told me:
Just following up now that the VIN# is in the Database the premium compared to insuring the Clarity is coming back as a “reduction” of premium of $17.33 a month , reduction of $104 over 6 months.

 

[Daniel M]

i am a licensed agent/broker in excess of 30 years and still have my agency.

liability price Is based on your driving record. However the cost will be ver close regardless of price. So yes the pure cost of liability on a Pinto or Ferrari would be basically the same. Comp/collision costs are mostly based on the specif car itself. Price of car is only a factor in terms of the demographics. A ford RS is cheaper to insure than a Focus ST. Reason assuming everything else is equal is that the cost of an RS was people in their 40’s plus. The ST would be 20’s. Older usual equals more experience etc.

The answer to tickets the rate effects liability. Remember liability is the coverage used to pay injuries. As such if you have tickets the greater the chance of an accident. Now the surcharge of a ticket only occurs on renewal. Most insurance companies do their renewals 45 days in advance of the actual renewal date. If the company finds out that you got a ticket say 15 days before renewal it will NOT affect that renewal. Instead it will affect it 6 months later. At the same time if it is a minor ticket it comes off on the renewal AFTER the period that the company uses. Some are 3 years and others are 5 years. Again if the ticket comes off during the 45 day renewal rate it will NOT come off until the following g renewal.

bottom line is knowing what effects what can help you understand your rate.

liability is tickets/accidents.

comp/coll is the specific car.

there are more aspects but this is the glittering generality. So if you have two cars and you are the driver of both the liability costs should be somewhat equal. I say somewhat because if you have 1 ticket in this scenario insurance companies can only charge it once. In short the ticket will affect the liability cost of just one car.

I hope that I have not made this too confusing. What I am trying to say is this is THE why smart people have agents/brokers and do NOT go on the internet and take the cheapest price. Doing that is a lawyer defending themselves. If anyone has specific questions email me. Happy to answer. Insurance is insurance. Companies are irrelevant in terms of concepts.

I appreciate all of this information about how insurance plans work. I also live in southern CA and will be contacting you about insurance needs in the future.

Also as a side note, the more I read on this site, the more and more I think cartoon race cars love the taste of crow

 

[eastern refugee]

Well my insurance person told me that all this tech in new cars cost much more to repair and people are relying too much on it, that was the answer I got telling them that all this tech is suppose to avoid accidents because they have told me that my insurance would double.

Insurance Agents, which upsets me greatly, are in the same ball park as used car sales and lawyers. If they cannot explain why the rate is higher they simply make something up that sounds like it makes sense. For MANY years people were concerned about color having an impact on car insurance rates because colors like red are more visible to the police.

My recommendation is find another agent who actually understands their product. I buy my cars from the same person for the past 14 years. The reason is because he knows as much about cars as I do. Most salesman only know what they can see in a car brochure. My guy knows the ins and outs and keeps up with the changing Ford developments. I am buying the car because he knows more about my future car then I do. If your agent says something that seems odd, time to find a new agent

 

[ClaudeMach-E]

I’m curious of canadian quotes,
Best I found was 1550+tx for a year.

Mine give me a price of $1291, but it's not really a quote because when I call she told me that the MME was not in their system yet, so she told me I could expect double what I'm paying now.

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