2021 Mach-E Insurance Price Quote

Lukas

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Anyone been able to get an insurance quote yet? If not, any educated guesses as to what other vehicles it might be priced similar to?

I just tried getting a quote on Geico and Progressive but the Mach-E isn't listed yet. Even tried a Model Y just to get a ballpark estimate but that wasn't in the systems yet either.
 

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I ran a quote for a model 3 and it increased my insurance by about $18 a month. I’m not sure how that will translate to the Mach E, but it least shows me that a $50k-$60k EV won’t have a huge impact on my insurance (currently drive an 18’ Honda Accord).
 
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I ran a quote for a model 3 and it increased my insurance by about $18 a month. I’m not sure how that will translate to the Mach E, but it least shows me that a $50k-$60k EV won’t have a huge impact on my insurance (currently drive an 18’ Honda Accord).
Thought about doing that too just for an idea but I was thinking the Model 3 is probably classified differently. It's a sedan while the Mach-E will be classified as a crossover or SUV?
 

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Thought about doing that too just for an idea but I was thinking the Model 3 is probably classified differently. It's a sedan while the Mach-E will be classified as a crossover or SUV?
Could be different, but not sure how much different. I say that because the Model 3 is known to have higher insurance rates because of the aluminum frame repair costs. I figured EV close to the same price point would yield a somewhat similar insurance quote. While being a crossover could make a little different, I wouldn’t expect a huge jump in price.

You might want to quote a model 3 and maybe something a Jaguar ipace or audi etron. Those are more expensive vehicles so the insurance quote will be higher, but might give you a range of possibilities. And if all quotes are fairly close, it will probably give you some comfort that the Mach E won’t be far off.

I am saying this with the caveat that I’m not in the insurance industry so could be way off.
 

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Could be different, but not sure how much different. I say that because the Model 3 is known to have higher insurance rates because of the aluminum frame repair costs. I figured EV close to the same price point would yield a somewhat similar insurance quote. While being a crossover could make a little different, I wouldn’t expect a huge jump in price.

You might want to quote a model 3 and maybe something a Jaguar ipace or audi etron. Those are more expensive vehicles so the insurance quote will be higher, but might give you a range of possibilities. And if all quotes are fairly close, it will probably give you some comfort that the Mach E won’t be far off.

I am saying this with the caveat that I’m not in the insurance industry so could be way off.
Do we know what the frame and body construction of the Mach-E is? Aluminum and/or steel? Like you said that will have an impact on insurance rates compared to the other vehicles you listed.
 

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Do we know what the frame and body construction of the Mach-E is? Aluminum and/or steel? Like you said that will have an impact on insurance rates compared to the other vehicles you listed.
I thought I read it was a mix
 

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I ran a quote for a model 3 and it increased my insurance by about $18 a month. I’m not sure how that will translate to the Mach E, but it least shows me that a $50k-$60k EV won’t have a huge impact on my insurance (currently drive an 18’ Honda Accord).
Wow, you need a better insurance company; yours is ripping you off. When I switched from a $18K Nissan Juke to a $54K Model 3, my insurance rates dropped $100 per year. I asked the Agent at USAA why and she explained that while the cost to repair a 3 was higher than standard, the odds of it being in an accident were far lower--1/6--than legacy cars. Also, though the cost to repair the car was high, the cost to repair the humans in the car was lower. (Lower medical payouts due to better protected occupants.) She also explained that some insurance companies were taking advantage of the public by raising rates on EVs for no real reason other than they think they can due to a lot of misconceptions about EVs. (Price gouging.)
 

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Anyone been able to get an insurance quote yet? If not, any educated guesses as to what other vehicles it might be priced similar to?
My Progressive insurance went up 20% but car value went from $25k Subaru to $52k Tesla.
 

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Wow, you need a better insurance company; yours is ripping you off. When I switched from a $18K Nissan Juke to a $54K Model 3, my insurance rates dropped $100 per year. I asked the Agent at USAA why and she explained that while the cost to repair a 3 was higher than standard, the odds of it being in an accident were far lower--1/6--than legacy cars. Also, though the cost to repair the car was high, the cost to repair the humans in the car was lower. (Lower medical payouts due to better protected occupants.) She also explained that some insurance companies were taking advantage of the public by raising rates on EVs for no real reason other than they think they can due to a lot of misconceptions about EVs. (Price gouging.)
USAA for life here. I don't think USAA is a fair comparison to other ins companies. I've not found an ins company can match or beat the USAA rates.
 

benboy12

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Wow, you need a better insurance company; yours is ripping you off. When I switched from a $18K Nissan Juke to a $54K Model 3, my insurance rates dropped $100 per year. I asked the Agent at USAA why and she explained that while the cost to repair a 3 was higher than standard, the odds of it being in an accident were far lower--1/6--than legacy cars. Also, though the cost to repair the car was high, the cost to repair the humans in the car was lower. (Lower medical payouts due to better protected occupants.) She also explained that some insurance companies were taking advantage of the public by raising rates on EVs for no real reason other than they think they can due to a lot of misconceptions about EVs. (Price gouging.)
I actually have USAA. Maybe it has something to do with the state I live in? I know my rates have gradually raised every year and I’ve been told that it’s due to the increasing number of claims in my state.
 

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I actually have USAA. Maybe it has something to do with the state I live in? I know my rates have gradually raised every year and I’ve been told that it’s due to the increasing number of claims in my state.
Maybe it's your coverage? I carry a lot extra for medical payments, liability, uninsured motorist coverage. The premiums for what I paid for covering the car itself did go up, but everything else went down so much that the overall result was a reduction in premiums.
 

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Maybe it's your coverage? I carry a lot extra for medical payments, liability, uninsured motorist coverage. The premiums for what I paid for covering the car itself did go up, but everything else went down so much that the overall result was a reduction in premiums.
That makes sense. I have above the minimums for everything, but you may carry more than I do.
 

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That makes sense. I have above the minimums for everything, but you may carry more than I do.
Did you get a quote with or without "Full Self Driving"? I think that was what actually made a big difference now that I think about it.
 

benboy12

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Did you get a quote with or without "Full Self Driving"? I think that was what actually made a big difference now that I think about it.
I did the quote online and I didn’t see an option for FSD in the quote system. I suspect that it treats it as no FSD. I suspect that could be the difference too.
 
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