Insurance cost / quotes / premiums for Cybertruck -- what's yours? 💲

[DFWBrad]

I have American Family Connect (Costco Car Insurance). I'm in Tampa, FL and they do not write new polices in the state of Florida as of now.

2 Drivers, 40 and 44 with clean records. 250/500 liability, 250/500 uninsured motorist, 100,000 property damage, 1000 deductibles full coverage

Adding the Cybertruck to my Tesla Model Y and 2001 4runner would be an extra $1208 every 6 months which would equate to almost exactly $200 per month.

If I replace my Tesla Model Y with the Cyber truck the increase is only $334 every 6 months and the Cybertruck portion would be $1337 which is $228 per month.

They didn't have them in the system yet and quoted me based on an MSRP of $100,000. Personally I feel this quote is very fair and I'll be sticking with them once my truck gets here!

I did half or less of your coverage, and mine was quoted at $400+ per month.... In Texas lol

Did a Direct Auto Allstate Quote; came out to $4570 for 6 months....

Age: 33
Location: DFW Texas
Driving record: no at fault accidents or tickets in the last 6 years (4 years ago got tboned by someone else running a stop sign 100% fault places on them due to Cams)
Marital status: Not married
Drivers @ home: just me
Drive Usage: Pleasure, no commute for work or for work
Level of insurance: 100K, 300k, 100K
Deductible: $1,000
Other insurance impediments: n/a

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[CyberNickOH]

Mine is $90/month. Age 46, Ohio, Nationwide insurance. Typical coverage amounts.

 

[JHawkins]

I have American Family Connect (Costco Car Insurance). I'm in Tampa, FL and they do not write new polices in the state of Florida as of now.

2 Drivers, 40 and 44 with clean records. 250/500 liability, 250/500 uninsured motorist, 100,000 property damage, 1000 deductibles full coverage

Adding the Cybertruck to my Tesla Model Y and 2001 4runner would be an extra $1208 every 6 months which would equate to almost exactly $200 per month.

If I replace my Tesla Model Y with the Cyber truck the increase is only $334 every 6 months and the Cybertruck portion would be $1337 which is $228 per month.

They didn't have them in the system yet and quoted me based on an MSRP of $100,000. Personally I feel this quote is very fair and I'll be sticking with them once my truck gets here!

"New auto or home insurance policies are currently not available in Florida".

 

[stubro]

I am in Florida and mine was about $1800/6 months. No accidents, tickets, etc. In comparison my 2024 GT3 Manthey is $2200 and is 3X the CT. Crazy the premiums on the CT.

 

[vinsk]

I am in Florida and mine was about $1800/6 months. No accidents, tickets, etc. In comparison my 2024 GT3 Manthey is $2200 and is 3X the CT. Crazy the premiums on the CT.

Here’s what I’ve got on my insurance right now:

• Coverage on MYP and 3 SF:
  • 250/500K Liability
  • 250/500K Underinsured
  • 250k Property Damage
  • 100 Comprehensive
  • 1000 Collision
  • $1200 each for 6 months

I played around with another option on CT for:

• 100/300K Liability
• 25/50K Underinsured
• 100k Property Damage
• 500 Deductibles
• Came to $943 for 6 months

I have one, not-at-fault claim where the other party paid my insurance. It was just a minor bumper touch, but it had to be painted. I also had a glass claim for $650 (Should have paid that myself?)

Insurance Experts, I have a few questions:

1. If we’re in an accident that’s not our fault, does it matter if we go through our insurance first and then get reimbursed, or should we file a claim directly with the other party? I ask because my no-fault claim and glass claim shows up when getting instant quotes, and American Family (Costco) refused to give me one because of these claims last year.
2. Do we need underinsured coverage at 250/500k levels if we have good PPO health insurance?

 

[sirozha]

I live in metro Atlatna, and I've been given a quote of about $870 for six months to insure Cybertruck (in addition to my Model Y, which is about $740 for six months). I have homeowners and umbrella policies with the same insurance company, so I'm getting a discount for having a triple-play insurance with them and also having two cars on the auto policy.

However, the insurance company said the quote had to go to underwriting to give me a binding quote. When I requested them to underwrite the policy, they told me they needed to have a VIN. I went to the local delivery center and got the VIN from the same trim test-drive Cybertruck as the Cybertruck that I want to buy (dual motor). The insurance company told me they needed to have the actual VIN of the vehicle I'm buying, and they needed to see the purchase agreement before they would underwrite the policy, which is a ridiculous requirement.

I spoke with the owner of the insurance agency that works with this insurance company, and he also thought it was ridiculous the insurance company wouldn't underwrite the policy to give give me a binding quote without me having purchased the Cybertruck first. So, he used the VIN I got from the test-drive Cybertruck and then called me to tell me that the quote I was given was binding, but the insurance company would still need to have the purchase agreement to finalize the quote. The owner of the local insurance agency also told me this insurance company doesn't want to insure the Cybertrucks at all, and that they have cooled off on all EVs because it costs them significantly more to insure an EV than to insure an ICEV due to EVs being so expensive to repair after accidents. Therefore, the insurance company haa to total EVs, when they would not total an ICEV in the same sort of accident. The insurance company is out of California, so they used to be very eager to insure EVs, but now they would rather not insure EVs, and especially the Cybertruck because they think that the Cybertruck will be very expensive to repair, but they don't know for sure yet, so they can't deny insuring it yet.

Basically, the guy told me that I should expect my insurance premiums to continue to rise on the Model Y, and that the Cybertruck quote will most likely go up at the next renewal, but he also said that the insurance company can't raise the premium too quickly because there are state laws that put a cap on how much a premium can go up by at each renewal period.

I also got a quote for the same Cybertruck (dual motor) being insured as a commercial vehicle (if I bought it for my S-Corp), and the quote was over about $4,200 per year with Progressive, so a little over $2,100 for six months.

What are you guys paying for your Cybertruck insurance, and what metro area are you in?

Thank you.

 

[REM]

I live in metro Atlatna, and I've been given a quote of about $870 for six months to insure Cybertruck (in addition to my Model Y, which is about $740 for six months). I have homeowners and umbrella policies with the same insurance company, so I'm getting a discount for having a triple-play insurance with them and also having two cars on the auto policy.

However, the insurance company said the quote had to go to underwriting to give me a binding quote. When I requested them to underwrite the policy, they told me they needed to have a VIN. I went to the local delivery center and got the VIN from the same trim test-drive Cybertruck as the Cybertruck that I want to buy (dual motor). The insurance company told me they needed to have the actual VIN of the vehicle I'm buying, and they needed to see the purchase agreement before they would underwrite the policy, which is a ridiculous requirement.

I spoke with the owner of the insurance agency that works with this insurance company, and he also thought it was ridiculous the insurance company wouldn't underwrite the policy to give give me a binding quote without me having purchased the Cybertruck first. So, he used the VIN I got from the test-drive Cybertruck and then called me to tell me that the quote I was given was binding, but the insurance company would still need to have the purchase agreement to finalize the quote. The owner of the local insurance agency also told me this insurance company doesn't want to insure the Cybertrucks at all, and that they have cooled off on all EVs because it costs them significantly more to insure an EV than to insure an ICEV due to EVs being so expensive to repair after accidents. Therefore, the insurance company haa to total EVs, when they would not total an ICEV in the same sort of accident. The insurance company is out of California, so they used to be very eager to insure EVs, but now they would rather not insure EVs, and especially the Cybertruck because they think that the Cybertruck will be very expensive to repair, but they don't know for sure yet, so they can't deny insuring it yet.

Basically, the guy told me that I should expect my insurance premiums to continue to rise on the Model Y, and that the Cybertruck quote will most likely go up at the next renewal, but he also said that the insurance company can't raise the premium too quickly because there are state laws that put a cap on how much a premium can go up by at each renewal period.

I also got a quote for the same Cybertruck (dual motor) being insured as a commercial vehicle (if I bought it for my S-Corp), and the quote was over about $4,200 per year with Progressive, so a little over $2,100 for six months.

What are you guys paying for your Cybertruck insurance, and what metro area are you in?

Thank you.

$115 with USAA, in rural NC.

Insurance premiums will continue to rise as we get closer to mass scale autonomous taxis (less than 10 years). When Tesla hits wide release with the Cybercab and Robovan, individual ownership of vehicles will nosedive.

 

[baska]

I'm also with USAA, and my premium for the Cybertruck is around $120 in Texas. I agree, autonomous vehicles like the Cybercab and Robovan will change the insurance market. Individual car ownership will decline. By the way, I've looked through the churchill car insurance deals and noticed solid coverage options there. Maybe I'll switch to them. Did anyone try this company?

 

[CyberNickOH]

Columbus Ohio, $75/month.

 

[Kryptek]

40m, alaska progressive just paid renewal april - november $785.00

 

[mongo]

State Farm, MI, 12k miles/yr, multipolicy, Beast, $875 for 6 months, $146 month

 

[Nutron]

Do I feel dumb posing this for my FD Beast

 

[Carlos Thomas]

I recently moved from Oakland, CA to San Antonio, TX and my annual premium for the Tesla CyberTruck is $1,192.10 which equates to $99.34 per month. I am 51 years old and a clean driving record. My policy is through Safeco Insurance (which is a Liberty Mutual Company) and is bundled with my homeowners policy. Also I have identified as a low mileage vehicle. If you drive less than 8,000 miles per year, I believe you get a 20% savings. I have full coverage $100,000/$300,000 and a $2,000 deductible.

I don't have to commute for work and I have a second car + two motorcycles, so my mileage is spread across all four vehicles.

 

[PaulWantsACyberTruck]

According to Chat GPT and other sources it appears that full Insurance coverage for a Cybertruck seem to fall into the range of between $3200.00 and $4000.00 per year.

Of course what you pay depends on a number of factors such as deductible and liability elections and other factors such as age, driving history and so forth.

I'm curious by state and age range what you guys are seeing in the wild as it were, as well as which insurance companies you found to be the most affordable/reasonable.

I've read a few articles where some owners didnt anticipate having to pay an equivalent amount or more in insurance payments with what they pay for their CT.

Would really appreciate hearing what you guys are seeing.

 

[eswimm]

$5 more per month than my 2024 Model Y. Less than $1,200/yr in NC, try Farm Bureau.

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