Anyone up for auto insurance rate comparisons?

[niceInBoston]

I tried to get a quote to insure the gravity, from MapFre (Massachusetts), our current insurer.

Their response was that they don’t insure Lucids. I didn’t realize that was a choice that insurance companies had (they could just suggest a shockingly high rate, instead of declining to insure).

“Unfortunately, Lucid Motors is on our Ineligible Vehicle from Underwriting”

 

[emoylv]

I got the same response from The Hartford when I purchased the Touring. Seems Progressive is one of the few here in Las Vegas but they just jumped my rates by over 30%.

 

[tonybot]

Has this always been the case with Lucid, or have these carriers started dropping Lucid recently? This is concerning!

 

[borski]

Has this always been the case with Lucid, or have these carriers started dropping Lucid recently? This is concerning!

For some carriers it’s always been the case. Some carriers have MSRP limits, period. There’s a reason classic car insurers like Hagerty exist too, and HNW insurers.

So no, it’s not new.

 

[rking0122]

Have been thinking of getting away from State Farm for 2 years becuse of issues around a small not-at-fault claim for which they paid just a fraction. Was all set to go with Cincinnati and at the last minute they decided no more Lucids at this time. Travelers also doesnt like Lucids. Now working with Chubb at about 1.6x State Farm rate and that is likely where I will end up. It’s messy for sure.

I have Travelers on my Lucid (also in Scottsdale). I wonder if at renewal they'll not want me anymore. I am my own agent and haven't heard that Travelers avoids Lucids (yet), but certainly it is possible they're going that route.

 

[David R.]

I have Travelers on my Lucid (also in Scottsdale). I wonder if at renewal they'll not want me anymore. I am my own agent and haven't heard that Travelers avoids Lucids (yet), but certainly it is possible they're going that route.

When I got my Lucid in January 2024 Travelers would not insure it so I went with Hagerty short term. After shopping around, I switched all of my insurance policies (home, umbrella, auto) to State Farm.

 

[rking0122]

When I got my Lucid in January 2024 Travelers would not insure it so I went with Hagerty short term. After shopping around, I switched all of my insurance policies (home, umbrella, auto) to State Farm.

That's so weird. I switched to Travelers (from Acuity) in November 2024 and it was no problem.

 

[Coho]

I have Travelers on my Lucid (also in Scottsdale). I wonder if at renewal they'll not want me anymore. I am my own agent and haven't heard that Travelers avoids Lucids (yet), but certainly it is possible they're going that route.

I sense that for some companies, they may open and close enrollment. I had Cincinnati locked in and at the last minute they said ‘not at this time’. Travelers may open and close enrollment - dont know. I had a broker working on it and she found Progressive and Chubb as both definite. Eventually went with Chubb even though their cost is much higher than SF - a company I rode with for 45 yrs. They became so difficult to deal with - a roadside service claim ($130) took 2 months with several false starts. Given we live in a fire prone area, decided I would pay to have reliable coverage. I like their ‘agreed value’ approach. Ridiculously expensive for total coverage of home and auto but the Lucid was actually less than SF.

 

[borski]

I sense that for some companies, they may open and close enrollment. I had Cincinnati locked in and at the last minute they said ‘not at this time’. Travelers may open and close enrollment - dont know. I had a broker working on it and she found Progressive and Chubb as both definite. Eventually went with Chubb even though their cost is much higher than SF - a company I rode with for 45 yrs. They became so difficult to deal with - a roadside service claim ($130) took 2 months with several false starts. Given we live in a fire prone area, decided I would pay to have reliable coverage. I like their ‘agreed value’ approach. Ridiculously expensive for total coverage of home and auto but the Lucid was actually less than SF.

Yup, that's a HNW insurer for you. Cincinnatti, Chubb, PURE, Nationwide Private Client, AIG are the big HNW insurers.

You get what you pay for, and in this case, what you pay for is zero hassle in a claim, never second guessing any labor estimates, and generally much higher/better coverage (agreed value, GAP, HO5 homeowners insurance vs the classic HO3, etc.).

Whether it's worth it is best left as an exercise to the reader, as everyone is different.