Tesla Model S Insurance Rates
Enter your zip code below to view companies that have cheap auto insurance rates.
UPDATED: Jun 6, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
The average auto insurance rates for a Tesla Model S are $1,918 annually including full coverage. Comprehensive costs approximately $452, collision insurance costs $946, and liability insurance costs around $384. Buying just liability costs as low as $432 a year, and insurance for high-risk drivers costs around $4,194. 16-year-old drivers cost the most to insure at up to $6,828 a year.
Average premium for full coverage: $1,918
Policy rates by type of insurance:
These estimates include $500 policy deductibles, 30/60 bodily injury liability limits, and includes additional medical/uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for all Model S models.
Price Range Variability
Using a 40-year-old driver as an example, Tesla Model S insurance rates range from as cheap as $432 for just the minimum liability insurance to the much higher price of $4,194 for a driver who requires high-risk insurance.
Urban vs. Rural Price Range
Where you live has a significant impact on car insurance prices. Rural locations are shown to have fewer comprehensive and collision claims than congested cities. The example below illustrates how rural and urban location affects auto insurance prices.
The examples above highlight why everyone should compare prices using their specific location and their own personal driving habits, rather than relying on rate averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Additional Rate Analysis
The chart below breaks down average Tesla Model S insurance rates for additional coverage and risk scenarios.
- The best full coverage rate is $1,047
- Using higher $1,000 deductibles will save $318 every year
- The estimated rate for a good driver age 40 who chooses $500 deductibles is $1,918
- Buying pricier low deductibles for physical damage coverage will cost $2,540
- Drivers with multiple tickets or accidents could pay around $4,194
- Policy cost with full coverage for a teen driver for full coverage can cost $6,828 or more
Insurance rates for a Tesla Model S also range considerably based on the model year and trim level, your driving characteristics, and physical damage deductibles and liability limits.
A more mature driver with a clean driving record and high physical damage deductibles could pay as little as $1,800 a year, or $150 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they can expect to pay in the ballpark of $6,800 a year. View Rates by Age
If you have a few points on your driving record or you caused a few accidents, you are likely paying anywhere from $2,300 to $3,100 extra every year, depending on your age. Tesla Model S insurance for high-risk drivers can be anywhere from 45% to 134% more than the average rate. View High Risk Driver Rates
Opting for high physical damage deductibles could cut rates by as much as $940 each year, whereas buying more liability protection will push rates upward. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $345 more per year. View Rates by Deductible or Liability Limit
Your home state has a huge impact on Tesla Model S insurance rates. A driver around age 40 might see rates as low as $1,470 a year in states like Vermont, New Hampshire, and Missouri, or at least $2,730 on average in Louisiana, New York, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,732 | -$186 | -9.7% |
| Alaska | $1,470 | -$448 | -23.4% |
| Arizona | $1,590 | -$328 | -17.1% |
| Arkansas | $1,918 | -$0 | 0.0% |
| California | $2,186 | $268 | 14.0% |
| Colorado | $1,828 | -$90 | -4.7% |
| Connecticut | $1,968 | $50 | 2.6% |
| Delaware | $2,168 | $250 | 13.0% |
| Florida | $2,396 | $478 | 24.9% |
| Georgia | $1,770 | -$148 | -7.7% |
| Hawaii | $1,378 | -$540 | -28.2% |
| Idaho | $1,300 | -$618 | -32.2% |
| Illinois | $1,428 | -$490 | -25.5% |
| Indiana | $1,446 | -$472 | -24.6% |
| Iowa | $1,294 | -$624 | -32.5% |
| Kansas | $1,820 | -$98 | -5.1% |
| Kentucky | $2,616 | $698 | 36.4% |
| Louisiana | $2,838 | $920 | 48.0% |
| Maine | $1,182 | -$736 | -38.4% |
| Maryland | $1,582 | -$336 | -17.5% |
| Massachusetts | $1,528 | -$390 | -20.3% |
| Michigan | $3,328 | $1,410 | 73.5% |
| Minnesota | $1,606 | -$312 | -16.3% |
| Mississippi | $2,296 | $378 | 19.7% |
| Missouri | $1,700 | -$218 | -11.4% |
| Montana | $2,058 | $140 | 7.3% |
| Nebraska | $1,510 | -$408 | -21.3% |
| Nevada | $2,298 | $380 | 19.8% |
| New Hampshire | $1,382 | -$536 | -27.9% |
| New Jersey | $2,142 | $224 | 11.7% |
| New Mexico | $1,696 | -$222 | -11.6% |
| New York | $2,016 | $98 | 5.1% |
| North Carolina | $1,104 | -$814 | -42.4% |
| North Dakota | $1,572 | -$346 | -18.0% |
| Ohio | $1,322 | -$596 | -31.1% |
| Oklahoma | $1,966 | $48 | 2.5% |
| Oregon | $1,758 | -$160 | -8.3% |
| Pennsylvania | $1,826 | -$92 | -4.8% |
| Rhode Island | $2,556 | $638 | 33.3% |
| South Carolina | $1,738 | -$180 | -9.4% |
| South Dakota | $1,618 | -$300 | -15.6% |
| Tennessee | $1,676 | -$242 | -12.6% |
| Texas | $2,310 | $392 | 20.4% |
| Utah | $1,418 | -$500 | -26.1% |
| Vermont | $1,310 | -$608 | -31.7% |
| Virginia | $1,148 | -$770 | -40.1% |
| Washington | $1,478 | -$440 | -22.9% |
| West Virginia | $1,758 | -$160 | -8.3% |
| Wisconsin | $1,326 | -$592 | -30.9% |
| Wyoming | $1,708 | -$210 | -10.9% |
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 Tesla Model S | $582 | $1,186 | $316 | $2,220 |
| 2023 Tesla Model S | $554 | $1,140 | $332 | $2,162 |
| 2022 Tesla Model S | $532 | $1,130 | $338 | $2,136 |
| 2021 Tesla Model S | $514 | $1,104 | $354 | $2,108 |
| 2020 Tesla Model S | $496 | $1,058 | $364 | $2,054 |
| 2019 Tesla Model S | $470 | $1,020 | $376 | $2,002 |
| 2018 Tesla Model S | $452 | $946 | $384 | $1,918 |
| 2017 Tesla Model S | $432 | $892 | $388 | $1,848 |
| 2016 Tesla Model S | $414 | $800 | $390 | $1,740 |
| 2014 Tesla Model S | $374 | $690 | $394 | $1,594 |
| 2013 Tesla Model S | $366 | $644 | $402 | $1,548 |
| 2012 Tesla Model S | $338 | $598 | $402 | $1,474 |
Rates are averaged for all Tesla Model S models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Buy Cheap Tesla Model S Insurance
Finding cheaper rates on Tesla Model S insurance requires being safe and accident-free, having a good credit history, paying for small claims out-of-pocket, and possibly raising deductibles. Set aside time to shop around at every other renewal by requesting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.
Below you'll find a brief summary of the concepts that were raised in the charts and tables above.
- High-risk drivers that tend to have accidents or serious violations may have to pay on average $2,280 more per year than a low-risk driver
- Youthful drivers are expensive to insure, with premiums being up to $569 each month including comprehensive and collision insurance
- You may be able to save around $250 per year just by quoting online well ahead of the renewal date
- Increasing comprehensive and collision deductibles could save up to $950 each year
- You may be able to save around $250 per year just by quoting online well ahead of the renewal date
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $6,828 |
| 20 | $4,466 |
| 30 | $2,030 |
| 40 | $1,918 |
| 50 | $1,746 |
| 60 | $1,716 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,540 |
| $250 | $2,248 |
| $500 | $1,918 |
| $1,000 | $1,600 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,918 |
| 50/100 | $1,995 |
| 100/300 | $2,091 |
| 250/500 | $2,340 |
| 100 CSL | $2,033 |
| 300 CSL | $2,244 |
| 500 CSL | $2,398 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $9,860 |
| 20 | $7,126 |
| 30 | $4,318 |
| 40 | $4,194 |
| 50 | $3,996 |
| 60 | $3,964 |
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $107 |
| Multi-vehicle | $101 |
| Homeowner | $26 |
| 5-yr Accident Free | $160 |
| 5-yr Claim Free | $129 |
| Paid in Full/EFT | $101 |
| Advance Quote | $104 |
| Online Quote | $143 |
| Total Discounts | $871 |
Discounts are estimated and may not be available from every company or in every state.
Compare Rates and Save
Find companies with the cheapest rates in your area
Secured with SHA-256 Encryption
