Tesla Roadster Insurance Rates

U.S. average insurance prices for a Tesla Roadster are $1,414 every 12 months with full coverage. Comprehensive insurance costs approximately $296 a year, collision insurance costs $486, and liability costs around $474. A policy with just liability insurance costs as low as $522 a year, and coverage for high-risk drivers costs $3,054 or more. Teenage drivers pay the highest rates at up to $5,332 a year.

Average premium for full coverage: $1,414

Price estimates by individual coverage:

These estimates include $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all U.S. states and Roadster trim levels.

Price Range from Low to High

Geographic Price Range

Where you live can have significant affects on the price of insurance. Rural locations have more infrequent collision claims than densely populated cities. The diagram below illustrates how geographic area affects auto insurance prices.

The ranges above demonstrate why it is important to compare prices using their specific location and their own driving history, instead of using average rates.

Use the form below to get customized rates for your location.

Additional Charts and Tables

The chart below details average Tesla Roadster insurance rates for additional coverage and risk scenarios.

• The best discount rate is $818
• Using higher $1,000 deductibles will save $1,236 annually
• The average price for the average middle-age driver who chooses $500 deductibles is $1,414
• Using low $100 deductibles for physical damage coverage costs an extra $342 every year
• Drivers who are prone to accidents and violations could pay around $3,054
• The price to insure a teen driver can cost $5,332 or more

View Chart as Image

Insurance prices for a Tesla Roadster are also quite variable based on deductibles and policy limits, your driving record, and the model of your Roadster.

Using high physical damage deductibles could cut prices by as much as $520 every year, while buying higher liability limits will push prices upward. Moving from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $426 more per year. View Rates by Deductible or Liability Limit

Older drivers with a clean driving record and higher deductibles may pay as little as $1,300 a year for full coverage. Prices are much higher for teenage drivers, since even excellent drivers can expect to pay in the ballpark of $5,300 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you may be forking out anywhere from $1,700 to $2,300 extra each year, depending on your age. A high-risk auto insurance policy can be as much as 43% to 134% more than a normal policy. View High Risk Driver Rates

The state you live in has a huge impact on Tesla Roadster insurance prices. A driver around age 40 might see prices as low as $1,020 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,910 on average in New York, Michigan, and Florida.

View Chart as Image

How to Shop for Cheap Tesla Roadster Insurance

Getting lower rates on car insurance requires having a decent driving record, having good credit, avoid buying unnecessary coverage, and possibly raising deductibles. Invest the time to compare rates at least once a year by requesting rates from direct companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

The following items are a brief summary of the primary concepts that were presented in the illustrations above.

• You may be able to save around $170 per year just by quoting early and online
• Higher risk drivers that tend to have accidents or serious violations could be forced to pay on average $1,640 more per year than a driver with a clean driving record
• Increasing physical damage deductibles could save as much as $525 each year
• 16 to 18-year-old drivers are expensive to insure, costing up to $444 a month if they have full coverage