Tesla Roadster Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Mar 29, 2024

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The average insurance prices for a Tesla Roadster are $1,482 every 12 months with full coverage. Comprehensive insurance costs an estimated $314 a year, collision insurance costs $536, and liability costs around $474. A liability-only policy costs as low as $522 a year, and high-risk insurance costs $3,206 or more. 16-year-old drivers cost the most to insure at up to $5,554 a year.

Average premium for full coverage: $1,482

Policy rates broken down by type of insurance:

Comprehensive $314
Collision $536
Liability $474

Prices are based on $500 deductibles, 30/60 split liability limits, and includes medical and UM/UIM coverage. Prices are averaged for all U.S. states and Roadster trim levels.

Price Range Variability

For a 40-year-old driver, Tesla Roadster insurance rates range from the cheapest price of $522 for just liability insurance to a high of $3,206 for a high-risk insurance policy.

Liability Only $522
Full Coverage $1,482
High Risk $3,206

Urban vs. Rural Price Range

Where you live can make a big difference on car insurance rates. More rural locations are shown to have more infrequent collision claims than congested cities. The diagram below illustrates how your location can change insurance prices.

Rural Areas $1,112
Small Cities $1,556
Large Cities $2,001

The examples above demonstrate why it is important to compare prices for a targeted area and their own driving history, instead of making a decision based 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.

More Rate Details

The chart below details average Tesla Roadster insurance rates for other coverage scenarios.

  • The best full coverage rate is $850
  • Using higher $1,000 deductibles will save approximately $1,288 annually
  • The average price for a good driver age 40 who has $500 deductibles is $1,482
  • Buying low $100 deductibles for physical damage coverage costs an extra $372 annually
  • High-risk insureds with multiple tickets or accidents could pay up to $3,206
  • Policy cost to insure a 16-year-old driver can cost as much as $5,554 or more

View Chart as Image

Tesla Roadster insurance cost comparison chart
Column chart showing Tesla Roadster insurance prices range from $850 to $5,554 for full coverage

Car insurance rates for a Tesla Roadster also range considerably based on liability limits and deductibles, your driving record, and the model year and trim level.

Opting for high physical damage deductibles could cut rates by as much as $570 annually, while buying higher liability limits will increase premiums. Moving from a 50/100 liability limit to a 250/500 limit will raise rates by up to $426 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles may pay as low as $1,400 a year, or $117 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers will be charged at least $5,500 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you may be forking out $1,800 to $2,400 extra every year, depending on your age. A high-risk auto insurance policy can be from 43% to 136% more than the average rate. View High Risk Driver Rates

Your home state has a huge impact on Tesla Roadster insurance prices. A driver around age 40 might see rates as low as $1,070 a year in states like Utah, Ohio, and New Hampshire, or at least $2,000 on average in New York, Michigan, and Florida.

Tesla Roadster Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,340 -$142 -9.6%
Alaska $1,134 -$348 -23.5%
Arizona $1,228 -$254 -17.1%
Arkansas $1,482 -$0 0.0%
California $1,688 $206 13.9%
Colorado $1,416 -$66 -4.5%
Connecticut $1,522 $40 2.7%
Delaware $1,678 $196 13.2%
Florida $1,854 $372 25.1%
Georgia $1,366 -$116 -7.8%
Hawaii $1,064 -$418 -28.2%
Idaho $1,000 -$482 -32.5%
Illinois $1,104 -$378 -25.5%
Indiana $1,114 -$368 -24.8%
Iowa $1,000 -$482 -32.5%
Kansas $1,408 -$74 -5.0%
Kentucky $2,020 $538 36.3%
Louisiana $2,190 $708 47.8%
Maine $914 -$568 -38.3%
Maryland $1,222 -$260 -17.5%
Massachusetts $1,184 -$298 -20.1%
Michigan $2,574 $1,092 73.7%
Minnesota $1,238 -$244 -16.5%
Mississippi $1,774 $292 19.7%
Missouri $1,314 -$168 -11.3%
Montana $1,592 $110 7.4%
Nebraska $1,168 -$314 -21.2%
Nevada $1,776 $294 19.8%
New Hampshire $1,066 -$416 -28.1%
New Jersey $1,654 $172 11.6%
New Mexico $1,312 -$170 -11.5%
New York $1,560 $78 5.3%
North Carolina $852 -$630 -42.5%
North Dakota $1,212 -$270 -18.2%
Ohio $1,022 -$460 -31.0%
Oklahoma $1,522 $40 2.7%
Oregon $1,356 -$126 -8.5%
Pennsylvania $1,414 -$68 -4.6%
Rhode Island $1,974 $492 33.2%
South Carolina $1,342 -$140 -9.4%
South Dakota $1,250 -$232 -15.7%
Tennessee $1,296 -$186 -12.6%
Texas $1,786 $304 20.5%
Utah $1,096 -$386 -26.0%
Vermont $1,014 -$468 -31.6%
Virginia $888 -$594 -40.1%
Washington $1,146 -$336 -22.7%
West Virginia $1,358 -$124 -8.4%
Wisconsin $1,026 -$456 -30.8%
Wyoming $1,320 -$162 -10.9%

View Chart as Image

Tesla Roadster insurance rates by U.S. city
Tesla Roadster Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2011 Tesla Roadster $314 $536 $474 $1,482
2010 Tesla Roadster $296 $486 $474 $1,414
2008 Tesla Roadster $282 $426 $460 $1,326

Rates are averaged for all Tesla Roadster models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Shop for Affordable Tesla Roadster Insurance

Finding cheaper rates on insurance for a Tesla Roadster requires not taking risks behind the wheel, maintaining a good credit score, not filing small claims, and possibly higher deductibles. Invest the time to shop around at least every other year by obtaining price quotes from direct companies, and also from your local independent and exclusive agents.

The following is a brief review of the car insurance concepts illustrated above.

  • Drivers considered higher risk with DUI or reckless driving convictions may pay on average $1,720 more annually for Roadster insurance
  • You may be able to save approximately $180 per year just by quoting early and online
  • Increasing comprehensive and collision deductibles could save as much as $575 each year
  • Insureds who want higher liability limits will pay around $520 every year to increase from a 30/60 limit to a 250/500 level

Rates by Driver Age

Tesla Roadster Insurance Rates by Driver Age
Driver Age Premium
16 $5,554
20 $3,404
30 $1,540
40 $1,482
50 $1,352
60 $1,326

Full coverage, $500 deductibles

Rates by Deductible

Tesla Roadster Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,854
$250 $1,682
$500 $1,482
$1,000 $1,288

Full coverage, driver age 40

Rates by Liability Limit

Tesla Roadster Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,482
50/100 $1,577
100/300 $1,695
250/500 $2,003
100 CSL $1,624
300 CSL $1,885
500 CSL $2,075

Full coverage, driver age 40

Rates for High Risk Drivers

Tesla Roadster Insurance Rates for High Risk Drivers
Age Premium
16 $7,924
20 $5,432
30 $3,274
40 $3,206
50 $3,062
60 $3,032

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.

SR-22 Surcharge $207

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $79
Multi-vehicle $79
Homeowner $23
5-yr Accident Free $108
5-yr Claim Free $97
Paid in Full/EFT $67
Advance Quote $73
Online Quote $106
Total Discounts $632
Rate after discounts $850

Discounts are estimated and may not be available from every company or in every state.

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