Tesla Roadster Insurance Rates
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UPDATED: Jun 4, 2023
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Average insurance rates for a Tesla Roadster are $1,414 a year with full coverage. Comprehensive insurance costs an estimated $296 each year, collision costs $486, and liability is $474. A liability-only policy costs around $522 a year, with high-risk insurance costing $3,054 or more. Teens receive the highest rates at $5,332 a year or more.
Average premium for full coverage: $1,414
Rate estimates broken down by individual coverage type:
Prices are based on $500 comprehensive and collision deductibles, minimum liability limits, and includes additional medical/uninsured motorist coverage. Rates are averaged for all U.S. states and Roadster models.
Price Range by Coverage and Risk
Using a 40-year-old driver as an example, prices range go from as low as $522 for just the minimum liability insurance to a high rate of $3,054 for high-risk insurance.
Price Range by Location
Choosing to live in a large city can have significant affects on car insurance rates. More rural locations tend to have a lower frequency of collision claims than cities with more traffic congestion.
The graphic below illustrates how rural and urban location affects insurance prices.
These examples demonstrate why all drivers should compare rates quotes for a targeted area and risk profile, instead of using averaged prices.
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 details estimated Tesla Roadster insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $818
- Raising to $1,000 deductibles will save approximately $178 annually
- The average rate for a 40-year-old driver who has $500 deductibles is $1,414
- Selecting low deductibles will cost an extra $342 every year
- At-risk drivers with serious driving violations could pay up to $3,054 or more
- The cost for full coverage for a teen driver can cost as much as $5,332
Insurance rates for a Tesla Roadster can also vary considerably based on your driver profile, the trim level and model year, and liability limits and deductibles.
More mature drivers with a clean driving record and high deductibles may pay as little as $1,300 every 12 months on average for full coverage. Rates are much higher for teen drivers, where even good drivers can expect to pay at least $5,300 a year. View Rates by Age
Where you live also has a big influence on Tesla Roadster insurance prices. A middle-age driver might find rates as low as $1,020 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $1,910 on average in New York, Michigan, and Florida.
|State||Premium||Compared to U.S. Avg||Percent Difference|
Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $520 every year, whereas increasing liability limits will increase premiums. Moving from a 50/100 limit to a 250/500 limit will cost as much as $426 more per year. View Rates by Deductible or Liability Limit
If you like to drive fast or tend to cause accidents, you may be forking out $1,700 to $2,300 extra per year, depending on your age. Insurance for high-risk drivers is expensive and can cost as much as 43% to 134% more than the average policy. View High Risk Driver Rates
With so much variability in rates, the best way to find out which company is cheapest is to do a rate comparison and see which company has the best rate. Every auto insurance company calculates rates differently, so the rates can be significantly different from one company to the next.
|Model Year||Comprehensive||Collision||Liability||Total Premium|
|2008 Tesla Roadster||$296||$486||$474||$1,414|
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 Find Affordable Tesla Roadster Insurance
Saving money on car insurance consists of having a decent driving record, maintaining good credit, eliminating unnecessary coverage, and taking advantage of discounts. Set aside time to shop around every couple of years by requesting rates from direct companies like GEICO and Progressive, and also from local exclusive and independent agents.
The following items are a brief review of the material that was raised in the charts and tables above.
- Policyholders who want additional liability coverage will pay approximately $520 every year to raise from a minimum limit to 250/500 limits
- 16 to 18-year-old drivers are charged the highest rates, with premiums as much as $444 per month for full coverage
- Higher risk drivers with DUI or reckless driving convictions may pay on average $1,640 more annually than a driver with a clean driving record
- Increasing deductibles can save around $525 each year
Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
|5-yr Accident Free||$101|
|5-yr Claim Free||$92|
|Paid in Full/EFT||$62|
Discounts are estimated and may not be available from every company or in every state.
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