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Insurance for Tesla Vehicles

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Apr 9, 2020

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The next table shows average insurance prices for Tesla vehicles. Other models are displayed at the end of this page

Insurance Rates for Tesla Vehicles
Vehicle Model Annual Premium Monthly Premium
Tesla Model 3 $1,802 $150
Tesla Model S $2,220 $185
Tesla Model X $2,194 $183
Tesla Roadster $2,406 $201
Get Rates for Your Model Go

Rates assume current model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

View Chart as Image

Average insurance cost for Tesla vehicles
Column chart showing average insurance prices for Tesla vehicles range from $1,199 to $7,714 for full coverage

The prior chart uses the average vehicle rating data for all Tesla vehicles in the above table to showcase how variations in coverage can have a huge impact on car insurance rates.

Insurance prices for a Tesla range considerably based on liability limits and deductibles, your driving characteristics, and the trim level and model year.

Choosing high deductibles could cut rates by as much as $1,120 every year, whereas buying more liability protection will increase rates. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $335 more each year

View Chart as Image

Tesla insurance by deductible and liability limit

A more mature driver with no violations or accidents and higher deductibles may pay as little as $2,000 a year, or $167 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers should be prepared to pay as much as $7,700 a year.

If you have a few points on your driving record or you were responsible for an accident, you are likely paying at least $2,600 to $3,500 additional every year, depending on your age. Tesla insurance for high-risk drivers can be as much as 45% to 133% more than average.

View Chart as Image

Tesla insurance by risk and age

Your home state has a huge impact on Tesla insurance prices. A driver around age 40 might see rates as low as $1,680 a year in states like Missouri, New Hampshire, and Vermont, or as much as $3,150 on average in Michigan, Montana, and Louisiana.

Tesla Vehicle Average Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,984 -$210 -9.6%
Alaska $1,684 -$510 -23.2%
Arizona $1,820 -$374 -17.0%
Arkansas $2,194 -$0 0.0%
California $2,500 $306 13.9%
Colorado $2,098 -$96 -4.4%
Connecticut $2,256 $62 2.8%
Delaware $2,486 $292 13.3%
Florida $2,746 $552 25.2%
Georgia $2,028 -$166 -7.6%
Hawaii $1,576 -$618 -28.2%
Idaho $1,486 -$708 -32.3%
Illinois $1,636 -$558 -25.4%
Indiana $1,654 -$540 -24.6%
Iowa $1,482 -$712 -32.5%
Kansas $2,088 -$106 -4.8%
Kentucky $2,994 $800 36.5%
Louisiana $3,250 $1,056 48.1%
Maine $1,356 -$838 -38.2%
Maryland $1,812 -$382 -17.4%
Massachusetts $1,756 -$438 -20.0%
Michigan $3,814 $1,620 73.8%
Minnesota $1,836 -$358 -16.3%
Mississippi $2,630 $436 19.9%
Missouri $1,948 -$246 -11.2%
Montana $2,360 $166 7.6%
Nebraska $1,732 -$462 -21.1%
Nevada $2,632 $438 20.0%
New Hampshire $1,582 -$612 -27.9%
New Jersey $2,454 $260 11.9%
New Mexico $1,944 -$250 -11.4%
New York $2,312 $118 5.4%
North Carolina $1,264 -$930 -42.4%
North Dakota $1,796 -$398 -18.1%
Ohio $1,516 -$678 -30.9%
Oklahoma $2,254 $60 2.7%
Oregon $2,012 -$182 -8.3%
Pennsylvania $2,096 -$98 -4.5%
Rhode Island $2,928 $734 33.5%
South Carolina $1,990 -$204 -9.3%
South Dakota $1,852 -$342 -15.6%
Tennessee $1,924 -$270 -12.3%
Texas $2,646 $452 20.6%
Utah $1,626 -$568 -25.9%
Vermont $1,502 -$692 -31.5%
Virginia $1,316 -$878 -40.0%
Washington $1,698 -$496 -22.6%
West Virginia $2,012 -$182 -8.3%
Wisconsin $1,520 -$674 -30.7%
Wyoming $1,956 -$238 -10.8%

Because rates have so much variability, the best way to figure out your exact price is to regularly compare rates and see which company has the best price. Each insurance company uses a different rate calculation, and rates will be varied.


U.S. averages for full coverage Tesla vehicle insurance

Average Policy Cost $2,194
Comprehensive Premium $540
Collision Premium $1124
Liability Premium $372

National average data is compiled from all 50 U.S. states for the Tesla models in the rate table on this page. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record.

Rates by Driver Age

Tesla Vehicle Insurance Rates by Driver Age
Driver Age Premium
16 $7,714
20 $5,110
30 $2,332
40 $2,194
50 $1,998
60 $1,962

Full coverage, $500 deductibles

Rates by Deductible

Tesla Vehicle Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,934
$250 $2,590
$500 $2,194
$1,000 $1,816

Full coverage, driver age 40

Rates for High Risk Drivers

Tesla Vehicle Insurance Rates for High Risk Drivers
Age Premium
16 $11,144
20 $8,136
30 $4,938
40 $4,788
50 $4,562
60 $4,524

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 $319

Potential Rate Discounts

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

Discount Savings
Multi-policy $122
Multi-vehicle $114
Homeowner $28
5-yr Accident Free $185
5-yr Claim Free $147
Paid in Full/EFT $117
Advance Quote $119
Online Quote $163
Total Discounts $995
Rate after discounts $1,199

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

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