Insurance for Tesla Vehicles

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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...

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UPDATED: Jun 6, 2023

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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 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 $1,303 to $8,406 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 $1,260 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 $2,200 a year, or $183 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers should be prepared to pay as much as $8,400 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 $2,900 to $3,800 additional every year, depending on your age. Tesla insurance for high-risk drivers can be as much as 45% to 135% 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 $1,840 a year in states like Missouri, New Hampshire, and Vermont, or as much as $3,450 on average in Michigan, Montana, and Louisiana.

Tesla Vehicle Average Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $2,174 -$232 -9.6%
Alaska $1,844 -$562 -23.4%
Arizona $1,996 -$410 -17.0%
Arkansas $2,406 -$0 0.0%
California $2,740 $334 13.9%
Colorado $2,298 -$108 -4.5%
Connecticut $2,472 $66 2.7%
Delaware $2,724 $318 13.2%
Florida $3,008 $602 25.0%
Georgia $2,222 -$184 -7.6%
Hawaii $1,728 -$678 -28.2%
Idaho $1,628 -$778 -32.3%
Illinois $1,794 -$612 -25.4%
Indiana $1,810 -$596 -24.8%
Iowa $1,624 -$782 -32.5%
Kansas $2,286 -$120 -5.0%
Kentucky $3,282 $876 36.4%
Louisiana $3,562 $1,156 48.0%
Maine $1,486 -$920 -38.2%
Maryland $1,986 -$420 -17.5%
Massachusetts $1,924 -$482 -20.0%
Michigan $4,178 $1,772 73.6%
Minnesota $2,014 -$392 -16.3%
Mississippi $2,882 $476 19.8%
Missouri $2,134 -$272 -11.3%
Montana $2,586 $180 7.5%
Nebraska $1,898 -$508 -21.1%
Nevada $2,884 $478 19.9%
New Hampshire $1,734 -$672 -27.9%
New Jersey $2,690 $284 11.8%
New Mexico $2,132 -$274 -11.4%
New York $2,532 $126 5.2%
North Carolina $1,384 -$1,022 -42.5%
North Dakota $1,970 -$436 -18.1%
Ohio $1,658 -$748 -31.1%
Oklahoma $2,470 $64 2.7%
Oregon $2,204 -$202 -8.4%
Pennsylvania $2,296 -$110 -4.6%
Rhode Island $3,208 $802 33.3%
South Carolina $2,180 -$226 -9.4%
South Dakota $2,030 -$376 -15.6%
Tennessee $2,108 -$298 -12.4%
Texas $2,900 $494 20.5%
Utah $1,780 -$626 -26.0%
Vermont $1,644 -$762 -31.7%
Virginia $1,444 -$962 -40.0%
Washington $1,860 -$546 -22.7%
West Virginia $2,206 -$200 -8.3%
Wisconsin $1,666 -$740 -30.8%
Wyoming $2,144 -$262 -10.9%

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.

Additional Tesla Vehicles


U.S. averages for full coverage Tesla vehicle insurance

Average Policy Cost $2,406
Comprehensive Premium $596
Collision Premium $1280
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 $8,406
20 $5,618
30 $2,560
40 $2,406
50 $2,188
60 $2,150

Full coverage, $500 deductibles

Rates by Deductible

Tesla Vehicle Insurance Rates with Different Deductibles
Deductible Premium
$100 $3,240
$250 $2,848
$500 $2,406
$1,000 $1,980

Full coverage, driver age 40

Rates for High Risk Drivers

Tesla Vehicle Insurance Rates for High Risk Drivers
Age Premium
16 $12,168
20 $8,948
30 $5,434
40 $5,262
50 $5,014
60 $4,972

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 $354

Potential Rate Discounts

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

Discount Savings
Multi-policy $135
Multi-vehicle $125
Homeowner $30
5-yr Accident Free $207
5-yr Claim Free $162
Paid in Full/EFT $131
Advance Quote $133
Online Quote $180
Total Discounts $1,103
Rate after discounts $1,303

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

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