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: Jun 4, 2023

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The average auto insurance rates for a Tesla Roadster are $1,348 annually for full coverage. Comprehensive insurance costs on average $286, collision insurance costs $436, and liability coverage costs around $468. Buying just liability costs as low as $518 a year, and insurance for high-risk drivers costs $2,908 or more. Teenage drivers cost the most to insure at up to $5,106 a year.

Average premium for full coverage: $1,348

Policy rates by type of insurance:

Comprehensive $286
Collision $436
Liability $468

Prices are based on $500 physical damage insurance deductibles, split liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Prices are averaged for all states and for different Roadster trim levels.

Price Range Variability

For the average driver, Tesla Roadster insurance rates range from as cheap as $518 for just the minimum liability insurance to a much higher rate of $2,908 for coverage for higher-risk drivers.

Liability Only $518
Full Coverage $1,348
High Risk $2,908

Urban vs. Rural Price Range

Where you live has a large influence on car insurance rates. Rural areas are shown to have fewer accident claims than densely populated cities. The price range example below illustrates how location impacts car insurance rates.

Rural Areas $1,011
Small Cities $1,415
Large Cities $1,820

The examples above show why anyone shopping for car insurance should compare prices based on a specific location and their own personal driving habits, rather than using average rates.

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 shows average Tesla Roadster insurance rates for different risk profiles and scenarios.

  • The best discount rate is $788
  • Using higher $1,000 deductibles will save around $164 a year
  • The estimated rate for a good driver age 40 with $500 deductibles is $1,348
  • Using more expensive low deductibles for physical damage coverage costs an additional $316 each year
  • Higher-risk drivers who are prone to accidents and violations could pay upwards of $2,908
  • Policy cost with full coverage for a teenage driver with full coverage may cost $5,106 or more

View Chart as Image

Tesla Roadster insurance cost comparison chart
Column chart showing Tesla Roadster insurance prices range from $788 to $5,106 for full coverage

Insurance rates for a Tesla Roadster also range considerably based on the model year and trim level, your driver profile, and policy deductibles and limits.

An older driver with a clean driving record and high physical damage deductibles may only pay around $1,300 a year, or $108 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they can expect to pay upwards of $5,100 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you could be paying at a minimum $1,600 to $2,200 extra every year, depending on your age. High-risk driver insurance can be around 43% to 132% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could cut rates by as much as $480 a year, while increasing your policy's liability limits will cost you more. Going from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $421 more per year. View Rates by Deductible or Liability Limit

Your home state has a huge impact on Tesla Roadster insurance rates. A driver around age 40 might see rates as low as $890 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $1,930 on average in Michigan, Louisiana, and New York.

Tesla Roadster Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,220 -$128 -9.5%
Alaska $1,036 -$312 -23.1%
Arizona $1,120 -$228 -16.9%
Arkansas $1,348 -$0 0.0%
California $1,538 $190 14.1%
Colorado $1,290 -$58 -4.3%
Connecticut $1,388 $40 3.0%
Delaware $1,528 $180 13.4%
Florida $1,690 $342 25.4%
Georgia $1,246 -$102 -7.6%
Hawaii $970 -$378 -28.0%
Idaho $914 -$434 -32.2%
Illinois $1,008 -$340 -25.2%
Indiana $1,018 -$330 -24.5%
Iowa $910 -$438 -32.5%
Kansas $1,284 -$64 -4.7%
Kentucky $1,842 $494 36.6%
Louisiana $1,998 $650 48.2%
Maine $834 -$514 -38.1%
Maryland $1,112 -$236 -17.5%
Massachusetts $1,078 -$270 -20.0%
Michigan $2,346 $998 74.0%
Minnesota $1,130 -$218 -16.2%
Mississippi $1,616 $268 19.9%
Missouri $1,198 -$150 -11.1%
Montana $1,452 $104 7.7%
Nebraska $1,066 -$282 -20.9%
Nevada $1,620 $272 20.2%
New Hampshire $972 -$376 -27.9%
New Jersey $1,510 $162 12.0%
New Mexico $1,196 -$152 -11.3%
New York $1,424 $76 5.6%
North Carolina $778 -$570 -42.3%
North Dakota $1,106 -$242 -18.0%
Ohio $934 -$414 -30.7%
Oklahoma $1,386 $38 2.8%
Oregon $1,236 -$112 -8.3%
Pennsylvania $1,286 -$62 -4.6%
Rhode Island $1,802 $454 33.7%
South Carolina $1,224 -$124 -9.2%
South Dakota $1,140 -$208 -15.4%
Tennessee $1,182 -$166 -12.3%
Texas $1,626 $278 20.6%
Utah $998 -$350 -26.0%
Vermont $924 -$424 -31.5%
Virginia $810 -$538 -39.9%
Washington $1,042 -$306 -22.7%
West Virginia $1,236 -$112 -8.3%
Wisconsin $934 -$414 -30.7%
Wyoming $1,202 -$146 -10.8%

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
2008 Tesla Roadster $286 $436 $468 $1,348

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 Buy Affordable Tesla Roadster Insurance

Finding cheaper rates on auto insurance requires being a low-risk driver, having a good credit history, avoid buying unnecessary coverage, and determing if full coverage is necessary. Spend time shopping around at least once a year by quoting rates from direct carriers like Progressive, GEICO, and Esurance, and also from local insurance agents.

The items below are a brief review of the primary concepts that were touched on above.

  • Drivers can save as much as $160 per year just by shopping early and online
  • Drivers with DUI or reckless driving convictions may be required to pay an average of $1,560 more each year to insure their Roadster
  • Increasing comprehensive and collision deductibles could save up to $475 each year
  • Teen drivers pay the highest rates, costing up to $426 each month including comprehensive and collision insurance

Rates by Driver Age

Tesla Roadster Insurance Rates by Driver Age
Driver Age Premium
16 $5,106
20 $3,082
30 $1,398
40 $1,348
50 $1,234
60 $1,208

Full coverage, $500 deductibles

Rates by Deductible

Tesla Roadster Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,664
$250 $1,520
$500 $1,348
$1,000 $1,184

Full coverage, driver age 40

Rates by Liability Limit

Tesla Roadster Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,348
50/100 $1,442
100/300 $1,559
250/500 $1,863
100 CSL $1,488
300 CSL $1,746
500 CSL $1,933

Full coverage, driver age 40

Rates for High Risk Drivers

Tesla Roadster Insurance Rates for High Risk Drivers
Age Premium
16 $7,260
20 $4,910
30 $2,960
40 $2,908
50 $2,774
60 $2,748

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 $184

Potential Rate Discounts

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

Discount Savings
Multi-policy $71
Multi-vehicle $71
Homeowner $21
5-yr Accident Free $93
5-yr Claim Free $87
Paid in Full/EFT $58
Advance Quote $64
Online Quote $95
Total Discounts $560
Rate after discounts $788

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

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