Tesla Roadster Insurance Rates
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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:
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.
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.
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
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.
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% |
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
Rate Tables and Charts
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
Deductible | Premium |
---|---|
$100 | $1,664 |
$250 | $1,520 |
$500 | $1,348 |
$1,000 | $1,184 |
Full coverage, driver age 40
Rates by Liability Limit
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
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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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