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We pulled Tesla car insurance quotes from top insurance companies to find that the average monthly cost to insure a Tesla can range from $243 to $317 — or, between $2,961 and $3804 annually. However, monthly costs vary by your car’s model and year, your driving history, ZIP and other factors. And some older models may cost more to insure than others depending on which safety features your vehicle has and which insurer you choose.
| Model Year | Progressive | Geico | State Farm | Farmers | Average |
|---|---|---|---|---|---|
| 2021 Tesla Model 3 | $259.60 | $215.20 | $239.31 | $259.35 | $243.37 |
| 2021 Tesla Model S | $203.76 | $275.97 | $371.38 | $373.77 | $306.22 |
| 2021 Tesla Model Y | $323.45 | $224.78 | $248.42 | $260.42 | $264.27 |
| 2021 Tesla Model X | $318.78 | $248.55 | $308.14 | $392.82 | $317.07 |
| 2011 Tesla Roadster | $282 | $222.55 | 267.73 | $342.87 | $278.79 |
Our rates are based on a single 30-year old driver with a clean driving history living in California. California is one of seven states that don’t use gender to determine car insurance costs. We chose full coverage car insurance with liability limits that exceed the California state minimum requirements, which include:
Your rates may be different based on details such as your zip, location, job type, annual mileage and more.
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Most major car insurance companies will cover your Tesla, but you’ll want to balance the cost with coverage and other features that are important to you. Consider these areas.
Insurance companies look at several features about your car when setting your insurance costs, and Teslas features tend to make the car more risky and expensive to repair. Features about Tesla that affect premiums:
Find manufacturers similar to Tesla, or compare insurance for different makes if you’re not convinced that buying and insuring a Tesla is right for you.
A Tesla’s high price tag means that it can bring high insurance costs. Shop around to find the best car insurance for you.
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