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Compare Tesla insurance rates

Car insurance for Teslas can cost more than other cars, depending on the model and trim you choose.

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The average insurance cost for a Tesla is $227 a month, or $2,724 a year across all models. However, rates vary significantly between the cheapest Tesla, the standard Model 3, and the high-value Model X. Also, different insurance companies quote different costs based on how they handle the risk of claims with a Tesla.

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Name Product Roadside assistance New car protection Accident forgiveness Safe driver discount Available states
Progressive
Optional
30%
All 50 states
Discover coverage that’s broader than competitors, valuable discounts up to 30% off and perks like shrinking deductibles that reward no claims.
The AARP Auto Insurance Program from The Hartford
Optional
Yes
All 50 states
Enjoy low rates for mature drivers, plus perks like new car replacement and lifetime repair guarantees. Only for drivers over age 50.
USAA
Optional
Yes
All 50 states
Affordable car insurance with highly rated customer service. Only available to military members and veterans and their family.
Savvy
Savvy
Optional
Optional
Yes
All states & DC
Enter your current policy and get quotes in 30-seconds from 100+ companies, then get help to switch insurers for free. Requires online login to your existing insurance.
Root
52%
Available in 30 states
Track your driving to receive a low rate that reflects your driving skills, and enjoy a fully app-based policy experience.
Gabi
Optional
Optional
Yes
All 50 states
Upload your current policy info and get quotes from 40+ companies. Switch and save an average of $961 a year.
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Tesla car insurance rates by model

The cost of Tesla car insurance differs between models, and models with the highest market value also see the highest insurance costs.

ModelMonthly insurance rateBase car price
Tesla Model S$227$68,000
Tesla Model X$227$82,500
Tesla Model 3$83$35,000
  • How to compare car insurance for a Tesla

    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.

    • Cost. Since major brands charge high prices for Teslas, get multiple quotes to see which companies offer you the best value. Also, consider insurance through Tesla’s own car insurance to get special rates and perks.
    • Coverage. You may want more than just minimum coverage for your valuable Tesla, expanding protection through comprehensive, collision or agreed-value coverage.
    • Discounts. If you see discounts for green vehicles or driver assistance features, grab a quote from that company to compare with other insurers’ overall cost.
    • Features and perks. If you want luxury features like agreed-value coverage, original parts coverage and high liability limits, you could try insurers like Chubb or Pure.

    Why are Teslas so expensive to insure?

    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:

    • Market value. Tesla vehicles come with a higher price tag than other brands, making it more expensive to replace if you get in a serious accident. And buying the highest trim level or extra features can inflate the sale price.
    • The car’s cost to repair. Mechanics need specialized knowledge to repair the tech outfitted on your Tesla, and repairs may take more time too.
    • Electric car parts. Electric car parts like batteries can cost thousands of dollars to replace, upping the cost of repairs further.
    • Chances of a claim. Some insurers like AAA raise their rates on Tesla cars as high as 30 percent, saying that Teslas attract more frequent and higher-cost claims.
    • Its safety ratings. Teslas get top safety ratings that help to temper insurance costs. For example, the Insurance Institute for Highway Safety (IIHS) chose the Model 3 as a Top Safety Pick for 2021.

    Insurance costs for Tesla’s competitors

    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.

    Compare all car makes

    Bottom line

    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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    Frequently asked questions about Teslas and insurance

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