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Tesla Cybertruck car insurance rates
Tesla’s electric truck is surprisingly affordable to buy — but expensive to insure.
The highly anticipated Tesla Cybertruck created divided opinions with its retro-futuristic design, but will certainly cause a splash in the new electric truck market. The truck itself is relatively affordable, but insurance costs are expected to be high since it’s both a pickup truck and an electric vehicle. The Tesla Cybertruck is an all-electric pickup with high insurance rates. The average insurance cost for the Cybertruck is expected to be around $400 a month, or $4,800 a year, three times more than the average cost of $1,300 a year. With the lower-end Cybertrucks starting at $39,900, this makes its annual insurance cost-to-base ratio around 12%, which is much higher than the national average of 4% but still in alignment with expected costs for electric pickups. Filter car insurance companies by your state to get a quote.
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