Shedding light on car insurance prices
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The average insurance costs for a Tesla Model S is $227 a month or $2,724 a year. With the MSRP starting at $68,000, the annual insurance cost–to–base car price ratio is 4.0%, just at the national average. While it’s a pricey car, it’s one of the cheaper luxury cars to insure with a low cost-to-insure ratio.
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| Year | Progressive | Geico | State Farm | Average |
|---|---|---|---|---|
| 2012 | $205 | $160 | $242 | $202 |
| 2013 | $204 | $160 | $285 | $216 |
| 2014 | $203 | $160 | $301 | $221 |
| 2015 | $369 | $402 | $328 | $366 |
| 2016 | $384 | $418 | $309 | $370 |
| 2017 | $458 | $428 | $310 | $399 |
| 2018 | $467 | $449 | $362 | $426 |
| 2019 | $483 | $470 | $373 | $442 |
You could save money on car insurance for your Tesla Model S if it comes equipped with these safety features.
The Tesla Model S has been around since 2012 and is an all electric car. The large luxury car is known for its longest range for any EV model, large cargo room and world class performance. In 2013, the Tesla Model S won the World Green Car of the Year award.
The National Highway Traffic Safety Administration (NHTSA) only rated the rollover crash test, which received the highest possible safety rating. The Insurance Institute for Highway Safety (IIHS) rated the small overlap front test as acceptable, an average rating. All other crash tests performed by the IIHS received a good safety rating, the highest possible rating.
The Tesla Model S model includes lane departure warning, enhanced autopilot system and automatic emergency braking.
Looking to save on car insurance? Answer these three questions to find a provider that best fits your needs and budget.
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