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Tesla Model S insurance rates

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Tesla Model S Insurance Finder

Average Tesla Model S insurance rates

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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Compare insurance for your Tesla Model S

Name Product Roadside assistance New car protection Accident forgiveness Available states
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All 50 states
Save up to 31% with safe driver discounts and bundling all your rides in one convenient policy.
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AZ, CA, IL, NJ, OR, PA, VA, WA
Drive less than 30 miles a day? Save on the coverage you need with pay-per-mile insurance from Metromile. Get a low monthly rate then pay just a few cents per mile. Available in AZ, CA, IL, NJ, OR, PA, VA and WA.
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All 50 states
As the nation’s second largest auto insurance company, Geico streamlines the process of purchasing car insurance.
All 50 states
Enjoy having your own dedicated agent to help you get the best discounts and coverage.
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All 50 states
Car insurance through Liberty Mutual will give coverage options for almost any situation.
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All 50 states
Get free quotes from top insurers for the exact coverage you need in minutes.
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CA, IL
A new company with a minimalist approach to insurance. Find basic coverage, low rates and online-based service.
AZ, AR, CO, DE, GA, IL, IN, IA, KY, LA, MD, MI, MS, MT, NE, NM, ND, OH, OK, OR, PA, SC, TX, UT
Root offers simple, affordable insurance that’s ideal for good drivers. Try the Root app for 2 weeks and see how much you could save. Available in 24 states.

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Car insurance rates for Tesla Model S by year

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

Tesla Model S money-saving safety features

You could save money on car insurance for your Tesla Model S if it comes equipped with these safety features.

  • Anti-lock brakes
  • Stability control
  • Airbags
  • Seatbelt pretensioners
  • Anti theft system

How reliable is the Tesla Model S?

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.

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