Our pick : Progressive
- Safe drivers can save up to 31%
- All 50 states
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The Tesla Model S sees an average premium at $227 a month or $2,724 a year, about twice the national average of $1,300 per year. With a $68,000 MSRP, the annual insurance cost–to–base car price ratio is 4%, right at the national average. That makes the Model S expensive to insure compared to other cars, but relatively cheap for a luxury model.
The Tesla Model S costs more to insure simply because it’s considered a luxury vehicle with a higher than average MSRP. Expensive cars mean expensive repairs in the case of an accident.
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.
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