Compare and save on car insurance
Enter your ZIP code to see insurers near you.
Your information is secure.
Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure
Tesla Model S insurance rates
Average Model S insurance cost? $306. But electric doesn’t need to mean top rates if you shop around.
The average cost of car insurance for a 2021 Tesla Model S is $306.22 a month — or $3,674.64 a year. However, your actual costs depend on your driving history, car model, location and other factors.
We pulled Tesla Model S car insurance quotes from top insurance companies to find that the average monthly cost to insure a 2021 Tesla Model S is $306.22. However, an older model may score you lower rates.
| Model Year | Progressive | Geico | State Farm | Farmers | Average |
|---|---|---|---|---|---|
| 2012 Tesla Model S | $145.75 | $178.80 | $207.11 | $336.05 | $216.93 |
| 2016 Tesla Model S | $170.75 | $229.37 | $293.62 | $349.40 | $260.79 |
| 2021 Tesla Model S | $203.76 | $275.97 | $371.38 | $373.77 | $306.22 |
How we got these rates
Our rates are based on a single 30-year old driver with a clean driving history living in California. California is one of seven states that don’t use gender to determine car insurance costs. We chose full coverage car insurance with liability limits that exceed the California state minimum requirements, which include:
- Bodily injury liability per person: $50,000
- Bodily injury liability per accident: $100,000
- Property damage liability: $50,000
- Comprehensive deductible: $500
- Collision deductible: $500
- Medical payments: $5,000
- Uninsured motorist bodily injury: $50,000/$100,000
Your rates may be different based on details such as your zip, location, job type, annual mileage and more.
Get the cheapest quotes for your Tesla Model S
Enter your zip code to compare providers in your area.
Your information is secure
Why is insurance so expensive for the Tesla Model S?
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.
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.
About this car
Originally launched in 2012, the Model S was Tesla’s first all-electric sedan on the market. Both practical and luxurious, there are two model series with different highlights. The Model S Long Range boasts the longest mile range on the market at an estimated 405 miles, while the Model S Plaid version packs in 1,020 horsepower backed by a trimotor powertrain and reaches speeds of 0 to 60 mph in 1.99 seconds.
Each model offers ample cargo space with a large rear trunk plus a front secondary trunk, and seats up to four passengers. Range, speed and storage aside, buyers are further drawn to the Model S for its adaptive cruise control and partial self-driving capabilities.
However, the Autopilot and Full Self-Driving Capability features require an attentive driver who has their hands on the wheel at all times as of November 2021. This means it will take some time for the automaker to develop and refine the vehicle’s fully automated driving ability.
More guides on Finder
-
Car insurance in Bakersfield
Compare top car insurance companies in Bakersfield, plus see why you need extra coverage here.
-
Car insurance in Sacramento
Shop for car insurance in Sacramento with the best coverage, rates, service and local reputation.
-
Compare car insurance in Fresno
Compare insurers that serve Fresno, California, side by side.
-
Car insurance in San Diego
These top 4 companies should narrow down your car insurance options in San Diego.
-
Pretected car insurance review
Get recommendations for the top car insurance companies for you within minutes. But you won’t see your actual rate unless you go through the insurer’s quoting process.
-
Waffle car insurance review
Access an intuitive app, wide coverage and few exclusions when Waffle’s car insurance drops in late July.
-
Savvy car insurance review
This insurance shopping tool compares 100+ companies and prefills your quote forms.
-
Electric vehicles in 2021: How new models, insurance rates and tax breaks affect their cost to own
See average EV insurance rates for 2021 based on Finder’s car model research, plus new models on the horizon.
-
What cars are made in America?
Check out the top 50 American car models, and find out what makes them American.
-
Heacock Classic car insurance review January 2022
Insure your classic car or race car at agreed value with Heacock Classic, but you’ll have to look elsewhere if you have recent claims or major violations.
Ask an Expert