Tesla Model S insurance rates
Shedding light on car insurance prices
Average Tesla Model S insurance rates
The average insurance costs for a Tesla Model S is $227 a month — or $2,724 a year. Your actual cost could be more or less depending on your driving record, the number of miles you drive in a year and other factors. To determine our estimated cost, we aggregated quotes from insurance companies using this profile:
- 2017 Tesla Model S
- 10,001–15,000 miles driven yearly
- No accidents in the past five years
- Anti-theft device on vehicle
- Driver located in New York
- Good credit
Our estimated price is for the state required minimum coverage which includes bodily injury, property damage, uninsured motorist, bodily injury and personal injury protection.
Which car insurance provider is best for me?
Looking to save on car insurance? Answer these three questions to find a provider that best fits your needs and budget.
Question 1 of 3
Do you drive or plan to own a Tesla Model S?
Question 2 of 3
Are you already insured by a provider?
Question 3 of 3
How old are you?
Based on your answers, we think these providers are right for you
Allstate Auto Insurance
Allstate is a trusted and well-established company that offers life, automobile, home, renters, condo, motorcycle and business insurance policies. Founded in 1931, the company strives to make the community safer.
Allstate car insurance comes with:
- New car replacement.
- Accident forgiveness.
- Rewards for safe driving.
About 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.
Insurance companies determine the insurance cost for a Tesla Model S based on safety ratings, theft rates, replacement costs and overall damage susceptibility. Insurance rates can change based on your driving history and location. If you’re considering a Tesla Model S, grab quotes from several insurance companies to find the lowest premium possible before you commit. Do your research to see if you qualify for insurance discounts.
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
Random Tesla facts
- Tesla Inc. has been around since 2003 and specializes in producing American automobiles, manufacturing solar panels and energy storage.
- The Tesla Model S is the first electric car to win the Motor Trend’s Car of the Year award.
- The company was founded in an attempt to change the world’s dependence on oil.
- In 2013, the National Highway Traffic Safety Administration announced that Tesla Model S has the best safety rating of any model in history.
- In 2016, Tesla was ranked the 10th most valuable car company in the world.
Compare insurance providers that cover Tesla Model S
Rates last updated April 26th, 2018
Tesla Model S price
A 2017 Tesla Model S starts at a base price of $68,000. With the average insurance rate at $2,724 per year, the annual insurance cost–to–base car price ratio is 4.0%.
How safe is the Tesla Model S?
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.
How does the Tesla Model S compare to other car models?
From a price standpoint, the Tesla Model S ranks right in the middle of our list of the 360 priciest car models to insure. Explore the prices of other car brands and models:
Ask an Expert