Shedding light on car insurance prices
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:
Our estimated price is for the state required minimum coverage which includes bodily injury, property damage, uninsured motorist, bodily injury and personal injury protection.
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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.
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You could save money on car insurance for your Tesla Model S if it comes equipped with these safety features.
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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%.
| Model | Monthly insurance rate | Base car price |
|---|---|---|
| Tesla Model S | $227 | $68,000 |
| Tesla Model X | $227 | $82,500 |
| Tesla Model 3 | $227 | $35,000 |
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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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:
