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Tesla Model S insurance rates

Average Tesla Model S insurance rates

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Our pick : Progressive

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Roadside assistance

  • 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.

Compare insurance for your Tesla Model S

Name Product Roadside assistance New car protection Accident forgiveness Safe driver discount Available states
Progressive
Optional
30%
All 50 states
Discover coverage that’s broader than competitors, valuable discounts up to 30% off and perks like shrinking deductibles that reward no claims.
Clearcover
Optional
Yes
AZ, CA, IL, LA, OH, TX, UT and WI
Get instant online support and score a low rate thanks to online data that sets premiums automatically.
The AARP Auto Insurance Program from The Hartford
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Yes
All 50 states & DC
Drivers over age 50 can enjoy low rates and perks designed for mature drivers, plus freebies and AARP member perks like free replacement cost coverage.
Car Insurance Finder
Optional
Optional
Yes
All 50 states
Get your customized online car insurance quote from top brands near you. Answer 3 easy questions to see your top picks in seconds.
Assurance
Optional
Yes
All states except AK & HI
This broker shines with over 600 positive customer reviews, more top ratings than any broker we've compared.
Allstate
13%
All 50 states
Your dedicated agent can help you find the best savings with multiple discounts and rewards programs.
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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.

Car insurance rates for Tesla Model S by year

YearProgressiveGeicoState FarmAverage
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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