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Tesla Roadster car insurance rates

Average insurance cost for your Roadster? $257. But shop to drop your rates even lower — see Geico.

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We pulled car insurance quotes from top insurance companies to find that the average monthly cost to insure a Tesla Roadster is $278.79 a month —or $3,345.48 yearly. However, some older models may cost less to insure than others depending on the safety features your vehicle has and which insurer you choose. And your actual costs depend on your specific details such as driving history, ZIP, age, annual mileage and other factors.

Model YearAllstateGeicoState FarmFarmersAverage
2011 Tesla Roadster$282$222.55267.73$342.87$278.79

The Roadster is keeping its sporty convertible style but it’s slated for higher speeds and a convertible glass roof, making it more risky to insure. Other characteristics of this car:

  • Body type. A sleek convertible with top speeds creates an exhilarating ride, but its glass roof and top-down features will make insurance companies shiver.
  • Fuel. Tesla is turning up the dial with a range of over 600 miles. That means you can last longer between charges, costing $10 to $13 a charge.
  • Theft rates. Insurers may fall in love with the Roadster’s expected low theft rate based on previous model years.
  • Maintenance. Tesla cars aren’t known for problems, but you can expect costly maintenance and a specialized mechanic for this racey electric, which drives insurance rates up.
  • Coverage. You might want a luxury policy, fitting this luxury car with agreed-value coverage and higher maximums to protect your investment. Also, consider medical payments and race track coverage if you need to cover track days.
  • Insurer options. Luxury car insurance whittles down your choices, but insurers like Chubb may help you get coverage. You might consider electric car insurers like InsureMyTesla or Electric Auto.
  • Warranty. This Tesla comes with warranty protection for four years or 50,000 miles, including roadside service. Although the battery warranty is still pending, the long-range Model 3 battery was protected for eight years or 120,000 miles.
Name Product Gap insurance Homeowner discount Telematics Has an app? Available states
AARP Auto Insurance Program from The Hartford
Yes
Yes
TrueLane®
No
All 50 states
Enjoy low rates for mature drivers, plus perks like new car replacement and lifetime repair guarantees. Only for drivers over age 50.
The Zebra
Yes
Yes
Yes
Yes
All 50 states
Progressive
loan/lease coverage
Yes
Snapshot
Yes
All 50 states & DC
Discover coverage that’s broader than competitors, valuable discounts up to 30% off and perks like shrinking deductibles that reward no claims.
Pretected
Yes
Depends on provider
No
No
All 50 states
Get your most compatible insurance options via a "smart matching" method aimed at finding you value.
USAA
No
Yes
SafePilot
Yes
All 50 states & DC
Affordable car insurance with highly rated customer service. Only available to military members and veterans and their family.
Branch
Yes
No
Yes
Yes
AZ, CO, IL, IN, MD, MO, OH, OK, TX and WI
Benefit from this online-based startup’s steep savings and convenient online quotes and claims.
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Does the Tesla Roadster qualify for discounts?

Tesla hasn’t released many details on this new car, but it’s likely to have all the same features as previous models, which could help you save with car insurance discounts.

  • Antitheft
  • Antilock brakes
  • Airbags
  • Electric vehicle discounts
  • Seatbelt pretensioners
  • Stability control

Why is insurance so expensive for the Roadster?

The Roadster ticks all the boxes for an expensive insurance premium, especially with a high MSRP and specialty parts that make repairing or replacing more pricey for your insurer. Plus, this car can reach upwards of 250 mph, a speed that could encourage risky driving on the open road.

How reliable is the Tesla Roadster?

With a Tesla track record for safety and few recalls or problems on previous Roadsters, you can assume this upcoming car will have a similar reputation.

  • Safety. Although the National Highway Traffic Safety Administration (NHTSA) hasn’t tested the Roadster for safety, it has 5-star ratings for many other Teslas like the Model 3, Model S and Model X.
  • Reliability. Owners from previous model years haven’t reported common problems with the Roadster. However, you could need more repairs if you’re using yours on the track.
  • Recalls. Yes, Tesla recalled 345 — almost 75% at that time — of its 2008-2009 Roadster models for under-torqued rear hub flange bolts which could loosen, compromising control and possibly lead to a crash. It also recalled the 2.0 and 2.5 models built between 2009 and 2010, or 439 in total, for a wire chafing issue that could lead to short-circuit and possibly fire.

About this car

If any discontinued vehicle model deserves a reprisal, it’s the Tesla Roadster, originally dropped from the production lineup back in 2011 to better focus on building models more affordable to the masses — think the Model S. But Tesla’s flagship model is returning with refreshes and updates, albeit late to hit the assembly line amid multiple delays, so enthusiasts are holding out hope for a 2023 model launch.

After a total makeover, the new Roadster will start at a base price of $200K offering all of the punch from its original model, but with a sleeker body designed for more aerodynamic performance. It’s also more powerful, reaching 1.9 seconds in the 0 to 60 mph test and topping out at over 250 mph. It can drive up to 620 miles with modest use on a single charge to its whopping 200 kWh battery.

Still considered a concept car, neither the NHTSA nor the Insurance Institute for Highway Safety (IIHS) have been able to conduct crash-safety tests, but it’s anticipated that Tesla will include the same driver-assisted safety features all other Tesla models boast, like the semi-autonomous driving system, lane departure alert and automated emergency braking with pedestrian recognition.

Bottom line

The upcoming Roadster has features that make it a breezy ride with high insurance, like its convertible top and specialized coverage. Shop a variety of providers to get the best coverage and value, or find out the cost of insuring another car altogether.

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