Tesla Model S Car Insurance Cost
To insure a Tesla Model S, it typically costs about $1,565 per year through Capital Insurance Group. However, these expenses can vary based on factors such as age, the vehicle’s model year, and other considerations. You can utilize our quote tables below to determine the estimated cost tailored to your circumstances.
We’ve saved shoppers an average of $600 per year on their car insurance.
If you’re thinking about buying a Tesla Model S, you’ll need to consider the insurance costs. Insurance is a crucial aspect of owning a car, and it’s essential to understand its implications before making a purchase.
Choosing the right car insurance policy is vital to avoid unexpected and potentially high expenses in the future. Insufficient coverage in the event of an accident can leave you with significant out-of-pocket costs. Additionally, there’s the risk of premium increases if you’re found at fault in an accident.
Having analyzed car insurance rates for over a decade, I’ve observed how much these costs can vary. Factors like your age, driving history, and location can all have a substantial impact on your insurance premiums.
How Much Does Tesla Model S Car Insurance Cost?
Typically, Capital Insurance Group provides the most competitive pricing, averaging around $1,565 annually for comprehensive insurance coverage on a 2024 Tesla Model S.
While the rate offered by Capital Insurance Group serves as a good reference point, it’s crucial to recognize that car insurance expenses can vary significantly based on several factors. These factors include your geographical location, driving record, the age of your vehicle, and the specific coverage options you select. Maintaining a clean driving history can result in lower premiums, whereas a record of accidents or traffic violations may lead to higher costs.
Moreover, residing in urban areas with heavy traffic may result in higher insurance rates compared to rural regions with less traffic congestion. The level of coverage you opt for also plays a role in determining your premium amount. Comprehensive insurance, which encompasses both collision and comprehensive coverage, tends to be pricier than minimum liability coverage.
Insuranceopedia offers assistance in comparing quotes from different insurance providers to ensure that you secure the most advantageous deal for your needs.
2024 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Capital Insurance Group | $1,565 |
| California Capital | $2,400 |
| USAA | $3,190 |
| 21st Century | $3,315 |
| Oregon Mutual | $3,430 |
| Esurance | $3,620 |
| State Farm | $4,530 |
| Mercury | $4,675 |
| Alliance United | $4,750 |
| Hartford | $4,980 |
2023 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| USAA | $3,062 |
| Unitrin | $4,856 |
| State Farm | $4,643 |
| Esurance | $3,593 |
| Capital Insurance Group | $1,566 |
| Oregon Mutual | $3,368 |
| California Capital | $2,442 |
| Alliance United | $4,632 |
| Mercury | $4,770 |
| 21st Century | $4,073 |
2022 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Texas Farm Bureau Group | $1,267 |
| Plymouth Rock Assurance | $2,150 |
| Dairyland Auto | $1,984 |
| National General | $1,774 |
| Capital Insurance Group | $1,141 |
| Penn National | $1,463 |
| Farm Bureau Mutual (IA Group) | $1,269 |
| Indiana Farmers Mutual Ins | $2,066 |
| Mercury Insurance | $2,125 |
| Virginia Farm Bureau | $1,947 |
2021 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| North Carolina Farm Bureau | $1,164 |
| Travelers | $2,013 |
| Texas Farm Bureau Group | $1,767 |
| GMAC Insurance Group | $1,487 |
| Virginia Farm Bureau | $974 |
| Penn National | $1,256 |
| Farm Bureau Mutual (IA Group) | $1,043 |
| Mercury Insurance | $1,884 |
| Indiana Farmers Mutual Ins | $1,929 |
| Central Mutual Insurance Co | $1,552 |
2020 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Mercury Insurance | $1,859 |
| Allied | $2,990 |
| Auto-Owners Insurance Co | $2,585 |
| Capital Insurance Group | $1,963 |
| American National P | $1,146 |
| Direct Auto | $1,992 |
| Safeco | $1,306 |
| 21st Century | $2,675 |
| Penn National | $2,953 |
| California Capital | $2,300 |
2019 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Texas Farm Bureau Group | $1,657 |
| Clearcover | $2,740 |
| Dairyland Auto | $2,346 |
| ACCC Insurance Company | $1,978 |
| Safeco | $355 |
| Capital Insurance Group | $1,701 |
| Penn National | $1,424 |
| PEMCO | $2,558 |
| Unigard | $2,664 |
| Pekin Insurance | $2,153 |
2018 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| National General | $749 |
| Norfolk and Dedham Group | $2,042 |
| Penn National | $1,408 |
| Virginia Farm Bureau | $1,280 |
| Safeco | $516 |
| Capital Insurance Group | $1,249 |
| Texas Farm Bureau Group | $652 |
| Direct Auto | $1,537 |
| Nationwide | $1,874 |
| Mercury Insurance | $1,303 |
2017 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Texas Farm Bureau Group | $972 |
| ACCC Insurance Company | $1,966 |
| NatGen Value | $1,799 |
| Safeco | $1,635 |
| Mercury Insurance | $764 |
| American National P | $1,232 |
| Dairyland Scored | $924 |
| Dairyland | $1,903 |
| Capital Insurance Group | $2,006 |
| North Carolina Farm Bureau | $1,635 |
2016 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Plymouth Rock | $855 |
| Southern Farm Bureau | $1,398 |
| Buckeye Insurance Group | $1,247 |
| Mercury Insurance | $889 |
| Safeco | $499 |
| Virginia Farm Bureau | $827 |
| American National P | $680 |
| Direct Auto | $1,221 |
| Capital Insurance Group | $1,261 |
| Texas Farm Bureau Group | $1,209 |
2015 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Capital Insurance Group | $1,032 |
| Buckeye Insurance Group | $1,478 |
| Texas Farm Bureau Group | $1,234 |
| Penn National | $1,081 |
| Mercury Insurance | $603 |
| Virginia Farm Bureau | $1,037 |
| American National P | $994 |
| Indiana Farmers Mutual Ins | $1,212 |
| Farm Bureau Mutual (IA Group) | $1,373 |
| SECURA Insurance | $1,112 |
2014 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Mercury Insurance | $705 |
| PEMCO | $1,598 |
| New York Central Mutual Fire | $1,261 |
| SECURA Insurance | $1,171 |
| Texas Farm Bureau Group | $528 |
| NatGen Custom 360 | $838 |
| Safeco | $552 |
| Capital Insurance Group | $1,510 |
| New Jersey Manufacturers | $1,532 |
| Virginia Farm Bureau | $1,157 |
2013 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Mercury Insurance | $511 |
| Atlantic States Insurance | $1,389 |
| Virginia Farm Bureau | $1,285 |
| SECURA Insurance | $984 |
| Safeco | $37 |
| Clearcover | $897 |
| SafeAuto | $477 |
| New Jersey Manufacturers | $1,322 |
| Indiana Farmers Mutual Ins | $1,343 |
| Texas Farm Bureau Group | $1,066 |
2012 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| PEMCO | $2,252 |
| Bristol West | $4,241 |
| State Farm | $2,870 |
| Unigard | $2,664 |
| Nationwide | $1,109 |
| Chubb | $2,581 |
| Capital Insurance Group | $1,684 |
| Oregon Mutual | $3,795 |
| Dairyland Auto | $3,798 |
| USAA | $2,711 |
Find Affordable Tesla Model S Car Insurance
Cost of Tesla Model S Car Insurance By Age
| Drive Age | Good Driver | Recent Accident | Poor Credit |
| 17 | $15,653 | $23,021 | $26,933 |
| 18 | $14,620 | $21,484 | $25,116 |
| 19 | $12,931 | $18,961 | $22,188 |
| 20 | $11,241 | $16,541 | $19,332 |
| 21 | $9,488 | $13,821 | $16,230 |
| 22 | $9,200 | $13,504 | $15,811 |
| 23 | $8,048 | $11,811 | $13,807 |
| 24 | $7,679 | $11,213 | $13,124 |
| 25 | $6,595 | $9,692 | $11,342 |
| 30 | $5,164 | $7,575 | $8,845 |
| 35 | $4,785 | $7,039 | $8,255 |
| 40 | $4,646 | $6,778 | $7,951 |
| 45 | $4,531 | $6,595 | $7,779 |
| 55 | $4,126 | $6,042 | $7,097 |
| 65 | $4,283 | $6,329 | $7,427 |
| 75 | $5,479 | $7,977 | $9,348 |
Tesla Model S Car Insurance Rates By State
| State | Good Driver | Recent Accident | Poor Credit |
| Alabama | $4,900 | $7,106 | $9,061 |
| Alaska | $4,077 | $5,613 | $5,493 |
| Arizona | $4,585 | $6,598 | $9,770 |
| Arkansas | $5,042 | $7,877 | $8,684 |
| California | $5,612 | $9,882 | $5,587 |
| Colorado | $5,219 | $7,299 | $9,302 |
| Connecticut | $6,680 | $10,337 | $13,151 |
| Delaware | $5,525 | $7,366 | $9,456 |
| Florida | $6,554 | $9,104 | $11,832 |
| Hawaii | $2,159 | $2,899 | $2,150 |
| Idaho | $3,748 | $4,929 | $6,008 |
| Illinois | $3,874 | $5,904 | $6,718 |
| Indiana | $3,985 | $6,161 | $6,875 |
| Iowa | $3,164 | $4,350 | $5,155 |
| Kansas | $4,229 | $6,100 | $7,158 |
| Kentucky | $6,080 | $8,938 | $10,564 |
| Louisiana | $7,814 | $11,873 | $12,821 |
| Maine | $2,963 | $4,084 | $6,074 |
| Maryland | $4,800 | $6,979 | $7,740 |
| Massachusetts | $3,825 | $6,708 | $3,853 |
| Michigan | $9,299 | $14,116 | $22,244 |
| Minnesota | $3,839 | $5,073 | $7,143 |
| Mississippi | $4,626 | $6,538 | $6,646 |
| Missouri | $4,355 | $6,174 | $8,167 |
| Montana | $4,432 | $6,189 | $7,138 |
| Nebraska | $3,735 | $5,498 | $5,999 |
| Nevada | $6,142 | $9,106 | $9,610 |
| New Hampshire | $4,285 | $6,763 | $8,586 |
| New Jersey | $4,746 | $7,391 | $9,685 |
| New Mexico | $4,794 | $7,163 | $7,407 |
| New York | $4,476 | $5,597 | $9,407 |
| North Carolina | $2,761 | $4,741 | $3,382 |
| North Dakota | $3,774 | $5,743 | $6,837 |
| Ohio | $3,378 | $5,175 | $5,362 |
| Oklahoma | $5,404 | $7,734 | $8,725 |
| Oregon | $4,917 | $6,590 | $7,893 |
| Pennsylvania | $4,162 | $6,060 | $7,095 |
| Rhode Island | $6,897 | $10,114 | $11,383 |
| South Carolina | $4,708 | $6,476 | $8,961 |
| South Dakota | $4,206 | $6,052 | $6,989 |
| Tennessee | $4,922 | $7,316 | $9,685 |
| Texas | $4,977 | $7,184 | $8,907 |
| Utah | $4,218 | $5,948 | $8,154 |
| Vermont | $3,237 | $5,031 | $5,321 |
| Virginia | $3,059 | $4,710 | $4,628 |
| Washington | $4,074 | $5,479 | $6,618 |
| West Virginia | $4,095 | $5,845 | $7,304 |
| Wisconsin | $4,092 | $6,375 | $7,246 |
| Wyoming | $3,815 | $5,366 | $5,665 |
| Georgia | $5,326 | $8,025 | $8,082 |
Compare Tesla Model S To Other Tesla Models
Looking for other Tesla model insurance costs?
Our Methodology
To ensure accurate and trustworthy insurance company ratings, I employed a detailed methodology. I assess numerous insurers, utilizing insights from reputable review sites and critical metrics from industry authorities such as A.M. Best and J.D. Power. With my 15 years of experience as an insurance agent, I enhance our analysis with firsthand knowledge, ensuring our ratings are reliable guides for your insurance decision-making process.
Quotes Analyzed
Brands Reviewed
Research Hours
Years Of Experience
