Tesla Model S Car Insurance Cost 2025
Getting insurance for a Tesla Model S costs an average of $1,565 per year. However, the actual cost may vary depending on factors like your age, the model year of the car, your driving history, and your location. To get an accurate estimate of your insurance costs, you can use our quote tables below.
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If you’re thinking about buying a Tesla Model S, you’ll need to consider the insurance costs. On average, insurance for a Tesla Model S costs $1,565 per year. 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, Tesla Model S drivers can find car insurance at an average rate of $1,565 per year. However, the exact cost may vary based on personal factors like your age, location, and driving history. To get the best rate, it’s recommended to compare quotes from different insurance providers.
It’s crucial to recognize that the cost of car insurance can vary significantly due to several factors. These factors include your location, driving history, the model year of your car, and the specific coverage options you select. Maintaining a clean driving record can result in lower premiums, while a history of accidents or traffic violations may lead to higher costs. Moreover, residing in an urban area with heavy traffic might result in higher insurance rates compared to rural areas with less traffic. Additionally, the type of coverage you opt for will impact your premium – comprehensive insurance, covering both comprehensive and collision, generally costs more than minimum liability coverage.
As you can see, the cost of insurance for a Tesla Model S is higher compared to the average cost of all Tesla models. However, it is still cheaper than the average cost for all cars. Insuranceopedia is available to assist you in comparing quotes from various auto insurance companies, ensuring you find the best deal for your needs.
| Vehicle | Average Monthly Premium |
| Tesla Model S | $268 |
| All Teslas | $240 |
| All Cars | $175 |
Average Insurance Cost Of Tesla Model S By Model Year
| Model Year | Average Premium |
| 2024 Tesla Model S | $3,646 |
| 2023 Tesla Model S | $3,701 |
| 2022 Tesla Model S | $1,719 |
| 2021 Tesla Model S | $1,507 |
| 2020 Tesla Model S | $2,177 |
| 2019 Tesla Model S | $1,958 |
| 2018 Tesla Model S | $1,261 |
| 2017 Tesla Model S | $1,484 |
| 2016 Tesla Model S | $1,009 |
| 2015 Tesla Model S | $1,116 |
| 2014 Tesla Model S | $1,085 |
| 2013 Tesla Model S | $931 |
| 2012 Tesla Model S | $2,771 |
2024 Tesla Model S Insurance Rates
The average annual insurance cost for a 2024 Tesla Model S is $3,646. However, Capital Insurance Group offers the cheapest rates, averaging $1,565 per year.
| 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
The average annual insurance cost for a 2023 Tesla Model S is $3,701. However, Capital Insurance Group offers the cheapest rates, averaging $1,566 per year.
| 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
The average annual insurance cost for a 2022 Tesla Model S is $1,719. However, Capital Insurance Group offers the cheapest rates, averaging $1,141 per year.
| 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
The average annual insurance cost for a 2021 Tesla Model S is $1,507. However, Virginia Farm Bureau offers the cheapest rates, averaging $974 per year.
| 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
The average annual insurance cost for a 2020 Tesla Model S is $2,177. However, American National P offers the cheapest rates, averaging $1,146 per year.
| 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
The average annual insurance cost for a 2019 Tesla Model S is $1,958. However, Safeco offers the cheapest rates, averaging $355 per year.
| 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
The average annual insurance cost for a 2018 Tesla Model S is $1,261. However, Safeco offers the cheapest rates, averaging $516 per year.
| 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 |
Find Affordable Tesla Model S Insurance Rates
2017 Tesla Model S Insurance Rates
The average annual insurance cost for a 2017 Tesla Model S is $1,484. However, Mercury Insurance offers the cheapest rates, averaging $764 per year.
| 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
The average annual insurance cost for a 2016 Tesla Model S is $1,484. However, Safeco offers the cheapest rates, averaging $499 per year.
| 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
The average annual insurance cost for a 2015 Tesla Model S is $1,116. However, Mercury Insurance offers the cheapest rates, averaging $603 per year.
| 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
The average annual insurance cost for a 2014 Tesla Model S is $1,085. However, Texas Farm Bureau Group offers the cheapest rates, averaging $528 per year.
| 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
The average annual insurance cost for a 2013 Tesla Model S is $931. However, Safeco offers the cheapest rates, averaging $37 per year.
| 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
The average annual insurance cost for a 2012 Tesla Model S is $2,771. However, Nationwide offers the cheapest rates, averaging $1,109 per year.
| 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 Insurance Rates
Is A Tesla Model S Expensive To Insure?
The cost to insure a Tesla Model S is lower than the overall average for all vehicles. However, the exact amount you’ll pay for car insurance can vary based on several personal factors, including your age, the age of your vehicle, your location, driving history, and the coverage options you choose.
Cost of Tesla Model S Car Insurance By Age
Age is one of the most influential factors in determining car insurance rates. Teen drivers tend to face the highest premiums because they’re statistically more likely to be involved in accidents. As drivers gain more experience and move into their 20s and beyond, premiums generally decrease. By middle age, most drivers enjoy significantly lower rates, especially if they maintain a clean driving record, as they are considered lower risk by insurance providers.
| 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
Where you live has a big impact on how much you pay for car insurance. Every state has its own regulations and minimum coverage requirements, which directly affect premium prices. For instance, Michigan drivers often pay more due to the state’s high mandated coverage levels.
Climate is another key factor—areas prone to extreme weather like hurricanes, floods, or snowstorms may see higher premiums because of the increased risk of damage. Additionally, insurance companies look at local crime rates, accident statistics, and even how often cars are stolen or damaged in your neighborhood.
All these details help insurers determine the specific rate you’ll pay to insure your Tesla Model S.
| 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 |
Find Affordable Tesla Model S Insurance Rates
Cheapest Car Insurance Companies For A Tesla Model S
If you’re planning to purchase a new insurance policy for your Tesla Model S, it’s helpful to know which companies offer the most competitive rates. For example, HiRoad is currently one of the most affordable providers, offering coverage for around $105 per month. However, it’s important to keep in mind that this is just an average—your actual rate may differ based on your personal profile, including your age, location, driving history, and coverage preferences.
To make sure you’re getting the best deal, it’s always smart to shop around and compare quotes from multiple insurers. This gives you a clearer picture of your options and helps you find a policy that fits both your needs and your budget.
| Company | Average Monthly Rate |
| MetLife | $30 |
| Safeco | $39 |
| Mile Auto | $36 |
| Sun Coast | $33 |
| Clearcover | $45 |
Common Tesla Model S Insurance Discounts
Discounts can significantly reduce your car insurance costs, and most providers offer a variety of options. Here are a few common discounts to look out for:
- Multi-policy discount: Bundling your home and auto insurance with the same company can lead to substantial savings.
- Pay-in-full discount: Paying your premium annually instead of monthly often qualifies you for a lower rate.
- Defensive driving discount: Completing a certified defensive driving course can make you eligible for a discount, especially if you’re a new or senior driver.
There are also other specialized discounts available based on your vehicle’s features, driving habits, or even your profession. It’s always worth speaking with your insurance agent—they can review your profile and help identify every discount you might qualify for.
Ways To Save On Tesla Model S Insurance Costs
Maintaining a clean driving record is one of the most effective ways to lower your Tesla Model S insurance premiums. Traffic violations like speeding tickets or being involved in accidents can significantly increase your monthly costs. For example, Tesla Model S drivers with a ticket on their record typically pay around $80 per month, while those with multiple accidents may see rates rise to an average of $99 per month.
Another important factor is your annual mileage. Drivers who log fewer miles are generally seen as lower risk, which translates into cheaper insurance. Those driving between 7,501 and 10,000 miles per year usually pay about $76 per month. However, if you drive more than 10,000 miles annually, that cost can rise to approximately $102 per month. Keeping your driving habits in check not only promotes safety but also keeps your insurance expenses down.
Compare Tesla Model S To Other Tesla Models
Looking for other Tesla model insurance costs?
Our Methodology
To determine average car insurance costs, Insuranceopedia analyzed thousands of quotes from top auto insurance providers. The data was based on a sample profile of a 40-year-old male driver purchasing full-coverage car insurance, which included $100,000 in property damage liability, $100,000 in bodily injury liability, and a $1,000 deductible. Keep in mind that the rates mentioned in this guide are averages and your actual insurance premium may vary depending on your personal circumstances.
Quotes Analyzed
Brands Reviewed
Research Hours
Years Of Experience
FAQs
Do You Need Insurance Before You Can Purchase A Tesla Model S?
Yes, you’ll need to show proof of insurance before driving your Tesla Model S off the dealership lot. The best approach is to purchase a policy in advance and notify your insurance provider that you’re about to buy the vehicle. This way, you’re covered immediately and can avoid relying on dealership-provided insurance, which is often more expensive.
How Can You Get The Cheapest Insurance For Your Tesla Model S?
The most effective way to find the lowest insurance rates for your Tesla Model S is by shopping around and comparing quotes from different auto insurance companies. Luckily, Insuranceopedia makes this easy by allowing you to compare quotes from multiple providers directly on our website.
