Tesla Insurance Rates

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How much is car insurance per month for Tesla?

The Tesla Model S, the luxury sedan that leads the company's electric vehicle line, is one of the costliest cars to insure. The annual insurance costs for a base level Tesla are between $800 and $1,200, depending on coverage limits and your ZIP code, according to quotes generated by Quadrant Information Services. That's considerably more than an Audi A7, which ranks as the most expensive car model to insure among six major automakers examined in this report. It costs about half what it takes to protect a Tesla.

Is Tesla insurance higher or lower?

We all know that Tesla's are expensive. The Model S starts at $68,000 (US) and the Model X at $82,500 (US). So it is not surprising that, on average, Tesla insurance is also higher.

What insurance companies insure Tesla?

Tesla owners and drivers do not need to worry about the lack of insurance. The majority of major insurers, such as Nationwide, State Farm, Allstate, USAA, and Farmers, offer policies for Tesla vehicles. Tesla Motors Insurance Services provides an additional option. And if you're a good driver, you might extend your savings by getting a better quote from one of these companies:

How much is Tesla insurance in Canada?

Tesla insurance varies on factors like where you live, the age of the car, and how often you use it. It is not easy to find an accurate number on Tesla insurance comparisons because each insurer has different criteria for eligibility. For instance, one company might require that your car be less than five years old before allowing you to list it as a daily driver, while another may let you add any model. Some insurers restrict certain models based on their performance or charging requirements.

Tesla Models

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $64
Multi-vehicle $61
Homeowner $17
5-yr Accident Free $81
5-yr Claim Free $86
Paid in Full/EFT $47
Advance Quote $66
Online Quote $94

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Discounts are estimated and may not be available from every company or in every state.

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