Get free quote in-app

(400K+)

Our Insurance Partners

nationwide
travellers
mapfre
safeco
kemper
national-general
foremost
dairyland
pronto
bristolwest
hippo
assuranceameric
anchor
still-water
bridger
alinsco
commonwealth
suncoast
aspire

Key Takeaways

  • Tesla Model S price starts at around $104,990.
  • A driver must pay around $2,414 yearly for a Tesla Model S insurance.
  • With an average annual rate of $10,062, teenage drivers pay the most for Tesla Model S insurance.
  • The safety features in your Tesla car can impact the rate of auto insurance for the Tesla Model S.
  • Tesla Model S insurance costs almost $1,000 more than the insurance cost for the average car model.

Tesla Model S Insurance Cost

As inflation affects the automotive industry, Tesla's automobiles are becoming more and more expensive. For instance, the price of the Model S sedan has increased by around $20,000 since last year. So, that means there'll be an increase in the Tesla Model S insurance cost too. However, there are ways to keep the insurance rate down, so a higher sticker price for the car shouldn't discourage you.

Due to Tesla's luxury price, few owners would likely want to buy the minimum amount of car insurance. The majority of states merely need drivers to have liability insurance. But, liability insurance does not pay for damages and auto repairs if you cause an accident and are at fault. A full-coverage is probably the preferred choice for Tesla owners, given the price to maintain or replace a Tesla Model S.

According to reports, Teslas were the most popular electric cars in the nation in 2021. The company's sports luxury model is the Tesla S. It will always be challenging to find the cheapest car insurance for the Model. But, you can compare quotes from different insurers to discover the most affordable Tesla Model S insurance cost.

Depending on your model year, different insurance companies may offer varying pricing. So, how much does Tesla Model S insurance cost? Which is the best car insurance for Tesla Model S? Our review on Tesla Model S insurance cost has it all covered!

How Much It Costs to Insure a Tesla Model S and the Cheapest Company

The Tesla Model S insurance cost greatly depends on the insurer you choose. Our research found that the average insurance cost for the Tesla Model S is around $2,414 yearly.

Model Average annual rate
Tesla Model S $2,414

See what you could save on auto insurance

The Average Annual Cost Of Tesla Model S Insurance By Company

USAA is the best car insurance for the Tesla Model S, with a yearly rate of $1,660. If you don't qualify for USAA, Progressive and Nationwide are the next best insurance companies. These companies will cost you a Tesla S insurance of $1,733 and $1,853, respectively.

Insurer Average annual rates
USAA $1,660
Progressive $1,733
Nationwide $1,853
State Farm $2,166
Allied $2,288

The Best Car Insurance Company for a Tesla Model S

Is reasonable pricing the only factor to acknowledge while buying a Tesla Model S insurance? Not at all! When buying auto insurance, it's crucial to consider the company's financial stability, customer satisfaction, and consumer complaint ratio. Based on these factors, we found that USAA is the best company for Tesla Model S insurance.

Since every driver won't qualify for USAA, Nationwide and Progressive are the next best options for Tesla S owners. So, these are the insurers you can consider buying a Tesla Model S insurance.

Insurer
USAA
Nationwide
Progressive
State Farm
Allied
Allstate

How Much It Costs to Insure a Tesla Model S by Model Year

Since collision and comprehensive insurance costs decrease when a car's value decreases, older Tesla Model S insurance costs are less expensive. As a result, different insurers could provide less expensive solutions depending on the model year.

With an average annual cost of $1,779, USAA has the cheapest average auto insurance rates for the most recent Tesla Model S (2020). The Tesla Model S insurance cost is around $7 less than the 2019 insurance cost. If you don't qualify for USAA, the next best option is Nationwide, with a yearly rate of $1,903. The cheapest insurance company may vary by year, so you can choose your model year to see how costs compare.

Insurer Average annual
rates (2020 model)
Average annual
rates (2019 model)
Average annual
rates (2018 model)
USAA $1,779 $1,786 $1,771
Nationwide $1,903 $1,931 $1,956
Progressive $2,082 $1,759 $1,688
State Farm $2,296 $2,231 $2,500
Allied $2,572 $2,437 $2,428

How Expensive Is It to Insure a Tesla Model S Compared to Other Cars?

Annually, Tesla Model S insurance costs come to around $2,414. It is around $1,000 more than the insurance cost for the average car model. Therefore, the best way to lower the cost of auto insurance for the Tesla Model S is by getting quotes from multiple insurers, comparing, and buying the most affordable one. Or ask for the various discounts that your insurer offer.

How Much it Costs to Insure a Tesla Model S for 16- to 25-Year-Olds

Age is crucial when you plan to buy a Tesla Model S insurance. Most drivers know that the auto insurance cost decreases as their age increases. However, teenage drivers must pay the most for Tesla Model S insurance as insurers see them as high-risk drivers because they lack driving experience.

Teens pay a Tesla Model S insurance cost of $10,062, which is $5,038 less than what a 20-year-old driver pays, and $7,648 less than what a 40-year-old driver pays. The cost of auto insurance for the Tesla Model S can be very high for young drivers. However, they can share a policy with their parents to save money. The following are the average insurance cost for Tesla Model S for different ages.

Age Average annual rates
16 $10,062
17 $8,915
18 $7,852
19 $5,627
20 $5,024
21 $3,979
22 $3,666
23 $3,356
24 $3,151
25 $2,860
40 $2,414

What impacts the cost of Tesla Model S insurance rates?

The Tesla Model S insurance cost depends on the trim and model you buy. In addition, other factors impact the cost of auto insurance for the Tesla Model S.

  • Age of the car : Your car's age significantly impacts the Tesla Model S insurance cost. Be mindful that newer Tesla S models be costlier to insure. So, the rate of Tesla Model S insurance will be less if you own a 2012 or 2104 model Tesla S when compared to a 2020 model.
  • Age of the driver: The driver's age also impacts the Tesla Model S insurance cost you pay. Teen drivers who own the Model need to pay more for insurance than the drivers in their 30s or 40s.
  • Location of the driver: The city you live in can increase or decrease the Tesla Model S insurance cost. For instance, a driver who lives in New York or Los Angeles needs to pay more for Tesla Model S insurance than a driver living in Chicago, Phoenix, or Indianapolis.
  • Your driving record: Your driving behavior can significantly impact the Tesla Model S insurance rate you pay. Teenagers and drivers in their 20s experience a heavy surge on their Tesla Model S auto insurance when they have moving offenses on their record.

Tesla Model S features that impact insurance costs

The car has some features that may help you decrease the cost of auto insurance. But, some features can surge the Tesla Model S insurance cost. These are some of the features that affect the Tesla Model S insurance rate.

  • Tesla's insurance: To keep premiums affordable for drivers, the company offers its insurance in Arizona, California, Illinois, Ohio, and Texas. Tesla insurance gives you a monthly Safety Score of 100. Your monthly premium will get reduced the higher your safety score is. So if you drive carefully, Tesla Model S insurance may enable you to save money.
  • Autopilot mode: Using Tesla's autopilot mode, similar to driver assistance technology and intended to make driving safer by automating steering, accelerating, and braking under your supervision, may qualify you for a safe driving discount. The availability of specific discounts and savings may differ by the insurer.
  • Bioweapon Defense Mode: This setting activates a cutting-edge filtering system that removes poisons from your Tesla. You could stay safe using this technology when wildfires or other hazardous air conditions occur. However, it can be costly to fix and could raise the cost of your auto insurance for the Tesla Model S.
  • Sentry Mode: If somebody stands close to your car for an extended period, this anti-theft system activates cameras that record. This monitoring may deter potential car thieves, but cameras can be expensive to repair and raise your Tesla Model S insurance cost.

Tesla Model S Crash Test Ratings

If the Tesla Model S crash tests are good, it indicates that the car is safer. In addition, it could result in lower Tesla Model S auto insurance costs. These are the crash test ratings of various models of Tesla S according to National Highway Traffic Safety Administration.

Tested Tesla S Model Rollover Frontal Side Overall
2020 Tesla Model S (All Variants) 5 HB AWD ***** N/R N/R N/R
2019 Tesla Model S P90D 5 HB AWD ***** N/R N/R N/R
2019 Tesla Model S P100D 5 HB AWD ***** N/R N/R N/R
2019 Tesla Model S 90D 5 HB AWD ***** N/R N/R N/R
2019 Tesla Model S 75D 5 HB AWD ***** N/R N/R N/R
2019 Tesla Model S 60D 5 HB AWD ***** N/R N/R N/R
2018 Tesla Model S P90D 5 HB AWD ***** N/R N/R N/R
2018 Tesla Model S P100D 5 HB AWD ***** N/R N/R N/R
2018 Tesla Model S 90D 5 HB AWD ***** N/R N/R N/R
2018 Tesla Model S 75D 5 HB AWD ***** N/R N/R N/R
2018 Tesla Model S 60D 5 HB AWD ***** N/R N/R N/R
2017 Tesla Model S P90D 5 HB AWD ***** N/R N/R N/R
2017 Tesla Model S P100D 5 HB AWD ***** N/R N/R N/R
2017 Tesla Model S 90D 5 HB AWD ***** N/R N/R N/R
2017 Tesla Model S 75D 5 HB AWD ***** N/R N/R N/R
2017 Tesla Model S 75 5 HB RWD ***** N/R N/R N/R
2017 Tesla Model S 60D 5 HB AWD ***** N/R N/R N/R
2017 Tesla Model S 60 5 HB RWD ***** N/R N/R N/R
2016 Tesla Model S P90D 5 HB AWD Later Release ***** N/R N/R N/R
2016 Tesla Model S P90D 5 HB AWD Early Release ***** N/R ***** N/R
2016 Tesla Model S P85D 5 HB AWD ***** N/R ***** N/R
2016 Tesla Model S P100D 5 HB AWD Later Release ***** N/R N/R N/R
2016 Tesla Model S P100D 5 HB AWD Early Release ***** N/R ***** N/R
2016 Tesla Model S 90D 5 HB AWD Later Release ***** N/R N/R N/R
2016 Tesla Model S 90D 5 HB AWD Early Release ***** N/R ***** N/R
2016 Tesla Model S 90 5 HB RWD ***** ***** ***** *****
2016 Tesla Model S 85D 5 HB AWD ***** N/R ***** N/R
2016 Tesla Model S 85 5 HB RWD ***** ***** ***** *****
2016 Tesla Model S 75D 5 HB AWD Later Release ***** N/R N/R N/R
2016 Tesla Model S 75D 5 HB AWD Early Release ***** N/R ***** N/R
2016 Tesla Model S 75 5 HB RWD Later Release ***** N/R N/R N/R
2016 Tesla Model S 75 5 HB RWD Early Release ***** ***** ***** *****
2016 Tesla Model S 70D 5 HB AWD ***** ***** ***** *****
2016 Tesla Model S 70 5 HB RWD ***** ***** ***** *****
2016 Tesla Model S 60D 5 HB AWD Later Release ***** N/R N/R N/R
2016 Tesla Model S 60D 5 HB AWD Early Release ***** N/R ***** N/R
2016 Tesla Model S 60 5 HB RWD Later Release ***** N/R N/R N/R
2016 Tesla Model S 60 5 HB RWD Early Release ***** ***** ***** *****

See what you could save on auto insurance

Tesla Model S Safety Features

Tesla cars are famous for their safety features. Some great safety features in your car model can result in insurers providing you Tesla Model S insurance discounts. These are some safety features in a 2020 Tesla Model S.

  • Driver, passenger, front head, and rear head airbags
  • Child safety locks
  • Traction control
  • Blind spot monitor
  • Lane departure warning
  • Lane-keeping assist
  • Brake assist
  • 4-Wheel ABS
  • 4-Wheel disc brakes
  • Cross-traffic alert
  • Electronic stability control
  • Daytime running lights
  • Auto-leveling headlights

How Does Location Affect the Cost of Tesla Model S Insurance?

Although the rates mentioned in this review are based on national averages, where you live can greatly impact how much your Tesla Model S insurance costs. Do you want to know the cost of auto insurance for the Tesla Model S in your state? Then visit our state insurance pages to get more info about how much auto insurance costs in each state.

How to Save Money on Tesla Model S Car Insurance

You can follow these tips to save money on Tesla Model S insurance costs.

  • Don't assume that the Tesla Model S insurance cost will be less than the cost of insuring another vehicle. Instead, get multiple quotes from insurers and keep on comparing the insurance rates.
  • Request a new Tesla Model S auto insurance rate depending on your improved credit score.
  • Always check the Tesla Model S's odometer.
  • When requesting Tesla Model S auto insurance, use a precise job title.
  • After moving, compare the various insurance providers.

How to Get Tesla Model S Insurance with Way.com

Insuring a Tesla Model S is never inexpensive. So, your challenge will be to find cheap car insurance if you plan to buy a Tesla Model S. That's where Way.com can help you. Visit our website or app to find the best car insurance for Tesla Model S in your state or city. You can get quotes from multiple insurers by giving your ZIP Code.

You must compare these rates and buy the one with the most affordable Tesla Model S insurance cost, coverages, and discounts. In addition, our agents in your state or city can explain the state's most complex insurance laws, terms, coverages, and discounts. Therefore, contact one of our agents if you're looking for the cheapest auto insurance for Tesla Model S.

Auto Insurance Data Methodology

The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.

Quotes are typically based on a full coverage policy average unless otherwise noted within the content.

These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com

FAQs About Tesla Model S Insurance

How much does it cost to insure a Tesla Model S?

A driver must pay around $2,414 for a Tesla Model S insurance.

Is it expensive to insure a Tesla Model S? Why?

Tesla Model S is an expensive electric car. As a result, insurers charge higher premiums because it is riskier to provide coverage.

How much is Tesla Model S insurance monthly?

On average, a Tesla Model S insurance costs around $200 monthly.

Learn more by city and state for car insurance



Learn more by city and state for car insurance




Digital Insurance Card

Access your digital insurance card through the app. You no longer need to carry your physical insurance card with you.

Get reminders & quotes

Receive reminders before your renewal. Way.com will also send new quotes from up to 45 insurance companies with your renewal reminder.

Share with family

Keep everyone on your policy up to date by sharing your insurance information.

Manage your policy

Make changes to your policy right from the app (coming soon) and ask for expert advice.

Get the App:

Find the best Auto insurance rates on-the-go

For the best user experience, please download our Way app.

Please Enter A Valid Mobile Number!
Text Sent, Please download!

or