Tesla Insurance Rates

The average cost of car insurance for a Tesla model is about $2,936 per year.

This is $869 worse than other luxury brands. Our car insurance comparison studies assume a 40 year old good driver with full coverage and good credit, that drives around 13,000 miles per year. Many things can contribute to the actual rates. These variables include vehicle, age, location, mileage, credit score, driving record and more. Below you will find a chart that illustrates some of these differences. The tables further down show how these factors impact Tesla insurance rates.

Good Driver and Credit
Recent At-Fault Accident
Poor Credit Rating

These Tesla insurance cost estimates are a result of our ongoing nationwide research and analysis, but they are only averages. We recommend that you let our trusted insurance partners do the shopping for you using our Competitive Quote Tool. While it's free to use, we do receive a small commission if you find a better deal.

Insurance Cost per Tesla Model

Model Good Driver Recent Accident Poor Credit
Tesla Model 3 Insurance Cost $2,224 $3,312 $3,915
Tesla Model S Insurance Cost $3,268 $4,868 $5,754
Tesla Model X Insurance Cost $3,301 $4,917 $5,812
Tesla Model Y Insurance Cost $2,950 $4,395 $5,195

The cost to insure a Tesla model will differ significantly by the age of the driver. Younger drivers cost more to insure because they are much more likely to be at fault in an accident. That probability decreases dramatically by the time they turn 25 and so do the premiums. In fact, insurance cost by age continues to decline until after age 60, but the increases after are modest.

Credit plays a big role in premiums in most states. The under 25 crowd is far more likely to have very little credit established. The best way to mitigate this would be to join their family's multi-vehicle policy. Their rates will become more affordable as they age up and maintain a decent driving record. They can also build their credit at the same time. While paying car insurance doesn't improve credit on its own, using a credit card to so monthly can. As long as it's paid in full every billing cycle, of course. This is also an easy way to accumulate points on a rewards credit card as it's an expense required for every driver.

Insurance costs by age vary between brands based on resale values and safety ratings. If you're not set on a Tesla, then see our insurance analysis and rankings for other makes and models here.

Tesla Insurance Cost by Age

Age Good Driver Recent Accident Poor Credit
17 $9,944 $14,811 $17,508
18 $9,267 $13,803 $16,316
19 $8,190 $12,198 $14,420
20 $7,141 $10,636 $12,573
21 $5,988 $8,920 $10,544
22 $5,832 $8,687 $10,269
23 $5,103 $7,601 $8,985
24 $4,848 $7,221 $8,536
25 $4,184 $6,232 $7,366
30 $3,259 $4,854 $5,738
35 $3,052 $4,546 $5,374
40 $2,936 $4,373 $5,169
45 $2,857 $4,255 $5,030
55 $2,620 $3,902 $4,613
65 $2,733 $4,070 $4,812
75 $3,450 $5,138 $6,074

Tesla auto insurance premiums can cost a lot more or less depending on where you live. Rates are more expensive in Michigan because they mandate much higher coverage levels. California, Hawaii and Massachusetts don't allow providers to adjust rates based on credit. These figures also do not include the potential discounts on a multi-vehicle policy. Those can provide significant savings to a household full of drivers. The table below is a breakdown of how these factors can affect Tesla models by state.

Average Tesla Insurance by State

State Good Driver Recent Accident Poor Credit
Alabama $3,110 $4,357 $5,453
Alaska $2,573 $3,747 $3,926
Arizona $2,908 $4,512 $6,434
Arkansas $3,189 $4,830 $5,404
California $3,550 $6,210 $3,550
Colorado $3,314 $4,587 $5,722
Connecticut $4,233 $6,545 $8,383
Delaware $3,504 $4,825 $6,406
Florida $4,172 $5,668 $7,389
Georgia $3,402 $5,243 $5,379
Hawaii $1,359 $1,876 $1,359
Idaho $2,361 $3,178 $3,956
Illinois $2,472 $3,652 $4,236
Indiana $2,538 $3,968 $4,630
Iowa $2,011 $3,016 $3,515
Kansas $2,675 $3,939 $4,666
Kentucky $3,867 $5,817 $6,842
Louisiana $4,964 $7,587 $8,169
Maine $1,878 $2,518 $3,674
Maryland $3,038 $4,454 $5,260
Massachusetts $2,436 $4,120 $2,436
Michigan $5,879 $8,838 $13,590
Minnesota $2,420 $3,251 $4,812
Mississippi $2,922 $4,413 $4,662
Missouri $2,752 $3,791 $4,903
Montana $2,799 $4,379 $4,830
Nebraska $2,366 $3,349 $3,810
Nevada $3,902 $5,890 $6,462
New Hampshire $2,714 $4,375 $5,571
New Jersey $2,991 $4,715 $6,082
New Mexico $3,054 $4,395 $4,935
New York $2,829 $3,684 $5,947
North Carolina $1,754 $2,831 $2,182
North Dakota $2,400 $3,694 $4,690
Ohio $2,140 $3,500 $3,626
Oklahoma $3,417 $5,130 $5,819
Oregon $3,109 $4,696 $5,388
Pennsylvania $2,619 $3,960 $4,546
Rhode Island $4,373 $6,710 $7,674
South Carolina $2,970 $4,298 $6,132
South Dakota $2,664 $3,666 $4,398
Tennessee $3,133 $4,687 $5,914
Texas $3,156 $4,644 $5,830
Utah $2,684 $3,882 $5,354
Vermont $2,066 $3,304 $3,612
Virginia $1,946 $2,931 $3,114
Washington $2,577 $3,872 $4,565
West Virginia $2,593 $3,776 $4,663
Wisconsin $2,585 $3,774 $4,583
Wyoming $2,413 $3,546 $3,964

Other Important Tesla Ownership Costs

Insurance is a major vehicle related expense. There are also some others to be aware of. See our cost analyses on depreciation, maintenance and financing for all Tesla models. These will provide you with even more knowledge before making such an important financial decision.

Ready to start shopping for a Tesla? We have millions of new and used vehicles listed. Here are some Tesla models for sale in your area.

Have more questions on our data or methodologies? Great, we're skeptics too. Here are some common questions and answers.