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Tesla Insurance Rates

Tesla Insurance Rates

The average cost of car insurance for Tesla models is about $4,409 per year.

This is $1,332 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. They also assume a single-car policy on a brand-new vehicle, and won't reflect any multi-car discounts. 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.

$13,91718$20,435$23,907$6,28325$9,226$10,793$4,89530$7,187$8,407$4,40940$6,474$7,573$3,93455$5,777$6,759Age of DriverAge$0$2k$4k$6k$8k$10k$12k$14k$16k$18k$20k$22kGood Driver and CreditRecent At-Fault AccidentPoor Credit RatingAverage Tesla Annual Insurance Premium
Good Driver and Credit
Recent At-Fault Accident
Poor Credit Rating

Tesla insurance rates will vary significantly between providers for the same coverage. If you've been with your current insurance company for more than a few years, you should get new quotes to make sure you're not overpaying. Try our Competitive Quote Tool or the form below to get free quotes to lower your insurance costs. Advertising Disclosure


Insurance Cost per Tesla Model

Model Good Driver Recent Accident Poor Credit
Estimated Tesla Cybertruck Insurance Rates $4,864 $7,142 $8,356
Estimated Tesla Model 3 Insurance Rates $3,022 $4,438 $5,191
Estimated Tesla Model S Insurance Rates $4,736 $6,954 $8,135
Estimated Tesla Model X Insurance Rates $4,902 $7,198 $8,421
Estimated Tesla Model Y Insurance Rates $4,520 $6,637 $7,764

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.

Are car insurance rates based on credit score?

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 Rates by Age*

Age Good Driver Recent Accident Poor Credit
17 $14,933 $21,928 $25,653
18 $13,917 $20,435 $23,907
19 $12,299 $18,059 $21,127
20 $10,724 $15,747 $18,422
21 $8,993 $13,206 $15,449
22 $8,759 $12,861 $15,046
23 $7,663 $11,253 $13,165
24 $7,281 $10,691 $12,507
25 $6,283 $9,226 $10,793
30 $4,895 $7,187 $8,407
35 $4,584 $6,731 $7,875
40 $4,409 $6,474 $7,573
45 $4,290 $6,299 $7,370
55 $3,934 $5,777 $6,759
65 $4,104 $6,026 $7,050
75 $5,180 $7,606 $8,898

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 Rates by State*

State Good Driver Recent Accident Poor Credit
Georgia $5,109 $7,639 $7,702
Wyoming $3,624 $5,073 $5,402
Wisconsin $3,882 $6,060 $6,912
West Virginia $3,894 $5,576 $6,986
Washington $3,870 $5,252 $6,272
Virginia $2,923 $4,488 $4,400
Vermont $3,103 $4,779 $5,051
Utah $4,031 $5,649 $7,773
Texas $4,739 $6,846 $8,516
Tennessee $4,706 $6,927 $9,225
South Dakota $4,001 $5,766 $6,653
South Carolina $4,460 $6,181 $8,531
Rhode Island $6,567 $9,633 $10,847
Pennsylvania $3,933 $5,775 $6,757
Oregon $4,670 $6,266 $7,484
Oklahoma $5,132 $7,347 $8,273
Ohio $3,213 $4,956 $5,082
North Dakota $3,604 $5,477 $6,478
North Carolina $2,634 $4,525 $3,227
New York $4,248 $5,350 $8,930
New Mexico $4,587 $6,823 $7,082
New Jersey $4,491 $7,046 $9,221
New Hampshire $4,077 $6,446 $8,149
Nevada $5,860 $8,692 $9,182
Nebraska $3,553 $5,254 $5,708
Montana $4,203 $5,865 $6,826
Missouri $4,134 $5,910 $7,764
Mississippi $4,387 $6,258 $6,299
Minnesota $3,634 $4,846 $6,824
Michigan $8,829 $13,454 $21,222
Massachusetts $3,659 $6,383 $3,659
Maryland $4,562 $6,640 $7,375
Maine $2,819 $3,897 $5,753
Louisiana $7,456 $11,270 $12,220
Kentucky $5,808 $8,525 $10,068
Kansas $4,018 $5,845 $6,837
Iowa $3,020 $4,142 $4,870
Indiana $3,812 $5,829 $6,540
Illinois $3,711 $5,610 $6,396
Idaho $3,545 $4,700 $5,714
Hawaii $2,041 $2,770 $2,041
Florida $6,266 $8,669 $11,297
Delaware $5,263 $7,014 $9,009
Connecticut $6,357 $9,860 $12,515
Colorado $4,976 $6,964 $8,835
California $5,332 $9,429 $5,332
Arkansas $4,789 $7,525 $8,285
Arizona $4,368 $6,315 $9,303
Alaska $3,864 $5,356 $5,206
Alabama $4,671 $6,784 $8,636

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