Tesla Model S Insurance Cost

Auto insurance for a Tesla Model S will cost about $3,626 per year.

This is more than the national average for luxury sedan models by $1,401. Our car insurance comparison study assumes 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.

Auto insurance premiums vary a great deal by age, state, insurance company and mileage. Factors such as recent accidents, traffic violations, credit history also impact these rates. The following chart illustrates how some of these scenarios affect the cost of car insurance for a Tesla Model S.

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

Tesla Model S insurance rates can also differ 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

Tesla Model S Insurance Cost by Age

Age Good Driver Recent Accident Poor Credit
17 $12,284 $18,037 $21,101
18 $11,448 $16,810 $19,665
19 $10,117 $14,855 $17,379
20 $8,821 $12,953 $15,153
21 $7,397 $10,862 $12,708
22 $7,205 $10,579 $12,376
23 $6,304 $9,257 $10,829
24 $5,989 $8,794 $10,288
25 $5,168 $7,589 $8,878
30 $4,026 $5,912 $6,916
35 $3,771 $5,537 $6,477
40 $3,626 $5,325 $6,230
45 $3,529 $5,182 $6,062
55 $3,236 $4,752 $5,560
65 $3,376 $4,957 $5,799
75 $4,261 $6,257 $7,319

Tesla Model S car 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 Model S by state.

Tesla Model S Insurance Rates by State

State Good Driver Recent Accident Poor Credit
Alabama $3,842 $5,581 $7,104
Alaska $3,178 $4,406 $4,282
Arizona $3,593 $5,194 $7,652
Arkansas $3,939 $6,189 $6,815
California $4,386 $7,756 $4,386
Colorado $4,093 $5,728 $7,268
Connecticut $5,229 $8,110 $10,294
Delaware $4,329 $5,769 $7,410
Florida $5,154 $7,131 $9,292
Hawaii $1,679 $2,279 $1,679
Idaho $2,916 $3,866 $4,700
Illinois $3,053 $4,614 $5,261
Indiana $3,136 $4,794 $5,380
Iowa $2,484 $3,407 $4,006
Kansas $3,305 $4,808 $5,624
Kentucky $4,777 $7,013 $8,281
Louisiana $6,133 $9,270 $10,052
Maine $2,319 $3,206 $4,733
Maryland $3,753 $5,462 $6,067
Massachusetts $3,009 $5,250 $3,009
Michigan $7,262 $11,067 $17,456
Minnesota $2,990 $3,986 $5,613
Mississippi $3,609 $5,148 $5,181
Missouri $3,400 $4,862 $6,387
Montana $3,457 $4,824 $5,615
Nebraska $2,922 $4,322 $4,695
Nevada $4,820 $7,150 $7,553
New Hampshire $3,353 $5,302 $6,703
New Jersey $3,695 $5,796 $7,585
New Mexico $3,773 $5,612 $5,826
New York $3,495 $4,401 $7,346
North Carolina $2,166 $3,722 $2,654
North Dakota $2,965 $4,506 $5,328
Ohio $2,643 $4,077 $4,180
Oklahoma $4,221 $6,044 $6,805
Oregon $3,841 $5,154 $6,156
Pennsylvania $3,235 $4,750 $5,558
Rhode Island $5,402 $7,924 $8,923
South Carolina $3,668 $5,084 $7,017
South Dakota $3,291 $4,743 $5,472
Tennessee $3,871 $5,698 $7,588
Texas $3,898 $5,632 $7,005
Utah $3,316 $4,647 $6,394
Vermont $2,553 $3,931 $4,155
Virginia $2,405 $3,692 $3,619
Washington $3,183 $4,320 $5,159
West Virginia $3,203 $4,587 $5,747
Wisconsin $3,193 $4,985 $5,685
Wyoming $2,981 $4,173 $4,444
Georgia $4,202 $6,284 $6,336

Tesla Model S Insurance Rankings

Insurance Rankings

We've ranked over 200 models from best to worst for Insurance. See where the Tesla Model S ranks for Insurance compared to other vehicles. Also check out how the Model S stacks up in our rankings for Depreciation, Maintenance, Overall Costs.

Insurance Rankings

Other Tesla Model S Costs of Ownership

Finding a car or truck that saves on insurance costs is important. But, it's also imperative to view all major Tesla Model S costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: