Tesla Model S Insurance Rates

Tesla Model S Insurance Rates

Auto insurance for a Tesla Model S will cost about $4,629 per year.

This is more than the national average for luxury sedan models by $1,734. 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.

$14,61318$21,457$25,102$6,59725$9,687$11,333$5,13930$7,546$8,828$4,62940$6,798$7,952$4,13155$6,066$7,097Age of DriverAge$0$2k$4k$6k$8k$10k$12k$14k$16k$18k$20k$22k$24kGood Driver and CreditRecent At-Fault AccidentPoor Credit RatingTesla Model S Annual Insurance Premium
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

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Tesla Model S Insurance Rates by Age*

Age Good Driver Recent Accident Poor Credit
17 $15,680 $23,025 $26,936
18 $14,613 $21,457 $25,102
19 $12,914 $18,963 $22,184
20 $11,260 $16,535 $19,343
21 $9,443 $13,866 $16,221
22 $9,196 $13,504 $15,798
23 $8,047 $11,816 $13,823
24 $7,645 $11,225 $13,132
25 $6,597 $9,687 $11,333
30 $5,139 $7,546 $8,828
35 $4,813 $7,068 $8,268
40 $4,629 $6,798 $7,952
45 $4,505 $6,614 $7,738
55 $4,131 $6,066 $7,097
65 $4,309 $6,328 $7,403
75 $5,439 $7,987 $9,343

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 $4,905 $7,124 $9,068
Alaska $4,057 $5,624 $5,466
Arizona $4,586 $6,630 $9,768
Arkansas $5,028 $7,901 $8,699
California $5,599 $9,901 $5,599
Colorado $5,225 $7,312 $9,277
Connecticut $6,675 $10,353 $13,141
Delaware $5,526 $7,365 $9,459
Florida $6,580 $9,103 $11,862
Georgia $5,364 $8,021 $8,088
Hawaii $2,143 $2,909 $2,143
Idaho $3,723 $4,935 $6,000
Illinois $3,897 $5,890 $6,716
Indiana $4,003 $6,120 $6,868
Iowa $3,171 $4,348 $5,113
Kansas $4,218 $6,138 $7,179
Kentucky $6,098 $8,952 $10,571
Louisiana $7,829 $11,834 $12,831
Maine $2,960 $4,092 $6,041
Maryland $4,791 $6,972 $7,744
Massachusetts $3,842 $6,702 $3,842
Michigan $9,271 $14,127 $22,283
Minnesota $3,816 $5,088 $7,165
Mississippi $4,607 $6,571 $6,614
Missouri $4,341 $6,206 $8,153
Montana $4,413 $6,158 $7,168
Nebraska $3,731 $5,517 $5,994
Nevada $6,153 $9,127 $9,642
New Hampshire $4,280 $6,769 $8,556
New Jersey $4,716 $7,399 $9,682
New Mexico $4,816 $7,164 $7,436
New York $4,461 $5,617 $9,377
North Carolina $2,765 $4,751 $3,388
North Dakota $3,784 $5,751 $6,802
Ohio $3,374 $5,204 $5,336
Oklahoma $5,388 $7,715 $8,687
Oregon $4,903 $6,579 $7,858
Pennsylvania $4,130 $6,064 $7,095
Rhode Island $6,895 $10,115 $11,390
South Carolina $4,683 $6,490 $8,957
South Dakota $4,201 $6,054 $6,985
Tennessee $4,941 $7,274 $9,686
Texas $4,976 $7,189 $8,942
Utah $4,233 $5,931 $8,162
Vermont $3,258 $5,018 $5,304
Virginia $3,069 $4,713 $4,619
Washington $4,063 $5,515 $6,585
West Virginia $4,089 $5,855 $7,336
Wisconsin $4,076 $6,363 $7,257
Wyoming $3,805 $5,327 $5,673

Tesla Model S 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.

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:

Tesla Model S For Sale

2021 Tesla Model S Long Range Plus

Mileage: 5
Mileage: 5     Price: $44,690
Location: Columbus, OH ~ 5 miles away
Dealer: Mark Wahlberg Chevrolet Of Columbus
Days on Market: 6

$44,690


2018 Tesla Model S P100D

Mileage: 107,618
Mileage: 107,618     Price: $24,450
Location: Grove City, OH ~ 6 miles away
Dealer: Car Source
Days on Market: 93
Colors (ext/int): Black / Cream

$24,450


2021 Tesla Model S Long Range Plus

2021 Tesla Model S Long Range Plus

Mileage: 38,194
Mileage: 38,194     Price: $39,100
Location: Columbus, OH ~ 6 miles away
Dealer: Auto Boutique - Ohio
Days on Market: 111
Colors (ext/int): Solid Black / Black/White

$39,100



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