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Cheapest Tesla Car Insurance (Apr 2024)

Compare 50+ top insurance companies including Progressive, Travelers, AAA, Nationwide (and more!) to find the best and cheapest car insurance for your Tesla.
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R.E. Fulton
Licensed Insurance Agent —Senior Content Writer
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Reviewed by Josh Damico, Vice President Insurance Operations
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Edited by Lina Zhang, Licensed Insurance Agent, VP of Operations

How much does Tesla car insurance cost? 

While Tesla might be relatively new compared to other car manufacturers, it dominates the electric vehicle (EV) market. You won’t find any hybrids here–Tesla is all in when it comes to creating sustainable, fully electric cars. From sedans and SUVs to an upcoming Cybertruck, you can find an option that works for you.
After hours spent researching Tesla insurance rates, we can tell you it costs an average of $95 per month to insure your Tesla EV. This means Tesla owners pay 20% more for insurance based on the
national average
.
How much you pay for insurance depends on which model you have, the vehicle year, where you live, and your driving history, so getting a
car insurance quote
relies on multiple details. The only way to truly understand how much your car insurance will cost is to compare car insurance quotes.

How to find the cheapest Tesla car insurance quote? 

Fortunately, you won’t have to pull out a calculator or spend hours getting quotes since Jerry can do the hard work of research for you. In fact, Jerry has helped 2172 Tesla owners save an average of $2,490 on their car insurance premiums.
Let’s look at some real-life examples Jerry found while researching how much Tesla owners pay for insurance.
DateCarInsurance CompanyPremium (monthly)Customer DetailsInsurance coverage
April 18, 2024
Tesla Model 3Travelers
$97
• State Minimum Liability
• Comp / Collision
April 17, 2024
Tesla Model 3Safeco
$273
• 100,000/300,000 Liability
• Comp / Collision
April 16, 2024
Tesla Model 3Plymouth Rock
$138
• 100,000/300,000 Liability
• Comp / Collision
April 13, 2024
Tesla Model SMercury
$186
• 50,000/100,000 Liability
• Comp / Collision
April 12, 2024
Tesla Model XProgressive
$248
• 100,000/300,000 Liability
• Comp / Collision
coverageLast Updated Apr 18, 2024

The best car insurance companies for Tesla drivers

While
shopping for car insurance
, you want to find the perfect fit for you and your vehicle.
Insurance isn’t a case of one-size-fits-all when it comes to finding the best insurance company for your Tesla because how much the insurance premium costs depends on where you live, If you have a clean driving record, how much insurance coverage you need, and even your marital status. Fortunately, you can take advantage of Jerry's hard work to help you review coverage options.
Let’s look at how much Tesla owners pay based on different insurance companies using the chart below:

Insurance CompanyOverall RatingPriceClaims ExperienceCustomer Service
Safeco
4.6
4.4
4
4.5
Travelers
4.5
4.2
4.4
4.5
Progressive
4.3
3.9
3.9
4.3
AAA
4.2
4
3.8
4.4
Allstate
4.2
3.6
3.8
4.2
USAA
4
3.5
4.5
4.2
State Farm
4
3.4
3.8
4.2
Farmers
4
3.4
4.1
3.9
Geico
3.9
3.3
3.9
4
Liberty Mutual
3.7
3.2
3.5
3.7
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How'd we get these scores?

Jerry's experts conducted one of the largest car insurance surveys in the United States. We surveyed 15,000 policyholders, in all 50 states, over the span of 18 months. These policyholders hold insurance policies with 87 different insurance companies. We surveyed policyholders to gauge their satisfaction with their insurance carriers in: policy cost, customer service, buying and renewal experience, as well as claim experience. These scores were all reported by real customers of the insurance companies.
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We love saving our customers money. Turns out, they love it too! Here's what they have to say about their switch with Jerry:
Progressive
I'm so glad I got this policy it meets my needs and affordable
Barbara
AAA
Wonderful customer service
Gage
Progressive
Cheaper than competitors!
Miranda
Progressive
Easy and affordable!
Ravyn

Are Teslas more expensive to insure?

Compared to the average cost of other cars, Tesla vehicles cost 20% more to insure. 
Car MakeAverage State Minimum Insurance CostAverage Full Coverage Insurance Cost
Fiat
$86
$160
Isuzu
$87
$153
Chrysler
$91
$179
Tesla
$95
$225
Alfa Romeo
$114
$217

Cheapest Teslas to insure

Fortunately, some models don’t cost as much when it comes to insurance. The cheapest Tesla to insure is the 2022 Model X, with an average monthly premium of $21 for state minimum coverage and an average of $328 for full coverage. 

Car MakeAverage Monthly State Minimum Insurance CostAverage Monthly Full Coverage Insurance Cost
2022 Tesla Model X
$21
$328
2022 Tesla Model S
$40
$229
2013 Tesla Model S
$59
$252
2018 Tesla Model 3
$73
$181
2023 Tesla Model Y
$77
$233

Most expensive Teslas to insure

Of course, other Teslas cost more for insurance premiums. The most expensive Tesla model to insure is a 2015 Model S, with an average monthly premium of $125 for state minimum coverage and an average of $262 for full coverage. 

Car MakeAverage Monthly State Minimum Insurance CostAverage Monthly Full Coverage Insurance Cost
2023 Tesla Model 3
$141
$240
2021 Tesla Model Y
$132
$216
2019 Tesla Model X
$127
$241
2012 Tesla Model S
$126
$151
2015 Tesla Model S
$125
$262
Always keep in mind that how much you pay for insurance ties to variables like your location, your driving behavior, how much coverage you choose, and so on, which is why you need to find insurance quotes based on your needs. For example, living in
Los Angeles, California
, is definitely going to give you a higher insurance rate than a rural town. Don’t rely on the average estimate–see what different companies offer for your rate to help find the right insurer.

What factors affect Tesla car insurance rates?

Multiple factors change
how car insurance is calculated
, such as:
  • Vehicle cost: Collision and comprehensive coverage are more for electric vehicles and higher-end brands like Tesla. 
  • Vehicle age: That shiny new car is more expensive to insure thanks to new tech and a higher value.
  • Cost of parts: Electric vehicles tend to have more expensive parts, especially batteries. Plus, Tesla does not allow for non-brand parts since it voids the warranty, so you can’t shop around as easily when it comes to repairs. 
  • Your age: If you are under 25, insurers will charge you more since you have less driving experience, while senior drivers often see increased insurance rates once they turn 75. 
  • Your driving record and claims history: If you have a
    clean driving record
    , you’ll pay less for insurance than a driver with multiple tickets, accidents, or other driving violations.
  • Where you live: If you live in an area with higher crime rates or a big city, you can expect your rate to be higher than someone who lives in a lower-risk area. 
Here are a few specific factors that impact auto insurance rates for Tesla:
  • Materials: Teslas use more expensive materials, like lithium batteries and non-standard parts, so repair costs are higher.
  • Safety: Teslas give you many safety options, such as Tesla Vision and parking assist, so those bring your cost down.
  • Mechanics: You must use a Tesla-certified mechanic for repairs if you want your warranty to stay intact, so you can’t shop around for better prices. This means repairs are more expensive, which affects your insurance rate. 
  • Luxury brand: Any luxury brand will cost more when it comes to insurance, while electric vehicles (EVs) add to the expense.

Tesla insurance cost for young drivers

Teen drivers
between 16 and 19 years pay the highest insurance rates out of any age group. If you have a teen driver who owns a vehicle, you’ll want
full coverage
for them to offset the higher accident rate.

card cover
Jayden (24 years old)
coverageCoverage
50,000 per person
100,000 per accident bodily injury
Comp / Collision
carTesla Model 3
$302
per month
card cover
Clearcover
John (24 years old)
coverageCoverage
50,000 per person
100,000 per accident bodily injury
Comp / Collision
locationHalethorpe, MD
carTesla Model 3
$320
per month

Tesla insurance cost for senior drivers

Car insurance rates increase once you are past retirement age, usually at age 70 to 75.
Car insurance rates for seniors
tend to be higher since older drivers have higher accident rates, and are more susceptible to serious injuries if involved in a collision, which means higher medical expenses and increased costs for insurance providers. All of these reasons up insurance premiums.

card cover
Nora (84 years old)
coverageCoverage
100,000 per person
300,000 per accident bodily injury
Comp / Collision
carTesla Model Y
$319
per month
card cover
Franklin (73 years old)
coverageCoverage
State Minimum
carTesla Model 3
$167
per month
card cover
Cameron (73 years old)
coverageCoverage
100,000 per person
300,000 per accident bodily injury
Comp / Collision
carTesla Model 3
$84
per month
card cover
Jon (66 years old)
coverageCoverage
No Coverage
carTesla Model S 70
$70
per month
card cover
Marguerite (69 years old)
coverageCoverage
100,000 per person
300,000 per accident bodily injury
Comp / Collision
carTesla Model Y
$115
per month

Tesla insurance cost for drivers with driving violations 

Tesla insurance costs also depend on your driving record. Tesla drivers without violations or at-fault accidents pay the least, but you’ll see an increase in your coverage if you have any of the following on your record in the last three to five years: 
  • Speeding tickets
  • DUIs
  • At fault accidents
  • Reckless driving
  • Driving on a suspended license

Cheapest car insurance for Tesla drivers with a speeding ticket

If you have one ticket on your record for driving less than five miles over the speed limit, it probably won’t impact your Tesla insurance premiums. However, multiple tickets or extreme speeding will affect your rate. Fortunately, Jerry can still help Tesla drivers with multiple speeding tickets save when finding car insurance.

Speeding TypeCarInsurance CompanyPremium (monthly)CustomerInsurance coverage
Speeding 1-5
Tesla Model 3Progressive
$61
• State Minimum Liability
Speeding 6-10
Tesla Model YSafeco
$204
• 100,000/300,000 Liability
• Comp / Collision
coverageLast Updated Apr 12, 2024

Cheapest car insurance for Tesla drivers with a DUI

If you have a
DUI conviction
on record, you want to get multiple quotes before picking an insurance company since that will make a big difference. You will still be able to find something affordable, but signing with the first company that pops up a search can result in much higher than necessary rates. Jerry can make the process easier if you need car insurance with a DUI on your record.

card cover
Joe (33 years old)
DUI
coverageCoverage
50,000 per person
100,000 per accident bodily injury
Comp / Collision
carTesla Model 3
$440
per month
card cover
Luella (29 years old)
DUI
coverageCoverage
100,000 per person
300,000 per accident bodily injury
carTesla Model 3
$102
per month
card cover
Alan (33 years old)
DUI
coverageCoverage
100,000 per person
300,000 per accident bodily injury
Comp / Collision
carTesla Model 3
$180
per month
card cover
Clayton (34 years old)
DUI
coverageCoverage
50,000 per person
100,000 per accident bodily injury
Comp / Collision
carTesla Model Y
$355
per month
card cover
Clearcover
Mary (31 years old)
DUI
coverageCoverage
100,000 per person
300,000 per accident bodily injury
Comp / Collision
carTesla Model 3
$202
per month

Cheapest car insurance for Tesla drivers after an accident

Your car accident and claim history has one of the biggest impacts on your insurance rate. If you’ve been in an at-fault accident recently or had multiple claims, you might see a big increase in your premium. Let Jerry help you find affordable insurance if you were in an accident.

Accident typeCarInsurance CompanyPremium (monthly)CustomerInsurance coverage
At Fault With No Injury
Tesla Model 3Nationwide
$131
• 50,000/100,000 Liability
• Comp / Collision
At Fault With Injury
Tesla Model SAllstate
$76
• 50,000/100,000 Liability
Not At Fault
Tesla Model YSafeco
$170
• 100,000/300,000 Liability
• Comp / Collision
At Fault With No Injury
Tesla Model 3Travelers
$119
• 100,000/300,000 Liability
• Comp / Collision
At Fault With Injury
Tesla Model 3Bristol West
$332
• 50,000/100,000 Liability
• Comp / Collision
coverageLast Updated Apr 18, 2024

Cheapest car insurance for Tesla drivers with other driving violations on their record

Beyond speeding tickets or DUIs, violations like reckless driving and
driving on a suspended license
usually increase your car insurance rate. Let’s look at some of the more common driving violations and how we helped Tesla drivers save on insurance.

ViolationCarInsurance CompanyPremium (monthly)CustomerInsurance Coverage
Illegal Turn
Tesla Model 3Bristol West
$226
• No Coverage Liability
Defective Equipment
Tesla Model 3Allstate
$72
• State Minimum Liability
Failure to Obey Signal
Tesla Model 3Progressive
$86
• 25,000/50,000 Liability
Cell Phone
Tesla Model 3Travelers
$130
• 100,000/300,000 Liability
• Comp / Collision
Careless Driving
Tesla Model SSafeco
$138
• 100,000/300,000 Liability
• Comp / Collision
Driving on Sus. License
Tesla Model SState Auto
$318
• 100,000/300,000 Liability
• Comp / Collision
Failure to Obey Signal
Tesla Model 3Travelers
$227
• 100,000/300,000 Liability
• Comp / Collision
Improper Passing
Tesla Model 3Allstate
$213
• 100,000/300,000 Liability
• Comp / Collision
coverageLast Updated Apr 18, 2024

How can I lower the cost of my Tesla car insurance?

Let’s look at ways you can save money when insuring a Tesla vehicle:  
  • Shop around:
    Comparison shop for insurance coverage
    to check quotes from multiple insurers so you know what the best price is for you. Jerry makes this process easy by gathering quotes from more than 50 major insurance companies in minutes so that you can see multiple rates. Once you find a better deal, Jerry can even help you sign up for your new policy and cancel the old one.
  • Opt for an older or less expensive model: If you’re buying a Tesla, research insurance rates for different models ahead of time. Purchasing a small used sedan instead of adding your name to the waitlist for the upcoming Cybertruck can save you money on insurance. 
  • Bundle your insurance policies:
    Bundling your home and auto insurance
    with the same provider often means discounts. 
  • Participate in a telematics program: Some insurance companies use technology to track your driving habits. You could qualify for car insurance discounts if you show you are a safe driver. 
  • Reduce your coverage: If you have an older vehicle, opt to
    reduce coverage
    on it to lower your bill. No sense in going all in for a car that is so old it will fall apart after an encounter with a pothole.
  • Raise your deductible: The deductible is the amount of money you agree to pay out of pocket before any collision or comprehensive insurance coverage helps with your claim. Even a tiny increase in your deductible reduces monthly insurance payments.

FAQs

Yes, Tesla offers an insurance option if you live in one of the
twelve states
where the coverage is currently available. You can sign up for their insurance through the Tesla app or
their website
The plan is a telematics program, which means they use technology to track real-time driving behavior and reward you for good driving habits. You can even review your stats through the Safety Score beta program
Compared to other brands, yes. Tesla car insurance rates are often above average thanks to being classified as a luxury brand, stricter limitations on available repair shops, and more expensive repairs. Insurance companies increase your premium to offset potential claims that will cost them more.
You at least need the state minimum based on where you live in order to drive legally, but this varies by state. Different states require specific types of coverage, so you might need
uninsured motorist
coverage,
personal injury protection (PIP)
, and other options based on your
state insurance laws
.
Due to higher repair costs, it’s a good idea for any Tesla owner to get full-coverage insurance, including basic liability coverage, collision coverage, and comprehensive insurance. If you purchase a new Tesla with a car loan, your lender will require full coverage insurance for your Tesla until the loan is paid off. Anyone buying a new vehicle should look at
gap insurance
and
rental car reimbursement insurance
as add-ons to a full-coverage policy. 
It’s a combination of factors, including the fact that Tesla is both a luxury brand and in high demand. The technology and parts are also more expensive, thanks to being fully electric and relying on pricier parts like lithium batteries. Tesla is much stricter about enforcing limitations on using brand-specific parts and Tesla-certified mechanics under warranty restrictions, which again adds to the cost.
Your costs depend on things like which model you own, your driving record, and more, but some models are definitely more expensive. The Model 3 is generally cheaper to insure out of the 2023 lineup, while a Model S will cost the most. On average, though, you can expect $95 per month and $1,140 per year if you own a Tesla.

Methodology

The Insurance Research Team analyzes insurance products and services to drive insights and help consumers make informed purchase decisions. 
Insurance research: We analyzed over 25 million car insurance quotes; conducted the largest insurance shopping survey (over 15,000 customers surveyed and 85 carriers reviewed in the past 18 months). 
We surveyed insurance policyholders for their experience with their insurers in the following areas: (1) insurance cost (2) customer service (3) insurance buying experience (4) insurance renewal experience (5) claim experience. In addition, we asked people what they like about their insurers and what areas in which their insurers could improve. The driver characteristics used in calculating average rates for auto insurance include: single driver, single car, currently insured, clean driving record.  
For the quotes and sold policies included in this article, please note that personal information has been hidden. Not all customers find savings. 
Team: The team consists of licensed insurance agents, insurance industry veterans, and data scientists.

Meet Our Experts

avatar
R.E. Fulton
badge icon
Licensed Insurance Agent —Senior Content Writer
R.E. Fulton is an expert insurance writer specializing in car ownership topics from car shopping and loan advice to insurance and repair guides. R.E.’s mission is to create unique and accessible content that helps readers to become more successful and independent car owners. R.E. has written and edited over 900 high-performing articles for Jerry, with an average of 1 million+ views.
As a senior writer on Jerry’s editorial team, R.E. draws on over 10 years of experience as a professional writer and digital publishing specialist. Prior to joining Jerry’s editorial team in 2021, R.E. worked as a writing coach at Columbia University, the Rochester Institute of Technology (RIT), and the University of Rochester. They serve as a managing editor for peer-reviewed history publication Nursing Clio, where their work has appeared regularly since 2015.
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Lina Zhang
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Licensed Insurance Agent
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Licensed in 50 states and Washington DC
Lina Zhang is Vice President of Operations at Jerry. She helped to found Jerry in order to take the confusion and mystery expenses out of car ownership and help drivers achieve financial success. Leading a global team responsible for operations, talent acquisition, legal, and content, Lina has been a key contributor to the AllCar™ app’s 10x growth in its first year of operation. Prior to Jerry, Lina and her Jerry co-founders, Art Agrawal and Musawir Shah, created YourMechanic, the largest on-demand car repair services provider. In one year, Lina built and scaled YourMechanic operations from just five markets to more than 50. The trio left YourMechanic to incubate Jerry at Y Combinator in 2017. Lina’s previous roles include intellectual property attorney at Morrison & Foerster LLP and a biomedical researcher at Stanford University.
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Josh Damico
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Head Of Insurance Operations
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18+ Years Experience in Insurance
Josh Damico is Jerry’s vice president of insurance operations and a licensed insurance professional with nearly two decades of experience in the industry. Previously, Josh held executive roles at Geico, where he had vast regional oversight and leadership opportunities.  He holds a bachelor’s degree in business administration and management from Medaille College, and has appeared on news channels including FOX and CBS to offer insurance expertise and tips to drivers across the country. His work has appeared in Business Insider, Kelley Blue Book, and Digital Insurance and been quoted in The Balance, GOBankingRates, and Inspiring Workplaces.
*Illustration only. For all the pricing information presented in this article (including various tables), please note that not all customers find savings and the information is for illustrative purposes only. Savings depend on type of car, location, policy features, driving history and other factors. Drivers who switch through Jerry save over $70/month on average.