How much does it cost to insure a Tesla?

I want to get a Tesla, but I'm worried about the cost of insurance. What is the average cost to insure a Tesla?

“The price of Tesla car insurance varies. However, they are more expensive to insure than many other vehicles.
The cost depends on the type of coverage you’re looking for as well as the model you have. Since Teslas can be more expensive to repair, insurance premiums on them are higher. That said, the average cost of insurance on a Tesla ranges from $2,215 to $4,548 annually.
Car insurance companies also look at a variety of other factors to determine rates, such as:
  • credit history
  • location
  • age
If you have a low credit score or live in an area with a high number of claims, you’re likely going to pay significantly more on your insurance.
Before you buy a Tesla, request car insurance quotes from potential carriers. You’ll be able to get an idea of how much your insurance will cost based on the Tesla you’re looking to get and the coverage you require.”
Emily Maracle
Answered on Jul 28, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.

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