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How much does Tesla insurance cost?

I'm interested in getting a Tesla Model S, but I'm kind of worried it will be expensive to insure. How much is insurance for a Tesla?

avatar
Matthew Macgugan · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Those are very nice cars!
The cost of
insuring a Tesla
will vary depending on how your vehicle is equipped, as well as the state you live in and your personal driving history.
On average, expect to pay around $4,500 per year for
full coverage
on your electrified ride.
If you’re thinking that’s a pretty high number, you’re right! But that’s because Teslas typically cost more to repair than traditional gas-engine cars.
You won’t necessarily need to carry full coverage if you purchase the car outright (although you probably still should). But if you’re planning to finance or lease it, you’ll likely be required to have a full-coverage policy.
You may be able to save money by
taking advantage of discounts
offered by some insurers, like:
  • Good driver discounts
  • Loyalty discounts
  • Multi-policy discounts
  • Anti-theft equipment discounts
To make sure you get the best rate for insurance on your Tesla, use a comparison app like
Jerry
. Jerry can generate quotes from over 50 of the nation’s leading providers in seconds so you can find the best deal available.
Enjoy your sweet new ride!”
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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