What is the cost to insure a Tesla?

My sister is getting a Tesla and needs insurance. She likes to budget and wants to calculate the cost of her insurance. How much can she expect to pay?

“On average, Tesla car insurance costs between $2,215 and $4,548 a year, but this is dependent on several factors. Several factors are used to calculate your car insurance rates, such as:
  • credit history
  • age
  • marital status
  • location
  • type of coverage
The type of Tesla you get can also have an impact on your rate, and Teslas are typically more expensive to insure because they are often more expensive to repair.
The best way for your sister to budget for insurance is to request car insurance quotes online. By requesting quotes with different carriers, she’ll be able to get an idea of the average cost of insurance.”
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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