Best Tesla Model S Car Insurance Quotes (2024)
Tesla Model S insurance costs $185/mo or $2,220/yr, which is around $701 more per year than other cars. For teens, Tesla Model S insurance costs $676.17/mo or $8,114/yr, while good drivers are able to save as much as $76.25/mo or $915/yr on Tesla Model S insurance costs.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
UPDATED: Apr 1, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Apr 1, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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Key takeaways:
- Full coverage costs around $2,220 a year or $185 each month
- A liability-only policy costs around $890 a year or $74 each month
- Highest rates are for teenage drivers at around $8,114 a year or $676 each month
- Good drivers can save as much as $915 a year by earning policy discounts
- Tesla Model S insurance costs around $701 more per year than the average vehicle
Tesla Model S insurance rates are quite a bit more expensive than the average vehicle with full coverage costing around $2,220 a year or $185 a month.
Good drivers can save up to $915 a year in policy discounts by remaining safe out on the roadways. Let’s take a look at Tesla Model S insurance rates, crash test ratings, and more.
You can start comparing quotes for Tesla Model S car insurance rates from some of the best car insurance companies by using our free online tool now.
Tesla Model S Insurance Cost
The average car insurance costs for a Tesla Model S are $2,220 a year or $185 a month.
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Are Tesla Model Ss Expensive to Insure?
The chart below details how Tesla Model S insurance rates compare to other electric luxury sedans like the Tesla Model 3.
| Vehicle | Comprehensive | Collision | Liability | Total |
| Tesla Model S | $582 | $1,186 | $316 | $2,220 |
| Tesla Model 3 | $444 | $906 | $316 | $1,802 |
However, there are a few things you can do to find the cheapest Tesla insurance rates online.
What Impacts the Cost of Tesla Model S Insurance?
The Tesla Model S trim and model you choose will affect the total price you will pay for Tesla Model S insurance coverage.
Age of the Vehicle
Older Tesla Model S models generally cost less to insure. For example, auto insurance for a 2020 Tesla Model S costs $2,220, while 2012 Tesla Model S insurance costs are $1,740, a difference of $480.
| Model Year | Comprehensive | Collision | Liability | Total |
| 2020 Tesla Model S | $582 | $1,186 | $316 | $2,220 |
| 2019 Tesla Model S | $554 | $1,140 | $332 | $2,162 |
| 2018 Tesla Model S | $532 | $1,130 | $338 | $2,136 |
| 2017 Tesla Model S | $514 | $1,104 | $354 | $2,108 |
| 2016 Tesla Model S | $496 | $1,058 | $364 | $2,054 |
| 2015 Tesla Model S | $470 | $1,020 | $376 | $2,002 |
| 2014 Tesla Model S | $452 | $946 | $384 | $1,918 |
| 2013 Tesla Model S | $432 | $892 | $388 | $1,848 |
| 2012 Tesla Model S | $414 | $800 | $390 | $1,740 |
Driver Age
Driver age can have a significant impact on Tesla Model S auto insurance rates. For example, 20-year-old drivers pay approximately $2,715 more each year for their Tesla Model S auto insurance than 30-year-old drivers.
Driver Location
Where you live can have a large impact on Tesla Model S insurance rates. For example, drivers in Los Angeles may pay $317 a year more than drivers in Houston.
Your Driving Record
Your driving record can have an impact on the cost of Tesla Model S auto insurance. Teens and drivers in their 20’s see the highest jump in their Tesla Model S car insurance with violations on their driving record.
Tesla Model S Crash Test Ratings
Good Tesla Model S crash test ratings mean the VW is safer, which could mean cheaper Tesla Model S car insurance rates.
| Vehicle Tested | Overall | Frontal | Side | Rollover |
| 2020 Tesla Model S (All Variants) 5 HB AWD | N/R | N/R | N/R | 5 stars |
| 2019 Tesla Model S P90D 5 HB AWD | N/R | N/R | N/R | 5 stars |
| 2019 Tesla Model S P100D 5 HB AWD | N/R | N/R | N/R | 5 stars |
| 2019 Tesla Model S 90D 5 HB AWD | N/R | N/R | N/R | 5 stars |
| 2019 Tesla Model S 75D 5 HB AWD | N/R | N/R | N/R | 5 stars |
| 2019 Tesla Model S 60D 5 HB AWD | N/R | N/R | N/R | 5 stars |
| 2018 Tesla Model S P90D 5 HB AWD | N/R | N/R | N/R | 5 stars |
| 2018 Tesla Model S P100D 5 HB AWD | N/R | N/R | N/R | 5 stars |
| 2018 Tesla Model S 90D 5 HB AWD | N/R | N/R | N/R | 5 stars |
| 2018 Tesla Model S 75D 5 HB AWD | N/R | N/R | N/R | 5 stars |
| 2018 Tesla Model S 60D 5 HB AWD | N/R | N/R | N/R | 5 stars |
| 2017 Tesla Model S P90D 5 HB AWD | N/R | N/R | N/R | 5 stars |
| 2017 Tesla Model S P100D 5 HB AWD | N/R | N/R | N/R | 5 stars |
| 2017 Tesla Model S 90D 5 HB AWD | N/R | N/R | N/R | 5 stars |
| 2017 Tesla Model S 75D 5 HB AWD | N/R | N/R | N/R | 5 stars |
| 2017 Tesla Model S 75 5 HB RWD | N/R | N/R | N/R | 5 stars |
| 2017 Tesla Model S 60D 5 HB AWD | N/R | N/R | N/R | 5 stars |
| 2017 Tesla Model S 60 5 HB RWD | N/R | N/R | N/R | 5 stars |
| 2016 Tesla Model S P90D 5 HB AWD Later Release | N/R | N/R | N/R | 5 stars |
| 2016 Tesla Model S P90D 5 HB AWD Early Release | N/R | N/R | 5 stars | 5 stars |
| 2016 Tesla Model S P85D 5 HB AWD | N/R | N/R | 5 stars | 5 stars |
| 2016 Tesla Model S P100D 5 HB AWD Later Release | N/R | N/R | N/R | 5 stars |
| 2016 Tesla Model S P100D 5 HB AWD Early Release | N/R | N/R | 5 stars | 5 stars |
| 2016 Tesla Model S 90D 5 HB AWD Later Release | N/R | N/R | N/R | 5 stars |
| 2016 Tesla Model S 90D 5 HB AWD Early Release | N/R | N/R | 5 stars | 5 stars |
| 2016 Tesla Model S 90 5 HB RWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2016 Tesla Model S 85D 5 HB AWD | N/R | N/R | 5 stars | 5 stars |
| 2016 Tesla Model S 85 5 HB RWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2016 Tesla Model S 75D 5 HB AWD Later Release | N/R | N/R | N/R | 5 stars |
| 2016 Tesla Model S 75D 5 HB AWD Early Release | N/R | N/R | 5 stars | 5 stars |
| 2016 Tesla Model S 75 5 HB RWD Later Release | N/R | N/R | N/R | 5 stars |
| 2016 Tesla Model S 75 5 HB RWD Early Release | 5 stars | 5 stars | 5 stars | 5 stars |
| 2016 Tesla Model S 70D 5 HB AWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2016 Tesla Model S 70 5 HB RWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2016 Tesla Model S 60D 5 HB AWD Later Release | N/R | N/R | N/R | 5 stars |
| 2016 Tesla Model S 60D 5 HB AWD Early Release | N/R | N/R | 5 stars | 5 stars |
| 2016 Tesla Model S 60 5 HB RWD Later Release | N/R | N/R | N/R | 5 stars |
| 2016 Tesla Model S 60 5 HB RWD Early Release | 5 stars | 5 stars | 5 stars | 5 stars |
| 1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration | ||||
|---|---|---|---|---|
Tesla Model S Safety Features
Good Tesla Model S safety features can result in insurers giving you car insurance discounts. The safety features for the 2020 Tesla Model S are:
- Driver Air Bag
- Passenger Air Bag
- Front Head Air Bag
- Rear Head Air Bag
- Front Side Air Bag
- 4-Wheel ABS
- 4-Wheel Disc Brakes
- Brake Assist
- Electronic Stability Control
- Daytime Running Lights
- Child Safety Locks
- Traction Control
- Blind Spot Monitor
- Auto-Leveling Headlights
- Lane Departure Warning
- Lane Keeping Assist
- Cross-Traffic Alert
Tesla Model S Insurance Loss Probability
Review the Tesla Model S car insurance loss probability rates for collision, property damage, comprehensive, PIP, MedPay, and bodily injury. The lower percentage means lower Tesla Model S auto insurance costs; higher percentages mean higher Tesla Model S auto insurance costs.
| Insurance Coverage Category | Loss Rate |
| Collision | 224% |
|---|---|
| Property Damage | 16% |
| Comprehensive | 108% |
| Personal Injury | -61% |
| Medical Payment | -54% |
| Bodily Injury | 4% |
| Source: Insurance Institute for Highway Safety | |
Tesla Model S Finance and Insurance Cost
If you are financing a Tesla Model S, you will pay more if you purchase Tesla Model S car insurance at the dealership, so be sure to shop around and compare Tesla Model S car insurance quotes from the best companies using our FREE tool below.
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Ways to Save on Tesla Model S Insurance
Drivers can end up saving more money on their Tesla Model S car insurance rates by employing any one of the following strategies.
- Don’t Assume your Tesla Model S is Cheaper to Insure than another vehicle. Compare. Compare. Compare.
- Ask for a New Tesla Model S Auto Insurance Rate Based on Your Improved Credit Score
- Check the Odometer on Your Tesla Model S
- Use an Accurate Job Title When Requesting Tesla Model S Auto Insurance
- Compare Insurance Companies After Moving
Top Tesla Model S Insurance Companies
The best auto insurance companies for Tesla Model S car insurance rates will offer competitive rates, discounts, and account for the Tesla Model S’s safety features. The following list of car insurance companies outlines which companies hold the highest market share.
| Rank | Company | Volume | Market Share |
| 1 | State Farm | $65,615,190 | 9.3% |
| 2 | GEICO | $46,106,971 | 6.6% |
| 3 | Progressive | $39,222,879 | 5.6% |
| 4 | Liberty Mutual | $35,600,051 | 5.1% |
| 5 | Allstate | $35,025,903 | 5.0% |
| 6 | Travelers | $28,016,966 | 4.0% |
| 7 | USAA | $23,483,080 | 3.3% |
| 8 | Chubb | $23,388,385 | 3.3% |
| 9 | Farmers | $20,643,559 | 2.9% |
| 10 | Nationwide | $18,442,145 | 2.6% |
| Source: Insurance Information Institute | |||
Read more: Best Tesla Car Insurance Quotes
Compare Free Tesla Model S Insurance Quotes Online
To start comparing Tesla Model S car insurance quotes for free, use our online car insurance comparison tool.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
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Frequently Asked Questions
What factors affect Tesla Model S car insurance quotes?
Several factors can affect the cost of Tesla Model S car insurance quotes, including the driver’s age and driving history, the location where the car will be driven and parked, the coverage options selected, and the value of the car.
How can I find the best Tesla Model S car insurance quotes?
To find the best Tesla Model S car insurance quotes, it’s important to shop around and compare rates from multiple insurance providers. You can also consider factors such as the reputation of the insurance company, the coverage options offered, and any discounts or benefits available.
Are there any special considerations for insuring a Tesla Model S?
Yes, there are some special considerations for insuring a Tesla Model S, as it is a luxury car with advanced technology features. You may need to consider additional coverage options, such as comprehensive coverage or specialized repair coverage, to fully protect your investment.
What types of coverage should I consider for my Tesla Model S?
Depending on your needs and budget, you may want to consider a variety of coverage options for your Tesla Model S, including liability coverage, collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, and specialized coverage for Tesla-specific repairs.
Can I save money on Tesla Model S car insurance?
Yes, there are several ways to save money on Tesla Model S car insurance, including bundling your insurance policies, raising your deductible, taking advantage of discounts for safe driving or good grades, and selecting a higher level of coverage only where needed.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
Secured with SHA-256 Encryption
Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.