When buying a new vehicle, factor in the cost of car insurance as part of your overall budget.
According to CarInsurance.com’s rate analysis, the average annual cost for Tesla car insurance is $4,512 or $376 per month. Remember that your specific rates may vary depending on the Tesla model you choose, the model year, your age, your driving history and the insurer.
- The annual average nationwide cost of full coverage car insurance for Tesla is $4,512 per year.
- The Model Y is the cheapest Tesla model to insure.
- Advanced safety features that come standard on Tesla models help lower your insurance costs.
Average cost of car insurance for a Tesla, by company
Car insurance premiums vary greatly depending on the vehicle’s make. For example, insurance rates differ from one insurer to another because companies use different parameters to assess risk and estimate the likelihood of a claim. Insurers consider factors such as your driving history, location, age and the type of vehicle you drive to calculate insurance rates.
The table below shows Tesla car insurance rates by insurance company.
Cost to insure a Tesla, by company
| Company | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Travelers | $3,099 | $1,550 | $258 |
| State Farm | $3,506 | $1,753 | $292 |
| Nationwide | $3,675 | $1,838 | $306 |
| Progressive | $4,541 | $2,270 | $378 |
| GEICO | $4,594 | $2,297 | $383 |
| Allstate | $5,234 | $2,617 | $436 |
| Farmers | $6,221 | $3,110 | $518 |
| USAA | $3,188 | $1,594 | $266 |
Tesla average insurance rates, by model
Tesla Model Y car insurance cost
The average car insurance premium for Tesla Model Y is $320 per month, which translates to $3,836 per year. The most affordable company for a Tesla Model Y is Travelers with a rate of $233 monthly or $2,796 per year.
Tesla Model 3 car insurance cost
On average, car insurance for a Tesla Model 3 costs $323 a month or $3,871 per year. Travelers has the cheapest car insurance cost for a Tesla Model 3 at $214 per month, equating to $2,563 annually.
Tesla Cybertruck car insurance cost
The average car insurance premium is $368 per month, which adds up to $4,415 each year for a Tesla Cybertruck. Travelers is the cheapest car insurance company, with a monthly rate of $258 , which translates to an annual cost of $3,097 .
Tesla Model S car insurance cost
The monthly car insurance cost for a Tesla Model S is $440 , which translates to $5,285 annually. Travelers tops the list of the most affordable car insurance companies, with an average cost of $3,498 a year or $292 per month.
Tesla Model X car insurance cost
The average car insurance premium for Tesla Model X is $455 per month, which translates to $5,462 per year. The most affordable company for a Tesla Model X is Travelers with a rate of $300 monthly or $3,606 per year.
Insurance rates by car model
The average cost of car insurance for a Tesla, by age
Tesla car insurance costs will vary depending on your age. When it comes to car insurance, young drivers typically pay much higher rates for coverage than drivers with more experience under their belts.
According to a study by the Insurance Information Institute, in 2020, young drivers represented just 5.1% of all licensed drivers but were involved in 8.5% of fatal crashes. This data highlights that young drivers are more frequently involved in accidents, leading to increased claims.
Additionally, teens tend to engage in riskier driving behavior compared to older drivers, contributing to higher insurance costs.
Car insurance costs generally decrease as drivers gain more experience and avoid getting tickets and filing claims. However, when drivers turn 60, insurance rates tend to rise again. The tables below show Tesla insurance costs based on the driver’s age.
Cost to insure a Tesla, by model, for 18-year-olds
| Age | Make Model | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|---|
| 18 | Tesla Cybertruck | $14,255 | $7,127 | $1,188 |
| 18 | Tesla Model 3 | $13,180 | $6,590 | $1,098 |
| 18 | Tesla Model S | $17,798 | $8,899 | $1,483 |
| 18 | Tesla Model X | $18,270 | $9,135 | $1,522 |
| 18 | Tesla Model Y | $12,852 | $6,426 | $1,071 |
Cost to insure a Tesla, by model, for 40-year-olds
| Age | Make Model | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|---|
| 40 | Tesla Cybertruck | $4,415 | $2,207 | $368 |
| 40 | Tesla Model 3 | $3,871 | $1,935 | $323 |
| 40 | Tesla Model S | $5,285 | $2,642 | $440 |
| 40 | Tesla Model X | $5,462 | $2,731 | $455 |
| 40 | Tesla Model Y | $3,836 | $1,918 | $320 |
Speak with a friendly agent and get your quote in minutes!
Tesla car insurance rates by state
When it comes to car insurance, your location plays a significant role in determining your insurance premiums. Tesla car insurance rates vary significantly from one state to another due to factors such as traffic conditions, accident rates, theft/vandalism, weather events and state-specific insurance laws. Find below Tesla car insurance rates by state.
| State | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Alaska | $3,982 | $1,991 | $332 |
| Alabama | $3,913 | $1,956 | $326 |
| Arkansas | $5,264 | $2,632 | $439 |
| Arizona | $4,402 | $2,201 | $367 |
| California | $5,609 | $2,804 | $467 |
| Colorado | $4,698 | $2,349 | $392 |
| Connecticut | $5,628 | $2,814 | $469 |
| Washington, D.C. | $6,361 | $3,181 | $530 |
| Delaware | $4,961 | $2,480 | $413 |
| Florida | $4,743 | $2,371 | $395 |
| Georgia | $4,080 | $2,040 | $340 |
| Hawaii | $2,411 | $1,205 | $201 |
| Iowa | $4,001 | $2,000 | $333 |
| Idaho | $3,125 | $1,563 | $260 |
| Illinois | $3,918 | $1,959 | $327 |
| Indiana | $3,020 | $1,510 | $252 |
| Kansas | $4,447 | $2,223 | $371 |
| Kentucky | $5,305 | $2,653 | $442 |
| Louisiana | $7,370 | $3,685 | $614 |
| Massachusetts | $3,880 | $1,940 | $323 |
| Maryland | $5,391 | $2,696 | $449 |
| Maine | $2,924 | $1,462 | $244 |
| Michigan | $6,520 | $3,260 | $543 |
| Minnesota | $4,200 | $2,100 | $350 |
| Missouri | $4,387 | $2,193 | $366 |
| Mississippi | $5,788 | $2,894 | $482 |
| Montana | $4,571 | $2,286 | $381 |
| North Carolina | $3,308 | $1,654 | $276 |
| North Dakota | $3,697 | $1,849 | $308 |
| Nebraska | $4,547 | $2,274 | $379 |
| New Hampshire | $3,274 | $1,637 | $273 |
| New Jersey | $5,250 | $2,625 | $438 |
| New Mexico | $4,254 | $2,127 | $355 |
| Nevada | $6,048 | $3,024 | $504 |
| New York | $4,729 | $2,365 | $394 |
| Ohio | $3,083 | $1,541 | $257 |
| Oklahoma | $4,614 | $2,307 | $384 |
| Oregon | $3,542 | $1,771 | $295 |
| Pennsylvania | $4,998 | $2,499 | $416 |
| Rhode Island | $5,070 | $2,535 | $422 |
| South Carolina | $4,822 | $2,411 | $402 |
| South Dakota | $4,825 | $2,412 | $402 |
| Tennessee | $4,235 | $2,117 | $353 |
| Texas | $4,881 | $2,440 | $407 |
| Utah | $3,428 | $1,714 | $286 |
| Virginia | $4,172 | $2,086 | $348 |
| Vermont | $3,164 | $1,582 | $264 |
| Washington | $3,466 | $1,733 | $289 |
| Wisconsin | $4,544 | $2,272 | $379 |
| West Virginia | $3,956 | $1,978 | $330 |
| Wyoming | $3,736 | $1,868 | $311 |
Average car insurance cost for different vehicle makes
Our apologies, we cannot display the data due to availability or spelling errors. Please check the spelling and try again. For assistance, reach out us via Which body styles are cheaper or more expensive to insure?
If you’re looking for affordable Tesla car insurance, it’s wise to choose vehicles designed with families in mind, such as small SUVs. These cars typically come equipped with advanced safety features, have smaller engines and are often driven by parents with children onboard. As a result, drivers tend to be more cautious, leading to fewer accidents.
Safety features like airbags, backup cameras, automatic emergency braking and lane departure warnings play a significant role in keeping insurance premiums low. Minivans and compact to midsize SUVs continue to top the list of the most affordable cars to insure.
Pickups and commercial vans also tend to be cheaper to insure than sedans and other vehicle types. They are usually cheaper to repair because the back end of the vehicle is just an empty bed, it doesn’t have seating or other expensive electrical and safety components. Cheaper repairs result in cheaper insurance.
Cheapest Tesla models to insure
Smaller, budget-friendly Tesla models with low-power engines are more affordable to insure than upscale or sporty versions. Entry-level base models have lower car insurance rates, but premiums increase as you move up to higher-level trims.
Family-friendly models equipped with various safety features can help keep your insurance premiums affordable. Advanced safety technologies like automatic emergency braking, backup cameras and blind spot detection often qualify for discounts.
“If you are a younger driver, you will probably pay more for auto insurance, so you may need to consider practicality versus style,” says Lauren Mckenzie, independent broker/agent with A Plus Insurance. “If you are younger and you choose a fast, luxurious sports car, your monthly insurance payments could end up being more than your monthly auto loan payments.”
Most expensive Tesla models to insure
When it comes to insurance costs, luxury vehicles, sports cars and SUVs are often the most expensive. Sports cars and luxury models have higher rates because they’re more frequently targeted by thieves and have high repair costs. SUVs, especially the larger models, come with higher premiums due to their potential to cause more extensive damage in accidents.
If you are hoping to keep your insurance bill low, avoid these types of vehicles:
- EVs: EVs have large, very expensive batteries under the hood which makes them expensive to insure. Battery packs can cost up to $20,000 to replace, so insurers factor that risk into your rate.
- Luxury and sports cars: A big engine is always a red flag for insurers as is a sky-high sticker price. Luxury and sports cars come with a big sticker price, are fast, and filled with exotic trims and technology, all of which make them very costly to repair or replace if you file a claim which is why they are super expensive to insure.
- Favorites of thieves: Insurers keep a close eye on statistics, and if your vehicle is a favorite with car thieves, you will pay more for coverage. The National Insurance Crime Bureau (NICB) releases a list every year of hot cars with thieves so avoid those vehicles to keep your premium low.
How to save on car insurance for a Tesla
“Shop around for quotes from multiple insurers. Also, investigate group auto insurance that may be available from your employer,” says Brian Martucci, finance editor for Minneapolis-based Money Crashers.
Additionally, drop insurance coverage you don’t need, especially if you want to purchase an older vehicle model.
“You can shift money from one type of coverage to additional coverage on the uninsured motorist property damage coverage, for example. This way, so long as you are not the one at fault in an accident, your vehicle will be covered and you will save a lot of money on car insurance,” McKenzie says.
Before committing to a vehicle, estimate your car insurance costs and shop for the best value. Compare quotes from different insurance companies carefully.
“If your car insurance payments are still on the higher end, consider choosing a higher deductible, such as $1,000 instead of a $500 deductible – which will lower your premium,” McKenzie says. “Also, consider leaving off additional coverages like rental reimbursement or roadside assistance, which may save you money, too.”
Tesla discounts on car insurance
To reduce the cost of your Tesla insurance, ensure that you take advantage of all available discounts. Insurance companies offer a range of discounts that can significantly lower your premiums.
Discounts may be related to the vehicle you drive or your personal factors. Insurance companies typically offer a discount for a vehicle loaded with advanced safety features such as automated emergency braking, lane departure warning and driver alertness monitor.
You may be able to save money by installing an anti-theft device or driving a brand-new car, as some insurers offer discounts for new vehicles. Personal factors, such as being a good driver or a good student (if you have a teen on your policy), can also lead to significant discounts.
“You may also qualify for a low-mileage discount by driving less and by bundling multiple policies, like home and auto, with the same carrier,” Martucci says.
Learn about common car insurance discounts for an overview of the most common savings for Honda auto insurance.
How does a car’s make affect car insurance rates?
Tesla car insurance rates depend on the model you select. They offer a diverse range of vehicles and insurance costs vary with each type.
Smaller SUVs and minivans are the cheapest vehicle types to insure while luxury models and sporty sedans are more expensive. Pickup trucks tend to fall on the more affordable side of the insurance spectrum – until you get into the luxury trim levels.
Insurance companies accumulate excessive statistical data, revealing that family-friendly vehicles-like SUVs and minivans-are involved in fewer accidents and file fewer claims than sedans and sports cars. This is one reason why they are cheaper to insure. Additionally, luxury vehicles and sports cars are equipped with expensive materials and advanced technology, which drives up repair costs and, as a result, increases insurance premiums.
Remember to compare apples to apples when it comes to insurance quotes for different vehicle types. A luxury sedan will always cost more to insure than a minivan or mid-size SUV, so when comparing insurance quotes, be sure to compare the same vehicle types and coverage limits.
This advice also applies when comparing vehicles from different manufacturers. A luxury German sedan, like a BMW or Mercedes, will generally cost more to insure than a minivan or compact vehicle from another brand. Therefore, always compare similar vehicle types and trim levels when shopping for a new vehicle or insurance policy.
Check out car insurance rates by model: Compare rates for over 3,000 models
About the company: Tesla
Tesla Inc., established in 2003, is an American electric vehicle and clean energy company. Tesla leads the electric vehicle market with its commitment to reducing carbon emissions. Its range of vehicles, including the Model S, Model 3, Model X and Model Y, are known for their sophisticated design, remarkable performance and extensive driving range.
Final thoughts on Tesla insurance costs
Tesla makes a variety of different models and the cost to insure them will vary based on a number of factors. Choosing entry-level vehicles with a low starting price, smaller engine under the hood and plenty of safety features will help keep your premium affordable while more luxury and sporty models will push up the cost of coverage.
Shopping your coverage on a regular basis, asking for discounts and choosing the highest deductible you can easily afford are all great ways to save money on your coverage regardless of which Tesla model you drive off the lot.
Frequently asked questions
Does my driving record impact how much I pay to insure my Tesla?
Yes, your driving record has a significant impact on your Tesla’s insurance premium. A clean driving history typically leads to lower rates, while accidents, speeding tickets, or DUI offenses can substantially increase your premium.
Does the color of my Tesla affect the insurance premium?
No, the color of your Tesla does not affect your insurance premium. Insurance companies base their rates on factors like the model, age, safety features, and driving history, but not the color of your vehicle.
How does the age of my Tesla affect insurance costs?
The age of your Tesla can influence your insurance costs. Older Tesla models tend to have lower premiums due to depreciation, but they may lack the latest safety features, which can slightly increase the rates. Conversely, newer models often have higher premiums because they are more expensive to repair or replace.
Resources & Methodology
Sources
- Insurance Information Institute. “Facts + Statistics: Teen Drivers.” Accessed March 2026.
- National Insurance Crime Bureau (NICB). “2023 Vehicle Theft Trends Report.” Accessed March 2026.
Methodology
CarInsurance.com commissioned Quadrant Information Services to get car insurance rates. The rates are based on the sample profiles of 18 and 40-year-old male drivers carrying full coverage policies with limits of 100/300/100 and 0 collision and comprehensive deductibles. Read the detailed methodology for more information.
Still have a question? Ask our experts
Get advice from an experienced insurance professional. Our experts will help you navigate your insurance questions with clarity and confidence.
Browse all FAQs
We're not here to sell you a policy. Instead, we empower you to choose wisely by offering real-world insights and support. Everything we create is built on trust, transparency and a commitment to clarity so that you can move forward with confidence every step of the way. We help you make smarter decisions — quickly, clearly and on your terms. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.