Tesla Insurance Cost — Average Rates by Model
Tesla leads the electric vehicle revolution with cutting-edge technology and impressive performance. Insurance costs are notably higher due to expensive battery and body repairs, specialized service requirements, and high-performance capabilities.
Get a Tesla Insurance Quote$2,850/yr
Average Annual Cost
United States
Country of Origin
5
Models Compared
$2,580/yr
Cheapest (Model 3)
About Tesla Insurance
Tesla leads the electric vehicle revolution with cutting-edge technology and impressive performance. Insurance costs are notably higher due to expensive battery and body repairs, specialized service requirements, and high-performance capabilities.
Insurance costs for Tesla vehicles range from $2,580/yr for the Model 3 (Electric Sedan) to $3,280/yr for the Model X (Electric Luxury SUV). The model you choose is one of the biggest factors — a Model 3 can save you $700 per year compared to a Model X.
Frequently Asked Questions
How much does Tesla insurance cost on average?
The average Tesla insurance premium is $2,850/yr. Costs range from $2,580/yr for the Model 3 to $3,280/yr for the Model X, depending on the model, year, and your personal driving profile.
What is the cheapest Tesla to insure?
The Tesla Model 3 is typically the cheapest to insure at an average of $2,580/yr. Its electric sedan classification, 5/5 NHTSA safety rating, and low theft risk all contribute to lower premiums.
What is the most expensive Tesla to insure?
The Tesla Model X has the highest average insurance cost at $3,280/yr. As a electric luxury suv, it has higher repair costs and replacement value, which drives up premiums.
Does Tesla's safety rating affect insurance?
Yes. Tesla vehicles generally earn strong safety ratings, which can qualify you for insurance discounts. Models with IIHS Top Safety Pick+ ratings may see lower premiums compared to vehicles with lower ratings.
How can I save on Tesla insurance?
Compare quotes from multiple carriers (Truvo compares 40+ for free), choose a model with lower insurance costs, maintain a clean driving record, bundle your auto and home policies, and ask about available discounts like safe driver or anti-theft device discounts.
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