Tesla Model S Insurance Cost
The Tesla Model S is a electric luxury sedan with an average insurance cost of $3,150/yr. It carries a 5/5 NHTSA safety rating and medium theft risk. See how costs break down by year below.
Quote My Model S$3,150/yr
Avg. Annual Insurance
5/5 NHTSA
Safety Rating
Medium
Theft Risk
Electric Luxury Sedan
Body Type
Insurance Cost by Year — Tesla Model S
About Tesla Model S Insurance
The Tesla Model S is a popular electric luxury sedan that averages $3,150/yr in annual insurance premiums. This places it above the national average of approximately $1,770 per year.
With a 5/5 NHTSA safety rating, the Model S is considered a very safe vehicle by insurers. Strong safety ratings can qualify you for discounts with many carriers. The medium theft risk also has a moderate impact on comprehensive coverage costs.
Insurance costs vary by model year — newer Model Ss (2026-2025) cost about 5-10% more due to higher replacement values, while older models (2020-2021) can be 10-15% cheaper as they depreciate.
Frequently Asked Questions
How much does Tesla Model S insurance cost?
The average insurance cost for a Tesla Model S is $3,150/yr. Actual rates vary based on your model year, driving record, location, and coverage levels. Newer model years cost 5-10% more while older years can be 5-15% cheaper.
Is the Tesla Model S expensive to insure?
Compared to the national average of about $1,770/yr, the Tesla Model S at $3,150/yr is above average in insurance cost. As a electric luxury sedan, it falls within the typical range for its class.
What is the Tesla Model S's safety rating?
The Tesla Model S has a 5/5 NHTSA safety rating. Strong safety ratings can help lower your insurance premiums, as vehicles with better crash protection result in fewer and less severe injury claims.
Is the Tesla Model S a theft target?
The Tesla Model S has a medium theft risk rating. Moderate theft risk means comprehensive coverage is reasonably priced. Anti-theft devices may still qualify you for discounts.
How can I get cheap Tesla Model S insurance?
Compare quotes from multiple carriers (Truvo compares 40+ for free), consider a higher deductible, maintain a clean driving record, bundle auto and home insurance, and ask about discounts for safety features, good student status, or low mileage.
Get Your Tesla Model S Insurance Quote
Your actual rate depends on your specific Model S, your driving history, where you live, and the coverage you choose. Compare quotes from 40+ carriers in minutes.
Compare Model S Insurance Rates