Tesla Model S Car Insurance Quotes (2025)
Tesla Model S drivers spend an average of $303 per month for full-coverage insurance, but costs vary based on a range of factors.
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Table of contents
The average monthly cost of full-coverage insurance for a Tesla Model S, depending on the vehicle model year, ranges from $281 to $305.
Various factors related to your driving situation affect your car insurance rates, including your age, ZIP code, coverage type, garaging address, marital status, driving record, credit history, vehicle safety features, discount eligibility, and more.[1]
Here’s what you should know about auto insurance for your Tesla Model S, including average costs and coverage options.
Quick Facts
Tesla’s electric vehicles come with more expensive auto insurance premiums than many standard gas-powered vehicles.
USAA and GEICO offer the cheapest average rates for Tesla Model S drivers.
The average cost of full-coverage insurance for a Tesla Model S varies by model year, with average rates ranging from $298 for the 2019 model to $305 for the 2025 model.
Cost of Tesla Model S insurance by model year
Tesla Model S insurance costs an average of $303 per month for full-coverage insurance.
USAA and GEICO offer some of the cheapest rates for 2025 Tesla Model S drivers, with average full-coverage rates of $187 and $221 per month, respectively.
Below, you can compare average monthly quotes for full-coverage insurance for the Tesla Model S by model year.
Model Year  | Average Monthly Quote |
|---|---|
| 2025 | $305 |
| 2024 | $290 |
| 2023 | $267 |
| 2022 | $262 |
| 2021 | $257 |
| 2020 | $248 |
| 2019 | $298 |
Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
USAA and GEICO have the cheapest average full-coverage insurance rates for the 2025 Tesla Model S, the most recent model year. The 2025 Tesla Model S has a high starting MSRP of $81,880. Drivers of the 2025 model will likely pay higher premiums than vehicle owners with older models.
Here are the average monthly full-coverage insurance quotes for the 2025 Tesla Model S from different insurance companies.
Insurance CompanyAverage Monthly QuoteUSAA $187 GEICO $221 State Farm $223 CSAA $240 Allstate $248 Progressive $276 American Family $293 Nationwide $342 Clearcover $348 Travelers $361 The General $403 Liberty Mutual $469 Amica $518 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
USAA, GEICO, and State Farm are the cheapest average insurance companies for the 2024 Tesla Model S. With a starting MSRP of $76,630, the 2024 Tesla Model S likely comes with higher car insurance premiums than older models.
Below, you can compare average full-coverage quotes from different insurance companies.
Insurance CompanyAverage Monthly QuoteUSAA $185 GEICO $219 State Farm $221 CSAA $238 Allstate $245 Progressive $273 American Family $290 Nationwide $339 Clearcover $344 Travelers $357 The General $398 Liberty Mutual $464 Amica $512 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
USAA offers the cheapest average rates to drivers with a 2023 Tesla Model S, followed by GEICO. The vehicle has an MSRP of $74,990. With a high-value vehicle, drivers will likely find higher costs to insure the 2023 model of this vehicle than older models.
The table below provides a breakdown of the average full-coverage costs for the 2023 Tesla Model S by insurance company.
Insurance CompanyAverage Monthly QuoteUSAA $179 GEICO $211 State Farm $213 CSAA $229 Allstate $237 Progressive $264 American Family $280 Nationwide $327 Clearcover $332 Travelers $345 The General $385 Liberty Mutual $448 Amica $495 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
USAA and GEICO offer the lowest average costs to insure the 2022 Tesla Model S, which has an MSRP of $106,400.
The following table highlights the different average full-coverage car insurance rates across insurers.
Insurance CompanyAverage Monthly QuoteUSAA $158 GEICO $186 State Farm $188 CSAA $202 Allstate $208 Progressive $232 American Family $247 Nationwide $288 Clearcover $293 The General $339 Liberty Mutual $395 Amica $436 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
The 2021 Tesla Model S has an MSRP of $96,440. USAA and GEICO have the cheapest average rates for this model year. Compare average full-coverage quotes below.
Insurance CompanyAverage Monthly QuoteUSAA $133 GEICO $157 State Farm $159 CSAA $171 Allstate $176 Progressive $196 American Family $208 Nationwide $243 Clearcover $247 The General $286 Liberty Mutual $333 Amica $368 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
USAA has the cheapest average coverage for the 2020 Tesla Model S, which has an MSRP of $70,620. As the vehicle ages, insurance costs will likely decrease.
The table below breaks down the average cost of full-coverage insurance by insurer.
Insurance CompanyAverage Monthly QuoteUSAA $161 State Farm $185 GEICO $191 Allstate $224 Progressive $235 American Family $280 Nationwide $299 Travelers $318 Liberty Mutual $322 Farmers $400 The General $402 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Since older vehicles lose value over time, insurance companies offer cheaper rates for the 2019 Tesla Model S. This car has an MSRP of $76,200.
The table below highlights the average price of a full-coverage auto policy for this electric car from different insurance companies.
Insurance CompanyAverage Monthly QuoteUSAA $154 State Farm $177 GEICO $183 Allstate $214 Progressive $225 American Family $268 Nationwide $286 Travelers $305 Liberty Mutual $308 Farmers $383 The General $385 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Average cost of Tesla Model S car insurance by state
The state you live in, and even your ZIP code, can affect how much you pay for car insurance for your Tesla Model S. Insurance companies consider location-based risk factors — including population density, climate, vehicle theft rates, accident rates, and more — when determining your car insurance premium.
Below, you can compare average full-coverage insurance quotes for the Tesla Model S by state.
Average Monthly Rate by State
State | Average Monthly Quote |
|---|---|
| Alabama | $215 |
| Arizona | $267 |
| Arkansas | $398 |
| California | $409 |
| Colorado | $334 |
| Connecticut | $570 |
| Delaware | $325 |
| Florida | $368 |
| Georgia | $369 |
| Idaho | $198 |
| Illinois | $261 |
| Indiana | $215 |
| Iowa | $189 |
| Kansas | $249 |
| Kentucky | $374 |
| Louisiana | $357 |
| Maine | $232 |
| Maryland | $522 |
| Massachusetts | $299 |
| Michigan | $448 |
| Minnesota | $299 |
| Mississippi | $317 |
| Montana | $250 |
| Missouri | $299 |
| North Dakota | $221 |
| Nebraska | $288 |
| New Hampshire | $185 |
| Nevada | $451 |
| New Jersey | $282 |
| New Mexico | $249 |
| New York | $669 |
| North Carolina | $140 |
| Ohio | $197 |
| Oklahoma | $267 |
| Oregon | $244 |
| Pennsylvania | $264 |
| South Carolina | $412 |
| South Dakota | $203 |
| Tennessee | $233 |
| Texas | $361 |
| Utah | $275 |
| Virginia | $282 |
| Washington | $224 |
| District of Columbia | $409 |
| Vermont | $232 |
| West Virginia | $233 |
| Wisconsin | $209 |
| Wyoming | $204 |
Source: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile. Insufficient data is available to show results for Alaska and Hawaii.
How to ensure you have enough coverage on your Tesla Model S
As you build out an insurance policy that suits your needs, consider the following most common types of coverage:
Bodily injury liability coverage
If you cause injuries to another driver and their passengers during an accident, bodily injury liability coverage can help you pay for the other party’s medical bills. Most drivers must meet state minimums of this coverage type to drive legally.
Property damage liability coverage
If you cause damage during an incident, property damage liability coverage pays for repairs to other people’s property up to your insurance policy limit.
Collision coverage
If you want help paying for repairs to your vehicle after an accident, consider collision coverage. A collision policy might pay to repair or replace your vehicle, depending on the situation.
Comprehensive coverage
If your vehicle incurs damage from something other than an accident, like a fallen tree or flooding event, comprehensive coverage can help pay to repair or replace your vehicle. It’s one of the best car insurance options for drivers seeking more robust coverage for their vehicles and can afford higher insurance rates.[2]
Tesla Model S car insurance FAQs
If you have remaining questions about Tesla auto insurance premiums, find more answers below.
USAA offers the cheapest rates for Tesla Model S insurance, but the company only sells coverage to military members. GEICO usually offers the next cheapest car insurance for Tesla Model S drivers.
Shopping around with other large insurance companies to compare different rates available for your situation is the best way to lock in low rates for Tesla insurance, even if that means changing from your current insurance company.
Yes. Compared to the national average liability-only policy cost of $107 per month and $1,280 per year, the Tesla Model S is expensive to insure.
But your cost will vary based on your location and vehicle details — like if you have past traffic violations or a clean driving history. For example, a single-car policy might make it more expensive to insure the vehicle than bundling it into a bill with other insurance products, like a home policy, umbrella policy, life insurance policy, or boat insurance policy.
The average cost of liability car insurance is $143 per month for a Tesla Model S. For a full-coverage car insurance policy, the average car insurance cost is $339 per month. But the details of your vehicle information and claims from your previous policy matter.
For example, drivers of older models typically find lower car insurance quotes than people with newer models. In most states, insurance companies will also consider your credit history, awarding lower premiums to people with good credit.
A full-coverage insurance policy — which includes comprehensive and collision coverages — should cover hail damage.
Reach out to your insurance company’s customer service team for more information about the specific conditions of your policy contract.[3] Experienced agents should get you the answer about your specific policy quickly and may have recommendations or advice on how to file a claim.
Methodology
Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 500+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.
Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).
Liability-only premium averages correspond to policies with the following coverage limits:
- Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
- Property damage limits between $10,000 and $50,000
- No additional coverage
- Comprehensive coverage with a $1,000 deductible
- Collision coverage with a $1,000 deductible
Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
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Sources
- Insurance Information Institute. "What determines the price of an auto insurance policy?."
- Insurance Information Institute. "Insurance Handbook: Auto Insurance Basics."
- Insurance Information Institute. "Auto insurance basics—understanding your coverage."
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Sarah SharkeyInsurance Writer
Sarah Sharkey is a personal finance writer who enjoys helping people make savvy financial decisions. She covered insurance and personal finance topics. You can find her work on Business Insider, Money Under 30, Rocket Mortgage, Bankrate, and more. Connect with her on LinkedIn.
Sarah has been a contributor at Insurify since September 2022.
Licensed auto and home insurance agent
3+ years experience in insurance and personal finance editing
NPN: 20564519
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
Featured in
