Tesla Model S Car Insurance Quotes (2026)
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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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.
Newer cars generally have higher insurance costs. For example, the 2025 Model S costs an average of $305 per month to insure, and the 2019 model costs $298 per month — a difference of about 2%.
Below, you can compare average monthly full-coverage quotes 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 is based on real-time quotes from Insurify’s network of 500+ insurance partners. Actual rates may vary depending on the policyholder’s individual profile and coverage needs.
2025 Tesla Model S insurance
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.
USAA and GEICO have the cheapest average full-coverage insurance rates for the 2025 Tesla Model S, the most recent model year. USAA’s rates are 15% lower than GEICO’s. Here are the average monthly full-coverage insurance quotes for the 2025 Tesla Model S from different insurance companies.
Insurance Company | Average Monthly Quote |
|---|---|
| USAA | $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 is based on real-time quotes from Insurify’s network of 500+ insurance partners. Actual rates may vary depending on the policyholder’s individual profile and coverage needs.
2024 Tesla Model S insurance
With a starting MSRP of $76,630, the 2024 Tesla Model S likely comes with higher car insurance premiums than older models.
USAA, GEICO, and State Farm are the cheapest average insurance companies for the 2024 Tesla Model S. They all have monthly rates of less than $225. Below, you can compare average full-coverage quotes from different insurance companies.
Insurance Company | Average Monthly Quote |
|---|---|
| USAA | $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 is based on real-time quotes from Insurify’s network of 500+ insurance partners. Actual rates may vary depending on the policyholder’s individual profile and coverage needs.
2023 Tesla Model S insurance
The 2023 Model S had an MSRP of $74,990. With a high-value vehicle, drivers will likely find higher costs to insure the 2023 model than older models.
USAA offers the cheapest average rates to drivers with a 2023 Tesla Model S, at $179 per month, followed by GEICO, at $211 per month — a difference of about 18%. The table below provides a breakdown of the average full-coverage costs for the 2023 Tesla Model S by insurance company.
Insurance Company | Average Monthly Quote |
|---|---|
| USAA | $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 is based on real-time quotes from Insurify’s network of 500+ insurance partners. Actual rates may vary depending on the policyholder’s individual profile and coverage needs.
2022 Tesla Model S insurance
The 2022 Tesla Model S had an MSRP of $106,400.
State Farm and CSAA have the lowest average costs to insure this model year, with monthly averages of $188 and $202, respectively. Amica has the most expensive rates, at $436 per month. The following table highlights the average full-coverage car insurance rates across insurers.
Insurance Company | Average Monthly Quote |
|---|---|
| USAA | $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 is based on real-time quotes from Insurify’s network of 500+ insurance partners. Actual rates may vary depending on the policyholder’s individual profile and coverage needs.
2021 Tesla Model S insurance
The 2021 Tesla Model S has an MSRP of $96,440.
USAA and GEICO have the cheapest average rates for this model year, at $133 and $157 per month, respectively. USAA’s rates are 18% cheaper than GEICO’s. Compare average full-coverage quotes from other insurance companies for the 2021 Model S in the table below.
Insurance Company | Average Monthly Quote |
|---|---|
| USAA | $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 is based on real-time quotes from Insurify’s network of 500+ insurance partners. Actual rates may vary depending on the policyholder’s individual profile and coverage needs.
2020 Tesla Model S insurance
The 2020 Tesla Model S had an MSRP of $70,620. As a vehicle ages, its insurance costs will likely decrease.
USAA, State Farm, and GEICO have the cheapest insurance rates for the 2020 Model S — all with monthly averages of less than $195. The table below breaks down the average cost of full-coverage insurance by insurer.
Insurance Company | Average Monthly Quote |
|---|---|
| USAA | $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 is based on real-time quotes from Insurify’s network of 500+ insurance partners. Actual rates may vary depending on the policyholder’s individual profile and coverage needs.
2019 Tesla Model S insurance
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.
USAA has the cheapest rates for the 2019 Model S, at $154 per month. The General has the most expensive rates, at $385 per month — a difference of 150%. The table below highlights the average price of a full-coverage auto policy for this electric car from different insurance companies.
Insurance Company | Average Monthly Quote |
|---|---|
| USAA | $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 is based on real-time quotes from Insurify’s network of 500+ insurance partners. Actual rates may vary depending on the policyholder’s individual profile and coverage needs.
Average cost of Tesla 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 across all Tesla models 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 |
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.
Which company has the cheapest Tesla Model S insurance?
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.
Is a Tesla Model S expensive to insure?
Yes. Compared to the national average liability-only policy cost of $98 per month and $1,181 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.
How much does it cost to insure a Tesla Model S?
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.
Does Tesla insurance cover hail damage?
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.
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."
Methodology
Insurify data scientists analyzed more than 250 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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Sarah SharkeyInsurance Writer
7+ years writing insurance and personal finance content
Contributor to top media, including USA Today
Featured in
Ashley CoxSenior Managing Editor
7+ years in content creation and management
5+ years in insurance and personal finance content
Featured in
Katie PowersLicensed P&C Agent, Senior Insurance Editor
Licensed auto and home insurance agent
4+ years experience in insurance and personal finance editing
NPN: 20564519
Featured in