Newer Tesla Model S vehicles cost more to insure than older ones due to higher market values. Monthly premiums range from $393 for 2025 models down to $83 for older Tesla Model S cars.
Tesla Model S Insurance Cost
Updated: January 22, 2026
Key Takeaways
Tesla Model S insurance costs an average of $281 monthly for full coverage and $144 for minimum coverage. Kemper offers the lowest rates at $252 monthly for full coverage on 2025 models. Read more
The Model S ranks 168th out of 199 sedans for insurance affordability, placing it in the more expensive tier of its vehicle class. Among all 827 vehicles analyzed, it ranks 706th overall. Read more
Check rates for your Model S's specific model year to get accurate insurance costs. A 2025 Model S costs $362 monthly for full coverage compared to $198 for a 2016 model. Read more
How Much Is Tesla Model S Insurance?
Looking for another Tesla model? Read more about the cost of Tesla car insurance models.
Costs vary by model year and company. Tesla Model S minimum coverage goes from $122 monthly with State Farm to $218 with The Hartford, while full coverage spans $225 with UAIC to $454 with AIG.
Rates differ by over $96 for minimum coverage and $229 for full coverage, so Model S owners should compare quotes. Companies assess risk differently for each model, which affects your quote.
| AAA | $164 | $341 |
| AIG | $183 | $454 |
| Allstate | $171 | $332 |
| Amica | $163 | $334 |
| Chubb | $162 | $323 |
| Farmers | $216 | $380 |
| Geico | $125 | $271 |
| Kemper | $155 | $325 |
| Nationwide | $146 | $253 |
| Progressive | $157 | $294 |
| State Farm | $122 | $255 |
| The Hartford | $218 | $371 |
| Travelers | $124 | $229 |
| UAIC | $181 | $225 |
Is Tesla Model S Expensive to Insure?
MoneyGeek's analysis of 199 sedans shows the Tesla Model S ranking 168th for insurance affordability, meaning 167 vehicles cost less to insure. It's positioned just a few dollars per month pricier than a Bentley Flying Spur and slightly cheaper than a Bentley Azure, placing it firmly in luxury vehicle territory.
While that's middle-tier among sedans, the Model S ranks 706th out of 827 total vehicles, making it among the pricier models overall. The cheapest sedan to insure is the Saturn S-Series, while the Cadillac CTS-V commands the highest premiums.
| Volvo S90 | $204 | 165 |
| Toyota Mirai | $206 | 166 |
| Bentley Flying Spur | $212 | 167 |
| Tesla Model S | $213 | 168 |
| Bentley Azure | $214 | 169 |
| Cadillac ATS-V | $221 | 170 |
| Bentley Mulsanne | $221 | 171 |
What affects your Tesla Model S insurance costs:
- Average Repair or Replacement Costs: Tesla Model S repair costs average $1,407 annually, making it the third most affordable Tesla model to maintain out of six available models.
- Vehicle Trim, Features and Accessories: Horsepower ranges from 670 to 1,020 depending on your trim. Higher-performance variants cost much more to insure due to their extreme power output.
- Driver Profile: Tesla Model S attracts drivers aged 40 to 50 with higher incomes, which can lower rates. But the vehicle's performance reputation draws risk-taking behaviors that concern insurers. Read more about the costs of a Tesla Model S for young drivers.
Tesla Model S Insurance Cost by State
Tesla Model S insurance costs range from $62 monthly in Wyoming to $276 in Louisiana for minimum coverage, depending on where you're located. These dramatic differences stem from your state's risk characteristics and insurance regulations rather than the vehicle model itself.
| Alabama | $123 | $235 |
| Alaska | $106 | $224 |
| Arizona | $169 | $314 |
| Arkansas | $119 | $264 |
| California | $140 | $284 |
| Colorado | $134 | $324 |
| Connecticut | $191 | $326 |
| Delaware | $179 | $300 |
| Florida | $166 | $389 |
| Georgia | $187 | $313 |
| Hawaii | $73 | $166 |
| Idaho | $76 | $155 |
| Illinois | $137 | $258 |
| Indiana | $89 | $174 |
| Iowa | $86 | $208 |
| Kansas | $105 | $245 |
| Kentucky | $168 | $286 |
| Louisiana | $276 | $583 |
| Maine | $76 | $157 |
| Maryland | $212 | $357 |
| Massachusetts | $145 | $307 |
| Michigan | $218 | $419 |
| Minnesota | $119 | $248 |
| Mississippi | $142 | $278 |
| Missouri | $179 | $355 |
| Montana | $113 | $272 |
| Nebraska | $102 | $234 |
| Nevada | $222 | $404 |
| New Hampshire | $104 | $185 |
| New Jersey | $227 | $377 |
| New Mexico | $128 | $286 |
| New York | $159 | $285 |
| North Carolina | $105 | $206 |
| North Dakota | $91 | $198 |
| Ohio | $107 | $208 |
| Oklahoma | $129 | $287 |
| Oregon | $150 | $262 |
| Pennsylvania | $135 | $313 |
| Rhode Island | $175 | $313 |
| South Carolina | $138 | $257 |
| South Dakota | $82 | $252 |
| Tennessee | $114 | $230 |
| Texas | $169 | $344 |
| Utah | $139 | $236 |
| Vermont | $71 | $166 |
| Virginia | $139 | $223 |
| Washington | $124 | $231 |
| West Virginia | $134 | $268 |
| Wisconsin | $96 | $213 |
| Wyoming | $62 | $187 |
Tesla Model S Costs by Model Year and Insurance Company
A 35- to 55-year-old driver pays $378 monthly for full coverage on a 2025 Tesla Model S compared to just $259 for a 2016 model. Your Tesla Model S insurance costs shift by up to 46% depending on model year and driver age, with newer vehicles commanding much higher premiums. Teen and young adult drivers pay higher rates across all model years.
Kemper offers the cheapest Tesla Model S insurance across all model years and could save you hundreds monthly compared to average rates.Â
Older models (2016 to 2020):
Cost of Car Insurance for 2025 Tesla Model S
| Kemper | $123 | $252 |
| National General | $131 | $269 |
| Nationwide | $143 | $250 |
| Travelers | $148 | $274 |
| State Farm | $164 | $345 |
| UAIC | $176 | $219 |
| Progressive | $180 | $337 |
| Geico | $196 | $427 |
| Chubb | $212 | $427 |
| AAA | $214 | $447 |
| Amica | $225 | $463 |
| AIG | $229 | $578 |
| Allstate | $229 | $446 |
| The Hartford | $250 | $427 |
| Farmers | $291 | $512 |
Cost of Car Insurance for 2024 Tesla Model S
| Kemper | $111 | $228 |
| National General | $119 | $243 |
| Nationwide | $130 | $226 |
| Travelers | $134 | $248 |
| State Farm | $148 | $313 |
| UAIC | $159 | $199 |
| Progressive | $163 | $305 |
| Geico | $177 | $386 |
| Chubb | $192 | $387 |
| AAA | $194 | $405 |
| Amica | $204 | $419 |
| AIG | $207 | $524 |
| Allstate | $208 | $403 |
| The Hartford | $227 | $386 |
| Farmers | $264 | $464 |
Cost of Car Insurance for 2023 Tesla Model S
| Kemper | $94 | $194 |
| National General | $101 | $206 |
| Nationwide | $110 | $192 |
| Travelers | $114 | $211 |
| State Farm | $126 | $265 |
| UAIC | $135 | $168 |
| Progressive | $138 | $258 |
| Geico | $150 | $328 |
| Chubb | $162 | $328 |
| AAA | $164 | $343 |
| Amica | $173 | $355 |
| AIG | $176 | $444 |
| Allstate | $176 | $342 |
| The Hartford | $192 | $328 |
| Farmers | $224 | $393 |
Cost of Car Insurance for 2022 Tesla Model S
| State Farm | $100 | $210 |
| National General | $101 | $207 |
| Travelers | $112 | $207 |
| Geico | $119 | $259 |
| Progressive | $121 | $226 |
| Nationwide | $128 | $223 |
| UAIC | $138 | $175 |
| Kemper | $145 | $315 |
| Allstate | $156 | $304 |
| AAA | $158 | $330 |
| Chubb | $163 | $329 |
| The Hartford | $176 | $300 |
| Amica | $176 | $362 |
| AIG | $178 | $451 |
| Farmers | $202 | $352 |
Cost of Car Insurance for 2021 Tesla Model S
| National General | $147 | $302 |
| Geico | $169 | $367 |
| Travelers | $176 | $324 |
| State Farm | $177 | $370 |
| The Hartford | $188 | $320 |
| Nationwide | $200 | $347 |
| Kemper | $208 | $429 |
| Allstate | $211 | $410 |
| Progressive | $212 | $399 |
| AAA | $221 | $458 |
| Chubb | $228 | $458 |
| Amica | $231 | $475 |
| UAIC | $251 | $315 |
| AIG | $254 | $632 |
| Farmers | $298 | $527 |
Cost of Car Insurance for 2020 Tesla Model S
| National General | $120 | $246 |
| Geico | $137 | $299 |
| Travelers | $144 | $264 |
| State Farm | $144 | $301 |
| The Hartford | $153 | $260 |
| Nationwide | $163 | $282 |
| Kemper | $169 | $349 |
| Allstate | $172 | $334 |
| Progressive | $172 | $324 |
| AAA | $180 | $373 |
| Chubb | $186 | $373 |
| Amica | $188 | $387 |
| UAIC | $205 | $256 |
| AIG | $207 | $514 |
| Farmers | $243 | $429 |
Cost of Car Insurance for 2019 Tesla Model S
| National General | $102 | $210 |
| State Farm | $120 | $250 |
| Geico | $129 | $281 |
| Travelers | $132 | $244 |
| Progressive | $144 | $270 |
| Nationwide | $162 | $281 |
| AAA | $168 | $350 |
| Chubb | $170 | $342 |
| UAIC | $172 | $218 |
| Kemper | $173 | $373 |
| Amica | $178 | $367 |
| Allstate | $183 | $356 |
| AIG | $196 | $494 |
| The Hartford | $210 | $359 |
| Farmers | $219 | $382 |
Cost of Car Insurance for 2018 Tesla Model S
| National General | $93 | $191 |
| State Farm | $111 | $232 |
| Geico | $116 | $251 |
| Travelers | $118 | $217 |
| Progressive | $139 | $261 |
| Nationwide | $143 | $247 |
| Chubb | $152 | $305 |
| AAA | $154 | $320 |
| Kemper | $156 | $330 |
| Amica | $157 | $322 |
| Allstate | $167 | $324 |
| UAIC | $169 | $212 |
| AIG | $174 | $437 |
| Farmers | $201 | $352 |
| The Hartford | $210 | $358 |
Cost of Car Insurance for 2017 Tesla Model S
| National General | $90 | $183 |
| Geico | $108 | $235 |
| Travelers | $110 | $202 |
| State Farm | $111 | $231 |
| Nationwide | $129 | $224 |
| Amica | $140 | $288 |
| Chubb | $142 | $283 |
| Kemper | $147 | $301 |
| Progressive | $149 | $279 |
| AAA | $151 | $312 |
| Allstate | $161 | $313 |
| AIG | $162 | $398 |
| UAIC | $185 | $231 |
| Farmers | $198 | $347 |
| The Hartford | $237 | $404 |
Cost of Car Insurance for 2016 Tesla Model S
| National General | $82 | $169 |
| Geico | $100 | $216 |
| Travelers | $101 | $186 |
| State Farm | $102 | $213 |
| Nationwide | $119 | $206 |
| Amica | $129 | $265 |
| Chubb | $131 | $260 |
| Kemper | $135 | $277 |
| Progressive | $137 | $257 |
| AAA | $138 | $287 |
| Allstate | $148 | $287 |
| AIG | $149 | $366 |
| UAIC | $170 | $212 |
| Farmers | $182 | $319 |
| The Hartford | $218 | $371 |
Tesla Model S Insurance Cost by Trim
Tesla Model S insurance costs differ substantially by trim, from $393 monthly for full coverage on high-performance Plaid variants down to $83 for minimum coverage on basic models like the 70 Sedan 4d. Your trim's performance features and market value determine where you'll fall in this range.
| 70 Sedan 4d | $83 | $161 |
| 70d Sedan 4d | $96 | $186 |
| 75 Sedan 4d | $105 | $204 |
| 60 Sedan 4d | $112 | $217 |
| 85 Sedan 4d | $118 | $229 |
| 90d Sedan 4d | $121 | $234 |
| Standard Sedan 4d | $123 | $239 |
| Sedan 4d | $124 | $241 |
| 75d Sedan 4d | $124 | $242 |
| 100d Sedan 4d | $130 | $252 |
| 60d Sedan 4d | $134 | $259 |
| P90d Sedan 4d | $137 | $265 |
| 85d Sedan 4d | $141 | $273 |
| Long Range Sedan 4d | $145 | $283 |
| Model S | $152 | $299 |
| P85d Sedan 4d | $156 | $303 |
| Long Range Plus Sedan 4d | $161 | $315 |
| Performance Sedan 4d | $163 | $318 |
| Standard | $169 | $332 |
| P100d Sedan 4d | $172 | $335 |
| Plaid Sedan 4d | $180 | $352 |
| Model S Plaid | $182 | $357 |
| Signature Sedan 4d | $193 | $376 |
| P85 Sedan 4d | $199 | $386 |
| Plaid | $200 | $393 |
| Signature Performance Sedan 4d | $200 | $390 |
How to Lower the Cost of Tesla Model S Insurance
We've compiled proven strategies to help you reduce your Tesla Model S insurance premiums:
- 1Choose the right coverage
You'll need to figure out how much coverage to buy for your Tesla Model S. Own your vehicle? Get your state's minimum liability plus comprehensive and collision with a $1,000 deductible to lower premiums. Want enhanced protection? Consider 100/300/100 liability with comprehensive and collision at a $500 deductible. Financing or leasing requires 100/300/100 liability limits, comprehensive and collision with a $500 deductible, plus gap insurance.
- 2Research costs and cheap companies
Learn what you should pay by reviewing average auto insurance costs for luxury electric vehicles. Use this benchmark to find the cheapest car insurance companies offering competitive rates for Tesla owners in tech hubs like Silicon Valley.
- 3Look for more than just low rates
Find quality car insurance by evaluating insurers beyond their quotes. Check J.D. Power satisfaction ratings, examine forum feedback on claims processing, review Better Business Bureau complaints and confirm AM Best financial stability. Budget options might offer limited coverage or slower service when you need claims handled quickly.
- 4Explore discounts you qualify for
Discover car insurance discounts that apply to your situation. Tesla Model S owners often qualify for safety features discounts, good driver discounts, bundling discounts and low mileage discounts. These savings can reduce your premium costs, especially in expensive markets like Manhattan's financial district.
- 5Consider alternative car insurance types
Tesla Model S owners could explore usage-based insurance programs like Progressive Snapshot or Allstate Drivewise that track safe driving habits and cut premiums. These telematics programs work well for drivers with short commutes or those working remotely in areas like Austin's tech corridor.
- 6Check rates every year
Get car insurance quotes from several companies annually. Your insurer doesn't notify you when competitors lower their prices, so yearly comparisons could save up to 24% on your Tesla Model S insurance. Rate changes happen frequently, so shop around regularly to maintain the best deal.
Tesla Model S Insurance Cost: Bottom Line
Tesla Model S insurance costs more than average, but you'll find decent rates with some effort. Compare quotes from multiple insurers, claim available discounts and adjust your coverage options to get the best rate.
Tesla Model S Insurance Rates: FAQ
What is the average cost of car insurance for a Tesla Model S?
Tesla Model S insurance averages $1,732 annually for state minimum coverage and $3,372 for full coverage. These rates position the Model S as a moderately expensive vehicle to insure.
What company has the cheapest car insurance for a Tesla Model S?
State Farm provides the most affordable minimum coverage for a Tesla Model S at $1,468 annually. UAIC offers the best value for full coverage at $2,704 per year.
Are Tesla Model Ss expensive to insure?
Yes, Tesla Model S insurance costs more than most vehicles to insure. This model ranks 706th out of 827 vehicles for affordability, placing it among the pricier options within the sedan category at 168th out of 199.
What factors affect insurance costs for Tesla Model Ss?
Various elements affect Tesla Model S insurance rates. High repair costs stem from specialized electric vehicle parts and advanced technology, though safety features help reduce premiums. The vehicle's substantial market value increases theft coverage costs, while your driving record, credit score and chosen coverage levels impact your final rates.
How can I lower Tesla Model S insurance costs?
Compare quotes from multiple insurers since Tesla Model S pricing differs between companies, and explore usage-based programs that monitor your driving habits. Claim available discounts, bundle with other policies and keep your driving record clean to secure better rates.
How We Determined Tesla Model S Insurance Costs
We analyzed hundreds of millions of quote estimates for U.S. vehicle models from 2000 to 2025 to provide the most accurate Tesla Model S insurance costs.
Who We Based These Rates On
These Tesla Model S rates reflect what an average driver pays:
- Age 40, unmarried male
- Clean record: no tickets or crashes
- Credit score in a good range
- Has never made an insurance claim
- Puts about 12,000 miles on the odometer yearly
- Has a valid driver's license with no suspensions on record
Coverage Definitions
- Minimum coverage: State-required liability limits
- Full coverage: 100/300/100 liability + comprehensive/collision with $1,000 deductibles
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.