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
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.
Rates vary by model year and insurer. State Farm is cheapest for minimum coverage at $122 a month. The Hartford charges the most at $218. For full coverage, UAIC is lowest at $225 and AIG highest at $454. That's a $96 difference on minimum and $229 on full.
| 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?
Among 199 sedans, the Tesla Model S ranks 168th for insurance affordability. It's a few dollars a month more than a Bentley Flying Spur and a few less than a Bentley Azure.
Across all 827 vehicles in MoneyGeek's database, the Model S ranks 706th, putting it in the most expensive quarter overall. The Saturn S-Series is the cheapest sedan to insure, and the Cadillac CTS-V is the most expensive.
| 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
Minimum coverage on a Tesla Model S is $62 a month in Wyoming and $276 in Louisiana. The gap reflects each state's risk profile and regulations, not the car.
| 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
Full coverage on a 2025 Tesla Model S costs $378 a month for a driver 35 to 55. The same driver pays $259 on a 2016 model, which is a 46% difference driven by model year alone. Teen and young adult drivers pay more across every model year.
Kemper is the cheapest insurer for the Tesla Model S across all model years, with rates well below the average.
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
Use these strategies to help you reduce your Tesla Model S insurance premiums:
- 1Choose the right coverage
Coverage needs depend on how you own the car.
Own it outright (lower cost):
- State minimum liability requirements
- Comprehensive and collision with a $1,000 deductible
Own it outright (more coverage):
- $100,000/$300,000/$100,000 liability coverage
- Comprehensive and collision with a $500 deductible
Financing or leasing:
- $100,000/$300,000/$100,000 liability coverage
- Comprehensive and collision with a $500 deductible
- Gap insurance (most lenders require this)
- 2Research costs and cheap companies
Check average auto insurance costs for luxury electric vehicles before you shop. That number tells you whether a quote is competitive. Use it alongside a list of the cheapest car insurance companies to spot a real deal.
- 3Look for more than just low rates
Price isn't everything with car insurance. Check J.D. Power satisfaction ratings, Better Business Bureau complaints and AM Best financial stability scores. Forum reviews on claims handling are worth reading too. A cheap policy with slow or disputed claims can cost more than a slightly higher premium from a reliable insurer.
- 4Check discounts you qualify for
Check every car insurance discount before buying. Tesla Model S owners commonly qualify for safety features discounts, good driver discounts, bundling discounts and low-mileage discounts, all of which matter more at the Model S's price point.
- 5Consider alternative car insurance types
Usage-based programs like Progressive Snapshot or Allstate Drivewise track your driving and lower premiums for safe habits. Low-mileage drivers (including remote workers) see the biggest savings.
- 6Check rates every year
Get car insurance quotes from multiple companies each year. Insurers don't tell you when competitors drop their prices. Annual comparisons can save up to 24%, so set a reminder at each renewal.
Tesla Model S Insurance Cost: Bottom Line
The Model S costs more than average to insure, but the gap between the cheapest and most expensive insurer is wide enough that comparing quotes, stacking discounts and choosing the right coverage level all make a measurable difference.
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?
Repair costs are the biggest factor because specialized EV parts and proprietary technology make the Model S expensive to fix. Its high market value also raises theft-related coverage costs. The Model S's safety features work the other way, pulling premiums down. Your driving record, credit score and coverage level all affect your final rate.
How can I lower Tesla Model S insurance costs?
Compare quotes from at least three insurers because Model S pricing varies more between companies than most vehicles because of its repair costs. Ask about usage-based programs that track your driving. Claim every available discount, bundle with other policies and keep your record clean.
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.
Who We Based These Rates On
Our baseline is a 40-year-old unmarried male with a clean record, good credit, no prior claims, a valid license with no suspensions and about 12,000 miles driven a year.
Coverage Definitions
- Minimum coverage: State-required liability limits
- Full coverage: $100,000/$300,000/$100,000 liability with comprehensive and collision coverage and a $1,000 deductible
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he has produced original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
He covers economics and insurance at MoneyGeek, and his work has been featured in The Washington Post, The New York Times and NPR, among other outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data. No insurance company partnership influences his recommendations.
Fitzpatrick earned his degrees from Johns Hopkins University (M.A. Economics and International Relations) and Boston College (B.A.). He began his career in financial risk management at State Street. He's also a five-time “Jeopardy!” champion.