Tesla Model S Car Insurance Cost
To insure a Tesla Model S, it typically costs about $1,517 per year through Capital Insurance Group. However, these expenses can vary based on factors such as age, the vehicle’s model year, and other considerations. You can utilize our quote tables below to determine the estimated cost tailored to your circumstances.
We’ve saved shoppers an average of $600 per year on their car insurance.
If you’re thinking about buying a Tesla Model S, you’ll need to consider the insurance costs. Insurance is a crucial aspect of owning a car, and it’s essential to understand its implications before making a purchase.
Choosing the right car insurance policy is vital to avoid unexpected and potentially high expenses in the future. Insufficient coverage in the event of an accident can leave you with significant out-of-pocket costs. Additionally, there’s the risk of premium increases if you’re found at fault in an accident.
Having analyzed car insurance rates for over a decade, I’ve observed how much these costs can vary. Factors like your age, driving history, and location can all have a substantial impact on your insurance premiums.
How Much Does Tesla Model S Car Insurance Cost?
Typically, Capital Insurance Group provides the most competitive pricing, averaging around $1,517 annually for comprehensive insurance coverage on a 2023 Tesla Model S.
While the rate offered by Capital Insurance Group serves as a good reference point, it’s crucial to recognize that car insurance expenses can vary significantly based on several factors. These factors include your geographical location, driving record, the age of your vehicle, and the specific coverage options you select. Maintaining a clean driving history can result in lower premiums, whereas a record of accidents or traffic violations may lead to higher costs.
Moreover, residing in urban areas with heavy traffic may result in higher insurance rates compared to rural regions with less traffic congestion. The level of coverage you opt for also plays a role in determining your premium amount. Comprehensive insurance, which encompasses both collision and comprehensive coverage, tends to be pricier than minimum liability coverage.
Insuranceopedia offers assistance in comparing quotes from different insurance providers to ensure that you secure the most advantageous deal for your needs.
2023 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Capital Insurance Group | $1,517 |
| California Capital | $2,339 |
| USAA | $3,096 |
| 21st Century | $3,228 |
| Oregon Mutual | $3,364 |
| Esurance | $3,549 |
| State Farm | $4,460 |
| Mercury | $4,606 |
| Alliance United | $4,692 |
| Hartford | $4,906 |
2022 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Safeco | $959 |
| Titan | $1,077 |
| Kemper Auto Premium | $1,153 |
| Texas Farm Bureau Group | $1,302 |
| Mercury Insurance | $1,350 |
| Farmers Mutual of Nebraska | $1,470 |
| Dairyland Auto | $1,493 |
| Capital Insurance Group | $1,597 |
| Virginia Farm Bureau | $1,580 |
| Indiana Farmers Mutual Ins | $1,606 |
2021 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Capital Insurance Group | $1,099 |
| Titan | $1,205 |
| Farm Bureau Mutual (IA Group) | $1,383 |
| North Carolina Farm Bureau | $1,397 |
| American National P | $1,491 |
| GMAC Insurance Group | $1,618 |
| Virginia Farm Bureau | $1,664 |
| Penn National | $1,919 |
| Indiana Farmers Mutual Ins | $1,958 |
| Texas Farm Bureau Group | $2,020 |
2020 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Indiana Farmers Mutual Ins | $998 |
| Hastings Mutual Insurance Co | $1,073 |
| Pekin Insurance | $1,113 |
| Grange Mutual | $1,228 |
| American National P | $1,318 |
| Capital Insurance Group | $1,506 |
| Mercury Insurance | $1,711 |
| Buckeye Insurance Group | $1,769 |
| Direct Auto | $2,001 |
| Westfield | $2,012 |
2019 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Virginia Farm Bureau | $891 |
| Penn National | $1,277 |
| Texas Farm Bureau Group | $1,426 |
| Capital Insurance Group | $1,720 |
| ACCC Insurance Company | $1,864 |
| Pekin Insurance | $2,144 |
| Utica National Ins Group | $2,185 |
| MO Farm Bureau Services | $2,336 |
| Dairyland Auto | $2,372 |
| SAFECO | $2,420 |
2018 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| SAFECO | $504 |
| National General | $738 |
| Texas Farm Bureau Group | $953 |
| Cameron Mutual Group | $1,006 |
| Victoria | $1,213 |
| Capital Insurance Group | $1,254 |
| Mercury Insurance | $1,307 |
| Titan | $1,320 |
| Virginia Farm Bureau | $1,541 |
| North Carolina Farm Bureau | $1,846 |
2017 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Mercury Insurance | $762 |
| Dairyland Scored | $925 |
| Titan | $994 |
| Virginia Farm Bureau | $1,012 |
| SECURA Insurance | $1,086 |
| American National P | $1,216 |
| Texas Farm Bureau Group | $1,290 |
| North Carolina Farm Bureau | $1,498 |
| Cameron Mutual Group | $1,565 |
| Farm Bureau Mutual (IA Group) | $1,699 |
2016 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Mercury Insurance | $704 |
| American National P | $809 |
| SAFECO | $1,004 |
| Virginia Farm Bureau | $1,037 |
| Titan | $1,078 |
| Plymouth Rock | $1,072 |
| Dairyland | $1,091 |
| North Carolina Farm Bureau | $1,403 |
| Kemper Auto | Infinity | $1,515 |
| Erie | $1,524 |
2015 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Mercury Insurance | $599 |
| Texas Farm Bureau Group | $901 |
| American National P | $986 |
| Titan | $1,023 |
| Concord Group | $1,126 |
| Capital Insurance Group | $1,186 |
| Virginia Farm Bureau | $1,206 |
| Indiana Farmers Mutual Ins | $1,222 |
| SAFECO | $1,274 |
| Farm Bureau Mutual (IA Group) | $1,378 |
2014 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| NatGen Custom 360 | $870 |
| Texas Farm Bureau Group | $910 |
| Virginia Farm Bureau | $994 |
| SECURA Insurance | $1,209 |
| SAFECO | $1,207 |
| Mercury Insurance | $1,294 |
| Capital Insurance Group | $1,336 |
| Utica National Ins Group | $1,409 |
| PEMCO | $1,413 |
| Penn National | $1,462 |
2013 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| SAFECO | $308 |
| Mercury Insurance | $895 |
| Texas Farm Bureau Group | $1,041 |
| Virginia Farm Bureau | $1,080 |
| Concord Group | $1,076 |
| SECURA Insurance | $1,196 |
| Indiana Farmers Mutual Ins | $1,233 |
| Utica National Ins Group | $1,282 |
| Penn National | $1,301 |
| New Jersey Manufacturers | $1,325 |
2012 Tesla Model S Insurance Rates
| Insurance Provider | Average Annual Cost |
| Texas Farm Bureau Group | $859 |
| North Carolina Farm Bureau | $942 |
| Utica National Ins Group | $1,007 |
| Erie | $1,141 |
| Penn National | $1,187 |
| Auto-Owners Insurance Co | $1,440 |
| Titan | $1,533 |
| 21st Century | $1,518 |
| Georgia Farm Bureau | $1,565 |
| Farm Bureau Mutual (IA Group) | $1,605 |
Cost of Tesla Model S Car Insurance By Age
| Drive Age | Good Driver | Recent Accident | Poor Credit |
| 17 | $12,277 | $18,032 | $21,098 |
| 18 | $11,456 | $16,793 | $19,652 |
| 19 | $10,125 | $14,848 | $17,400 |
| 20 | $8,828 | $12,946 | $15,169 |
| 21 | $7,408 | $10,859 | $12,710 |
| 22 | $7,191 | $10,567 | $12,362 |
| 23 | $6,301 | $9,246 | $10,839 |
| 24 | $5,999 | $8,813 | $10,274 |
| 25 | $5,151 | $7,575 | $8,896 |
| 30 | $4,035 | $5,901 | $6,911 |
| 35 | $3,771 | $5,552 | $6,480 |
| 40 | $3,614 | $5,321 | $6,220 |
| 45 | $3,545 | $5,197 | $6,043 |
| 55 | $3,235 | $4,733 | $5,572 |
| 65 | $3,395 | $4,956 | $5,811 |
| 75 | $4,248 | $6,255 | $7,322 |
Tesla Model S Car Insurance Rates By State
| State | Good Driver | Recent Accident | Poor Credit |
| Alabama | $3,857 | $5,577 | $7,106 |
| Alaska | $3,171 | $4,412 | $4,275 |
| Arizona | $3,586 | $5,215 | $7,658 |
| Arkansas | $3,939 | $6,189 | $6,831 |
| California | $4,377 | $7,773 | $4,385 |
| Colorado | $4,097 | $5,734 | $7,250 |
| Connecticut | $5,216 | $8,106 | $10,310 |
| Delaware | $4,326 | $5,786 | $7,431 |
| Florida | $5,142 | $7,127 | $9,293 |
| Hawaii | $1,660 | $2,287 | $1,681 |
| Idaho | $2,929 | $3,861 | $4,718 |
| Illinois | $3,036 | $4,595 | $5,256 |
| Indiana | $3,138 | $4,786 | $5,370 |
| Iowa | $2,486 | $3,411 | $4,000 |
| Kansas | $3,297 | $4,821 | $5,636 |
| Kentucky | $4,763 | $6,998 | $8,289 |
| Louisiana | $6,154 | $9,258 | $10,053 |
| Maine | $2,306 | $3,221 | $4,748 |
| Maryland | $3,763 | $5,460 | $6,066 |
| Massachusetts | $3,004 | $5,251 | $3,013 |
| Michigan | $7,257 | $11,084 | $17,465 |
| Minnesota | $2,980 | $3,978 | $5,616 |
| Mississippi | $3,590 | $5,160 | $5,185 |
| Missouri | $3,401 | $4,864 | $6,373 |
| Montana | $3,455 | $4,830 | $5,619 |
| Nebraska | $2,942 | $4,312 | $4,675 |
| Nevada | $4,841 | $7,141 | $7,552 |
| New Hampshire | $3,342 | $5,285 | $6,711 |
| New Jersey | $3,690 | $5,797 | $7,605 |
| New Mexico | $3,769 | $5,617 | $5,847 |
| New York | $3,478 | $4,409 | $7,334 |
| North Carolina | $2,165 | $3,737 | $2,646 |
| North Dakota | $2,972 | $4,520 | $5,335 |
| Ohio | $2,653 | $4,092 | $4,175 |
| Oklahoma | $4,236 | $6,026 | $6,824 |
| Oregon | $3,860 | $5,173 | $6,177 |
| Pennsylvania | $3,239 | $4,756 | $5,558 |
| Rhode Island | $5,421 | $7,921 | $8,932 |
| South Carolina | $3,658 | $5,097 | $7,014 |
| South Dakota | $3,310 | $4,758 | $5,472 |
| Tennessee | $3,885 | $5,695 | $7,581 |
| Texas | $3,888 | $5,640 | $6,996 |
| Utah | $3,308 | $4,640 | $6,398 |
| Vermont | $2,546 | $3,936 | $4,147 |
| Virginia | $2,422 | $3,698 | $3,608 |
| Washington | $3,185 | $4,320 | $5,152 |
| West Virginia | $3,214 | $4,577 | $5,763 |
| Wisconsin | $3,192 | $5,005 | $5,668 |
| Wyoming | $2,980 | $4,180 | $4,462 |
| Georgia | $4,217 | $6,274 | $6,320 |
Compare Tesla Model S To Other Tesla Models
FAQs
Who has the cheapest car insurance for a Tesla Model S?
Capital Insurance Group offers the most affordable car insurance for the 2023 Tesla Model S.
Which company offers the best car insurance for a Tesla Model S?
After considering their competitive rates, comprehensive coverage options, and exceptional customer service, we are confident that Capital Insurance Group provides the most suitable car insurance for Tesla Model S owners.
