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.

min read
Updated: 04 April 2024
Written by
Ahmed
On this page Open

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

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.

Go back to top