TESLA
How much Tesla insurance costs

Insuring a Tesla costs about $1,563 a year for a typical model at the US average — around the average. The cheapest is the Cybertruck (~$1,368/yr), the priciest the Model X (~$2,000/yr). Your own rate shifts with your state, age and record — but the model you pick sets the baseline.

INSURANCE / TYPICAL
$1,563
typical Tesla / year
CHEAPEST
Cybertruck
cheapest to insure ($1,368)
PRICIEST
Model X
priciest to insure ($2,000)
COVERAGE
5
Tesla models with data
Advertisement

Tesla insurance cost by model

Estimated annual premium for every Tesla model at the US average, cheapest first — from real HLDI insurance-loss indices. Click a model for its full page.

FIG.01
ModelEst. premiumvs averageVerdict
Cybertruck$1,368/yr95% of avgAverage
Model Y$1,416/yr99% of avgAverage
Model 3$1,563/yr109% of avgAverage
Model S$1,890/yr131% of avgPricey
Model X$2,000/yr139% of avgPricey
ROWS 5·SOURCE HLDI × NAIC
Advertisement

Cheapest Teslas to insure

The Tesla models that cost the least to insure at the US average.

FIG.02
01
Cybertruck95% of avg$1,368
02
Model Y99% of avg$1,416
03
Model 3109% of avg$1,563
04
Model S131% of avg$1,890
05
Model X139% of avg$2,000
TOP 5·UNIT est. $/yr (US avg)·SOURCE HLDI × NAIC

Most expensive Teslas to insure

The priciest Teslas to insure — usually the most powerful and costly to repair.

FIG.03
01
Model X139% of avg$2,000
02
Model S131% of avg$1,890
03
Model 3109% of avg$1,563
04
Model Y99% of avg$1,416
05
Cybertruck95% of avg$1,368
TOP 5·UNIT est. $/yr (US avg)·SOURCE HLDI × NAIC
Upgrade to Pro

Know what a car really costs to insure and own.

  • Your personalized rate — coverage, age & deductible
  • Insurance in the 5-year cost-to-own
  • Full coverage breakdown — cost per coverage
  • Compare insurance across cars, side by side
  • Export estimates to CSV / Excel
  • Zero ads — clean, fast pages
  • …and much more
Advertisement

Tesla insurance cost by state — all 50

Where you live moves a Tesla premium as much as which model you pick. A typical Tesla (index 109) runs about $2,167/yr in Florida but only $1,007/yr in Maine — a swing of over $1,160 on the same car.

Estimated annual premium for a typical Tesla in every state, priciest first.

FIG.04
StateTypical Tesla / yrvs US average
Florida$2,167/yr+39% vs US
Louisiana$2,151/yr+38% vs US
New York$2,061/yr+32% vs US
District of Columbia$1,976/yr+26% vs US
Georgia$1,898/yr+21% vs US
Texas$1,877/yr+20% vs US
Rhode Island$1,858/yr+19% vs US
New Jersey$1,840/yr+18% vs US
Colorado$1,799/yr+15% vs US
Maryland$1,742/yr+11% vs US
Nevada$1,740/yr+11% vs US
Michigan$1,709/yr+9% vs US
Delaware$1,706/yr+9% vs US
South Carolina$1,649/yr+6% vs US
Connecticut$1,640/yr+5% vs US
Arizona$1,635/yr+5% vs US
California$1,540/yr-1% vs US
Massachusetts$1,536/yr-2% vs US
Mississippi$1,516/yr-3% vs US
Oklahoma$1,440/yr-8% vs US
Missouri$1,438/yr-8% vs US
New Mexico$1,414/yr-10% vs US
Arkansas$1,409/yr-10% vs US
Utah$1,396/yr-11% vs US
Pennsylvania$1,384/yr-11% vs US
Alabama$1,379/yr-12% vs US
Oregon$1,379/yr-12% vs US
Alaska$1,372/yr-12% vs US
Illinois$1,366/yr-13% vs US
Virginia$1,346/yr-14% vs US
Washington$1,342/yr-14% vs US
West Virginia$1,334/yr-15% vs US
Minnesota$1,330/yr-15% vs US
Tennessee$1,317/yr-16% vs US
Kentucky$1,313/yr-16% vs US
Nebraska$1,287/yr-18% vs US
Montana$1,287/yr-18% vs US
Kansas$1,285/yr-18% vs US
Wyoming$1,283/yr-18% vs US
South Dakota$1,258/yr-20% vs US
North Carolina$1,192/yr-24% vs US
Ohio$1,128/yr-28% vs US
New Hampshire$1,122/yr-28% vs US
Indiana$1,122/yr-28% vs US
Iowa$1,097/yr-30% vs US
Wisconsin$1,087/yr-30% vs US
Hawaii$1,085/yr-31% vs US
Idaho$1,066/yr-32% vs US
North Dakota$1,045/yr-33% vs US
Vermont$1,041/yr-33% vs US
Maine$1,007/yr-36% vs US
ROWS 51·SOURCE NAIC × HLDI

Estimate a specific Tesla model in your state →

Advertisement

Tesla insurance cost by year

A typical Tesla costs about +19% more to insure than in 2019 — premiums have climbed across the board. Estimated typical Tesla premium by year (US average):

FIG.05
YearTypical Tesla / yr
2023$1,564/yr
2022$1,367/yr
2021$1,292/yr
2020$1,279/yr
2019$1,313/yr
ROWS 5·SOURCE NAIC

For how insurance changes by a car's model year (a 2018 vs a 2024 of the same model), see each model's page.

Advertisement

Tesla insurance — FAQ

Is Tesla expensive to insure?
Tesla is around the average to insure — a typical model runs about $1,563/yr at the US average. Sportier and pricier models cost more; mainstream ones cost less.
What is the cheapest Tesla to insure?
The Cybertruck is the cheapest Tesla to insure in our data — around $1,368/yr at the national average, about 5% below a typical car.
What is the most expensive Tesla to insure?
The Model X is the priciest Tesla to insure — roughly $2,000/yr, about 39% above the average car.
How much is insurance on a Tesla per month?
A typical Tesla costs about $130/month at the US average for full coverage. It varies by exact model, your state, age and driving record.
How is this Tesla estimate calculated?
We combine each Tesla model's real HLDI insurance-loss index with the NAIC average premium for the US (or your state). It's an estimate for a typical driver with full coverage — not a quote.
Insurance-cost estimates for Tesla computed by ForCar from HLDI/IIHS insurance-loss indices (relative losses versus an average car, 100 = average) combined with NAIC average premiums (2023). Estimates assume a typical driver with full coverage; your quote varies with age, record, credit, ZIP and coverage. For research and comparison, not a quote. Reviewed by Denis Kataev, founder of ForCar.
Advertisement