About $1,890 a year for full coverage on a national average — 31% more than the $1,438 average car. Insurers rate the Tesla Model S at an index of 131 where 100 is a typical vehicle, based on how often and how expensively these cars actually generate claims (latest data covers 2022-2024).
The premium isn't spread evenly across the Tesla Model S: Collision — damage to your own car in a crash — carries its highest loss index at 216, while Personal injury (PIP) sits at 62. Those 154 points are the real reason behind the price, and they are the part a quote form never shows you. Among 78 luxury cars we hold data for, the Model S ranks #34 from cheapest, below the class median of 138. Against what the car is worth the bill looks different again: a 2022 Model S sells for a median $46,985, so a year of cover costs 4% of the car's value. Over 12 generations of data the index has fallen from 174 (2011-2013) to 131 (2022-2024). Worth noting: this car earns 5 stars from NHTSA and still insures above average — crash protection and repair cost are separate things, and insurers price the second one. Calculated from 16 insurance-loss records and live US listing prices.
Why a Model S costs what it does
Insurers don't price a car with one number — they track losses separately for each kind of cover. An index of 100 is the average vehicle, so anything above means this model generates costlier claims of that type:
Read it as «where the money goes». A high Collision figure means these cars are expensive to repair after a crash; a high Comprehensive figure points at theft, weather and vandalism instead. Estimated annual split at $1,890: Liability (BI + PD) $907 · Collision $529 · Comprehensive $227 · Other (UM / PIP) $227.
The Model S against its class
Every luxury cars we hold insurance data for, cheapest to insure first. The Model S is highlighted — rivals are clickable if you're cross-shopping:
Class as defined by insurers (Luxury cars), not by us — it groups cars by how they're actually driven and repaired. Median for this class is 138, roughly $1,986 a year.
How it changed by generation
Insurance-loss index of the Model S across every generation in the data. Newer isn't automatically cheaper — driver-assist systems cut crash frequency, while sensors and aluminium panels push repair bills up:
Each point averages every recorded variant of that generation. The Model S has become cheaper to insure over time (-43 points).
What a Model S costs by state
Where you park matters as much as what you drive. The Model S's index applied to each state's average premium — the same car, the same cover, different postcode:
| State | Model S est. / yr | vs national |
|---|---|---|
| Florida | +39% vs US | |
| Louisiana | +38% vs US | |
| New York | +32% vs US | |
| District of Columbia | +26% vs US | |
| Georgia | +21% vs US | |
| Texas | +20% vs US | |
| Wisconsin | -30% vs US | |
| Hawaii | -31% vs US | |
| Idaho | -32% vs US | |
| North Dakota | -33% vs US | |
| Vermont | -33% vs US | |
| Maine | -36% vs US |
Six priciest and six cheapest states shown. Figures are the state's average premium scaled by the Tesla Model S's loss index of 131 — your own quote also depends on age, record, deductible and ZIP.
Tesla Model S insurance — frequently asked
How much is insurance for a Tesla Model S?
About $1,890 a year for full coverage at the national average, versus $1,438 for a typical car. That's the model's insurance-loss index of 131 applied to the US average premium.
Why is the Model S expensive or cheap to insure?
For the Tesla Model S the costliest area is Collision at an index of 216, covering damage to your own car in a crash — against 62 for its cheapest. Insurers set premiums from claim history like that, not from the sticker price — which is why the Tesla Model S lands at 131, not at what it costs new.
Is the Model S cheaper to insure than rivals?
It ranks #34 of 78 in the luxury cars class, where the median index is 138 against this car's 131. Cheaper rivals are listed in the chart above.
Is that a lot relative to the car's value?
A year of cover is 4% of what a 2022 Model S sells for — $1,890 against a median price of $46,985. Cheap cars often show a higher percentage even when the dollar premium is lower, and at 4% the Model S sits on the cheap side of it.
Does its safety rating lower the premium?
Not directly. The Model S holds 5 stars from NHTSA, but crash-test performance and repair cost are priced separately — a car can protect occupants well and still be costly to fix.
Where does this data come from?
Insurance-loss indices published for real vehicles, combined with NAIC state average premiums. It's claim history, not a quote engine — so it shows what these cars actually cost insurers rather than what one company would offer you.
Will my own quote match this?
Treat it as a baseline for the car itself. Your figure also moves with age, driving record, deductible, mileage and ZIP code — the same Model S can differ by hundreds between two drivers.
How we work this out
Mark ForCar as a preferred source and our data shows up first in your Google results. One click, no account.