Tesla Auto Insurance Rates

If you've gone electric and started driving a Tesla, you know that Tesla car insurance can be hard to find and expensive. Tesla car insurance costs vary widely depending on where you live, though. In Texas, the average cost for Tesla Model 3 car insurance is $177 a month while the same Tesla auto insurance costs an average of $444 in California. If you compare Tesla car insurance rates, you can save no matter where you live. Driving a Tesla may cost more in auto insurance premiums, but remember that you'll save by never having to buy gas!

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Rachel Bodine

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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, AllWo...

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Schimri Yoyo

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Updated July 2021

When you talk about the “future of tomorrow” today, the first thing that probably comes to your mind is a Tesla vehicle. And there’s a very good reason for that. Tesla is one of the leading auto manufacturers of pure electric-powered consumer vehicles in the world today.

In recent years, the cost of reproducing this technology at an economy of scale has gotten so low that certain models are becoming more and more affordable for middle-class drivers just like you.

Unfortunately, because many insurance companies are scared of new and complicated technology, they may make it hard to find cheap car insurance rates for your Tesla.

But we can help you out. Below, we’ll discuss some of the finer details of Tesla vehicles and provide you with helpful suggestions that can help you lower your monthly rate on your Tesla auto insurance rates.

Compare rates for your Telsa with our FREE search tool.

All About Tesla Auto Insurance

Tesla Inc was founded back in 2003 and originally known as Tesla Motors. Since its inception, however, it has branched out into non-automotive industries such as solar panels and battery storage. The name Tesla harkens back to an underrated yet brilliant inventor of the same name who lived during the 19th century.

Unlike its namesake, however, Tesla vehicles are a force of technological nature which refuse to be ignored. Back in the fourth quarter of 2012, Tesla barely managed to sell more than a few thousand units of their newly debuted Model S.

Most recently, in the second quarter of 2018, total units sold between all three of its current models are just over 40,000.

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Insurance Quotes for Popular Tesla Vehicles

Unlike most other automotive companies, the Tesla fleet of consumer vehicles is only made up of three different models: the model S, the model X, and the model 3. As stated earlier, the model S was the first vehicle ever produced by Tesla Motors and began delivering to customers in the summer of 2012.

According to the EPA, it is capable of traveling up to 335 miles on a single charge, and Consumer Reports rates overall driver satisfaction as one of the highest of any other plug-in electric vehicle.

The middle child of the Tesla fleet is the model X which began production in 2015. Unlike the model 3, the model X is a crossover utility vehicle which can go anywhere from 237 to 295 miles on a single charge.

Finally, in 2017, Tesla gave us the model 3. It is a compact, midsize executive electric sedan with a range of 220 miles per charge on the standard battery (but drivers can get an additional 90 miles if they upgrade to the long-range battery).



Average Tesla Car Insurance Premiums by Model


Legend:
Tesla Model S
Tesla Model 3
Tesla Model X

Texas
Florida
California


40
80
120
160
200
240
280
320
360
400
440
480
520





$213
$177
$196



$199
$225
$265



$507
$444
$535

 

Comparing Insurance Rates for Tesla Vehicles

Your specific location may be more important for determining your Tesla car insurance premiums than it is for most other automobiles.

Don’t get us wrong – no matter what type of vehicle you drive, your specific geography will play a major role in how much your premiums will cost.

But since Tesla vehicles are electric, and since some states have more financial incentives than others when it comes to encouraging consumers to buy electric vehicles, it can make a significant impact on how much your provider charges you for your coverage.



Average Tesla Auto Insurance Premiums by State


Legend:
Tesla Model S

Texas
Florida
California
New York
Chicago


40
80
120
160
200
240
280
320
360
400
440
480



$213

$199

$507

$155

$212

 

Whether you want the fuel economy of a Model S, the crossover SUV status of a Model X, or the luxury of the model 3, it’s important to make sure you get an affordable policy to protect your investment.

Adopting new technology can be expensive enough – you shouldn’t have to continue paying out of the nose for coverage which doesn’t have to be so expensive.

Let us help you shop around today, and we can get you a lower price on your premiums in a matter of minutes!

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