7+ years writing insurance and personal finance content
Contributor to top media, including USA Today
A passionate personal finance advocate, Sarah’s writing has graced the pages of many of the personal finance and insurance industries’ top web publications.
3+ years experience in insurance and personal finance editing
NPN: 20564519
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
Save up to $1,025† by comparing quotes from the top 120+ insurance companies
Excellent
Secure. Free. Easy-to-use.
Advertiser Disclosure
At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.
We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.
Why you can trust Insurify: Comparing accurate insurance quotes should never put you at risk of spam. We earn an agent commission only if you buy a policy based on our quotes. Our editorial team follows a rigorous set of editorial standards and operates independently from our insurance partners. Learn more.
The average monthly cost of full-coverage insurance for a Tesla Model S, depending on the vehicle model year, ranges from $281 to $305.
Various factors related to your driving situation affect your car insurance rates, including your age, ZIP code, coverage type, garaging address, marital status, driving record, credit history, vehicle safety features, discount eligibility, and more.[1]
Here’s what you should know about auto insurance for your Tesla Model S, including average costs and coverage options.
Quick Facts
Tesla’s electric vehicles come with more expensive auto insurance premiums than many standard gas-powered vehicles.
USAA and GEICO offer the cheapest average rates for Tesla Model S drivers.
The average cost of full-coverage insurance for a Tesla Model S varies by model year, with average rates ranging from $298 for the 2019 model to $305 for the 2025 model.
USAA and GEICO offer some of the cheapest rates for 2025 Tesla Model S drivers, with average full-coverage rates of $187 and $221 per month, respectively.
Below, you can compare average monthly quotes for full-coverage insurance for the Tesla Model S by model year.
Model Year
Average Monthly Quote
2025
$305
2024
$290
2023
$267
2022
$262
2021
$257
2020
$248
2019
$298
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
USAA and GEICO have the cheapest average full-coverage insurance rates for the 2025 Tesla Model S, the most recent model year. The 2025 Tesla Model S has a high starting MSRP of $81,880. Drivers of the 2025 model will likely pay higher premiums than vehicle owners with older models.
Here are the average monthly full-coverage insurance quotes for the 2025 Tesla Model S from different insurance companies.
Insurance Company
Average Monthly Quote
USAA
$187
GEICO
$221
State Farm
$223
CSAA
$240
Allstate
$248
Progressive
$276
American Family
$293
Nationwide
$342
Clearcover
$348
Travelers
$361
The General
$403
Liberty Mutual
$469
Amica
$518
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
USAA, GEICO, and State Farm are the cheapest average insurance companies for the 2024 Tesla Model S. With a starting MSRP of $76,630, the 2024 Tesla Model S likely comes with higher car insurance premiums than older models.
Below, you can compare average full-coverage quotes from different insurance companies.
Insurance Company
Average Monthly Quote
USAA
$185
GEICO
$219
State Farm
$221
CSAA
$238
Allstate
$245
Progressive
$273
American Family
$290
Nationwide
$339
Clearcover
$344
Travelers
$357
The General
$398
Liberty Mutual
$464
Amica
$512
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
USAA offers the cheapest average rates to drivers with a 2023 Tesla Model S, followed by GEICO. The vehicle has an MSRP of $74,990. With a high-value vehicle, drivers will likely find higher costs to insure the 2023 model of this vehicle than older models.
The table below provides a breakdown of the average full-coverage costs for the 2023 Tesla Model S by insurance company.
Insurance Company
Average Monthly Quote
USAA
$179
GEICO
$211
State Farm
$213
CSAA
$229
Allstate
$237
Progressive
$264
American Family
$280
Nationwide
$327
Clearcover
$332
Travelers
$345
The General
$385
Liberty Mutual
$448
Amica
$495
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
USAA and GEICO offer the lowest average costs to insure the 2022 Tesla Model S, which has an MSRP of $106,400.
The following table highlights the different average full-coverage car insurance rates across insurers.
Insurance Company
Average Monthly Quote
USAA
$158
GEICO
$186
State Farm
$188
CSAA
$202
Allstate
$208
Progressive
$232
American Family
$247
Nationwide
$288
Clearcover
$293
The General
$339
Liberty Mutual
$395
Amica
$436
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
The 2021 Tesla Model S has an MSRP of $96,440. USAA and GEICO have the cheapest average rates for this model year. Compare average full-coverage quotes below.
Insurance Company
Average Monthly Quote
USAA
$133
GEICO
$157
State Farm
$159
CSAA
$171
Allstate
$176
Progressive
$196
American Family
$208
Nationwide
$243
Clearcover
$247
The General
$286
Liberty Mutual
$333
Amica
$368
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
USAA has the cheapest average coverage for the 2020 Tesla Model S, which has an MSRP of $70,620. As the vehicle ages, insurance costs will likely decrease.
The table below breaks down the average cost of full-coverage insurance by insurer.
Insurance Company
Average Monthly Quote
USAA
$161
State Farm
$185
GEICO
$191
Allstate
$224
Progressive
$235
American Family
$280
Nationwide
$299
Travelers
$318
Liberty Mutual
$322
Farmers
$400
The General
$402
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Since older vehicles lose value over time, insurance companies offer cheaper rates for the 2019 Tesla Model S. This car has an MSRP of $76,200.
The table below highlights the average price of a full-coverage auto policy for this electric car from different insurance companies.
Insurance Company
Average Monthly Quote
USAA
$154
State Farm
$177
GEICO
$183
Allstate
$214
Progressive
$225
American Family
$268
Nationwide
$286
Travelers
$305
Liberty Mutual
$308
Farmers
$383
The General
$385
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Average cost of Tesla Model S car insurance by state
The state you live in, and even your ZIP code, can affect how much you pay for car insurance for your Tesla Model S. Insurance companies consider location-based risk factors — including population density, climate, vehicle theft rates, accident rates, and more — when determining your car insurance premium.
Below, you can compare average full-coverage insurance quotes for the Tesla Model S by state.
Average Monthly Rate by State
State
Average Monthly Quote
Alabama
$215
Arizona
$267
Arkansas
$398
California
$409
Colorado
$334
Connecticut
$570
Delaware
$325
Florida
$368
Georgia
$369
Idaho
$198
Illinois
$261
Indiana
$215
Iowa
$189
Kansas
$249
Kentucky
$374
Louisiana
$357
Maine
$232
Maryland
$522
Massachusetts
$299
Michigan
$448
Minnesota
$299
Mississippi
$317
Montana
$250
Missouri
$299
North Dakota
$221
Nebraska
$288
New Hampshire
$185
Nevada
$451
New Jersey
$282
New Mexico
$249
New York
$669
North Carolina
$140
Ohio
$197
Oklahoma
$267
Oregon
$244
Pennsylvania
$264
South Carolina
$412
South Dakota
$203
Tennessee
$233
Texas
$361
Utah
$275
Virginia
$282
Washington
$224
District of Columbia
$409
Vermont
$232
West Virginia
$233
Wisconsin
$209
Wyoming
$204
Source: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile. Insufficient data is available to show results for Alaska and Hawaii.
How to ensure you have enough coverage on your Tesla Model S
As you build out an insurance policy that suits your needs, consider the following most common types of coverage:
Bodily injury liability coverage
If you cause injuries to another driver and their passengers during an accident, bodily injury liability coverage can help you pay for the other party’s medical bills. Most drivers must meet state minimums of this coverage type to drive legally.
Property damage liability coverage
If you cause damage during an incident, property damage liability coverage pays for repairs to other people’s property up to your insurance policy limit.
Collision coverage
If you want help paying for repairs to your vehicle after an accident, consider collision coverage. A collision policy might pay to repair or replace your vehicle, depending on the situation.
Comprehensive coverage
If your vehicle incurs damage from something other than an accident, like a fallen tree or flooding event, comprehensive coverage can help pay to repair or replace your vehicle. It’s one of the best car insurance options for drivers seeking more robust coverage for their vehicles and can afford higher insurance rates.[2]
Tesla Model S car insurance FAQs
If you have remaining questions about Tesla auto insurance premiums, find more answers below.
USAA offers the cheapest rates for Tesla Model S insurance, but the company only sells coverage to military members. GEICO usually offers the next cheapest car insurance for Tesla Model S drivers.
Shopping around with other large insurance companies to compare different rates available for your situation is the best way to lock in low rates for Tesla insurance, even if that means changing from your current insurance company.
Yes. Compared to the national average liability-only policy cost of $105 per month and $1,257 per year, the Tesla Model S is expensive to insure.
But your cost will vary based on your location and vehicle details — like if you have past traffic violations or a clean driving history. For example, a single-car policy might make it more expensive to insure the vehicle than bundling it into a bill with other insurance products, like a home policy, umbrella policy, life insurance policy, or boat insurance policy.
The average cost of liability car insurance is $143 per month for a Tesla Model S. For a full-coverage car insurance policy, the average car insurance cost is $339 per month. But the details of your vehicle information and claims from your previous policy matter.
For example, drivers of older models typically find lower car insurance quotes than people with newer models. In most states, insurance companies will also consider your credit history, awarding lower premiums to people with good credit.
A full-coverage insurance policy — which includes comprehensive and collision coverages — should cover hail damage.
Reach out to your insurance company’s customer service team for more information about the specific conditions of your policy contract.[3] Experienced agents should get you the answer about your specific policy quickly and may have recommendations or advice on how to file a claim.
Methodology
Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.
Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).
Liability-only premium averages correspond to policies with the following coverage limits:
Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
Property damage limits between $10,000 and $50,000
No additional coverage
Full-coverage premium averages correspond to the same bodily injury and property damage limits in addition to:
Comprehensive coverage with a $1,000 deductible
Collision coverage with a $1,000 deductible
Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
Sarah Sharkey is a personal finance writer who enjoys helping people make savvy financial decisions. She covered insurance and personal finance topics. You can find her work on Business Insider, Money Under 30, Rocket Mortgage, Bankrate, and more. Connect with her on LinkedIn.
Sarah has been a contributor at Insurify since September 2022.
3+ years experience in insurance and personal finance editing
NPN: 20564519
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
)
)
){kind=logo}
){kind=small}
){kind=small}
)
)
){kind=small}
){kind=small}
)
)
)
)
)
)
)
