Tesla Model S Car Insurance Quotes (2025)
Tesla Model S drivers spend an average of $303 per month for full-coverage insurance, but costs vary based on a range of factors.
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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.
Cost of Tesla Model S insurance by model year
Tesla Model S insurance costs an average of $303 per month for full-coverage insurance.
Newer cars generally have higher insurance costs. For example, the 2025 Model S costs an average of $305 per month to insure, and the 2019 model costs $298 per month — a difference of about 2%.
Below, you can compare average monthly full-coverage quotes for the Tesla Model S by 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.
USAA and GEICO have the cheapest average full-coverage insurance rates for the 2025 Tesla Model S, the most recent model year. USAA’s rates are 15% lower than GEICO’s. Here are the average monthly full-coverage insurance quotes for the 2025 Tesla Model S from different insurance companies.
With a starting MSRP of $76,630, the 2024 Tesla Model S likely comes with higher car insurance premiums than older models.
USAA, GEICO, and State Farm are the cheapest average insurance companies for the 2024 Tesla Model S. They all have monthly rates of less than $225. Below, you can compare average full-coverage quotes from different insurance companies.
The 2023 Model S had an MSRP of $74,990. With a high-value vehicle, drivers will likely find higher costs to insure the 2023 model than older models.
USAA offers the cheapest average rates to drivers with a 2023 Tesla Model S, at $179 per month, followed by GEICO, at $211 per month — a difference of about 18%. The table below provides a breakdown of the average full-coverage costs for the 2023 Tesla Model S by insurance company.
The 2022 Tesla Model S had an MSRP of $106,400.
State Farm and CSAA have the lowest average costs to insure this model year, with monthly averages of $188 and $202, respectively. Amica has the most expensive rates, at $436 per month. The following table highlights the average full-coverage car insurance rates across insurers.
The 2021 Tesla Model S has an MSRP of $96,440.
USAA and GEICO have the cheapest average rates for this model year, at $133 and $157 per month, respectively. USAA’s rates are 18% cheaper than GEICO’s. Compare average full-coverage quotes from other insurance companies for the 2021 Model S in the table below.
The 2020 Tesla Model S had an MSRP of $70,620. As a vehicle ages, its insurance costs will likely decrease.
USAA, State Farm, and GEICO have the cheapest insurance rates for the 2020 Model S — all with monthly averages of less than $195. The table below breaks down the average cost of full-coverage insurance by insurer.
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.
USAA has the cheapest rates for the 2019 Model S, at $154 per month. The General has the most expensive rates, at $385 per month — a difference of 150%. The table below highlights the average price of a full-coverage auto policy for this electric car from different insurance companies.
Average cost of Tesla 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 across all Tesla models by state.
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:
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 $103 per month and $1,235 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.
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