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Amy Beardsley is a seasoned insurance expert who’s been writing for Compare.com since 2023. She has more than 12 years of industry knowledge and expertise in auto, home, life, commercial, and other insurance products. Amy’s work has been published by Berkshire Hathaway Specialty Insurance, Legal & General, NerdWallet, Robinhood, Insurify, NEXT Insurance, and more.
Amy worked as a court administrator before becoming a content marketing writer. Her legal background has equipped her with the ability to simplify complex technical language into easy-to-understand content.
She graduated magna cum laude from Ferris State University, where she earned a Bachelor of Science in Business Administration and Legal Studies.
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Nick Versaw leads Compare.com's editorial department, where he and his team specialize in crafting helpful, easy-to-understand content about car insurance and other related topics. With nearly a decade of experience writing and editing insurance and personal finance articles, his work has helped readers discover substantial savings on necessary expenses, including insurance, transportation, health care, and more. As an award-winning writer, Nick has seen his work published in countless renowned publications, such as the Washington Post, Los Angeles Times, and U.S. News & World Report. He graduated with Latin honors from Virginia Commonwealth University, where he earned his Bachelor's Degree in Digital Journalism.
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At Compare.com, it’s our mission to give you the tools to find the best (and most affordable) insurance for your unique needs and budget. We strive to provide information that’s helpful, clear, and unbiased, and we believe that comparing insurance companies should never put you at risk of spam. Our editorial team — which is made up of experienced writers, editors, insurance agents, and data analysts — has spent thousands of hours researching and creating the coverage overviews, side-by-side comparisons, and detailed reviews you see across our site.
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The average Tesla owner pays $233 per month for car insurance — a sticker shock compared to the national average cost of $151. Tesla models rank among the most expensive electric vehicles (EVs) to insure, thanks to costlier repairs[1] and specialized labor requirements[2] that most local body shops just can’t handle.[3]
Fortunately, several insurance companies — including Travelers, Clearcover, and Safeco — offer average rates well below these figures. But to find the best policy for your needs and budget, you’ll need to compare quotes from multiple companies. Also consider specialized EV discounts, consider Tesla’s insurance program, and don’t forget to highlight your vehicle’s advanced safety features when getting quotes.
Now, let’s explore the actual numbers behind Tesla premiums to find the cheapest car insurance prices.
Even with identical coverage, the price you pay to insure a Tesla can vary greatly from one company to the next.
Tesla’s insurance program offers potential savings, but it’s currently available in only 12 states.
Insurance premiums on Tesla vehicles are increasing at about twice the rate of the rest of the market.[4]
We analyzed millions of quotes from the best car insurance companies to uncover what you’re likely to pay each month. Here’s the breakdown of average Tesla rates by coverage level compared to drivers of all other vehicles, based on Compare.com data:
Vehicle Type  | Average Monthly Premium: Liability Coverage | Average Monthly Premium: Full Coverage | Overall Average for All Policies |
|---|---|---|---|
| Tesla | $163 | $302 | $233 |
| All makes | $106 | $193 | $150 |
Looking at these numbers, it’s clear why some Tesla owners experience that gut-punch feeling when they get their insurance bill: Teslas cost significantly more to insure than the average vehicle. The gap is especially noticeable with full coverage, which makes sense considering the steep difference between premiums for liability insurance and full coverage.
Comparing quotes can save you up to $867.†
Not all Tesla insurance premiums have the same effect on your bank account. The model you choose plays a huge role in how much you pay, with two main factors driving the differences: vehicle weight and the manufacturer’s suggested retail price (MSRP). Heavier vehicles like the Model X tend to cause more damage in collisions,[5] while the higher-priced Model S is more expensive to repair or replace after an accident.
Your coverage choice and where you buy your policy also affect your premium. Basic liability only covers damage you cause to other people and their property, the minimum coverage most states require. Full coverage adds comprehensive and collision protection for your own Tesla, covering everything from fender benders to hail damage to theft.
Check out the table below to see how average rates vary between Tesla models.
Model | Average Liability Premium | Average Full-Coverage Premium |
|---|---|---|
| Cybertruck | $181 | $282 |
| Model 3 | $179 | $330 |
| Model S | $162 | $299 |
| Model X | $174 | $322 |
| Model Y | $166 | $306 |
| All Tesla models | $163 | $302 |
Perhaps surprisingly, the Cybertruck enjoys the cheapest full-coverage rates of any Tesla model, at $282 per month. On the flip side, the Model 3 tops the chart, at $330.
Next, let’s uncover how to save on car insurance by calling out the cheapest companies for your Tesla EV.
No matter how intimidating the average Tesla insurance quotes might look, you can probably find coverage for less.
We’ve rounded up the insurance companies offering the most competitive prices for Tesla owners nationwide, according to Compare.com data.
Company | Average Monthly Premium |
|---|---|
| Travelers | $113 |
| Clearcover | $134 |
| Safeco | $166 |
| Mercury | $169 |
| Elephant | $206 |
| Infinity | $218 |
| The General | $253 |
Travelers is a clear winner here, with an average rate of just $113 per month. That’s more than $100 cheaper than the brand’s average.
But insurance is never one-size-fits-all, and prices can be all over the map depending on the insurer. That’s why it’s essential to compare quotes from multiple companies before making your decision.
Now, let’s find out which insurers might be the perfect match for your situation and Tesla model.
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Finding the best insurance for your Tesla isn’t about picking the company everyone else uses. It’s about finding the perfect match for your specific situation. After analyzing thousands of policies, we’ve identified standout insurers based on competitive Tesla rates, discounts, customer satisfaction ratings, and coverage options.
Below are the top insurance companies worth checking out for young drivers, tech enthusiasts, and drivers looking for maximum protection.
Compare.com Rating: 5.0 out of 5
Great student discounts
Discount program for drivers younger than 25
Highly rated customer service
Service depends on agent
Mobile app not intuitive
Gap insurance not available
State Farm offers relief for skyrocketing rates for teen drivers through its young driver discounts. The company’s good student discount can cut up to 25% off rates, while the driver training discount adds more savings for completing approved courses.
The standout feature for Tesla-driving teens is State Farm’s Steer Clear program. It’s a smart app that helps young drivers improve their driving skills and cash in on discounts.
Compare.com Rating: Not rated
Integrated with Tesla app
Pay-as-you-drive pricing
Customizable coverage options
Not available in every state
Constantly monitors driving behaviors
App handles most customer service
Telsa Insurance taps into your vehicle’s built-in technology and uses actual driving data from your car to set your premium. The company’s Real-Time Insurance with Safety Score pricing adjusts your rate based on safe driving habits, number of miles you drive, and use of Full Self-Driving. Plus, the app lets you manage your policy anywhere you go, from reporting claims to paying premiums.
But it’s available in only 12 states as of this writing, so it may not be an option for many Tesla owners.
Compare.com Rating: 4.23 out of 5
New car replacement protection
Discounts for newer vehicles
Accident forgiveness option
Not available in every state
Limited rideshare coverage
Below-average customer service
Travelers stands out for Tesla owners seeking maximum coverage. The five-year new car replacement coverage includes gap insurance and a lower glass deductible to protect your Tesla’s value long after purchase. And when you add Premier Roadside Assistance, you get perks like towing service up to 100 miles, trip interruption protection, and personal property coverage.
Compare personalized quotes and find the best rate in minutes.
You may not realize it, but where you park your Tesla affects your car insurance bill. Local factors like accident rates, weather patterns, theft statistics, and repair costs in your area affect how insurers calculate your premium.
To give you a better idea, the table below shows how each state stacks up against the national average car insurance prices.
State | Average Monthly Premium |
|---|---|
| Alabama | $153 |
| Arizona | $205 |
| Arkansas | $294 |
| California | $296 |
| Colorado | $241 |
| Connecticut | $467 |
| Delaware | $285 |
| Florida | $300 |
| Georgia | $305 |
| Idaho | $155 |
| Illinois | $192 |
| Indiana | $165 |
| Iowa | $139 |
| Kansas | $188 |
| Kentucky | $300 |
| Louisiana | $277 |
| Maine | $182 |
| Maryland | $423 |
| Massachusetts | $231 |
| Michigan | $360 |
| Minnesota | $231 |
| Mississippi | $231 |
| Missouri | $225 |
| Montana | $187 |
| Nebraska | $216 |
| Nevada | $366 |
| New Hampshire | $141 |
| New Jersey | $244 |
| New Mexico | $178 |
| New York | $591 |
| North Carolina | $115 |
| North Dakota | $178 |
| Ohio | $156 |
| Oklahoma | $199 |
| Oregon | $198 |
| Pennsylvania | $201 |
| Rhode Island | $176 |
| South Carolina | $337 |
| South Dakota | $149 |
| Tennessee | $173 |
| Texas | $273 |
| Utah | $224 |
| Vermont | $167 |
| Virginia | $222 |
| Washington | $172 |
| District of Columbia | $349 |
| West Virginia | $178 |
| Wisconsin | $156 |
| Wyoming | $149 |
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Finding the cheapest Tesla insurance quote feels great until you actually need to file a claim. Balancing affordability with proper protection is crucial when you’re insuring a sophisticated electric vehicle with specialized repair needs.
While it’ll meet your state’s liability requirements, basic liability is bare-minimum coverage. Full coverage adds comprehensive and collision protection, covering everything from accidents to that oak tree that landed on your roof during last night’s storm.
For Tesla owners specifically, consider these coverages:
Gap insurance, if you’re financing or leasing, to cover the difference between what you owe and the car’s value if totaled
Comprehensive coverage to protect against theft, vandalism, and weather events
New car replacement if you total your car in the first few years
Wall charger coverage to protect your home charging setup
Now that you know what coverage you need, let’s explore some proven strategies to get that protection without draining your bank account.
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Here are five Tesla-specific tips to help lower your premium:
Complete a defensive driving course. Many insurers offer discounts for completing a defensive driving or accident-prevention course.
Ask for EV discounts. Some insurers have specialized discounts for hybrid or electric vehicles. Ask your insurance company if one is available.
Improve your Tesla Safety Score. If you have Tesla Insurance, drive smoothly, avoid hard braking, maintain safe following distances, and limit aggressive turns to lower premiums.
Enable Full Self-Driving (FSD). Tesla Insurance provides discounts for driving with FSD. The more you drive with FSD, the bigger your discount.
Compare quotes. Insurance rates change frequently, and shopping around every six months ensures you’re getting the best deal for your insurance policy.
Compare personalized quotes and find the insurer best suited to your Tesla.
Here are the most common questions we hear from Tesla owners looking to save on their insurance.
The average Tesla costs around $233 per month for car insurance, according to Compare.com data. But quotes depend on factors like the model you choose, your driving history, and the coverage levels you select.
Tesla models are among the most expensive electric vehicles (EVs) to insure.[2] That’s because repairs are costly and often require specialized labor that many shops aren’t equipped to handle.
Tesla’s insurance program is available in 12 states: Arizona, California, Colorado, Illinois, Maryland, Minnesota, Nevada, Ohio, Oregon, Texas, Utah, and Virginia. But California drivers don’t have access to the Real-Time Insurance option that uses driving behavior to determine rates.
It depends. In California, Tesla Insurance covers Tesla models as well as non-Tesla vehicles. But in all other states where it offers coverage, the company limits its insurance offerings to Teslas.
No. Teslas tend to come with higher insurance costs than the average car. Despite more expensive premiums, you can often find affordable coverage by shopping around, looking into Tesla’s insurance program, and taking advantage of EV-specific discounts.
Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.
All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.
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Compare.com's #1 goal is to save you money. We publish resources that are based on hard-hitting data and years of industry experience to help you make more informed decisions with your wallet.
Learn more about us, our team, and what makes us tick.
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Amy Beardsley is a seasoned insurance expert who’s been writing for Compare.com since 2023. She has more than 12 years of industry knowledge and expertise in auto, home, life, commercial, and other insurance products. Amy’s work has been published by Berkshire Hathaway Specialty Insurance, Legal & General, NerdWallet, Robinhood, Insurify, NEXT Insurance, and more.
Amy worked as a court administrator before becoming a content marketing writer. Her legal background has equipped her with the ability to simplify complex technical language into easy-to-understand content.
She graduated magna cum laude from Ferris State University, where she earned a Bachelor of Science in Business Administration and Legal Studies.
Nick Versaw leads Compare.com's editorial department, where he and his team specialize in crafting helpful, easy-to-understand content about car insurance and other related topics. With nearly a decade of experience writing and editing insurance and personal finance articles, his work has helped readers discover substantial savings on necessary expenses, including insurance, transportation, health care, and more. As an award-winning writer, Nick has seen his work published in countless renowned publications, such as the Washington Post, Los Angeles Times, and U.S. News & World Report. He graduated with Latin honors from Virginia Commonwealth University, where he earned his Bachelor's Degree in Digital Journalism.
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