+120 more)
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.
)
)
Lequita Westbrooks is an insurance editor at Compare.com. Her writing and editing experiences span several industries, including insurance, personal finance, higher education, and more. She excels at explaining complex topics like auto insurance in simple, easy-to-understand language and is passionate about helping readers save money. Lequita graduated from the University of South Florida, where she earned her Bachelor’s degree in English.
)
)
Licensed property and casualty insurance agent
NPN: 21630969
MacK Korris is a licensed insurance agent who reviews and fact-checks articles for Compare.com. MacK has several years of experience reviewing and editing a variety of insurance topics, and he also holds valid insurance producer licenses in property and casualty lines from the Missouri Department of Commerce and Insurance (NPN #21630969).
Updated
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.
While we make money through partnerships with some of the brands we discuss in our articles, our editorial team operates 100% independently, and these partners never influence or affect the topics, reviews, ratings, or recommendations we provide. We never guarantee favorable reviews or mentions in exchange for compensation from any brands or partners, and we uphold strict editorial standards to ensure our content is always independent, truthful, and unbiased.
At $219 per month, on average, Tesla Model S coverage options are 32% more expensive than the average for all cars.
USAA offers the cheapest average Model S premiums, with an average cost of $128 per month.
The Model S’s performance specs, specialized electric vehicle (EV) repairs, and high collision claims payouts can increase car insurance rates.
Tesla Model S drivers pay more for coverage since the cars are pricey and complex, but several factors play into how much you’ll actually pay for coverage.
Choosing liability-only coverage saves money, but it gives you less protection. These policies meet the minimum requirements in most states, but they don’t pay for any of your repair costs when you cause an accident, hit something, or damage your car.
Most insurance experts recommend paying extra for full-coverage insurance. It typically includes comprehensive and collision coverage in addition to liability. Tesla repairs can add up quickly, so a full-coverage policy can pay for itself when you need to file a claim.
Let’s check out what you can expect to pay for both coverage types, according to Compare.com data.
Vehicle  | Average Monthly Premium: Liability Coverage | Average Monthly Premium: Full Coverage | Average Monthly Premium: All Policies |
|---|---|---|---|
| Tesla Model S | $127 | $311 | $219 |
| All vehicles | $116 | $216 | $166 |
The average Model S driver pays $127 per month for liability only and $311 per month for full coverage. Both figures are well above the national average for all vehicles of $116 per month and $216 per month, respectively.
But remember that your exact cost depends on different factors, including the insurance company you select. With that in mind, let’s dive deeper into the cheapest insurance companies for Model S owners.
Find the coverage you need for your Model S at the best price.
It costs an average of $219 to insure a Tesla Model S — substantially more than the average vehicle. But the good news is you can always find ways to save.
We’ve broken down the five cheapest companies for a Model S in the table below.
Company | Average Monthly Premium |
|---|---|
| USAA | $128 |
| State Farm | $142 |
| Allstate | $181 |
| GEICO | $198 |
| American Family | $193 |
| User Reviews | 4.3 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.5 /5 |
Customers appreciate the prompt customer service and claims handling but are frustrated by the significant and frequent price increases.
Customers appreciate the prompt customer service and claims handling but are frustrated by the significant and frequent price increases.
USAA is a strong option for military-affiliated drivers looking to insure a Tesla Model S at a lower cost. The company offers some of the most affordable car insurance rates in the industry, along with an A++ (Superior) financial strength rating from AM Best.
While USAA receives poor reviews on Trustpilot, it consistently earns high marks from J.D. Power for overall customer satisfaction.
| User Reviews | 3.9 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.7 /5 |
Customers appreciate the helpful agents and prompt claim handling, but many are unhappy with the constant rate increases, even for safe drivers. Some also reported poor customer service.
Customers appreciate the helpful agents and prompt claim handling, but many are unhappy with the constant rate increases, even for safe drivers. Some also reported poor customer service.
State Farm is the largest insurer in the U.S. by market share.[4] When you look into the company’s average rates, customer service scores, available discounts, and policy management features, it’s easy to see why. Not only does State Farm boast some of the most affordable average rates of any insurer, large or small, but it also consistently ranks near the top of J.D. Power’s annual auto insurance study.
That said, one area where State Farm experiences issues is with claims satisfaction, where it scores in the middle of the road, according to J.D. Power. And if you prefer a digital-first insurance experience, State Farm may not be right for you.
Cheap average rates
Plenty of discounts available
Highly rated mobile app
Must work with agent
Potentially frustrating claims process
Mixed customer service scores
| User Reviews | 3.6 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.5 /5 |
Customers appreciate the insurer's efficient service and knowledgeable agents but find the consistently rising rates and lack of communication to be major drawbacks.
Customers appreciate the insurer's efficient service and knowledgeable agents but find the consistently rising rates and lack of communication to be major drawbacks.
Allstate can be a solid option for Tesla Model S drivers seeking nationwide coverage and a wide range of coverage options. The company offers features like accident forgiveness and gap coverage.
Its highly rated mobile app makes it easy to connect with your agent and manage your policy.
That said, Allstate’s rates tend to be higher than some competitors, and it receives below-average claims satisfaction ratings and poor reviews on Trustpilot.
Comparing quotes can save you up to $867.†
The age of your car is another factor that affects insurance costs. Newer cars are generally worth more and cost more to replace, which means they cost more to insure. Vehicle age is just one factor insurance companies consider, but it can affect which insurer makes the most sense for you.
Here’s a look at how much you can expect to pay for coverage based on the age of your Model S, according to Compare.com data.
Model S Model Year | Average Monthly Premium |
|---|---|
| 2026 | $263 |
| 2025 | $265 |
| 2024 | $265 |
| 2023 | $264 |
| 2022 | $264 |
| 2021 | $255 |
| 2020 | $243 |
| 2019 | $238 |
| 2018 | $229 |
| 2017 | $226 |
| 2016 | $219 |
| 2015 | $214 |
Even though the model year affects pricing, it’s not the only factor. Your location also has a big effect.
Company | Average Monthly Premium |
|---|---|
| USAA | $153 |
| State Farm | $170 |
| Allstate | $217 |
| GEICO | $237 |
| CSAA | $260 |
Company | Average Monthly Premium |
|---|---|
| USAA | $155 |
| State Farm | $172 |
| Allstate | $219 |
| American Family | $233 |
| GEICO | $239 |
Company | Average Monthly Premium |
|---|---|
| USAA | $155 |
| State Farm | $172 |
| Allstate | $219 |
| American Family | $233 |
| GEICO | $239 |
Company | Average Monthly Premium |
|---|---|
| USAA | $154 |
| State Farm | $171 |
| Allstate | $218 |
| American Family | $232 |
| GEICO | $238 |
Company | Average Monthly Premium |
|---|---|
| USAA | $154 |
| State Farm | $171 |
| Allstate | $218 |
| American Family | $232 |
| GEICO | $238 |
Company | Average Monthly Premium |
|---|---|
| USAA | $149 |
| State Farm | $165 |
| Allstate | $211 |
| American Family | $225 |
| GEICO | $230 |
Company | Average Monthly Premium |
|---|---|
| USAA | $142 |
| State Farm | $158 |
| Allstate | $201 |
| American Family | $214 |
| GEICO | $220 |
Company | Average Monthly Premium |
|---|---|
| USAA | $139 |
| State Farm | $154 |
| Allstate | $197 |
| American Family | $210 |
| GEICO | $215 |
Company | Average Monthly Premium |
|---|---|
| USAA | $134 |
| State Farm | $149 |
| Allstate | $190 |
| American Family | $202 |
| GEICO | $207 |
Company | Average Monthly Premium |
|---|---|
| USAA | $132 |
| State Farm | $146 |
| Allstate | $186 |
| American Family | $199 |
| GEICO | $204 |
Company | Average Monthly Premium |
|---|---|
| USAA | $128 |
| State Farm | $142 |
| Allstate | $181 |
| American Family | $193 |
| GEICO | $198 |
Company | Average Monthly Premium |
|---|---|
| USAA | $125 |
| State Farm | $139 |
| Allstate | $177 |
| American Family | $188 |
| GEICO | $193 |
Each state has different auto insurance laws and location-specific considerations like weather and population size. Because of that, you’ll pay less or more for Tesla Model S coverage depending on where you call home.
The map below breaks down the average cost of insurance for a Model S in every state, according to Compare.com data.
state_id | Average Monthly Premium |
|---|---|
| Alabama | $105 |
| Arizona | $112 |
| Arkansas | $121 |
| California | $136 |
| Colorado | $136 |
| Connecticut | $189 |
| Delaware | $159 |
| Florida | $148 |
| Georgia | $169 |
| Hawaii | $84 |
| Idaho | $70 |
| Illinois | $105 |
| Indiana | $87 |
| Iowa | $71 |
| Kansas | $99 |
| Kentucky | $131 |
| Louisiana | $142 |
| Maine | $93 |
| Maryland | $202 |
| Massachusetts | $100 |
| Michigan | $153 |
| Minnesota | $115 |
| Mississippi | $100 |
| Missouri | $121 |
| Montana | $99 |
| Nebraska | $96 |
| Nevada | $168 |
| New Hampshire | $58 |
| New Jersey | $179 |
| New Mexico | $96 |
| New York | $146 |
| North Carolina | $59 |
| North Dakota | $78 |
| Ohio | $82 |
| Oklahoma | $114 |
| Oregon | $101 |
| Pennsylvania | $107 |
| Rhode Island | $146 |
| South Carolina | $162 |
| South Dakota | $92 |
| Tennessee | $95 |
| Texas | $146 |
| Utah | $100 |
| Vermont | $95 |
| Virginia | $119 |
| Washington | $113 |
| Washington D.C. | $209 |
| West Virginia | $98 |
| Wisconsin | $80 |
| Wyoming | $75 |
Auto insurance companies also look at age when figuring out rates. Typically, the less experience you have on the road, the more you’ll pay for coverage.
Data from the National Highway Traffic Safety Administration (NHTSA) shows that teens are three times more likely to crash compared to drivers in other age groups,[7] and they pay the most for coverage because of it.
Let’s take a look at how much you can expect to pay for Model S insurance based on your age.
Age Group | Average Monthly Premium |
|---|---|
| Teens | $420 |
| Adults | $219 |
| Seniors | $188 |
Teslas and teens are an expensive combination. Teen drivers are more likely to speed and get distracted, according to the Centers for Disease Control and Prevention (CDC). Riskier driving behaviors contribute to higher crash rates among young drivers, which in turn affect auto insurance costs.
In fact, collision losses for Teslas are 151% higher than for the average vehicle, according to the Insurance Institute for Highway Safety (IIHS) data.[8] Asking about car insurance discounts, such as a good student discount, and comparing car insurance rates can help lower your premium.
Here’s a look at the cheapest Tesla Model S insurance options for teens, according to our data.
Senior drivers typically see lower car insurance rates, thanks to a steadier risk profile. Older drivers have more driving experience and are more likely to drive fewer miles and avoid nighttime driving, according to the IIHS. Their more cautious driving habits reduce the risk of crashes.
Rates vary by company, but some insurers offer senior-specific discounts, which can further reduce already low rates. The chart below shows the average monthly insurance premiums for seniors Tesla Model S drivers by companies, according to our data.
Your driving history is especially important for luxury car insurance, as — Teslas aren’t cheap to fix. A clean driving history typically qualifies for the lowest rates, while violations signal a higher risk to insurers. Even a single speeding ticket can raise rates by an average of 29% nationwide, according to Compare.com.
Here’s how your driving record can affect your average monthly premium, according to our research.
Driving Record | Average Monthly Premium |
|---|---|
| Clean record | $219 |
| Speeding ticket | $293 |
| At-fault accident | $313 |
| DUI | $368 |
The Tesla Model S is a high-performance car, and the Plaid, with 1,000+ horsepower, can reach top speeds of up to 200 mph. Speeding contributes to nearly one-third of traffic fatalities, according to the National Highway Traffic Safety Administration (NHTSA), so it makes sense that insurers increase insurance premiums after a ticket.[9]
Rates vary by company, but severe speeding violations typically lead to larger rate increases. Shopping around for car insurance can help keep costs in check. The following companies offer the lowest Model S premiums after a ticket, according to our data.
Past accidents — especially crashes you cause — signal a higher risk to insurers because it means you’re more likely to file a claim in the future. The effect can be even greater for electric vehicles (EVs) like the Tesla Model S, since repairs cost more, often take longer, and require specialized technicians.
Insurance companies weigh accidents differently, and some offer accident forgiveness that can help keep rates from rising after a crash. Still, comparing rates and switching insurance companies might help you find lower rates.
The chart below lists the cheapest insurers for Model S drivers after an accident, according to our data.
Drivers with a driving under the influence (DUI) conviction usually see the sharpest insurance rate increases of any driving violation because impaired driving poses a serious safety risk. The cost goes beyond insurance premiums. You’ll also face legal fees, fines, and lost wages, which can add up to $10,000, according to the NHTSA.[10]
Insurers treat DUI convictions differently, and some specialize in high-risk driving. That’s why comparing car insurance quotes is so important. To give you an idea of what drivers pay after a DUI, the chart below shows average rates for the Tesla Model S, according to our data.
)
Several factors affect Tesla Model S insurance costs, many of which are tied to the car’s value, performance, and repair costs.
High vehicle value: Model S sticker prices start around $86,630, with the Plaid trim exceeding $100,000, increasing replacement costs, according to Kelley Blue Book.
Higher repair and claims costs: EV repairs tend to cost more to repair, but collision claims for the Model S are 2.5two and a half times higher than the average car.
Luxury and performance design: The Model S is packed with luxury features and high-performance specs, which typically cost more to insure than standard sedans.
Advanced safety features: Emergency braking, collision warning, and other safety systems mean a lower chance of bodily injury with the Model S.
Lower theft risk: The Model S isn’t highlighted in recent National Insurance Crime Bureau reports, likely due to Tesla's built-in anti-theft systems that make it harder to steal.
)
Here’s a look at the most effective steps you can take to lower the cost of Tesla Model S insurance.
Look for usage-based coverage. You might be able to save money with usage-based insurance if you’re a safe driver or drive fewer than 10,000 miles per year. These programs base pricing on your behavior behind the wheel and the amount you drive.
Ask about discounts. Most insurers offer different car insurance discounts — such as ones for new cars and bundling policies — that help lower coverage costs. Check if you qualify for any before deciding which company to use.
Consider a higher deductible. Increasing your deductible is one of the easiest ways to lower your car insurance premium. A higher deductible means you’ll pay more if you file a claim, but it can noticeably reduce your monthly premium.
Compare quotes regularly. Insurance companies provide free quotes for coverage, and it only takes a few minutes to get one. Compare car insurance quotes from at least three companies every time your policy renews to make sure you’re getting the best deal.
Bring the insurance companies to you and get quotes from dozens of insurers.
The answers to these common questions can help you make the best decision about coverage for your Tesla Model S.
Yes. Compared to the national average, it’s expensive to insure a Tesla Model S. It costs an average of $127 per month for liability-only and $311 per month for full coverage, according to Compare.com data.
USAA is the cheapest insurance company for a Tesla Model S, with average rates as low as $128 per month, according to Compare.com data. State Farm and Allstate also have low average rates.
Auto insurance for a 2026 Tesla Model S costs an average of $263 per month, according to Compare.com data. You can find lower car insurance rates from some insurers, though. For example, State Farm has coverage starting at $142 per month.
The Model S is the cheapest Tesla to insure, according to Compare.com data. The average monthly cost is $219. The Model Y and Model X are the next most affordable options.
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.
)
)
)
)
)
)
)
)
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.
)
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.
Lequita Westbrooks is an insurance editor at Compare.com. Her writing and editing experiences span several industries, including insurance, personal finance, higher education, and more. She excels at explaining complex topics like auto insurance in simple, easy-to-understand language and is passionate about helping readers save money. Lequita graduated from the University of South Florida, where she earned her Bachelor’s degree in English.
Licensed property and casualty insurance agent
NPN: 21630969
MacK Korris is a licensed insurance agent who reviews and fact-checks articles for Compare.com. MacK has several years of experience reviewing and editing a variety of insurance topics, and he also holds valid insurance producer licenses in property and casualty lines from the Missouri Department of Commerce and Insurance (NPN #21630969).
)
