+120 more)
Taylor Milam-Samuel is an experienced insurance writer for Compare.com. A credentialed educator, Taylor is passionate about personal finance and understanding how people manage their money. You can find her work across several trusted insurance and personal finance sites, including U.S. News & World Report, Business Insider, Credit Karma, Insurify, and more.
Taylor has been writing for Compare.com since 2025.
)
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.
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.
Insuring a Tesla Model S is nearly 60% pricier than the average for all vehicles, according to our research. Teslas have higher-than-average insurance costs because they’re typically expensive and their safety ratings generally aren’t as strong as other vehicles[1] — a costly mix for car insurance.
The good news is you can still find some budget-friendly options. Our data shows that companies like HiRoad and Mile Auto are some of the most affordable insurance companies for a Model S, with average rates around $100 per month. So while it might require some extra effort, you can still find a solid deal on coverage. It might just require some extra effort.
Here’s an in-depth guide on how to find the best insurance for your Model S.
Liability-only coverage for the Tesla Model S costs an average of $171 per month, while full coverage averages $315.
Tesla Model S drivers in North Carolina have the lowest rates, while drivers in New York pay the most.
Mile Auto has the cheapest average rates for the 2025 Tesla Model S.
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 | $171 | $315 | $243 |
| All vehicles | $107 | $197 | $152 |
The average Model S driver pays $171 for liability only and $243 for full coverage. Both figures are well above the national average for all vehicles of $107 and $197 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.
It costs an average of $243 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 |
|---|---|
| HiRoad | $101 |
| Mile Auto | $145 |
| Safeco | $164 |
| Mercury | $171 |
| Just Insure | $177 |
With rates starting at $101, HiRoad has some of the cheapest insurance for a Tesla Model S.
But HiRoad might not be the most affordable option for you. Insurance costs depend on your personal situation, and factors like your age, driving record, and ZIP code all play a big role in how much you pay.
Now, let’s take a look at the best Model S insurers for different driver profiles.
Comparing quotes can save you as much as $867.†
The “best” insurance company for you depends on your preferences, ZIP code, credit history, and a lot of other factors. Figuring out what matters most to you can make the search easier. For example, you might want to get the lowest price, or maybe you need a specific type of protection. Your unique priorities can guide you in the right direction.
The following options are our picks for the best car insurance companies in different categories, like price, coverage options, and unique perks.
| 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 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $56/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $109/mo |
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.[2] 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 middle of the road, according to J.D. Power.[3] 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 | NR |
|---|---|
| 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. | NR |
Customers appreciate the accessible and friendly customer service but are unhappy with the significant and frequent price increases, especially for those with safe driving records.
Customers appreciate the accessible and friendly customer service but are unhappy with the significant and frequent price increases, especially for those with safe driving records.
Safeco has some of the cheapest policies for Tesla Model S drivers, making it a stand-out option if you’re looking to save money. The company has a wide range of coverage options with impressive extras, like claims-free cash back and diminishing deductibles.
But you won’t find many discounts, and overall customer satisfaction is lower than expected, according to the most recent J.D. Power U.S. Insurance Shopping Study.[4] You also have to work with an independent agent when you set up a policy, which might not be ideal if you want a completely digital experience.
Affordable pricing
Plentiful coverage extras
Claims-free cash back
Few discounts available
Below-average claims satisfaction
Must work with agent
| AM Best AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | NR |
|---|---|
| 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. | 4.4 /5 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $64/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $98/mo |
Mile Auto has one of the strongest programs for usage-based insurance, making it a solid choice if you don’t drive much. Unlike many other car insurers, the company won’t track your data, and the average prices are impressively low for a Model S, according to our data.
That said, coverage is available only in a handful of states — Arizona, Florida, Georgia, Ohio, Oregon, Tennessee, and Texas — so it’s not an option for everyone. The claims process is also hit or miss, according to customer reviews.
Low average rates
Robust usage-based program
No data tracking
Not available in most states
Inconsistent claims process
Few coverage choices
Average rates start as low as $101 per month.
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 | Cheapest Insurer | Cheapest Insurer’s Average Monthly Premium |
|---|---|---|---|
| 2025 | $264 | Mile Auto | $152 |
| 2024 | $268 | Safeco | $161 |
| 2023 | $258 | HiRoad | $88 |
| 2022 | $246 | Safeco | $150 |
| 2021 | $253 | Safeco | $158 |
| 2020 | $266 | Mile Auto | $150 |
| 2019 | $239 | Mile Auto | $103 |
| 2018 | $245 | Mile Auto | $112 |
| 2017 | $228 | Mile Auto | $110 |
| 2016 | $222 | Mile Auto | $106 |
Even though the model year affects pricing, it’s not the only factor. Your location also has a big effect.
Each state has different car 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 | $160 |
| Arizona | $214 |
| Arkansas | $307 |
| California | $309 |
| Colorado | $251 |
| Connecticut | $488 |
| Delaware | $298 |
| Florida | $314 |
| Georgia | $318 |
| Idaho | $162 |
| Illinois | $200 |
| Indiana | $173 |
| Iowa | $146 |
| Kansas | $197 |
| Kentucky | $314 |
| Louisiana | $290 |
| Maine | $190 |
| Maryland | $442 |
| Massachusetts | $242 |
| Michigan | $376 |
| Minnesota | $242 |
| Mississippi | $242 |
| Missouri | $235 |
| Montana | $195 |
| Nebraska | $226 |
| Nevada | $382 |
| New Hampshire | $147 |
| New Jersey | $254 |
| New Mexico | $186 |
| New York | $618 |
| North Carolina | $120 |
| North Dakota | $186 |
| Ohio | $163 |
| Oklahoma | $208 |
| Oregon | $206 |
| Pennsylvania | $210 |
| Rhode Island | $184 |
| South Carolina | $352 |
| South Dakota | $155 |
| Tennessee | $181 |
| Texas | $285 |
| Utah | $234 |
| Vermont | $174 |
| Virginia | $232 |
| Washington | $179 |
| District of Columbia | $365 |
| West Virginia | $186 |
| Wisconsin | $163 |
| Wyoming | $155 |
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,[5] 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 | Cheapest Insurer | Cheapest Insurer’s Average Monthly Premium |
|---|---|---|---|
| Teen | $458 | HiRoad | $190 |
| Adults | $222 | HiRoad | $92 |
| Seniors | $187 | HiRoad | $78 |
The Model S is an expensive car, and the rates for young drivers reflect that. But as you get older, costs start to drop. You’ll see the lowest rates during retirement.
Your driving record documents at-fault accidents, speeding tickets, and driving under the influence (DUI) convictions. A “clean” record means you don’t have any violations, and you pay less for coverage as a result.
Insurance companies look at driving records to figure out the likelihood that you’ll file a future claim. Remember, claims cost insurers money. When you’re more likely to file a claim, companies charge more to compensate for the extra expense.[6]
With that in mind, let’s take a look at how rates vary for a Model S depending on your driving record.
Driving Record | Average Monthly Premium | Cheapest Insurer | Cheapest Insurer’s Average Monthly Premium |
|---|---|---|---|
| Clean record | $243 | HiRoad | $101 |
| Speeding ticket | $338 | HiRoad | $140 |
| At-fault accident | $352 | HiRoad | $146 |
| DUI | $400 | HiRoad | $166 |
A clean record means you can expect to pay a little less than $250 to insure your Model S. But if you cause an accident or get a DUI, average rates jump by as much as 65%, according to our data.
But regardless of your driving record, you can always find ways to save. Comparing auto insurance quotes from at least three companies can help you find the cheapest rates.
)
The type of car you drive — including its trim level, year, and model — affects the cost of coverage. The Tesla Model S is more expensive to insure than other makes and models for a variety of reasons.
Here’s a look at some of the vehicle’s features that affect how much you pay for insurance.
High price tag: The starting price for a new Tesla Model S is around $80,000 — significantly higher than the average sale price of nearly $48,000 for all vehicles.[7] Coverage is more expensive since the car costs more to replace.
Average safety features: The Model S earns a “moderate” safety score from the European New Car Assessment Programme.[8] It’s not a particularly strong rating, and the driving-assist feature safety rating is particularly low. Lower safety ratings may be associated with an increased risk of crashes or other issues, ultimately leading to a higher number of insurance claims.
Specialized replacement parts: You must order replacement parts directly from Tesla, and they’re not cheap. That makes repairs more expensive, which increases insurance costs.
)
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 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 cheaper model. The Model S is one of the most expensive Tesla models. If you’re currently shopping for a car or considering a trade-in, consider a cheaper Tesla, like the Model 3 or Model Y, for slightly cheaper coverage.
Compare quotes regularly. Insurance companies provide free quotes for coverage, and it only takes a few minutes to get one. Compare 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 $171 per month for liability-only and $315 per month for full coverage, according to Compare.com data.
HiRoad is the cheapest insurance company for a Tesla Model S, with average rates as low as $101 per month, according to Compare.com data. But coverage is available only in Rhode Island and Arizona. Mile Auto and Safeco also have low average rates.
Car insurance for a 2025 Tesla Model S costs an average of $264 per month, according to Compare.com data. You can find lower rates from some insurers, though. For example, Safeco has coverage starting at $152 per month.
The Model Y is the cheapest Tesla to insure, according to Compare.com data. It costs an average of $226 per month — around $40 lower than the cost of coverage for the Model S.
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.
)
Taylor Milam-Samuel is an experienced insurance writer for Compare.com. A credentialed educator, Taylor is passionate about personal finance and understanding how people manage their money. You can find her work across several trusted insurance and personal finance sites, including U.S. News & World Report, Business Insider, Credit Karma, Insurify, and more.
Taylor has been writing for Compare.com since 2025.
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.
)
)
