How To Purchase Tesla Car Insurance
If you live in California, own a Tesla and would like to purchase Tesla Car Insurance, simply request a quote from Tesla's website directly and apply for its car insurance coverage through. The cost of your premium will differ, as with every car insurance company, depending on factors such as:
The driver's age and gender.
Your driving record (previous accidents and traffic violations).
The year, make, and model of your Tesla.
How many miles you plan on driving per year.
Your credit score and payment history.
What Is Tesla Annual Insurance?
If you live in California and you're eligible for Tesla drivers insurance, then their plans are typically 12-month annual policies. This means that your rate will stay the same for a 12-month period.
If you continue to maintain a good driving record and improve your credit score, then you might get cheaper rates for your next coverage period. Conversely, if you get into an accident, miss payments, or receive tickets for traffic violations, then your insurance policy could increase.
How Much Does Tesla Insurance Cost
Although Tesla claims to offer cheaper car insurance quotes than other competing providers, they don't release exact numbers for their current rates. Since its insurance service is relatively new, there also isn't a lot of historical data to go off of.
So, that being said, we've found some data on the average Tesla policies in the state of California, the only state where it is currently available at. According to our research, here is the average cost for a full-coverage Tesla car insurance policy, depending on the model you drive, with Tesla's insurance:
| Model | Cost Per Month | Cost Per Year |
|---|
| 3 | $153 | $1,832 |
| S | $246 | $2,946 |
| X | $207 | $2,481 |
| Y | $230 | $2,756 |
| Roadster | $150 | $1,800 |
Tesla Model 3 Insurance Cost
If you've been wondering how much is insurance on a Tesla Model 3, then we can to tell you that the average Tesla model 3 insurance cost is $1,832 per year or $153 per month with Tesla as the insurance provider.
According to the Insurance Information Institute, the average automotive policyholder pays just over $1,200 per year to insure their vehicle, while our research found the average to stand on $1,700 a year. This means that the cost of insuring a Tesla Model 3 (their cheapest model) is almost $700 (or $200 based on our research) more per year than the national average. However, this is common for most individuals driving high-end sports or luxury vehicles that cost more money to repair after an accident.
Best Insurance for Tesla Model 3
The best insurance for Tesla Model 3 may be Tesla's own insurance. However, as you can see below, USAA Tesla model 3 insurance quote is the cheapest Tesla insurance among leading companies. Please find some Tesla Model 3 insurance quotes from some of the best car insurance companies:
| Company | Average Cost Per Year | Average Cost Per Month |
|---|
USAA
| $1,094
| $92 |
| Nationwide | $1,313 | $110 |
| Erie | $1,446 | $121 |
| State Farm | $1,697 | $142 |
| Tesla | $1,832 | $153 |
| GEICO | $2,492 | $208 |
| Allstate | $3,288 | $275 |
Tesla Model Y Insurance Cost
The average cost of car insurance for Tesla model Y is $2,756 a year, or $230 per month with Tesla as the insurance provider, which makes insurance on Tesla model Y approximately double the average car insurance cost.
Best Car Insurance for Tesla Model Y
As model Y insurance rates may differ from company to company and driver to driver, it is always wise to request a Tesla model Y insurance quote from various providers.
| Company | Average Cost Per Year | Average Cost Per Month |
|---|
| Progressive | $1,517 | $126 |
USAA
| $1,899
| $158 |
| State Farm | $1,938
| $162 |
| GEICO | $2,322 | $194 |
| Tesla | $2,756 | $230 |
- Progressive Tesla model Y insurance cost is the cheapest we've found with $1,517 per year or $126 per month rates on average
- USAA Tesla model Y insurance rate is another cheap option, with $1,899 a year or $158 a month on average
- State Farm Tesla model Y insurance cost is $1,938 per year or $162 per month on average
- GEICO Tesla model Y insurance cost is $2,322 per year or $194 per month on average
- Tesla car insurance is quite significantly more expensive for model Y than the other companies above as you can see, averaging $2,756 per year or $230 per month
Tesla Model X Insurance Cost
Tesla model X insurance cost is $2,164 a year or $180 a month in general with all companies, or $2,481 per year or $207 per month with Tesla's insurance.
Tesla Model S Insurance Cost
The average cost of car insurance for Tesla model S is $2,280 per year or $190 per month in general, or $2,946 per year and $246 per month with Tesla's auto insurance.
Tesla Roadster Insurance Cost
The average Tesla Roadster car insurance cost is $1,800 a year or $150 a month.
