News Image

How Much Does It Cost to Insure a Tesla Model S

Provided By Get News

Last update: Sep 20, 2022

The Tesla Model S is considered to be an expensive car to insure compared to other branded vehicles. This is because it has higher repair costs and might increase the cost of collision coverage. One thing to remember is that the price of their car policy may depend on the model of their Tesla, their driving record, the trim they choose, and the amount of coverage they select.

Tesla S is a best-selling electric vehicle and is the logical model for the automaker’s sport line. This kind of model insurance cost might vary based on the specific factors such as:

  • Driving record
  • Their age
  • Year of the vehicle
  • The limit set to coverage
  • Equipment upgrades
  • Others variation unique to each other

Tesla Model S insurance rates are pretty high but car insurance rates are always high for high performance cars. The model S is more than just a luxury car. It’s an all-electric car with a lot of high-tech features that make it a lot different from other cars out there. Tesla is also known for offering great deals on their insurance. Especially when it comes to comprehensive coverage. Tesla offers 6 months free comprehensive car insurance for the Model S if one lease or buy the car within 4 days of ordering. This is a benefit not many other car manufacturers offer.

How does the Tesla Model S insurance rate vary?

Based on the annual premiums, Tesla’s insurance might cost $2,202 a year for full coverage. Keep in mind that rates might be lower or higher based on the insurance company that one choose. At the same time, some personal factors are also affecting car insurance rate like:

  • Price of parts
  • Crash rate stats per model or make
  • Safety features

The Tesla model S has a large number of standard safety features, which might offset the cost of the coverage. Several cameras monitor potential blind spots and hazards to alert the driver. Overhead and knee airbags are available throughout the cabin. Traction control, however, is the most reliable safety option for their vehicle. One should choose full coverage because they understand the value of their vehicle. This type of coverage option offers collision and comprehensive coverage. Tesla has a higher level of full coverage than the national average.

Things to Know About Tesla Model S Insurance Rate

Sara Routhier, Director of Outreach at BuyAutoInsurance.com, lists Tesla’s specific features that help minimize car insurance costs:

  • Autopilot mode
  • Sentry mode
  • Security Alarm
  • PIN to Drive
  • Intrusion Sensors

The Sentry mode is one of the most effective anti-theft systems, which activates a camera when someone stands near their vehicle. In this way, they can deter potential car theft, but the camera might cost a lot to fix, so they may end up paying more for Tesla’s car insurance. One may be able to get a lower monthly premium with Tesla insurance if they have a higher safety score.

Safe drivers can get lower insurance costs that help them save money. Tesla’s autopilot modTesla’s autopilot mode, one may qualify. This mode is similar to Tesla’s driver assistance technology and is designed to help drivers by accelerating, steering, and braking under their supervision. If they do some research on the internet, they can easily find the most suitable insurance policy that meets their needs. If one chooses full coverage car insurance, it can provide collision and comprehensive coverage. Collision insurance pays out if their car collides with another vehicle, a light pole or a tree.

Where to Find the Best Deals on The Tesla Model S Insurance Policy

The National Highway Traffic Safety Administration conducts crash tests on Tesla cars for the purpose of choosing crash test ratings for different vehicles. It is wise to keep in mind that the crash test ratings of Tesla’s model S vehicle might have a significant impact on their auto insurance rates. One can also look at the Tesla model s crash test ratings. If their Tesla vehicle has a higher crash test rating, one may have a safer vehicle that will result in lower insurance costs. This is because their Tesla vehicle is less risky.

There are many safety features on the model S that can lower their insurance costs. These include brake assist, air bags for the driver and passenger, electronic stability control, child safety locks, and blind spot monitors. Check with the insurance company to find out which safety features can earn them discounts. It is helpful to choose the best insurance company online because they offer quotes for each insurance company so one can choose based on their needs. One will need to pay more when they are financing their Tesla model S, so they should compare the quotes from the insurance companies when they are seeking to obtain the right auto insurance.

In New York, Texas, or anywhere in the country, one can save on insurance if they follow some strategies, such as asking about seasonal insurance, taking advantage of ride-sharing services, paying their bills on time, and inquiring about discounts with their insurance company.

Conclusion

If one uses a rating tool, they can get quotes from a variety of insurance companies so they can choose the most appropriate one for them. Tesla model S insurance is one of the most effective ways to save money when purchasing model S insurance. One can also get Tesla model S insurance directly from Tesla and they offer lower insurance rates for Tesla drivers along with safety ratings. Using Tesla’s understanding of their technology, vehicles, safety, and repair costs, they can minimize the fees charged by traditional insurance companies.

Media Contact
Company Name: BuyAutoInsurance.com
Contact Person: Sara Routhier
Email: Send Email
Country: United States
Website: https://www.buyautoinsurance.com/

TESLA INC

NASDAQ:TSLA (6/30/2025, 8:00:01 PM)

After market: 311.19 -6.47 (-2.04%)

317.66

-5.97 (-1.84%)



Find more stocks in the Stock Screener

TSLA Latest News and Analysis

ChartMill News Image14 hours ago - ChartmillMost active S&P500 stocks in Monday's session

Looking for the most active S&P500 stocks in today's session? Join us as we dive into the US markets on Monday and discover the stocks that are dominating the trading activity and setting the pace for the market.

Mentions: F AMZN SMCI AMD ...

ChartMill News Imagea day ago - ChartmillMarket Monitor News June 30 BMO (UP - DOWN)

Wall Street Rockets Higher as Geopolitics Cool and AI Craze Reignites

Mentions: NKE NVDA CNXC PLTR ...

ChartMill News Image4 days ago - ChartmillMost active S&P500 stocks in Friday's session

Curious about the most active S&P500 stocks in today's session? Get insights into the stocks that are leading the way in terms of trading volume and market attention.

Mentions: F AMZN SMCI AAPL ...

ChartMill News Image5 days ago - ChartmillWhat's going on in today's session: S&P500 most active stocks

Stay informed about the most active S&P500 stocks in today's session as we take a closer look at what's happening on the US markets on Thursday. Discover the stocks that are generating the highest trading volume and driving market activity.

Mentions: F SMCI AAPL AMD ...

ChartMill News Image6 days ago - ChartmillStay informed with the top movers within the S&P500 index on Wednesday.

Stay informed about the performance of the S&P500 index one hour before the close of the markets on Wednesday. Uncover the top gainers and losers in today's session for valuable insights.

Mentions: CAG GIS NTRS BXP ...

ChartMill News Image6 days ago - ChartmillCurious about the most active S&P500 stocks in today's session?

Stay informed about the most active S&P500 stocks in today's session as we take a closer look at what's happening on the US markets on Wednesday. Discover the stocks that are generating the highest trading volume and driving market activity.

Mentions: F SMCI AAPL AMD ...

ChartMill News Image6 days ago - ChartmillThese stocks are the most active in today's session

Discover the most active stocks in Wednesday's session. Stay informed about the stocks that are generating the most trading volume!

Mentions: DNN NVDA GNLN PSTV ...

ChartMill News Image6 days ago - ChartmillWhich S&P500 stocks are moving on Wednesday?

Let's have a look at what is happening on the US markets in the middle of the day on Wednesday. Below you can find the top S&P500 gainers and losers in today's session.

Mentions: GIS NTRS LLY GD ...

ChartMill News Image6 days ago - ChartmillWhich S&P500 stocks are gapping on Wednesday?

Let's have a look at what is happening on the US markets on Wednesday. Below you can find the S&P500 gap up and gap down stocks in today's session.

Mentions: GIS MLM VMC FDX ...

ChartMill News Image6 days ago - ChartmillTESLA INC (NASDAQ:TSLA) – A Strong Growth Stock with Technical Breakout Potential

TESLA INC (NASDAQ:TSLA) combines strong growth fundamentals with a bullish technical setup, making it a stock worth watching for investors seeking growth opportunities.

ChartMill News Image6 days ago - ChartmillMarket Monitor News June 25 BMO (UP - DOWN)

Markets Find Their Groove as Geopolitics Cool Down and Powell Softens the Edges

Mentions: OXY XOM FDX MA ...

ChartMill News Image7 days ago - ChartmillCurious about the most active S&P500 stocks in today's session?

Explore the S&P500 index on Tuesday and find out which stocks are the most active in today's session. Stay updated with the stocks that are capturing market interest.

Mentions: F CCL SMCI AAPL ...

Follow ChartMill for more