Compare providers in your area.
Your information is secure
We pulled car insurance quotes from top insurance companies to find that the average monthly cost to insure a Tesla Model S is $306.22 a month — or $3,674.64 a year. However, some older models may cost less to insure than others depending on the safety features your vehicle has and which insurer you choose. And your actual costs depend on your specific details such as driving history, ZIP, age and other factors.
| Model Year | Progressive | Geico | State Farm | Farmers | Average |
|---|---|---|---|---|---|
| 2012 Tesla Model S | $145.75 | $178.80 | $207.11 | $336.05 | $216.93 |
| 2016 Tesla Model S | $170.75 | $229.37 | $293.62 | $349.40 | $260.79 |
| 2021 Tesla Model S | $203.76 | $275.97 | $371.38 | $373.77 | $306.22 |
Our rates are based on a single 30-year-old driver with a clean driving history living in California. California is one of seven states that doesn’t use gender to determine car insurance costs. We chose full coverage car insurance with liability limits that exceed the California state minimum requirements, which include:
Compare providers in your area.
Your information is secure
The Tesla Model S costs more to insure simply because it’s considered a luxury vehicle with a higher than average MSRP. Expensive cars mean expensive repairs in the case of an accident.
The Tesla Model S is an all-electric car that’s has been around since 2012. The large luxury car is known for its longest range for any EV model, generous cargo space and world-class performance. In 2013, the Tesla Model S won the World Green Car of the Year award.
The National Highway Traffic Safety Administration (NHTSA) only rated the rollover crash test, which received the highest possible safety rating. The Insurance Institute for Highway Safety (IIHS) rated the small overlap front test as acceptable, an average rating. All other crash tests performed by the IIHS received a good safety rating, the highest possible rating.
The Tesla Model S model includes lane departure warning, enhanced autopilot system and automatic emergency braking.
Originally launched in 2012, the Model S was Tesla’s first all-electric sedan on the market. Both practical and luxurious, there are two model series with different highlights. The Model S Long Range boasts the longest mile range on the market at an estimated 405 miles, while the Model S Plaid version packs in 1,020 horsepower backed by a trimotor powertrain and reaches speeds of 0 to 60 mph in 1.99 seconds.
Each model offers ample cargo space with a large rear trunk plus a front secondary trunk, and seats up to four passengers. Range, speed and storage aside, buyers are further drawn to the Model S for its adaptive cruise control and partial self-driving capabilities.
However, the Autopilot and Full Self-Driving Capability features require an attentive driver who has their hands on the wheel at all times. This means it will take some time for the automaker to develop and refine the vehicle’s fully automated driving ability.
It is possible for non US citizens or resident aliens to get a personal loan, including a mortgage, in the US. Here’s how.
Top picks for apps like OneBlinc with higher loan amounts, lower fees or other features.
A review of OneBlinc’s cash advance app, the pros and cons plus what customer reviews and complaints have to say.
Learn how to use Robinhood’s commission-free options trading platform to maximize your investment strategy despite market volatility.
Fifteen years since its creation and after years of dramatic rises and falls, bitcoin has finally hit six figures, a feat most thought impossible even a few years ago.
Looking for quick funds? Discover if MoneyMutual’s network can meet your emergency needs.
A review of WithU Loans, a tribal lender that charges triple-digit APRs and has a pattern of complaints with the Better Business Bureau.
Need quick cash? See how BMG Money helps employees handle emergencies without a credit check.
Legit lenders don’t offer guaranteed approval loans, but some options come pretty close if you can meet the lenient requirements to qualify.
How to get first-time personal loans with no credit history, ways to improve your odds of qualifying and alternative loan options.