How Much Does Tesla Car Insurance Cost?

The Average Cost of Tesla Insurance

Tesla cars have become some of the most sought-after vehicles on the road today, and for good reason. They are stylish, reliable, and packed with features that make them a great ride. But what about the cost of Tesla car insurance? How much will it cost you to insure your Tesla model?

The average cost of insurance for a Tesla vehicle is higher than the average for other vehicles. According to insurance data provider Quadrant, the average annual cost of insurance for a Tesla Model S is $2,462. That’s about $204 per month. That’s significantly higher than the average for other vehicles, which is about $1,548 per year or $129 per month.

Factors That Influence Tesla Insurance Costs

As with any vehicle, there are a number of factors that influence the cost of insurance for a Tesla. The most important of these is the driver’s driving record. Drivers with a history of traffic violations, such as speeding or DUIs, can expect to pay higher premiums than those with a clean record. Other factors that influence the cost of Tesla insurance include the age of the driver, the value of the vehicle, and the type of coverage chosen.

The type of coverage chosen is especially important when it comes to Tesla cars. Tesla vehicles are more expensive to insure than other cars, so it’s important to get the right coverage. Comprehensive coverage, which covers damage to the vehicle from events other than an accident, is often a must for Tesla owners. Liability coverage is also important, as it covers damage to other vehicles or property in the event of an accident.

How to Get the Best Rates on Tesla Insurance

Like any other car, the best way to get the best rates on Tesla insurance is to shop around. Compare quotes from different insurance providers to find the best deal. Also, don’t be afraid to ask questions. Insurance companies are more than happy to answer questions and provide more information about their policies.

You can also lower your rates by taking steps to make your vehicle less of a risk. Installing safety features, such as anti-lock brakes, can help reduce your premiums. You can also qualify for discounts if you have a good driving record or take a defensive driving course.

Bottom Line

Tesla car insurance is more expensive than the average for other vehicles, but that doesn’t mean it has to break the bank. By shopping around and taking steps to make your vehicle less of a risk, you can get the best rates on your Tesla insurance.