Tesla Model S Car Insurance Calculator

Learn visually how choices you make affect car insurance rates for a Tesla Model S. Change vehicle usage, driver gender, marital status, and the state you live in plus many other factors. Know immediately if the change you make has positive or negative consequenses.

The average estimated car insurance premium for a 2024 Tesla Model S is $3,070 per year, or about $256 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$3,070

Cost Per Month

$256

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

Tesla Model S Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a Tesla Model S.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$3,070
Average Rate
Your Rate
$3,070

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

Changing the Model Year option in the calculator will reset the Average Rate to the average cost to insure that specific model year Tesla Model S.

The 'Average Rate' is a combined value for all Tesla Model S trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2024 Tesla Model S is $3,070.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2024 Tesla Model S Segment Comparison

The table below compares insurance rates for the 2024 Tesla Model S against all other models in the midsize luxury car segment. The Tesla Model S is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the Tesla Model S, with green values denoting cheaper rates and red values indicating more expensive rates compared to the Tesla Model S.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2024 Tesla Model S Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Mercedes-Benz CLA250$2,410-$660
2Lexus IS 300$2,414-$656
3Lexus ES 350$2,446-$624
4Mercedes-Benz AMG CLA35$2,456-$614
5Lexus RC 300$2,462-$608
6Jaguar XF$2,476-$594
7Cadillac CT5$2,526-$544
8Lexus ES 250$2,534-$536
9Lexus ES 300h$2,572-$498
10Audi A3$2,634-$436
11Infiniti Q50$2,650-$420
12Mercedes-Benz AMG CLA45$2,682-$388
13Audi S4$2,692-$378
14Mercedes-Benz EQE 350$2,724-$346
15BMW i4$2,734-$336
16Lexus IS 500$2,770-$300
17BMW 530i$2,848-$222
2024 Midsize Luxury Car Average$2,874-$196
18Audi S5$2,890-$180
19BMW 540i$2,900-$170
20BMW 430i$2,940-$130
21BMW i5$2,960-$110
22Genesis G80$2,976-$94
23Mercedes-Benz EQE 500$3,008-$62
24Mercedes-Benz AMG C43$3,024-$46
25Audi A6$3,036-$34
26Tesla Model S$3,070--
27BMW 530e$3,100$30
28Audi RS 5$3,106$36
29Audi S6$3,128$58
30BMW M440i$3,206$136
31Audi A7$3,268$198
32Lexus LC 500h$3,508$438
33Audi S7$3,624$554
34BMW M8$3,948$878

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2024 Model S Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2024 Tesla Model S.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2024 Tesla Model S Insurance Rates by Trim Level
2024 Tesla Model S Trim Level Annual Premium Cost Per Month
Base AWD$2,968$247
Plaid AWD$3,174$265

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2024 Tesla Model S for different driver ages.

2024 Tesla Model S Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$9,766$814
17$9,578$798
18$8,834$736
19$8,034$670
20$6,295$525
21$6,037$503
22$5,487$457
23$4,537$378
24$4,314$360
25$3,548$296
30$3,302$275
35$3,154$263
40$3,070$256
45$2,860$238
50$2,700$225
55$2,510$209
60$2,512$209
65$2,646$221
70$2,780$232
75$3,150$263
80$3,770$314

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all Tesla Model S trim levels.

Average Rates by Model Year

The table below shows average car insurance rates for different model years of the Tesla Model S.

These values do not change with the calculator settings. These rates provide a "base average rate" to compare your calculated rate to, and the highlighted row indicates the currently selected model year.

Changing the calculator settings will cause your rate to move higher or lower than the average annual premium.

If the calculated 'Annual Premium' shown at the bottom of your screen is higher than the highlighted annual premium in the table, refer to the insurance analysis section to find out what factors might be causing the increase.

Average Tesla Model S Insurance Rates by Model Year
Model Year and Vehicle Annual Premium Cost Per Month
2024 Tesla Model S$3,070$256
2023 Tesla Model S$3,498$292
2022 Tesla Model S$3,408$284
2021 Tesla Model S$3,298$275
2020 Tesla Model S$3,192$266
2019 Tesla Model S$2,788$232
2018 Tesla Model S$2,810$234
2017 Tesla Model S$2,710$226
2016 Tesla Model S$2,590$216
2015 Tesla Model S$2,590$216
2014 Tesla Model S$2,512$209
2013 Tesla Model S$2,266$189

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all Tesla Model S trim levels for each model year.