2020 Tesla Model S Car Insurance Calculator

Understand how changes to risk factors and vehicle options impact the cost of car insurance for a 2020 Tesla Model S. Set options like homeowner status, credit history, and policy coverages to find out how each affects rates. Know immediately if your choice increases or decreases premium and learn exactly why.

The average estimated car insurance premium for a 2020 Tesla Model S is $3,192 per year, or about $266 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

$3,192

Cost Per Month

$266

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 2020 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.

$3,192
Average Rate
Your Rate
$3,192

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.

The 'Average Rate' is a combined value for all 2020 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 2020 Tesla Model S is $3,192.

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.

2020 Tesla Model S Segment Comparison

The table below compares insurance rates for the 2020 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.

2020 Tesla Model S Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Acura ILX$1,886-$1,306
2Lexus RC 300$2,168-$1,024
3Mercedes-Benz SLC300$2,230-$962
4Lexus ES 350$2,238-$954
5Lincoln MKZ$2,248-$944
6Mercedes-Benz AMG CLA45$2,268-$924
7Jaguar XE$2,272-$920
8Lexus IS 300$2,276-$916
9Audi A3$2,316-$876
10Cadillac CT5$2,354-$838
11Audi S5$2,414-$778
12Lexus GS 350$2,478-$714
13Mercedes-Benz E350$2,488-$704
14Lexus ES 300H$2,526-$666
15Audi S4$2,550-$642
16BMW 530i$2,558-$634
17BMW 540i$2,582-$610
18Mercedes-Benz CLA250$2,598-$594
19Genesis G80$2,604-$588
20Audi A6$2,614-$578
21Mercedes-Benz E450$2,644-$548
22BMW 430i$2,666-$526
23Mercedes-Benz CLS450$2,700-$492
24Jaguar XF$2,702-$490
2020 Midsize Luxury Car Average$2,704-$488
25BMW 440i$2,796-$396
26Mercedes-Benz AMG C43$2,804-$388
27Mercedes-Benz SL450$2,822-$370
28Audi RS 5$2,838-$354
29Audi S6$2,898-$294
30Infiniti Q50$2,926-$266
31BMW 530e$2,942-$250
32Lexus GS F$3,016-$176
33Mercedes-Benz AMG C63$3,056-$136
34BMW M550i$3,110-$82
35Mercedes-Benz SL550$3,136-$56
36Tesla Model S$3,192--
37Audi A7$3,236$44
38Lexus LC 500H$3,320$128
39Audi S7$3,444$252
40BMW M8$3,448$256
41BMW M5$3,494$302

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.

2020 Model S Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2020 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.

2020 Tesla Model S Insurance Rates by Trim Level
2020 Tesla Model S Trim Level Annual Premium Cost Per Month
Long Range AWD$3,038$253
Performance AWD$3,348$279

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 2020 Tesla Model S for different driver ages.

2020 Tesla Model S Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$11,039$920
17$10,739$895
18$9,719$810
19$8,834$736
20$6,809$567
21$6,509$542
22$5,854$488
23$4,808$401
24$4,552$379
25$3,706$309
30$3,418$285
35$3,282$274
40$3,192$266
45$2,982$249
50$2,818$235
55$2,628$219
60$2,636$220
65$2,800$233
70$3,002$250
75$3,496$291
80$4,274$356

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.