2021 Tesla Model S Car Insurance Calculator

Discover how different driver and vehicle factors affect car insurance rates for a 2021 Tesla Model S. Change your location, homeowner status, credit score, and policy coverages plus many other factors. Get instant feedback the change in rates and learn exactly why they changed.

The average estimated car insurance premium for a 2021 Tesla Model S is $3,298 per year, or about $275 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

$3,298

Cost Per Month

$275

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 2021 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.

$3,298
Average Rate
Your Rate
$3,298

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 2021 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 2021 Tesla Model S is $3,298.

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.

2021 Tesla Model S Segment Comparison

The table below compares insurance rates for the 2021 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.

2021 Tesla Model S Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Acura ILX$1,946-$1,352
2Lexus RC 300$2,240-$1,058
3Lexus ES 350$2,310-$988
4Mercedes-Benz AMG CLA45$2,322-$976
5Lexus IS 300$2,352-$946
6Audi A3$2,386-$912
7Cadillac CT5$2,428-$870
8Audi S5$2,494-$804
9Mercedes-Benz E350$2,568-$730
10Lexus ES 300H$2,606-$692
11Audi S4$2,630-$668
12BMW 530i$2,638-$660
13BMW 540i$2,668-$630
14Mercedes-Benz CLA250$2,682-$616
15Genesis G80$2,692-$606
16Audi A6$2,698-$600
17Mercedes-Benz E450$2,732-$566
18BMW 430i$2,754-$544
19Jaguar XF$2,756-$542
20Mercedes-Benz CLS450$2,790-$508
2021 Midsize Luxury Car Average$2,813-$485
21Mercedes-Benz AMG C43$2,880-$418
22BMW 440i$2,894-$404
23Audi RS 5$2,926-$372
24Audi S6$2,994-$304
25Infiniti Q50$3,016-$282
26BMW 530e$3,032-$266
27Mercedes-Benz AMG C63$3,158-$140
28BMW M550i$3,220-$78
29Tesla Model S$3,298--
30Audi A7$3,344$46
31Lexus LC 500H$3,432$134
32Audi S7$3,562$264
33BMW M8$3,576$278
34BMW M5$3,612$314

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.

2021 Model S Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2021 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.

2021 Tesla Model S Insurance Rates by Trim Level
2021 Tesla Model S Trim Level Annual Premium Cost Per Month
Long Range AWD$3,136$261
Performance AWD$3,458$288

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 2021 Tesla Model S for different driver ages.

2021 Tesla Model S Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$11,382$949
17$11,081$923
18$10,039$837
19$9,124$760
20$7,036$586
21$6,725$560
22$6,051$504
23$4,964$414
24$4,703$392
25$3,828$319
30$3,530$294
35$3,388$282
40$3,298$275
45$3,076$256
50$2,908$242
55$2,714$226
60$2,718$227
65$2,888$241
70$3,094$258
75$3,602$300
80$4,406$367

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.