2023 Tesla Model S Car Insurance Calculator

View in real-time how choices you make impact car insurance rates for a 2023 Tesla Model S. Ajust options like policy discounts, vehicle trim level, and driving violations to see how insurance rates are affected. See instantly if and why the choice you make has an impact on insurance rates.

The average estimated car insurance premium for a 2023 Tesla Model S is $3,498 per year, or about $292 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

$3,498

Cost Per Month

$292

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 2023 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.

$3,498
Average Rate
Your Rate
$3,498

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 2023 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 2023 Tesla Model S is $3,498.

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.

2023 Tesla Model S Segment Comparison

The table below compares insurance rates for the 2023 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.

2023 Tesla Model S Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Cadillac CT5$2,450-$1,048
2Lexus ES 350$2,460-$1,038
3Lexus ES 250$2,472-$1,026
4Lexus RC 300$2,482-$1,016
5Mercedes-Benz AMG CLA35$2,488-$1,010
6Audi A3$2,492-$1,006
7Mercedes-Benz AMG CLA45$2,546-$952
8Mercedes-Benz CLA250$2,554-$944
9Lexus IS 300$2,568-$930
10Jaguar XF$2,578-$920
11Audi S4$2,628-$870
12BMW i4$2,636-$862
13Mercedes-Benz E350$2,654-$844
14Lexus ES 300h$2,690-$808
15BMW 530i$2,742-$756
16Audi A6$2,798-$700
17Audi S5$2,802-$696
18BMW 540i$2,808-$690
19BMW 430i$2,856-$642
20Lexus IS 500$2,858-$640
21Mercedes-Benz E450$2,886-$612
22Genesis G80$2,892-$606
2023 Midsize Luxury Car Average$2,899-$599
23Mercedes-Benz CLS450$2,968-$530
24Mercedes-Benz EQE 350$2,988-$510
25Audi RS 5$2,996-$502
26BMW 530e$3,014-$484
27Audi S6$3,044-$454
28Mercedes-Benz AMG C43$3,048-$450
29BMW M440i$3,052-$446
30Mercedes-Benz EQE 500$3,056-$442
31Audi A7$3,176-$322
32Infiniti Q50$3,180-$318
33Lexus LC 500h$3,414-$84
34BMW M550i$3,420-$78
35Tesla Model S$3,498--
36Audi S7$3,520$22
37BMW M5$3,624$126
38BMW M8$3,824$326

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.

2023 Model S Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 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.

2023 Tesla Model S Insurance Rates by Trim Level
2023 Tesla Model S Trim Level Annual Premium Cost Per Month
Base AWD$3,280$273
Plaid AWD$3,714$310

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 2023 Tesla Model S for different driver ages.

2023 Tesla Model S Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$11,944$995
17$11,636$970
18$10,566$881
19$9,605$800
20$7,421$618
21$7,094$591
22$6,392$533
23$5,251$438
24$4,982$415
25$4,058$338
30$3,746$312
35$3,590$299
40$3,498$292
45$3,260$272
50$3,084$257
55$2,872$239
60$2,880$240
65$3,056$255
70$3,268$272
75$3,790$316
80$4,622$385

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.