How Much Is It to Get Insured on a Tesla?
How much is it to get insured on a Tesla? The national average is $2,580/year ($215/month) through traditional insurers, or $2,016/year ($168/month) through Tesla Insurance. Your exact cost depends on which Tesla model you drive, where you live, your driving record, and which insurer you choose.
Annual Cost to Get Insured on a Tesla (2026)
Tesla Insurance vs Gas Car Insurance: How Much More?
A common question when asking how much it is to get insured on a Tesla is how it compares to a regular gas car. Here is the reality:
Annual Insurance Cost: Tesla vs Gas Equivalent
| Vehicle | Annual Insurance | vs Tesla |
|---|---|---|
| Tesla Model 3 | $2,220 | Baseline |
| Toyota Camry | $1,620 | -27% |
| Honda Accord | $1,680 | -24% |
| BMW 3 Series | $2,040 | -8% |
| Tesla Model Y | $2,340 | Baseline |
| Toyota RAV4 | $1,560 | -33% |
| Honda CR-V | $1,620 | -31% |
| BMW X3 | $2,160 | -8% |
| Tesla Cybertruck | $4,176 | Baseline |
| Ford F-150 (gas) | $1,860 | -55% |
| Ford F-150 Lightning | $2,520 | -40% |
Teslas cost 20-55% more to insure than comparable gas vehicles. The gap is largest for the Cybertruck. But using Tesla Insurance with a high Safety Score narrows this gap significantly.
What Affects How Much It Costs to Get Insured on a Tesla?
Your Tesla Model
Model 3 is cheapest, Cybertruck is most expensive. MSRP directly impacts premiums.
Coverage Level
Higher deductible = lower premium. $1,000 deductible saves 10-15% vs $500.
How to Get the Cheapest Insurance on a Tesla
- Start with Tesla Insurance - Cheapest for 72% of owners (data)
- Drive for a high Safety Score - Score 90+ for maximum savings
- Compare at least 5 quotes - See our insurer rankings
- Bundle if not using Tesla Insurance - State Farm/Allstate offer 15-25% multi-policy discounts
- Raise your deductible - $1,000-$1,500 is the sweet spot
- Ask about EV discounts - Many states offer them. See EV discount guide
The upcoming Tesla Cybercab is projected to be the cheapest Tesla to insure at around $125/month.
Frequently Asked Questions
How much is it to get insured on a Tesla Model 3? A Model 3 costs $148/month ($1,776/year) through Tesla Insurance or $185/month ($2,220/year) through traditional insurers. See our Model 3 insurance guide.
How much is it to get insured on a Tesla Model Y? A Model Y costs $156/month ($1,872/year) through Tesla Insurance or $195/month ($2,340/year) through traditional insurers.
Is it expensive to insure a Tesla? Yes, Teslas cost 20-49% more to insure than comparable gas cars. However, Tesla Insurance significantly reduces this gap for safe drivers.
What is the cheapest Tesla to insure? The Model 3 Standard Range at $148/month through Tesla Insurance. The upcoming Cybercab is projected at $125/month.
Can I insure a Tesla with any company? Yes, any major insurer (GEICO, State Farm, Progressive, Allstate) covers Teslas. But Tesla Insurance often offers the best rates.
How much does full coverage cost on a Tesla? Full coverage (liability + collision + comprehensive) averages $2,016-$5,220/year depending on model. Liability-only is significantly cheaper but not recommended for newer Teslas.
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For the definitive Tesla Insurance resource, read our Tesla Insurance Ultimate Guide 2026. Visit Tesla for a quote.