How much is insurance on a Tesla Model S?
A 2024 Tesla Model S runs about $3,040 a year for a typical 45-year-old, $1,090 more than an average 2024 car: pricier repairs outweigh fewer at-fault claims.
2024 Tesla Model S, national average
about $3,040 a year (about $255 a month)
roughly $2,000–$4,400
An average 2024 car: about $1,940. An older Tesla Model S costs less (below).
Priced: the 2024 Model S (the newest year our claims data covers), a 45-year-old, clean record, full coverage. Each state moves every car's price by the same share. How we got these.
A used Tesla Model S, by model year
| Model year | Full coverage | Liability only | Adding a teen | Teen on their own policy |
|---|---|---|---|---|
| 2024 (0–3 years old) | about $3,040 | about $900 | +$2,000 | about $8,720 |
| 2022 (4–7 years old) | about $2,780 | about $900 | +$1,840 | about $7,980 |
| 2018 (8–12 years old) | about $2,500 | about $900 | +$1,650 | about $7,180 |
| 2013 (13 or more years old) | about $2,230 | about $900 | +$1,470 | about $6,390 |
We list the Tesla Model S for 2012–2026. How much a car's age takes off is our own estimate. Years before 2022 use the 2022–24 claims results.
The 3 versions of the 2024 Tesla Model S we list (Model S, Model S Plaid (19in wheels) and Model S Plaid (21in wheels)) all come out within about $50 of each other.
The Tesla Model S for other drivers on their own policy, a year: 22–25, $3,950; 26–39, $3,370; 65 and older, $3,190.
Adding a 16-year-old with a Tesla Model S
A new 16-year-old driving the Tesla Model S adds about $2,000 a year ($165 a month), $720 more than with an average 2024 car.
For adding a teen, the Tesla Model S ranks 2nd most expensive of our 121 car pages.
That's the whole household's bill going up. Cheapest cars to insure for a teen.
Why the Tesla Model S costs what it does
Its insurance claims against an average car's (HLDI):
- Repairs
- much higher than average
- Theft and weather
- much higher than average
- Damage to others
- lower than average
- Injuries to others
- much lower than average
The part that fixes or replaces the Tesla Model S: about $2,140, against $950 for an average 2024 car (124% more). The part that pays for harm to others: about $900, against $990 for an average car (9% less).
By the EPA's size classes it's a large car, and it's electric. The Highway Loss Data Institute groups it with large luxury cars.
- Expensive and electric cars can cost more or less to insure than their repair records suggest.
Matched to “Tesla Model S 4dr electric 4WD” in HLDI's results.
Similar large cars
Among these 5 large cars, the Tesla Model S is the most expensive to insure.
- 2024 Honda Accordabout $2,070 ($970 less)
- 2024 Hyundai Sonataabout $2,160 ($870 less)
- 2024 Kia K5about $2,270 ($760 less)
- 2024 Acura Integraabout $2,300 ($740 less)
- 2024 Tesla Model Sabout $3,040 (this car)
Both start from your own situation if you've set one. For crash safety, see IIHS and NHTSA ratings.
This is an estimate to help you plan, not a quote. We don't sell insurance, and we never pass your info to anyone. Only an insurer can give you a real price.