How Much Does Annual Service Cost Tesla

The loftier price of a Tesla doesn't stop at its price tag. Insurance for a Tesla tends to exist significantly more expensive than that of other popular vehicles, despite loftier safety ratings.

Yet, rates can vary drastically, even among dissimilar Tesla models. Below are the average almanac insurance rates by Tesla model, ranked from cheapest to most expensive:

Model Y ($2,040).
Model 3 ($2,115).
Model S ($three,008).
Model X ($3,044).

Simply these are just averages. Your rate volition vary based on variables like location and insurance company. To become a meliorate idea of what to expect, NerdWallet checked total coverage insurance rates from the nation'southward largest automobile insurers on the everyman-priced Tesla, the Model 3, in every state. Here'due south what we found.

Why yous can trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices nosotros bear witness you lot because our data analysts accept rigorous measures to eliminate outliers and inaccuracies in pricing data, which includes rates from every locale in the state where coverage is offered and data is available. When comparing rates for different coverage amounts, ages and backgrounds, nosotros modify but one variable at a time, and then you tin can easily come across how each cistron affects pricing. Read our methodology .

See what you could relieve on car insurance

Easily compare personalized rates to see how much switching motorcar insurance could save you.

Average price of Tesla Model three insurance

Tesla Model 3 insurance costs an average of $2,115 per yr, or about $176 a month, our analysis shows. That's about xxx% higher than the national boilerplate cost of motorcar insurance .

However, rates can vary widely from one insurer to the next. Amongst the largest car insurance companies in the U.S., the cost to insure the Model iii differs by nearly $1,400 a year.

How much does Tesla car insurance cost in my country?

The cost of Tesla Model three insurance isn't fixed across the U.S., with average almanac rates for full coverage ranging dramatically by state.

Ohio has the everyman average cost to insure a Tesla Model iii, coming in at $1,308 annually.
Louisiana has the highest boilerplate cost to insure a Tesla Model iii, at $3,731.

Below are the boilerplate Tesla Model 3 insurance rates in each land.

Y'all tin save money by shopping effectually to detect the cheapest Tesla auto insurance. Our analysis found that comparing rates could save you anywhere from around $500 to nearly $2,000 when compared with the state boilerplate. The table below shows the cheapest average charge per unit nosotros institute in each state.

Tesla Model 3 insurance rates past state

State	Cheapest average rate	Cheapest provider
Alabama	$one,292	Nationwide
Alaska	$1,484	Umialik
Arizona	$1,206	QBE
Arkansas	$1,138	Southern Farm Bureau Casualty
California	$ane,520	Wawanesa
Colorado	$915	American National
Connecticut	$1,309	Kemper
Delaware	$1,518	Travelers
Florida	$2,418	Travelers
Georgia	$1,374	Nationwide
Hawaii	$1,258	Land Farm
Idaho	$522	American National
Illinois	$754	Pekin
Indiana	$661	Hastings Mutual
Iowa	$741	Hastings Mutual
Kansas	$1,152	Nationwide
Kentucky	$one,774	Grange
Louisiana	$1,892	Southern Farm Bureau Prey
Maine	$749	Hold Group
Maryland	$i,482	Travelers
Massachusetts	$585	Land Farm
Michigan	$997	Secura
Minnesota	$761	Secura
Mississippi	$749	Direct Auto
Missouri	$one,350	Nationwide
Montana	$1,265	QBE
Nebraska	$667	American National
Nevada	$1,400	CIG
New Hampshire	$752	MMG
New Bailiwick of jersey	$ane,323	Plymouth Rock
New United mexican states	$one,322	Nationwide
New York	$1,021	NYCM
North Carolina	$i,005	Utica National
North Dakota	$996	Nationwide
Ohio	$697	Buckeye
Oklahoma	$1,725	American Farmers & Ranchers
Oregon	$1,015	QBE
Pennsylvania	$996	Nationwide
Rhode Isle	$ane,715	Travelers
S Carolina	$619	American National
Due south Dakota	$1,129	Farmers Common of Nebraska
Tennessee	$993	Penn National
Texas	$i,285	Texas Farm Bureau
Utah	$998	QBE
Vermont	$698	Union Mutual
Virginia	$881	Main Street America
Washington	$1,068	Pemco
Washington, D.C.	$890	Erie
West Virginia	$1,152	Nationwide
Wisconsin	$887	Secura
Wyoming	$871	American National

See what you could save on car insurance

Easily compare personalized rates to see how much switching car insurance could save you.

What company has the cheapest Tesla car insurance?

Of the nation's largest insurers, Country Farm has the cheapest rates on average for Tesla Model 3 owners. USAA would have crush out State Farm, but it was not included in our analysis because information technology is offered only to military members, veterans and their families. In add-on, although it's 1 of the largest insurers in the country, Liberty Mutual is non included in our rates assay due to a lack of publicly bachelor data.

To discover the cheapest Tesla machine insurance, make sure to check smaller regional providers equally well. They may accept better rates than bigger players in your neighborhood.

Note: Rates for Tesla's ain insurance, Tesla Insurance, weren't available. Read more well-nigh Tesla Insurance .

What virtually Tesla Insurance?

Rates for Tesla's own insurance, Tesla Insurance, weren't available. That said, we can explain what it is and how information technology works.

What is Tesla Insurance?

Tesla launched its own insurance option in 2019 to endeavor to ease the financial burden Tesla owners faced when insuring their vehicles. In the past, the company has claimed Tesla Insurance can save drivers near 20% when compared with other carriers.

Initially selling in just California, the company is now a licensed broker providing insurance to Tesla drivers in Arizona, California, Colorado, Illinois, Ohio, Oregon, Texas and Virginia. In Oregon and Virginia, Tesla underwrites its own policies through Tesla General Insurance, according to Insurance Business Magazine. The visitor plans to aggrandize its insurance policies to additional states in the future.

Tesla Insurance is available for new and current Tesla owners for both Teslas and non-Tesla vehicles.

How Tesla Insurance works

Tesla uses real-fourth dimension driving behavior to determine your auto insurance rate for most vehicles. It's available for the Model Southward, 3, Ten and Y in all states that sell Tesla Insurance except California. California drivers can still purchase Tesla Insurance, but rates won't be based on your driving habits.

Tesla is able to collect data on your driving habits through your motorcar without using an boosted app or plug-in device.

Driving behavior tracked includes:

Number of forward-standoff warnings.
Difficult braking.
Taking abrupt turns at high speeds.
How close you are to the car in front of yous.
Driver attending levels.

Based on this data, Tesla gives you a monthly Safe Score from 0 to 100, where a college score represents safer driving.

New policyowners are given a score of xc. If y'all're insuring a non-Tesla vehicle or your car doesn't have the ability to report information, Tesla uses a Safety Score of effectually 86.

Unlike traditional insurers, the company does non take into account your marital status, age, gender or credit history. It also doesn't use your accident or traffic violation history as a factor to determine your initial or future auto insurance rate.

Instead, Tesla uses the post-obit factors to determine a rate:

Driving behavior based on the Safety Score.
Miles driven.
Location.
Vehicle make and model.
Coverage purchased.
Number of vehicles insured.

Is Tesla Insurance worth it?

Tesla Insurance is worth a wait if y'all live in one of u.s.a. where policies are sold. The visitor offers a mix of standard coverage (such as liability, comprehensive and collision) and coverage for wall chargers, electronic keys and identity fraud. Tesla as well offers gap insurance , rental reimbursement coverage and roadside assistance.

In its initial filings, Tesla Insurance also included collision and liability car insurance discounts for the employ of autonomous driving features, ranging from 5% to 30% depending on the level of autonomy in utilize. Families with multiple Teslas would too be eligible for discounts.

Still, this doesn't automatically mean Tesla will accept the cheapest rate for you. Compare auto insurance companies to observe the virtually affordable coverage.

Why insuring a Tesla is so expensive

The more your car costs, the more expensive information technology is to insure. If you're in an blow and need repairs, your collision insurance will embrace these costs unless the crash was someone else'southward fault. And if your Tesla is stolen, it'll toll your insurer more to replace it than a less-expensive vehicle. Because of that, insurers will accuse y'all more for that coverage.

How much is a Tesla?

Teslas are priced similarly to luxury cars and other electrical vehicles, making them relatively expensive.

Below is the judge starting toll for a Tesla base trim past model:

Tesla model	Base of operations trim price
Model iii	$47,000.
Model Y	$63,000.
Model S	$100,000.
Model X	$115,000.

Upgrading across the basic model can ship your Tesla cost skyrocketing. For example, y'all'll pay $12,000 to add self-driving capability, and any paint color other than white will set you lot back an actress $ane,000 to $ii,000 for the Model three. And the more features you add to your Tesla, the more information technology will cost to insure.

Tesla repair costs

Teslas are made with expensive parts, contributing to their base cost. For starters, a Model 3 battery module costs $5,000 to $7,000 to supplant, according to Tesla CEO Elon Musk. Tesla repair costs are likewise higher due to the cars' aluminum bodies, which are much more expensive than those made with traditional materials. If y'all damage a plastic or steel part on your 2012 sedan, an car torso store tin can fix it for relatively fiddling cost. The aforementioned isn't truthful of aluminum.

All of those potential repair costs come back to owners in the form of higher Tesla car insurance prices.

Auto insurance buying guide

Before you compare car insurance companies, you'll need to collect some bones information. This includes the driving history of everyone who will be on the policy, as well equally facts about your auto, such as condom features and almanac mileage driven. You'll as well want to make up one's mind which types of coverage yous need. For example, do you desire just the blank minimum insurance that your state requires, or exercise you need more all-encompassing coverage, such as gap insurance or rideshare coverage? Bank check that each visitor you're considering has the options you desire.

When comparing rates amidst insurers, make sure each is offering the same coverage limits and deductibles. You may not want to brand your decision based on cost alone. Expect at how many consumer complaints each company has, every bit a high number of complaints could be a scarlet flag about the quality of service you'll receive.

Depending on which company y'all choose, yous may be able to buy insurance online, over the phone or through an amanuensis. For more guidance, encounter how to go automobile insurance .

Frequently asked questions

A brand-new Tesla costs anywhere from about $47,000 to $139,000, depending on which model and trim you lot choose. Adding cocky-driving adequacy, choosing a pigment color besides white and other customizations tin can increase the sticker price.

Is a Tesla expensive to insure?

The cheapest Tesla to insure on average is the Tesla Model Y at $two,040 per year. However, this premium is nigh 25% college than the average national toll of car insurance, according to NerdWallet'south analysis. Tesla says its own insurance tin can salvage drivers about 20%, merely policies are currently available simply in Arizona, California, Colorado, Illinois, Ohio, Oregon, Texas and Virginia. If you live elsewhere, compare machine insurance rates to find the best company for yous.

What insurance coverage does Tesla offering?

In addition to liability, collision and comprehensive insurance, Tesla offers coverage for wall chargers, electronic key replacement and identity fraud. Rental car reimbursement, roadside assistance and gap insurance are besides available.

How much is a Tesla?

A brand-new Tesla costs anywhere from well-nigh $47,000 to $139,000, depending on which model and trim you choose. Calculation cocky-driving capability, choosing a paint colour as well white and other customizations tin can increase the sticker cost.

Is a Tesla expensive to insure?

The cheapest Tesla to insure on average is the Tesla Model Y at $2,040 per year. Withal, this premium is well-nigh 25% higher than the average national cost of machine insurance, according to NerdWallet's assay. Tesla says its own insurance can salve drivers almost 20%, just policies are currently bachelor only in Arizona, California, Colorado, Illinois, Ohio, Oregon, Texas and Virginia. If you alive elsewhere,

compare auto insurance rates

to observe the all-time company for you.

What insurance coverage does Tesla offer?

In addition to liability, collision and comprehensive insurance, Tesla offers coverage for wall chargers, electronic key replacement and identity fraud. Rental machine reimbursement, roadside help and gap insurance are too available.