SOME CARD INFO MAY BE OUTDATED
This page includes information about these cards, currently unavailable on NerdWallet. The information has been collected by NerdWallet and has not been provided or reviewed by the card issuer.
The cost of Tesla car insurance tends to be more expensive than other popular cars. For example, we found that the cheapest Tesla to insure was the Model 3 at an average of $2,459 per year. But in our analysis of the cheapest cars to insure, the cost of car insurance for a Model 3 was higher than nearly all of the other popular cars on our list.
To put that into perspective, we found that the overall average cost to insure a Tesla is $2,982. That’s about $500 more than any of the most popular vehicles in the U.S.
Here is a breakdown of the average insurance rates for each Tesla model, according to our October 2025 analysis. We sorted them from cheapest to most expensive.
| Tesla model | Annual average rate | Monthly average rate |
|---|---|---|
| Model 3 | $2,459 | $205 |
| Model Y | $2,538 | $212 |
| Cybertruck | $3,024 | $252 |
| Model S | $3,523 | $294 |
| Model X | $3,531 | $294 |
All rates are for full coverage insurance policies for good drivers with good credit. Your cost will vary based on factors like your location and your insurance company.
How we calculated these Tesla rates
NerdWallet’s editorial team analyzed car insurance rates from pricing analytics company Quadrant Information Services. We examined more than 85 million rates from insurers across all 50 states and Washington, D.C. for the base 2025 Tesla Cybertruck as well as Model 3, Y, S and X.
You can review the methodology for our Tesla study below to learn more.
Why you can trust NerdWallet
We follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts eliminate outliers and inaccuracies in pricing data. We look at rates in ZIP codes where coverage is offered and data is available.
When comparing rates for different coverage amounts, ages and backgrounds, we change only one variable at a time. This makes it easy to see how each factor affects pricing.
Read our methodology to learn more.
» MORE: Why is my car insurance so high?
See what you could save on car insurance
Easily compare personalized rates to see how much switching car insurance could save you.on NerdWallet
How much is Tesla car insurance per month?
We found that the average cost of Tesla car insurance is $249 per month or $2,982 per year for full coverage. That said, the amount you’ll pay to insure your Tesla will vary for several reasons, including where you live.
Each state has different car insurance requirements, in terms of how much coverage you’ll need. Costs also change with local factors like different rates of car thefts, accidents and population growth, not to mention weather trends.
You can use this map to see the average Tesla car insurance costs in a specific state. We’ve also included different maps for each Tesla model to show you even more detail.
These median rates were updated in October 2025. All rates are for full coverage insurance policies for good drivers with good credit. Your price will vary.
Cheapest Tesla car insurance rates by state
Click on your Tesla model below to see which insurance company offers the cheapest median rate in each state.
Cheapest rates by state for a Cybertruck
| State | Cheapest monthly rate | Cheapest insurance company |
|---|---|---|
| $154 | Progressive | |
| $111 | Progressive | |
| $138 | Cameron Mutual | |
| $129 | Progressive | |
| $122 | Progressive | |
| $125 | Progressive | |
| $132 | Nationwide | |
| $168 | Progressive | |
| $218 | State Farm | |
| $186 | Central Insurance | |
| $101 | Progressive | |
| $117 | Cameron Mutual | |
| $123 | Travelers | |
| $117 | Progressive | |
| $104 | Progressive | |
| $207 | Nationwide | |
| $159 | Progressive | |
| $207 | Progressive | |
| $97 | Progressive | |
| $157 | Travelers | |
| $69 | Progressive | |
| $129 | Hastings Mutual | |
| $142 | Nationwide | |
| $191 | Electric Insurance | |
| $122 | Progressive | |
| $153 | QBE | |
| $148 | Progressive | |
| $87 | Progressive | |
| $118 | Nationwide | |
| $75 | The Hanover | |
| $187 | Travelers | |
| $158 | Central Insurance | |
| $74 | Progressive | |
| $110 | NYCM | |
| $99 | Progressive | |
| $152 | Mercury | |
| $102 | Progressive | |
| $80 | Auto-Owners | |
| $141 | Progressive | |
| $126 | Progressive | |
| $93 | Kemper | |
| $168 | Tennessee Farm Bureau | |
| $109 | Tesla Insurance | |
| $101 | Nationwide | |
| $100 | Virginia Farm Bureau | |
| $100 | Union Mutual | |
| $85 | Progressive | |
| $211 | Nationwide | |
| $119 | Hastings Mutual | |
| $168 | Encova | |
| $138 | State Farm |
These median rates were updated in October 2025. All rates are for full coverage insurance policies for good drivers with good credit. Your price will vary.
See what you could save on car insurance
Easily compare personalized rates to see how much switching car insurance could save you.on NerdWallet
Which company has the cheapest Tesla car insurance?
NerdWallet analyzed full coverage insurance rates from the nation’s largest auto insurers in every state to find which company offers the cheapest car insurance for the Model 3, Model Y, Model S, Model X and Cybertruck.
But to find the cheapest Tesla car insurance for you, you should also check regional insurance companies in your area. They may have cheaper rates than the insurers you see advertised on TV or online.
Tesla Cybertruck rates from top insurers
| Company | Median monthly rate |
|---|---|
| $381 | |
| $246 | |
| $426 | |
| $246 | |
| $222 | |
| $143 | |
| $328 | |
| $191 | |
| USAA* | $192 |
| *USAA is available only to members of the military, veterans and their families. | |
These median rates were updated in October 2025. All rates are for full coverage insurance policies for good drivers with good credit. Your price will vary.
What about Tesla Insurance?
Tesla sells its own car insurance to new and current owners. You’ll need to have an assigned Tesla VIN number before you can start a policy, but you can use the Tesla app to get a quote while waiting for your vehicle to be delivered.
Tesla Insurance sells policies in the following states:
- Arizona.
- California.
- Colorado.
- Florida.
- Illinois.
- Indiana.
- Maryland.
- Minnesota.
- Nevada.
- Ohio.
- Oregon.
- Tennessee.
- Texas.
- Utah.
- Virginia.
- Arizona.
- California.
- Colorado.
- Florida.
- Illinois.
- Indiana.
- Maryland.
- Minnesota.
- Nevada.
- Ohio.
- Oregon.
- Tennessee.
- Texas.
- Utah.
- Virginia.
» MORE: Best car insurance companies
🤓 Nerdy Tip
If you live in California, you may be able to get Tesla Insurance even if you don’t own a Tesla. How Tesla Insurance works
Tesla uses real-time driving behavior to determine your car insurance premium in all states where Tesla Insurance is available, except California. (California drivers can still buy Tesla Insurance, but the cost won't be based on your real-time driving habits.)
Tesla collects data on your driving habits through your vehicle without using an additional app or plug-in device. Tracked driving behaviors include:
Driving behaviors tracked include:
- Number of forward-collision warnings (per 1,000 non-automated miles).
- Hard braking.
- Aggressive turning.
- How close you are to the car in front of you.
- Excessive speeding.
- How often you drive late at night.
- Inattentive driving that forces your Tesla’s autopilot system.
- Driving unbuckled.
Tesla gives you a Safety Score between 0 and 100 based on your tracked driving behaviors; a higher score represents safer driving. Your score updates whenever you drive your Tesla, and new policyowners are given a score of 90 as a starting point.
Unlike traditional insurers, the company does not take into account your marital status, age, gender or credit history.
Instead, Tesla limits what can affect your insurance rates to:
- Your vehicle’s Safety Score.
- How many miles you drive.
- Where you live.
- Your vehicle model, and how many cars you insure.
- The coverage you've purchased.
- How much you use Full Self-Driving (Supervised).
Is Tesla Insurance worth it?
Tesla Insurance is worth a look if you live in one of the states where policies are sold. The company offers a mix of standard coverage options such as liability, comprehensive and collision, as well as rental coverage and roadside assistance. Gap coverage and additional coverage types and discounts are available on a state-by-state basis.
We recommend getting car insurance quotes from several companies to find the best price for the coverage you need, whether that is from Tesla Insurance or a more traditional insurer.
Why is auto insurance for a Tesla so expensive?
Teslas can be expensive cars, and the more your car costs to manufacture or repair, the more you’ll pay to insure it. That’s true for luxury cars or electric vehicles in general because replacement parts might only be available from a specific manufacturer. (In fact, using aftermarket parts can affect your Tesla's warranty, which could cause even bigger problems in the future.) And if you do get in an accident and want to use a specialized Tesla service center or Tesla-approved collision center, you’ll have fewer options when it comes to cutting costs.
Teslas are made with expensive parts, contributing to their base cost. For starters, replacing a Model 3 battery module could cost up to $13,000; a Model S battery might be closer to $20,000 to replace. Similarly, Teslas have lightweight, aluminum bodies that also drive up car insurance costs because they are more expensive to fix than cars made with traditional materials.
So if your Tesla gets damaged, it’ll probably cost more to replace or repair than if you had been driving another vehicle. When repair costs are higher, insurance companies often charge more for a policy, specifically if you want or need comprehensive and collision insurance.
Methodology
NerdWallet looked at median insurance estimates from insurers in all 50 states and Washington, D.C., for the base 2025 Tesla Cybertruck and Model 3, Y, S and X.
Rates were for 35-year-old male and female drivers with good credit, no tickets or violations, and with the following coverage limits:
- $100,000 bodily injury liability coverage per person.
- $300,000 bodily injury liability coverage per crash.
- $100,000 property damage liability coverage per crash.
- $100,000 uninsured motorist bodily injury coverage per person.
- $300,000 uninsured motorist bodily injury coverage per crash.
- Collision coverage with $1,000 deductible.
- Comprehensive coverage with $1,000 deductible.
In states where required, minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion. These are sample rates generated through Quadrant Information Services. Your own rates will be different.
