Tesla Model S Insurance: by Model Year & Company
Tesla Model S insurance costs an average of $2,016 for a 6-month full coverage policy. Nationwide offers the cheapest rate for the latest Tesla Model S at $240/mo or $1,438 for a 6-month full coverage policy.
- Shopping around? Use our calculator to compare average insurance rates by vehicle.
- Know your vehicle? Get a personalized quote by entering your zip code.
What to know about insuring a Tesla Model S:
- The Model S costs more to insure than most hatchbacks. Averaging $336/mo for the Model S versus $164/mo for typical hatchbacks.
- If you're considering a vehicle similar to the Model S, like the Tesla Model Y ($283/mo), Tesla Model 3 ($263/mo), or Tesla Model X ($377/mo), your insurance costs will be about the same.
- USAA ($235/mo), Nationwide ($251/mo), American Family ($258/mo) offer the cheapest full coverage rates.
The rates displayed are based on a full coverage 30-year-old male driver with no violations in 2025. Customizations to your vehicle (trim or modifications) and your driving history will impact your insurance costs. Consider these rates as a jumping off point for your search.
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Cheapest Companies
2025 Tesla Model S
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Nationwide |
$2,876 |
| USAA |
$3,124 |
| Progressive |
$3,854 |
| American Family |
$4,256 |
| State Farm |
$4,274 |
| Erie |
$4,686 |
| Allstate |
$7,438 |
| Farmers |
$7,637 |
| GEICO |
$9,100 |
Compare all 2025 Tesla Model S insurance rates.
Average Cost to Insure Per Year
$5,6752024 Tesla Model S
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Nationwide |
$2,943 |
| USAA |
$3,095 |
| Progressive |
$3,792 |
| American Family |
$4,074 |
| State Farm |
$4,110 |
| Erie |
$4,521 |
| Allstate |
$7,027 |
| Farmers |
$7,166 |
| GEICO |
$8,684 |
Compare all 2024 Tesla Model S insurance rates.
Average Cost to Insure Per Year
$5,4602023 Tesla Model S
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Nationwide |
$2,995 |
| USAA |
$3,625 |
| Progressive |
$3,704 |
| American Family |
$3,988 |
| State Farm |
$4,156 |
| Erie |
$4,486 |
| Allstate |
$6,899 |
| Farmers |
$6,967 |
| GEICO |
$7,227 |
Compare all 2023 Tesla Model S insurance rates.
Average Cost to Insure Per Year
$5,1592022 Tesla Model S
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Nationwide |
$3,488 |
| Progressive |
$3,538 |
| American Family |
$3,775 |
| Erie |
$4,343 |
| State Farm |
$4,362 |
| USAA |
$5,584 |
| Farmers |
$6,295 |
| GEICO |
$7,964 |
| Allstate |
$9,032 |
Compare all 2022 Tesla Model S insurance rates.
Average Cost to Insure Per Year
$5,9262021 Tesla Model S
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| American Family |
$3,303 |
| Progressive |
$3,365 |
| State Farm |
$3,471 |
| Nationwide |
$3,543 |
| USAA |
$3,674 |
| Erie |
$4,068 |
| Farmers |
$5,983 |
| Allstate |
$6,587 |
| GEICO |
$7,143 |
Compare all 2021 Tesla Model S insurance rates.
Average Cost to Insure Per Year
$4,9642020 Tesla Model S
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| USAA |
$2,884 |
| Nationwide |
$3,121 |
| Progressive |
$3,234 |
| American Family |
$3,426 |
| State Farm |
$3,604 |
| Erie |
$3,886 |
| Farmers |
$5,628 |
| Allstate |
$6,684 |
| GEICO |
$7,265 |
Compare all 2020 Tesla Model S insurance rates.
Average Cost to Insure Per Year
$4,8172019 Tesla Model S
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| USAA |
$2,611 |
| American Family |
$3,034 |
| Progressive |
$3,056 |
| State Farm |
$3,294 |
| Nationwide |
$3,560 |
| Erie |
$3,756 |
| Farmers |
$5,331 |
| GEICO |
$5,636 |
| Allstate |
$6,270 |
Compare all 2019 Tesla Model S insurance rates.
Average Cost to Insure Per Year
$4,3042018 Tesla Model S
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| USAA |
$2,477 |
| Nationwide |
$2,808 |
| Progressive |
$2,851 |
| American Family |
$3,293 |
| State Farm |
$3,448 |
| Erie |
$3,647 |
| Farmers |
$5,051 |
| GEICO |
$5,367 |
| Allstate |
$6,804 |
Compare all 2018 Tesla Model S insurance rates.
Average Cost to Insure Per Year
$4,1792017 Tesla Model S
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| USAA |
$2,467 |
| American Family |
$2,778 |
| Nationwide |
$2,915 |
| Progressive |
$2,920 |
| State Farm |
$3,138 |
| Erie |
$3,488 |
| Farmers |
$4,713 |
| GEICO |
$5,167 |
| Allstate |
$6,205 |
Compare all 2017 Tesla Model S insurance rates.
Average Cost to Insure Per Year
$3,9972016 Tesla Model S
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| USAA |
$2,153 |
| American Family |
$2,666 |
| State Farm |
$2,891 |
| Nationwide |
$2,900 |
| Progressive |
$2,987 |
| Erie |
$3,249 |
| Allstate |
$4,080 |
| Farmers |
$4,227 |
| GEICO |
$4,549 |
Compare all 2016 Tesla Model S insurance rates.
Average Cost to Insure Per Year
$3,4452015 Tesla Model S
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| USAA |
$2,119 |
| American Family |
$2,489 |
| State Farm |
$2,637 |
| Progressive |
$2,814 |
| Nationwide |
$2,930 |
| Erie |
$3,078 |
| Allstate |
$3,910 |
| Farmers |
$4,203 |
| GEICO |
$4,707 |
Compare all 2015 Tesla Model S insurance rates.
Average Cost to Insure Per Year
$3,3952014 Tesla Model S
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| USAA |
$2,076 |
| American Family |
$2,191 |
| Progressive |
$2,353 |
| State Farm |
$2,687 |
| Erie |
$2,944 |
| Nationwide |
$3,018 |
| Allstate |
$3,909 |
| Farmers |
$3,931 |
| GEICO |
$4,707 |
Compare all 2014 Tesla Model S insurance rates.
Average Cost to Insure Per Year
$3,3162013 Tesla Model S
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| USAA |
$1,924 |
| American Family |
$2,073 |
| State Farm |
$2,212 |
| Progressive |
$2,428 |
| Erie |
$2,763 |
| Nationwide |
$2,955 |
| Allstate |
$3,557 |
| Farmers |
$3,794 |
| GEICO |
$4,173 |
Compare all 2013 Tesla Model S insurance rates.
Average Cost to Insure Per Year
$3,0542012 Tesla Model S
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| USAA |
$1,630 |
| American Family |
$1,983 |
| State Farm |
$2,130 |
| Nationwide |
$2,164 |
| Progressive |
$2,536 |
| Erie |
$2,584 |
| Allstate |
$3,462 |
| Farmers |
$3,514 |
| GEICO |
$3,646 |