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.

Tesla Model S Car Insurance Rates by State

State	Average Annual Premium
Alabama	$5,231
Alaska	$7,389
Arizona	$6,943
Arkansas	$6,749
California	$5,662
Colorado	$6,248
Connecticut	$7,113
Delaware	$8,871
Florida	$6,061
Georgia	$5,747
Hawaii	$4,700
Idaho	$4,410
Illinois	$5,888
Indiana	$4,279
Iowa	$4,252
Kansas	$5,511
Kentucky	$6,057
Louisiana	$8,146
Maine	$4,064
Maryland	$5,921
Massachusetts	$3,840
Michigan	$5,679
Minnesota	$5,876
Mississippi	$4,742
Missouri	$5,931
Montana	$5,489
Nebraska	$5,143
Nevada	$5,522
New Hampshire	$4,667
New Jersey	$5,872
New Mexico	$4,980
New York	$5,245
North Carolina	$3,455
North Dakota	$6,086
Ohio	$3,937
Oklahoma	$6,466
Oregon	$4,822
Pennsylvania	$5,321
Rhode Island	$9,146
South Carolina	$4,978
South Dakota	$5,233
Tennessee	$5,335
Texas	$5,053
Utah	$4,544
Vermont	$4,069
Virginia	$4,903
Washington	$4,565
Washington, D.C.	$8,439
West Virginia	$5,666
Wisconsin	$4,726
Wyoming	$5,289

Compare Tesla Model S insurance costs vs other vehicles

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2025 Tesla Model S

Av. Cost Per Year$5,675

Av. Per Month$473

Cheapest Companies

USAA$136/m

American Family$165/m

State Farm$178/m

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How much does it cost to insure my Tesla Model S?

Select your model year:

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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

$5,675

2024 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

$5,460

2023 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

$5,159

2022 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

$5,926

2021 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

$4,964

2020 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

$4,817

2019 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

$4,304

2018 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

$4,179

2017 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

$3,997

2016 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

$3,445

2015 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

$3,395

2014 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

$3,316

2013 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

$3,054

2012 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

Compare all 2012 Tesla Model S insurance rates.

Average Cost to Insure Per Year

$2,754