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Model S Car Insurance Cost: Official Thread

What is the monthly cost of car insurance for your Tesla Model S. Let us know what you pay Monthly, Quarterly or Yearly for Liability or Full Coverage

Example: Full Coverage/Cost State Insurance Company(optional)

I was quoted by State Farm $175 every 6 months additional cost compared to the current cost for my Jaguar

I was quoted $50 more every six months for the P85 versus my 2 year old Porsche Cayenne S

Allstate has quoted me $1,009.57 for 6 months (on a 2014 60kW, but I'll have a 2013) vs. $406.88 for my 2011 Land Rover, so an additional $100/month. Knock on wood, but I have a perfect driving record. I'm going to do a little comparison shopping.

$91/month State Farm

Just got a quote for $570 for 6 months from Geico (for a 2013 60kW), so substantial savings compared with my current Allstate coverage.

Maybe add what state you are from, because auto insurance varies so much from state to state?

I have been quoted $729/year from Encompass Insurance for my MS 60, $500/$1000 deductible. Pennsylvania. More than the Prius it's replacing, but 6 years newer and a lot more expensive.

Can everyone also post the type of coverage as well? So We can compare orange to orange.

Quoted €1500 here in Belgium by, which is super cheap for this country, really.

I didn't go through the details of the policy yet, but it's full new replacement in three years in case of loss and full damage cover. I don't know what the excess/deductible is.


I'm in California and it's for 300/500 coverage. And I asked my Allstate agent about the difference between a 2014 vs and 2013 and it's a bit lower. So for 6 months with a perfect driving record (45 yo female non-smoker):

Tesla 60kW 2013
Geico $570

Located in SF Bay Area in California.

2013 Model S 60

Coverage 250/500 for 6 months at 485 dollars at State Farm. It comes about $80 per month.

Several discounts applied: Good Driver, Loyalty, Multiple Car, Multiple Lines....

Full Coverage $1138/year NY Libery Mutual

I'm not sure how you can make sense of this. Rates are typically based on driver history (accidents or not), age, location (even within a state), cost of vehicle (which the Model S has a fairly wide range). In addition, there are often discounts for multiple policies, being good driver, non-smoker, length with insurer, multiple cars, one driver, etc.

You can still shop for the best policy, but what someone else pays will be hard to relate to what you'll pay.


You are right, it's very hard to compare apples to apples. It helps (a little) that some people are answering with how much more/less their insurance is compared to their previous car.

In San Diego, CA I'm paying $403 to State Farm every six months for my 2013 40/60, which is only $10/month more than what I paid for a 2012 Honda Insight. I was stunned that it was so cheap, considering the Tesla cost 3x more than the Honda.

Liability: 100/300
Uninsured motorist: 100/300
Comprehensive deductible: 1,000
Collision deductible: 1,000

Lots of discounts for good driver, safety record, loyalty, multi-auto, multiple line

@crmohler, while I applaud your healthy lifestyle, this is automobile insurance not life insurance. Does your non-smoking status really apply?

Can Tesla Texas drivers provide some current rates on what they are paying for insurance for their Model S please.

IL, State Farm, P85

Liability, uninsured, underinsured 250/500
Comp 100
Collision 500

$409.30/6 months

That's with homeowners, other cars, good boy discounts.

Have USAA--was maybe $80 more every 6 months over my 2007 Infiniti M45.

AAA for me is $1250/year on S85.
Multi car/Multi home/Good Driver discounts

The most important factors (aside from driving history) are what city/state you are in and your levels of coverage; without this info the numbers aren't terribly meaningful!

P85+: Morgan Hill, California.
Total Premium $405.44 for 6 months.

Coverage Details:
Liability - Bodily Injury / Property Damage
$100,000 each person / $300,000 each accident
$50,000 each accident
Uninsured Motor Vehicle - Bodily Injury
$30,000 each person / $60,000 each accident
Uninsured Motor Vehicle - Property Damage
$1,000 each accident
Comprehensive Deductible
Collision Deductible

Total 6M Premium $405.44
Premium includes discounts for good driver, safety record, loyalty, multi-auto, multiple line

@jeffsstuff As a matter of fact, I get a discount for being a non-smoker. Not sure if that's just for Allstate, so I Googled it. This is one of the many links that I found:

"Car Insurance: Statistic show that smokers get into more car accidents than nonsmokers. The result is that they pay auto insurance rates that are often hundreds of dollars a year higher than nonsmokers."

@crmohler, thanks for the tip! I'll have to check into that. We are moving from NJ to California and, as a result, need to find new insurance. My wife just set up a new policy at AAA and, when my Model S arrives next month (here in NJ) I have to add it to that policy. Based on the rate she is already paying (currently in company housing in LA) I can use all the discounts I can get.

It does make sense. A smoker drops a cigarette and starts a fire or, is distracted trying to recover it and gets into an accident. Perhaps this might be a little too self-righteous, but I'd also think that people who don't smoke, as a group, tend toward higher education levels and greater maturity. In any case, I'll happily accept any discount I qualify for.

@jeffstuff If you've seen Final Destination 2, people who don't drink water from bottles probably get in less accidents too :)

My new MS is $6 less per month than my 2011 Lexus ES350


That is a low price. What insurance company are you with and do they limit miles driven?

$500 deductible
$112 month w/safe driver discount

I was quoted as of last winter $542/year (full coverage) with Encompass. I have owned my Model S since February 2013. I am paying $184.00 to carry me from February to the end of the year. As one might guess, the coverage is for bodily injury and property damage. I am in the Seattle area.

I am paying State Farm 575 for six months, full coverage, for my Model S85. That is less than I am paying State Farm for full coverage on my 2005 Buick!

Looks like the insurance for my soon-to-arrive P85 went up $170/6 mo. (30%) compared to a 2006 Civic Si. That said, it's also $70/6 mo. (10%) cheaper than my 2008 Mitsubishi Lancer Evolution. Not too shabby for a car that's 5x and 3x the cost, respectively.

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