Tesla S Insurance Premiums

Just wanted to hear what everyone is paying for insuring their Model S in California. AAA is charging me $4053 a year!! That is crazy! I have seen some people getting insurance for $1800-2200. When I got my bill the other day I almost fell off my chair. Let me know if their are better rates out there and companies! Thanks

I have USAA in Ohio. My annual premium is $1,036.

I'm insuring my Model S and another vehicle with Kemper in Oregon. Both vehicles fully covered and I am paying $685 for 6 months. My insurance guy said that their parent company (SafeCo?) is insuring the Model S equivalent to BMW.

USAA in FL with $1K deductibles. 25K property, 100K bodily injury, other coverages declined. $460/6mo. No tickets/accidents, mid-30s drivers (with no teens on Tesla policy). The bare minimum I could get to was $415/6mo.

As far as the deductible goes, the home office of US Bank says $500 deductibles are required, but the US Bank Tesla branch at Palo Alto says $1K is fine. Either way, USAA in FL is around $500/6mo...very reasonable.

Our State Farm agent quoted me $588 per half for our P85+. We have lots of discounts -- home, multiple cars, life, etc. -- and my driving record is pretty spotless (lucky, I guess). Just another data point.

State Farm will be sorry, after you prang that flimsy aluminum doing donuts in the supermarket parking lot!! ;p >:D


I have similar discounts (except life) as you and my cost is ~$502 for 6 months. The difference in price may be I don't have the performance and/or I'm living in a different location.

State Farm does have the data in their system. As soon as I gave them the VIN, they gave the quote.

@David70: Yes, the S60, S85, and P85 all command different premiums, I'm guessing simply because of the price of the car. I was still amazed it was so low...lower than what we pay for my wife's less-expensive Land Rover.


Maybe the insurance companies believe in Tesla's report on the safety rating. After all, I suspect personal injury causes them more grief than car repair, or even replacement.

For a very fair subscription price, many can find the best companies here:

It's a consumer service, not an insurance company. They also have advice and ratings for other things such as home repair, etc. Highly recommended for frugal people like me.

For auto insurance, they ask a few basic questions and then show sample rate and satisfaction results.

I don't mean to sound like an add for them, but I use this subscription frequently for home and auto needs. Their auto insurance advice saved me hundreds(!!!) of dollars and many hours of time.

Give them a try, and please post your results.

I have two car on it for $2200
Acura MDX
Tesla 2013 P85
State of MD

My MS P85+ got delivered on 6/26/13 and the insurance with State Farm cost me $499.00 for 6 moths.

I'm paying $499 for 6 moths, MSP85+, State Farm, San Jose California

USAA is $529/6mos in TX

I'm paying $305 for six months. See my note above.

Forgot to mention: full coverage with very low deductibles.

Been with AAA for 9+ years now. 2 cars existing, 15 yr old sentra that I drive, 3+ year old sienna that generally my SO drives. home zip code: west san jose (95129)

Premiums premiums doubled for us. Things to ask are:

  1. liability follows the driver, so if you did not add a driver, the added liability of having a peppy sports model would be a factor. Miles driven per driver is a factor, adds to liability. We lowered the miles driven per car, appropriate to factoring in the new car.
  2. Comp and collision on the tesla model S were suprisingly low for us.


Progressive does not differentiate between flavors of Model S. So those being charged a premium elsewhere for Performance version may find a better deal with Progressive. I even called Progressive and gave them my P85 VIN #, they confirmed there was no difference in rate. With 100/300/100 coverage + uninsured motorist + rental car, no medical or roadside assistance and with a $500 deductible all around I received a quote of just under $600 for 6 months (under $100/mo).

I just got a quote today from Farmers @ $1350/6 months in Colorado. I'll continue shopping.

AAA Colorado told me today they wouldn't cover a Model S. That seemed really odd.

AAA California, 100/300 250 deductible, $1257/year. About the same as my 2012 plug in Prius was. They discount an extra 5% for electrics.

Farmers is ploughing you. Very harrowing experience. Tell them to sod off. A seedy company.

@brian h: yes, they're really trying to make hay.

@Dcp9142: Somewhere on the forums I saw a Coloradan say they got AAA coverage. I'll pester AAA about it, but they seem flaky enough that I should avoid them.

Without going into the details and coverages, I will post here and marvel that with USAA, if I add the Model S, my 6 month premium is $385 and that's with it as my primary car with 20k miles per year. This is for a $106k car with high performance.

Meanwhile, I have my 1991 Bentley Turbo R that I'm HOPING to sell for $12k insured with the same deductibles but driving only 2000 a year, and it is $612/6 months.

Go figure....

I just inquired with my insurance company how much my 6 month premium would be if we bought a Model S. Our rates are pretty low as we have never had any tickets. For both my wife and I it would be about $700 more per year to insure a Model S vs. her BMW 335i (which we'd replace it with).

I am in Sacramento, CA with AMICA insurance. Having 2 other vehicles the S85 adds 1400 to my annual insurance bill. After reading this thread I need to shop. They won't insure my rental properties. I need to look at a package deal.

USAA is $600 for 6 months. I think that is quite reasonable and they provide good and fast service.

water damage palm beach

Replacing a BMW 325 with the TMS adds about $120 for 6 months ($440->$560). This is with State Farm in Oregon. Multi car + House + good driving record discounts, no kids of driving age :-)

Comparisons of premiums mean so little when, like real estate, location can make a huge difference with the exact same coverage and driving record. In Nassau County, New York, if you live in the western part of the county you'll pay a lot more than if you live farther out on the island. Move into the next county, Suffolk, and the rates drop precipitously.

Add to that your driving record, ages of drivers in household, their driving records, use of each car in household, coverage, multi-car, multi-policy and none of the numbers posted here can make any relevant statement about how much it costs to insure a Tesla. It can only say how much it costs to insure your Tesla.

Next, we can compare airline fares seat by seat on the same flight. After that, cruise pricing.

@jtodtman: totally agree. That's why I posted this as a relative comparison. Going from a BMW 325i to a TMS the premium went up by about 25%. So if your insurance company asks for 2x the premium it's time to go insurance company shopping.

But you are of course correct that the absolute amount is mostly meaningless.

@dirkhh You are correct that the numbers in your post can actually be helpful to others when comparing two cars of the same relative class in the same house.

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