Over the past year, Jerry has helped 12,653 Tesla drivers find their right insurance coverage and real savings. By looking at thousands of real policies, we know what Tesla owners actually pay — and what counts as a fair rate at each coverage level.
The current competitive annual prices for Tesla drivers are:
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$990 for basic coverage.
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$3,579 for standard coverage.
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$4,700 for premium coverage.
That said: Your individual price depends on your Tesla model, driving history and location!
On average, Tesla drivers pay between $3,828 and $8,294 annually for standard coverage, with the typical cost landing around $7,209. That’s higher than the national average of $3,818, mainly because of Teslas’ advanced tech, repair costs and specialized parts.
Already insured? Jerry pulls live quotes from top insurers so you can easily compare and see if you’re getting the best price and coverage. If we find a better deal, you can switch right away, even before renewal time. Jerry does the legwork to cancel your old policy and help get any refund you’re owed.
Fast track your Tesla insurance with Jerry.
How much does Tesla insurance cost?
Tesla insurance rates vary widely, but Jerry makes it easy to see what drivers with your model and profile are actually paying.
Recent quotes
Based on Jerry customers with clean driving records who found savings in the past 12 months. Savings vary by state, coverage, driver profile and other factors.
Key takeaway: Two Tesla drivers in the same city can pay premiums that differ by thousands a year. Jerry does all the legwork to compare rates from different insurance companies so you can make the right decision for your insurance coverage.
What’s the best insurance for a Tesla?
Teslas aren’t just another car: They’re high-tech machines with specialized repair needs. That’s why strong coverage matters more than it might for a standard vehicle.
If you have a loan or lease on your Tesla, your lender will require full coverage. You may also need gap insurance, which can help you pay off your loan if your car is totaled.
Jerry recommends that Tesla drivers consider buying at least 100/300/100 liability with collision and comprehensive. That’s above the state minimum, but worth it for Teslas’ higher repair costs and EV-specific risks.
No matter your lender requirements, financial situation or insurer, there are plenty of coverage options that can help protect your Tesla. Here are a few of the most popular ones, what they do and why Tesla drivers tend to choose them.
Higher liability limits
Teslas are powerful, and at-fault accidents can get expensive. More than half (52%) of Jerry Tesla drivers choose higher-than-minimum coverage.
Full coverage
Protects your investment from break-ins, floods and crashes. Of Jerry Tesla drivers, 55% buy full coverage with comprehensive and collision.
OEM parts coverage
Ensures that repairs use Tesla-certified parts and specialized techs, and is usually offered on vehicles between three and 10 years old.
New car replacement
Offsets fast depreciation if your car is totaled. Most totaled Teslas have fewer than 10,000 miles, making this coverage especially valuable for newer EVs.
Roadside assistance
Handles towing, flat tires and lockouts. All Teslas get complimentary roadside assistance while under factory warranty.
Rental reimbursement
Covers a loaner during lengthy repairs. Drivers can buy 30 or 45 days of rental reimbursement, depending on carrier and state.
Gap insurance
Covers your loan or lease balance if the car is totaled. Of all drivers, 39% add gap coverage when financing their vehicle.
Accident forgiveness
Protects you from rate hikes after your first at-fault accident. Without it, Tesla drivers’ premiums rise 12% on average (and sometimes much more!)
See coverage options for your Tesla.
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Coverage definitions
4 best ways Tesla drivers can lower insurance costs
The goal with car insurance is simple: Get the strongest coverage at the best price you can find. And Teslas aren’t just any car — they’ve got unique repair costs, tech that’s ahead of the curve and coverage needs that insurers don’t always get right.
That’s why it helps to know a few insider strategies. Our Jerry experts work with Tesla drivers every day, and we know how to help them keep premiums manageable without skimping on the coverage their cars deserve. Here are our top tips.
| How to save | Typical savings |
|---|---|
| Compare quotes | 44% to 80% among Tesla drivers. |
| Stack discounts | 26% to 49% among Tesla drivers. |
| Adjust coverage | 7% to 61% among all drivers. |
| Ensure your policy fits your budget to avoid a lapse | 19% among all drivers. |
Based on Jerry customers with clean driving records who found savings in the past 12 months. Savings vary by state, coverage, driver profile and other factors.
Tip 1: Compare insurers before renewing
Not every insurer knows how to price Teslas. Some overestimate the unknowns, while others treat them like gas cars. The result is big price gaps for the same coverage.
Among those who saved, here’s where Tesla drivers switched last year after shopping with Jerry:
| Insurance carrier | Tesla drivers who switched | Average Jerry savings |
|---|---|---|
| Progressive | 38% | 31% |
| Bristol West | 25% | 11% |
| ROOT | 19% | 29% |
| Dairyland | 6% | 19% |
| Embark General Incline | 6% | 52% |
Based on Jerry customers with clean driving records who found savings in the past 12 months. Savings vary by state, coverage, driver profile and other factors.
Why it matters: A quick comparison can shave premiums by half. Jerry shows you real prices in real time, so you can see who’s actually offering the best deal before you buy.
Tip 2: Stack discounts for bigger savings
Most Tesla drivers qualify for more discounts than they realize: safe driving, autopilot safety features, homeownership or even just buying a policy early. The catch? Insurers don’t always apply these automatically.
Jerry hunts them down and stacks them for you.
Key takeaway: Discounts can add up to more savings than raising deductibles alone.
Tip 3: Follow coverage trends among Tesla owners
When it comes to coverage, Tesla drivers tend to go big… they don’t typically buy just the bare minimum. And that makes sense considering the cost and performance of these vehicles.
Minimum
$78– $169/mo
Offers the legal minimum limits, which vary by state.
Full
$272– $572/mo
Includes minimum liability plus collision and comprehensive coverage.
Standard
$318– $675/mo
Increases liability limits, adds things like UM/UIM, medical, towing & more.
Preferred
$336– $630/mo
Raises liability further, lowers deductibles, expands extra coverages.
Based on drivers with no accidents or violations who saved with Jerry over the past 6 months. Quotes and coverage not available for all customers.
Why it matters: Most Tesla drivers with 2020+ models choose full coverage with higher limits. Jerry experts recommend at least 100/300/100 for balanced protection.
Tip 4: Make sure your coverage stays within budget
Insurance lapses can lead to higher premiums later, even if the gap is short. For the average Tesla driver, the jump in premium is about 19%. If your current policy is stretching your budget, it’s worth reviewing your coverage before renewal. Adjusting limits, increasing deductibles or removing extras you don’t need can help keep your plan affordable and consistent, so you don’t risk a lapse.
Based on Jerry drivers aged 35–44 with clean records who requested standard coverage quotes over the past 60 months. Savings vary by state, coverage, and driver profile.
Jerry Proof: Real Tesla drivers, real savings
Curious what all of this looks like in real life? Here are some real Tesla owners who recently saved big by switching with Jerry.
Recent quotes
Based on Jerry customers with clean driving records who found savings in the past 12 months. Savings vary by state, coverage, driver profile and other factors.
Customer feedback: Drivers who switched with Jerry rate us 4.6 out of 5 stars on Trustpilot.
Drive with confidence
Tesla insurance may cost more, but overpaying isn’t inevitable. Whether you drive a Model 3 or a Plaid, Jerry helps you get the right coverage without inflating premiums.
We compare top insurers, stack every discount and keep an eye on renewals so you never miss a better deal.
It only takes 2 minutes to sign up at Jerry.
Stephanie Colestock is a professional writer, CFEI®, and licensed insurance agent specializing in personal finance. With over 14 years of experience, she crafts insightful and accessible content on a wide range of financial topics, including insurance, loans, credit/debt, investing, retirement planning, and banking.
Her bylines appear in top-tier publications such as TIME, Fortune, MSN, Business Insider, USA Today, Money, Fox Business, and CBS. Stephanie’s deep understanding of complex financial concepts and her ability to communicate them clearly have made her a trusted voice in the industry.
When she’s not writing, Stephanie enjoys SCUBA diving, reading a good book, and traveling the world with her family.
Methodology
Statistics and conclusions presented in this article based on drivers who requested quotes through Jerry over the past 12 months and who had no accidents or violations, unless otherwise indicated. Quotes and coverage not available for all customers. Not all customers find savings.
