Over the past year, Jerry has helped more than 12460 Tesla drivers shop for auto insurance. By reviewing thousands of real policies, we know what Tesla owners are paying today and what a fair rate looks like across different coverage levels.
The most competitive annual premiums Jerry has found for Tesla insurance are:
$898 per year for basic coverage, $3,720 per year for standard full coverage and $4,755 per year for premium full coverage protection.
These numbers are starting benchmarks. Your actual premium depends on factors like your Tesla model, driving history and location. On average, Tesla drivers spend between $3,740 and $7,646 per year for full coverage — with the average being $6,609 — which is notably higher than the national average of $3,854. Advanced tech, higher repair costs and specialized parts often push premiums up compared to traditional vehicles.Jerry compares live quotes from major insurers and pulls data from thousands of Tesla policies so you know whether you’re getting the right coverage at a fair price.
How much does it cost to insure a Tesla?
Insurance costs for Teslas vary widely, but Jerry makes it easy to see what other drivers with your model and and driving history are paying right now.
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Model
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Driver from
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Date of quote
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Monthly quote
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Savings
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Model
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Driver from
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Date of quote
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Monthly quote
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Savings
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|---|---|---|---|---|
| Model Y | Sacramento, CA | September 28, 2025 | $365 | 4% |
| Model 3 | Marina Del Rey, CA | September 28, 2025 | $448 | 47% |
| Model Y | Atlanta, GA | September 27, 2025 | $179 | 29% |
| Model S | Elizabethtown, KY | September 26, 2025 | $185 | 35% |
| Model Y | East Orange, NJ | September 26, 2025 | $435 | 31% |
Methodology
Based on drivers with no accidents or violations who saved with Jerry over the past 12 months. Not all customers find savings. Savings depend on state, policy features, coverage, driving history and other factors.
Key takeaway: Two Tesla drivers in the same city can pay premiums that differ by thousands a year. Jerry benchmarks your situation in minutes so you know if you’re overspending.
Estimate car insurance costs
Enter your ZIP code to see what Jerry customers have been quoted for full coverage, on average.
Average monthly quote:Methodology
Jerry's editorial team analyzed Jerry customer quotes to find the median full coverage quote, by ZIP code. We looked at customers driving popular vehicles, including the Ford-150, Honda Accord, Nissan Altima, RAM 1500, Toyota Camry and Toyota RAV4 . We also used the following base driver profile:
- 35-45 years old.
- Clean driving record.
- $50,000 in bodily injury liability, per person.
- $100,000 in bodily injury liability, per accident.
- $1,000 deductible for comprehensive and collision insurance.
What’s the best insurance for a Tesla?
From the Model 3 sedan to the Model X SUV and the high-performance Plaid editions, Tesla vehicles combine cutting-edge tech with luxury-level repair costs. That means your insurance should do more than cover the basics; it should also protect your EV’s value and ensure repairs are done the right way.
Here’s what Tesla owners often include in their policies.
- Robust liability coverage: Teslas are powerful and fast. Many drivers choose 100/300/100 liability limits for stronger financial protection; this means $100,000 per person/$300,000 per accident in bodily injury liability and $100,000 per accident in property damage liability.
- Comprehensive and collision: This covers at-fault accidents, theft and environmental risks like flooding or fire, all of which are important for high-value EVs.
- OEM parts coverage: This ensures your Tesla is repaired with genuine parts and Tesla-certified components after a claim, rather than aftermarket alternatives that can impact safety and market value.
- New car replacement: If your Tesla is totaled within its first couple of years, this add-on pays for a brand-new replacement instead of just the depreciated value.
- Roadside assistance: This provides towing (especially important given EV charging), jump-starts, lockout services and flat-tire help if you’re ever stranded.
- Rental reimbursement: This add-on pays for a rental car while your Tesla is being repaired after a covered claim.
- Gap insurance: Gap insurance protects financed or leased Teslas by covering the difference between its actual cash value (ACV) and what you still owe if it’s totaled.
- Claims service reputation: Luxury EV drivers expect seamless service. Jerry highlights top carriers known for efficient, fair claims handling.
Key takeaway: The best Tesla insurance combines strong liability limits with coverages that account for higher repair costs and specialized EV needs.
If you have a loan or lease on your vehicle, the lender will require
4 ways Tesla drivers can lower insurance costs
Jerry’s experts recommend these proven strategies to help Tesla owners keep premiums manageable without cutting back on coverage.
| How to save | Typical savings among Tesla drivers |
|---|---|
| Compare quotes | 11% to 52% |
| Stack discounts | 2% to 16% |
| Adjust coverage | 7% to 61%* |
| Ensure your policy fits your budget to avoid a lapse | 19% |
*Among all Jerry drivers nationwide.
Methodology
Based on drivers with no accidents or violations who saved with Jerry over the past 12 months. Not all customers find savings. Savings depend on state, policy features, coverage, driving history and other factors.
*Among all Jerry drivers nationwide.
Tip 1: Compare insurers before renewing
Not every insurer rates Teslas the same way. Some overprice EV repairs to account for unknown variables with this new technology, while others offer more competitive rates that are in line with gas-powered vehicles of the same value.
Here’s where Tesla drivers who saved switched last year after shopping with Jerry.
| Carrier | % of Tesla drivers who switched | Average savings with Jerry |
|---|---|---|
| Progressive | 38% | 31% |
| Bristol West | 25% | 11% |
| Root | 19% | 29% |
| Dairyland | 6% | 19% |
| Embark General | 6% | 52% |
Methodology
Based on drivers with no accidents or violations who saved with Jerry over the past 12 months. Not all customers find savings. Savings depend on state, policy features, coverage, driving history and other factors.
Why it matters: Comparing rates across carriers can cut Tesla insurance premiums by more than half in some cases. Jerry shows you live prices so you always know which company has the best deal.
Tip 2: Stack discounts for bigger savings
Tesla drivers often qualify for multiple discounts, from safe driver programs to bundling with renters or homeowners insurance. Not every insurer applies them automatically, but Jerry finds and stacks discounts for you.
| Discount | Average Savings |
|---|---|
| Use the Good Driver discount | 16% |
| Safety features installed in vehicle | 2% |
| Homeowner discount (even without bundling) | 4% |
| Sign up for automatic payments | 2% |
| Buy your policy early (advance quote) | 3% |
Methodology
Based on drivers with no accidents or violations who saved with Jerry over the past 12 months. Not all customers find savings. Savings depend on state, policy features, coverage, driving history and other factors.
Key takeaway: Combining discounts can reduce costs more effectively than raising deductibles or cutting coverage.
Tip 3: Follow coverage trends among Tesla owners
Because Teslas are high-tech and costly to repair, most owners buy more than the minimum coverage.
State minimum (per month):$80 to $172
Offers the state-mandated minimum coverage
State minimum + full coverage (per month):$276 to $578
Adds collision and comprehensive
Standard (per month):$322 to $675
Coverage varies by state. May increase liability, add uninsured/underinsured motorist, medical payments, towing, rental coverages.
Preferred (per month):$344 to $634
Coverage varies by state. May raise liability further, lower deductibles, increase medical payments, towing/rental coverages.
Methodology
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: The majority of Tesla drivers with 2020 or newer models carry full coverage. Many choose 100/300/100 liability limits with comprehensive and collision, ensuring protection against both financial liability and expensive EV-specific repairs.
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.
Methodology
Based on drivers aged 35-44 who requested standard coverage quotes through Jerry with no accidents or violations, driving one vehicle (model years 2015-2018), over the past 60 months. Not all customers find savings. Savings depend on state, policy features, coverage, driving history and other factors.
Jerry Proof: Real Tesla drivers, real savings
Curious how much Tesla owners save with Jerry? Here are real drivers, their EVs and the discounts they secured by switching.
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Model
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Driver from
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Policy date
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Old rate
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New rate
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Annual savings
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Model
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Driver from
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Policy date
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Old rate
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New rate
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Annual savings
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|---|---|---|---|---|---|
| Model Y | Sacramento, CA | September 28, 2025 | $4,560 | $4,384 | $176 |
| Model 3 | Marina Del Rey, CA | September 28, 2025 | $10,200 | $5,380 | $4,820 |
| Model Y | Atlanta, GA | September 27, 2025 | $3,036 | $2,152 | $884 |
| Model S | Elizabethtown, KY | September 26, 2025 | $3,400 | $2,225 | $1,175 |
| Model Y | East Orange, NJ | September 26, 2025 | $7,548 | $5,214 | $2,334 |
Methodology
Based on drivers with no accidents or violations who saved with Jerry over the past 12 months. Not all customers find savings. Savings depend on state, policy features, coverage, driving history 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 often costs more than average, but Jerry makes sure you never pay more than necessary. Whether you’re insuring a Model 3, a family-ready Model Y or a high-performance Model S Plaid, Jerry compares top insurers, applies every discount and manages renewals so you can always get the right coverage at the best price.
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.
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.
Lacie Glover is a Lead Writer and Editor with sixteen years’ experience in the insurance category. Prior to Jerry, she spent more than a decade on NerdWallet’s content team writing, editing and then overseeing the auto insurance category, as well as dabbling in other insurance and automotive topics. Prior to her career in the online personal finance content space, Lacie spent time in the hard sciences, in clinical research and chemistry labs. She has a bachelor’s degree from Colorado State University.
