Tesla car insurance

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1Correct as of July 2024

How much does a Tesla cost to insure?

Numerous factors influence the cost of car insurance, including personal details such as your age, location, and driving history.

Another important factor is the Tesla model you choose. While Tesla has cut the cost of many of its models in spring 2024, like most electric vehicles (EVs), they’re still expensive to buy - and in turn insure. This is why it’s crucial to compare prices for insuring your Tesla before you commit.

These are the average car insurance prices for some of the most popular Tesla models:

Model Average price
Model-3 Long Range AWD
Model-3 Standard Range Plus
Model-Y Long Range AWD
Model-Y RWD
Model-3 Performance AWD
Model-S 75D
Model-X Long Range AWD
Model-S 100D
Model-S 85
Model-S 90D

If you want to know more about what affects the cost of Tesla car insurance, see how car insurance is calculated. And you can also check out our guide to what makes electric car insurance different.

*Based on Confused.com data September 2023 - February 2024

How can I save on Tesla car insurance?

There are many factors which affect the price you pay for Tesla car insurance. There are some that you don’t have much choice in - such as your age, postcode, and driving history. But there are several ways in which you could bring down your insurance cost:

Pay your insurance upfront

When you compare Tesla car insurance, you’ll have a choice of paying the quotes you get either monthly or annually. Paying the full annual cost upfront is ultimately the cheaper option, so it’s worth doing it if you can. This is because monthly payments have interest added on - whereas paying your Tesla insurance upfront could save you 38%(2).

Keep an eye on your mileage

Clocking up a huge amount of miles will push up the price of your insurance, so it’s a good idea to keep your mileage down. It’s also important to give your insurer an accurate estimation of how far you plan to drive. You can get this information by comparing the mileage on your last two MOT certificates. To give you an idea, our data shows that the average annual mileage is 6,600 miles(2).

Park your car securely

Parking your Tesla in the right spot could help save on your insurance. For instance, if you park on the street, it’s at greater risk of being vandalised, stolen or hit by a careless driver. Parking off-road - especially in a secure garage - is your safest option… And could knock a few quid off your policy.

Shop around and compare quotes - don’t just accept your renewal price

Insurance companies are in competition with each other, and you can use this to your advantage. The best way to get the right deal is to shop around, comparing different quotes for your Tesla. According to our data, the best time to shop is 18 days before renewal(2).

Looking for more ways to pay less for your Tesla cover? Check out these top tips for cheaper car insurance.

(2)Based on Confused.com data, December - February 2024.

What group is my Tesla in?

If you're thinking about buying a Tesla, it's a good idea to work out how much your car insurance is likely to cost. To give you an indication, check the Tesla model’s car insurance group.

There are 50 car insurance groups, and all models will fall into one of these. The groups are ranked in terms of risk to insurers, with higher groups meaning higher insurance costs. Most Teslas will generally be in higher insurance groups.

These are some of the factors affecting a car’s insurance group:

  • The value of the car: More expensive cars usually fall into higher groups. 
  • Its security features: Anti-theft features will help cars fall into lower groups. 
  • Its repair costs: If a vehicle is more costly to fix, it’ll be found in a higher group. 
  • The car’s power: Vehicles with fast acceleration and high top speeds are statistically at higher risk of being involved in a collision. As such, they’re likely to be in higher groups. 
  • How safe the car is: If a car has more safety features - such as ABS brakes - a collision will be less likely. Safer cars are usually found in lower groups.

Car insurance group checker

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What insurance can I get for my Tesla?

Generally speaking, car insurance for electric cars or hybrids is no different from standard car insurance. But there are certain additional features for electric car insurance, which we'll go into below. If you compare insurance with us, when you get your quotes, keep an eye out for specialist electric car policies.

There are 3 levels of insurance cover you can get for your Tesla:

  • Third-party only (TPO) is the minimum level of cover you need to drive legally in the UK. With a TPO policy, you’ll be covered for any injury you cause third parties, or damage you cause to their vehicle or property. But that’s as far as it goes. Your Tesla won’t be protected against theft or fire damage. Nor will you be able to claim for damage to your car or injury to yourself.
  • Third-party, fire and theft (TPFT) cover is the level of protection in the middle. It protects you against third-party claims for injury or damage, and you can also claim if your car is stolen or damaged by fire. But you won’t be able to claim for damage to your car if you have a collision, or for any injuries you sustain.
  • Comprehensive car insurance is, as you’d expect, the highest level of cover. What you might not expect is it often works out the cheapest. This covers you for damage to your car, and injuries to you and your passengers - as well as to third parties and their vehicles. Your Tesla is also protected against theft and fire damage.

What additional cover can I get for my Tesla?

Electric car insurance usually covers everything that standard car insurance does, provided it's an equivalent policy. But certain extras may be covered, such as:

  • Batteries
  • Cables and charging leads
  • Adaptors
  • Wall boxes

There may also be breakdown and recovery options, such as being taken to the nearest charging point if your battery runs out. In addition, you may get accident liability cover, which could protect you if anybody trips on your cables.

Whenever you compare Tesla insurance, it’s always a good idea to familiarise yourself with what a policy covers - and what it doesn’t - before you commit.

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Page last reviewed: 24/06/2024

Reviewed by: Louise Thomas