Compare Best Car Insurance Companies That Insure Teslas [2023]
Car insurance companies that insure Teslas are not difficult to find. Most major insurance companies will insure your Tesla, but you can find Tesla insurance through the company itself if you live in California. Tesla car insurance rates are over $400 on average, though you could save money by shopping around.
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Brandon Frady
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Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
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UPDATED: Aug 30, 2023
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Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Aug 30, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Car insurance companies that insure Teslas will have higher-than-average rates for policyholders
- Tesla offers its own in-house insurance program for its cars, though this insurance is only offered to drivers in California
- You will need to carry full coverage on your Tesla to ensure it is covered in the event of an accident
If you have a Tesla or daydream about owning one, you may be curious to know about different car insurance companies that insure Teslas.
There are plenty of car insurance companies that offer insurance for Tesla cars. And there is the option to purchase Tesla car insurance for certain drivers.
If you are looking to insure a Tesla, you can expect your car insurance rates to be much higher than average. This is because you will want to carry a full coverage policy — which includes comprehensive car insurance — if you’re ever in an accident.
If you’re looking for the cheapest car insurance for Tesla, you will have a difficult time finding anything that is considered cheap Tesla car insurance. As you look to buy Tesla car insurance, be sure to compare quotes from multiple companies to see what coverage you can get and for what price.
You can use our free tool above to compare Tesla car insurance quotes from different companies and decide what works best for you.
- Tesla Car Insurance
What are the car insurance companies that insure Teslas?
Plenty of car insurance companies insure Teslas. Some of the most common companies that insure Teslas include:
- Progressive
- Geico
- Allstate
- Farmers
- AAA
- Mercury
- AAA Norcal
If you drive a Tesla, you also have the option of purchasing insurance through the company itself.
Tesla only offers car insurance to individuals who drive in California. But the company says its Tesla car insurance rates are 20-30% lower than the average rates for Tesla insurance.
Tesla’s insurance company won’t insure you if you work for a rideshare service or use your vehicle for commercial use. Keep that in mind if you consider reaching out for coverage options.
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What are the car insurance companies that won’t insure Teslas?
While most of the well-known car insurance companies will offer coverage for Teslas, some companies will not.
Most of the companies that decline coverage on a Tesla do so because the policy will have to be outside the standard range of insurance coverage or because the driver has a bad driving record.
You may have a hard time with car insurance rates for your Tesla, depending on which Tesla car insurance companies you consider for coverage. But you shouldn’t run into much of a problem when looking to get your Tesla insured.
How much does Tesla car insurance cost?
Car insurance rates for Teslas will be higher than average regardless of where you live or what your driving record is like. But, just like other car insurance rates, your Tesla car insurance rates will be based on several factors, including:
- The model of Tesla
- How much you drive
- The type of coverage you want
- Your home address
The average monthly rate for Tesla car insurance is $400 a month, or over $4,500 a year.
This price is due to the cost of the car and the technology it carries. You will also want a full coverage policy when you drive your Tesla. This will ensure you are fully protected if you get into an accident.
While the cost to insure a Tesla sounds like a lot, you may be able to find cheaper rates if you shop around online to compare quotes.
If you are looking for affordable Tesla car insurance, use our free quote tool below to compare rates and decide what works best for you.
Frequently Asked Questions
Which car insurance companies are known for providing coverage for Teslas?
Several car insurance companies offer coverage specifically tailored for Tesla vehicles. Some of the popular companies include:
- State Farm
- Geico
- Progressive
- Allstate
- Liberty Mutual
What factors should I consider when choosing a car insurance company for my Tesla?
When selecting an insurance company for your Tesla, consider the following factors:
- Coverage options: Look for comprehensive coverage, collision coverage, and coverage for specific Tesla features.
- Cost: Compare premium rates and deductibles to find the most affordable option for your needs.
- Customer service: Research the company’s reputation for customer support and claims handling.
- Financial stability: Ensure the insurance company has a strong financial standing.
- Discounts: Inquire about any discounts available for Tesla owners or specific safety features.
Are there any specific car insurance considerations for Teslas?
Yes, Teslas have some unique insurance considerations. These may include:
- Cost of repairs: Teslas often have higher repair costs due to specialized parts and technology, which can impact insurance premiums.
- Battery coverage: Check if the insurance policy includes coverage for the Tesla’s battery, as it is a vital and expensive component.
- Autopilot coverage: Confirm whether the policy covers any accidents or incidents related to the use of Tesla’s Autopilot feature.
Can I insure my Tesla with a standard car insurance policy?
Yes, many standard car insurance policies can provide coverage for Teslas. However, it’s important to review the policy details to ensure that it adequately covers your specific Tesla model and its features.
What are the pros of insuring Teslas with different insurance companies?
Pros:
- Comprehensive coverage options tailored for Teslas
- Competitive rates and discounts for Tesla owners
- Knowledgeable customer support for Tesla-specific concerns
- Fast and efficient claims handling processes
What are the cons of insuring Teslas with different insurance companies?
Cons:
- Higher insurance premiums due to the expensive repair costs of Tesla vehicles
- Limited availability of specialized coverage options
- Some insurance companies may have less experience with electric vehicles and their unique requirements
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Brandon Frady
Licensed Insurance Agent
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.