Compare Car Insurance Companies That Insure Teslas [2022]

Car insurance companies that insure Teslas are not difficult to find, but rates will be higher than average. Most major insurance companies will insure your Tesla, and you can find insurance for your Tesla through the Tesla company itself if you live in California. Monthly car insurance rates for Tesla are over $400 on average, though you could save money by shopping around and comparing quotes from multiple companies.

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A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Written by Laura Berry
Former Insurance Agent Laura Berry

Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP® Joel Ohman

UPDATED: Jun 22, 2022

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Here's What You Need to Know

  • 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. 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.

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
  • 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 is car insurance for Teslas?

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.

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Enter your ZIP code below to view companies that have cheap car insurance rates.

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