Tesla Roadster Insurance Rates

Average insurance rates for a Tesla Roadster are $1,414 a year with full coverage. Comprehensive insurance costs an estimated $296 a year, collision insurance costs $486, and liability coverage is $474. A policy with just liability insurance costs around $522 a year, and coverage for high-risk drivers costs $3,054 or more. Teen drivers receive the highest rates at up to $5,332 a year.

Average premium for full coverage: $1,414

Rate estimates broken down by individual coverage type:

These estimates include $500 physical damage insurance deductibles, 30/60 liability coverage, and includes UM/UIM and medical coverage. Rates are averaged for all U.S. states and Roadster trim levels.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city has a large influence on car insurance rates. More rural locations tend to have a lower frequency of collision claims than larger metro areas. The diagram below illustrates how location impacts insurance prices.

These examples demonstrate why it is important to compare rates quotes for a targeted area and risk profile, rather than using price averages.

Use the form below to get customized rates for your location.

Rates by State, City, and Model

The chart below details average Tesla Roadster insurance rates for other coverage scenarios.

• The lowest rate with discounts is $818
• Raising to $1,000 deductibles will save approximately $1,236 annually
• The average rate for a 40-year-old driver who has $500 deductibles is $1,414
• Choosing low $100 deductibles will cost an extra $342 each year
• Unlucky drivers with multiple violations and an at-fault accident could pay up to $3,054
• The cost for full coverage for a teenage driver can cost as much as $5,332

View Chart as Image

Insurance rates for a Tesla Roadster can also vary considerably based on your driver profile, the trim level and model year, and liability limits and deductibles.

Older drivers with no violations or accidents and high deductibles may only pay around $1,300 every 12 months on average for full coverage. Rates are highest for teen drivers, where even good drivers should be prepared to pay at least $5,300 a year. View Rates by Age

Where you live also has a big influence on Tesla Roadster insurance rates. A middle-age driver might find rates as low as $1,020 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,910 on average in New York, Michigan, and Florida.

View Chart as Image

Choosing high deductibles can reduce rates by up to $520 a year, while buying higher liability limits will increase premiums. Moving from a 50/100 limit to a 250/500 limit will cost as much as $426 more each year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you may be forking out $1,700 to $2,300 additional per year, depending on your age. A high-risk auto insurance policy is expensive and can cost around 43% to 134% more than average. View High Risk Driver Rates

How to Find Cheap Tesla Roadster Insurance

Saving money on auto insurance consists of being a low-risk driver, having a good credit history, eliminating unnecessary coverage, and possibly raising deductibles. Spend time shopping around every year by requesting rates from direct companies like GEICO and Progressive, and also from local exclusive and independent agents.

The items below are a brief summary of the coverage data touched on above.

• You may be able to save approximately $170 per year just by quoting early and online
• Increasing deductibles can save around $525 each year
• Teen drivers are expensive to insure, with premiums as much as $444 per month including comprehensive and collision insurance
• Drivers that tend to have accidents or serious violations may pay on average $1,640 more annually to insure their Roadster