Tesla Roadster Insurance Rates

The average insurance rates for a Tesla Roadster are $1,482 a year with full coverage. Comprehensive costs on average $314 a year, collision insurance costs $536, and liability costs $474. Buying just liability costs as little as $522 a year, and insurance for high-risk drivers costs around $3,206. Teenage drivers cost the most to insure at up to $5,554 a year.

Average premium for full coverage: $1,482

Policy rates by type of insurance:

Rate estimates include $500 physical damage deductibles, 30/60 bodily injury liability limits, and includes both medical and UM/UIM coverage. Prices are averaged for all U.S. states and Roadster trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location can have significant affects on auto insurance rates. Rural areas are shown to have a lower frequency of collision claims than densely populated cities. The diagram below illustrates how rural and urban location affects car insurance rates.

The examples above demonstrate why it is important to compare rates based on a specific location and risk profile, instead of using average rates.

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

Rate Comparisons

The chart below details average Tesla Roadster insurance rates for different risk profiles and scenarios.

• The best discount rate is $850
• Drivers who choose higher $1,000 deductibles will pay around $1,288 annually
• The average rate for a good driver age 40 with $500 deductibles is $1,482
• Using low $100 deductibles for comprehensive and collision insurance will increase the cost to $1,854
• Higher-risk drivers who are prone to accidents and violations could pay upwards of $3,206
• Policy cost for full coverage for a teen driver may cost $5,554 a year

View Chart as Image

Insurance rates for a Tesla Roadster also range considerably based on your risk profile, the trim level and model year, and policy deductibles and limits.

Older drivers with a clean driving record and high deductibles may pay as little as $1,400 per year on average, or $117 per month, for full coverage. Rates are much higher for teenagers, where even good drivers can expect to pay upwards of $5,500 a year. View Rates by Age

Your home state makes a big difference in Tesla Roadster insurance prices. A 40-year-old driver could pay as low as $1,070 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $2,000 on average in Florida, Michigan, and New York.

View Chart as Image

Using high physical damage deductibles could save up to $570 every year, while buying higher liability limits will cost you more. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $426 more per year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out at a minimum $1,800 to $2,400 extra every year, depending on your age. A high-risk auto insurance policy can cost as much as 43% to 136% more than a normal policy. View High Risk Driver Rates

How to Find the Best Tesla Roadster Insurance

Finding cheaper rates on car insurance not only requires being a safe and courteous driver, but also maintaining good credit, not filing small claims, and determing if full coverage is necessary. Set aside time to shop around at every other renewal by getting price quotes from direct companies like GEICO, Progressive, and Esurance, and also from local insurance agents.

Below is a brief recap of the concepts that were raised in the charts and tables above.

• Higher risk drivers who tend to receive serious violations may be required to pay an average of $1,720 more each year for auto insurance
• Teenage drivers pay the highest rates, as much as $463 each month for full coverage
• You may be able to save as much as $180 per year just by quoting early and online
• Increasing comprehensive and collision deductibles can save around $575 each year
• You may be able to save as much as $180 per year just by quoting early and online