Tesla Roadster Insurance Rates

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UPDATED: Mar 29, 2024

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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:

Comprehensive $296
Collision $486
Liability $474

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

For the average driver, prices range range from as low as $522 for a discount liability-only rate to a high of $3,054 for a policy for a high-risk driver.

Liability Only $522
Full Coverage $1,414
High Risk $3,054

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.

Rural Areas $1,061
Small Cities $1,485
Large Cities $1,909

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.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

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

Tesla Roadster insurance cost comparison chart
Column chart showing Tesla Roadster insurance prices range from $818 to $5,332 for full coverage

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.

Tesla Roadster Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,278 -$136 -9.6%
Alaska $1,082 -$332 -23.5%
Arizona $1,174 -$240 -17.0%
Arkansas $1,414 -$0 0.0%
California $1,610 $196 13.9%
Colorado $1,350 -$64 -4.5%
Connecticut $1,454 $40 2.8%
Delaware $1,600 $186 13.2%
Florida $1,770 $356 25.2%
Georgia $1,302 -$112 -7.9%
Hawaii $1,014 -$400 -28.3%
Idaho $956 -$458 -32.4%
Illinois $1,052 -$362 -25.6%
Indiana $1,062 -$352 -24.9%
Iowa $954 -$460 -32.5%
Kansas $1,344 -$70 -5.0%
Kentucky $1,928 $514 36.4%
Louisiana $2,092 $678 47.9%
Maine $872 -$542 -38.3%
Maryland $1,166 -$248 -17.5%
Massachusetts $1,130 -$284 -20.1%
Michigan $2,456 $1,042 73.7%
Minnesota $1,182 -$232 -16.4%
Mississippi $1,692 $278 19.7%
Missouri $1,254 -$160 -11.3%
Montana $1,518 $104 7.4%
Nebraska $1,112 -$302 -21.4%
Nevada $1,694 $280 19.8%
New Hampshire $1,016 -$398 -28.1%
New Jersey $1,578 $164 11.6%
New Mexico $1,252 -$162 -11.5%
New York $1,490 $76 5.4%
North Carolina $814 -$600 -42.4%
North Dakota $1,158 -$256 -18.1%
Ohio $976 -$438 -31.0%
Oklahoma $1,452 $38 2.7%
Oregon $1,294 -$120 -8.5%
Pennsylvania $1,350 -$64 -4.5%
Rhode Island $1,884 $470 33.2%
South Carolina $1,280 -$134 -9.5%
South Dakota $1,194 -$220 -15.6%
Tennessee $1,238 -$176 -12.4%
Texas $1,704 $290 20.5%
Utah $1,046 -$368 -26.0%
Vermont $968 -$446 -31.5%
Virginia $848 -$566 -40.0%
Washington $1,094 -$320 -22.6%
West Virginia $1,294 -$120 -8.5%
Wisconsin $978 -$436 -30.8%
Wyoming $1,260 -$154 -10.9%

View Chart as Image

Tesla Roadster insurance rates by U.S. city

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

Tesla Roadster Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2011 Tesla Roadster $296 $486 $474 $1,414
2010 Tesla Roadster $286 $436 $468 $1,348
2008 Tesla Roadster $276 $406 $452 $1,292

Rates are averaged for all Tesla Roadster models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

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

Rates by Driver Age

Tesla Roadster Insurance Rates by Driver Age
Driver Age Premium
16 $5,332
20 $3,242
30 $1,466
40 $1,414
50 $1,292
60 $1,266

Full coverage, $500 deductibles

Rates by Deductible

Tesla Roadster Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,756
$250 $1,598
$500 $1,414
$1,000 $1,236

Full coverage, driver age 40

Rates by Liability Limit

Tesla Roadster Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,414
50/100 $1,509
100/300 $1,627
250/500 $1,935
100 CSL $1,556
300 CSL $1,817
500 CSL $2,007

Full coverage, driver age 40

Rates for High Risk Drivers

Tesla Roadster Insurance Rates for High Risk Drivers
Age Premium
16 $7,598
20 $5,170
30 $3,114
40 $3,054
50 $2,916
60 $2,888

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $196

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $75
Multi-vehicle $75
Homeowner $22
5-yr Accident Free $101
5-yr Claim Free $92
Paid in Full/EFT $62
Advance Quote $69
Online Quote $100
Total Discounts $596
Rate after discounts $818

Discounts are estimated and may not be available from every company or in every state.

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