Tesla Roadster Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Aug 24, 2022

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U.S. average auto insurance rates for a Tesla Roadster are $1,414 annually for full coverage. Comprehensive insurance costs an estimated $296, collision costs $486, and liability costs around $474. A policy with just liability insurance costs as low as $522 a year, with coverage for high-risk drivers costing $3,054 or more. Teenage drivers pay the highest rates at $5,332 a year or more.

Average premium for full coverage: $1,414

Price estimates broken down by individual coverage:

Comprehensive $296
Collision $486
Liability $474

Rates are based on $500 policy deductibles, 30/60 liability coverage, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all states and for different Roadster trim levels.

Price Range from Low to High

Using a middle-aged driver as an example, Tesla Roadster insurance prices go from as cheap as $522 for just the minimum liability insurance to a much higher rate of $3,054 for a policy for a high-risk driver.

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

Geographic Price Range

Where you live can make a big difference on insurance rates. More rural locations have fewer accident claims than densely populated cities.

The price range example below illustrates how where you live affects insurance prices.

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

The ranges above show why anyone shopping for car insurance should compare prices for a targeted area and their own personal driving habits, instead of making a decision based on average rates.

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.

Additional Rate Analysis

The chart below shows estimated Tesla Roadster insurance rates for other coverage scenarios.

  • The best discount rate is $818
  • Using higher $1,000 deductibles will save approximately $178 a year
  • The estimated rate for the average middle-age driver who has $500 deductibles is $1,414
  • Using more expensive low deductibles for physical damage coverage costs an additional $342 annually
  • High-risk insureds who are prone to accidents and violations could pay up to $3,054 or more
  • The price with full coverage for a 16-year-old driver with full coverage can cost as much as $5,332 or more

View Chart as Image

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

Insurance prices for a Tesla Roadster are also quite variable based on the trim level and model year, your driver profile, and liability limits and deductibles.

An older driver with a clean driving record and high physical damage deductibles may pay as low as $1,300 a year for full coverage. Prices are much higher for teenage drivers, where even without any violations or accidents they can expect to pay at least $5,300 a year. View Rates by Age

If you have some driving violations or you caused a few accidents, you could be paying $1,700 to $2,300 extra each year, depending on your age. High-risk driver insurance can be from 43% to 134% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could cut prices by as much as $520 annually, while increasing your policy's liability limits will increase premiums. Going from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $426 more per year. View Rates by Deductible or Liability Limit

The state you live in has a huge impact on Tesla Roadster insurance prices. A driver around age 40 might see prices as low as $930 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $2,020 on average in New York, Louisiana, and Michigan.

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

Since prices can be so different, the only way to know which car insurance is cheapest is to compare prices from multiple companies. Each insurance company uses a different method to calculate prices, so the prices may be quite different between companies.

Tesla Roadster Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2008 Tesla Roadster $296 $486 $474 $1,414

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 Buy the Best Cheap Tesla Roadster Insurance

Getting lower rates on insurance for a Tesla Roadster requires being safe and accident-free, having a good credit history, eliminating unnecessary coverage, and taking advantage of discounts. Take the time to comparison shop every year by getting quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

Below you'll find a quick review of the coverage data touched on in the above illustrations.

  • Drivers can save approximately $170 per year simply by shopping early and online
  • Increasing physical damage deductibles could save up to $525 each year
  • Youthful drivers are charged the highest prices, with premiums as much as $444 a month including comprehensive and collision insurance
  • Drivers considered higher risk with a DUI or reckless driving violation may pay on average $1,640 more annually than a low-risk driver

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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