Tesla Roadster Insurance Rates

Average insurance rates for a Tesla Roadster are $1,558 a year for full coverage insurance. Comprehensive costs an estimated $336 a year, collision insurance costs $586, and liability is $478. A policy with just liability insurance costs around $526 a year, and coverage for high-risk drivers costs around $3,376. 16-year-old drivers receive the highest rates at up to $5,800 a year.

Average premium for full coverage: $1,558

Rate estimates broken down by individual coverage type:

Prices include $500 comprehensive and collision deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all 50 states and Roadster trim levels.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city can make a big difference on the price of insurance. More rural locations tend to have a lower frequency of physical damage claims than congested cities. The diagram below illustrates how your location can change insurance prices.

These examples illustrate why it is important to compare rates quotes for a targeted area and risk profile, instead of making a decision based on rate averages.

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

Additional Charts and Tables

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

• The best full coverage rate is $889
• Raising to $1,000 deductibles will save approximately $1,348 each year
• The average rate for a 40-year-old driver who has $500 deductibles is $1,558
• Buying low $100 deductibles will increase the cost to $1,964
• Drivers with multiple tickets or accidents could pay up to $3,376
• The cost for full coverage for a 16-year-old driver can cost as much as $5,800

View Chart as Image

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

Older drivers with no violations or accidents and high deductibles may pay as low as $1,400 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 $5,800 a year. View Rates by Age

Where you live also has a big influence on Tesla Roadster insurance prices. A middle-age driver might find rates as low as $1,020 a year in states like North Carolina, Wisconsin, and Vermont, or at least $2,100 on average in Florida, New York, and Michigan.

View Chart as Image

Opting for high physical damage deductibles can reduce rates by up to $620 annually, while buying higher liability limits will increase premiums. Switching from a 50/100 limit to a 250/500 limit will cost as much as $430 more each year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are probably paying $1,800 to $2,500 additional per year, depending on your age. A high-risk auto insurance policy is expensive and can cost from 43% to 129% more than the average rate. View High Risk Driver Rates

How to Find the Right Tesla Roadster Insurance

Saving money on insurance for a Tesla Roadster consists of having a decent driving record, having a good credit history, avoid buying unnecessary coverage, and possibly raising deductibles. Invest the time to shop around every other policy renewal by requesting rates from direct insurance companies like GEICO and Progressive, and also from several local insurance agents.

The following items are a quick rundown of the ideas that were illustrated above.

• 16 to 18-year-old drivers are expensive to insure, costing up to $483 per month including comprehensive and collision insurance
• Drivers considered higher risk with reckless driving or DUI convictions pay on average $1,820 more annually than a driver with a clean driving record
• Increasing deductibles can save around $625 each year
• It is possible to save approximately $190 per year just by quoting early and online