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: Mar 29, 2024

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U.S. average insurance prices for a Tesla Roadster are $1,482 every 12 months for full coverage insurance. Comprehensive insurance costs around $314, collision insurance costs $536, and liability costs $474. A policy with just liability insurance costs as little as $522 a year, and coverage for high-risk drivers costs $3,206 or more. Teen drivers pay the highest rates at up to $5,554 a year.

Average premium for full coverage: $1,482

Price estimates for individual coverage:

Comprehensive $314
Collision $536
Liability $474

Rates are based on $500 policy deductibles, 30/60 liability limits, and includes uninsured/under-insured motorist coverage. Estimates are averaged for all 50 states and for different Roadster trim levels.

Price Range from Low to High

Using a 40-year-old driver as an example, Tesla Roadster insurance prices range from the cheapest price of $522 for your basic liability-only policy to a much higher rate of $3,206 for a driver required to buy high-risk insurance.

Liability Only $522
Full Coverage $1,482
High Risk $3,206

Geographic Price Range

Your location can have significant affects on car insurance rates. Areas with sparse population have more infrequent physical damage claims than larger metro areas. The price range example below illustrates how rural and urban location affects auto insurance rates.

Rural Areas $1,112
Small Cities $1,556
Large Cities $2,001

The ranges above illustrate why anyone shopping for car insurance should compare rates for a specific zip code and their own driving history, instead of 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.

More Rate Information

The chart below illustrates average Tesla Roadster insurance rates for additional coverage choices and driver risks.

  • The lowest rate with discounts is $850
  • Drivers who choose higher $1,000 deductibles will pay about $194 each year
  • The average price for the average middle-age driver using $500 deductibles is $1,482
  • Choosing more expensive low deductibles for comprehensive and collision insurance costs an extra $372 every year
  • Higher-risk drivers with multiple violations and an at-fault accident could pay at least $3,206
  • The price to insure a teen driver with full coverage can be $5,554 a year

View Chart as Image

Tesla Roadster insurance cost comparison chart
Column chart showing Tesla Roadster insurance prices range from $850 to $5,554 for full coverage

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

Choosing high deductibles could save up to $570 every year, while increasing your policy's liability limits will increase prices. Switching from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $426 more per year. View Rates by Deductible or Liability Limit

An older driver with a clean driving record and higher deductibles may pay as little as $1,400 per year on average for full coverage. Prices are highest for teenage drivers, since even excellent drivers can expect to pay as much as $5,500 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you are probably paying at least $1,800 to $2,400 extra each year, depending on your age. High-risk driver insurance can cost as much as 43% to 136% more than average. View High Risk Driver Rates

The state you live in makes a big difference in Tesla Roadster insurance prices. A 40-year-old driver could pay as low as $970 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $2,000 on average in Michigan, New York, and Florida.

Tesla Roadster Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,340 -$142 -9.6%
Alaska $1,134 -$348 -23.5%
Arizona $1,228 -$254 -17.1%
Arkansas $1,482 -$0 0.0%
California $1,688 $206 13.9%
Colorado $1,416 -$66 -4.5%
Connecticut $1,522 $40 2.7%
Delaware $1,678 $196 13.2%
Florida $1,854 $372 25.1%
Georgia $1,366 -$116 -7.8%
Hawaii $1,064 -$418 -28.2%
Idaho $1,000 -$482 -32.5%
Illinois $1,104 -$378 -25.5%
Indiana $1,114 -$368 -24.8%
Iowa $1,000 -$482 -32.5%
Kansas $1,408 -$74 -5.0%
Kentucky $2,020 $538 36.3%
Louisiana $2,190 $708 47.8%
Maine $914 -$568 -38.3%
Maryland $1,222 -$260 -17.5%
Massachusetts $1,184 -$298 -20.1%
Michigan $2,574 $1,092 73.7%
Minnesota $1,238 -$244 -16.5%
Mississippi $1,774 $292 19.7%
Missouri $1,314 -$168 -11.3%
Montana $1,592 $110 7.4%
Nebraska $1,168 -$314 -21.2%
Nevada $1,776 $294 19.8%
New Hampshire $1,066 -$416 -28.1%
New Jersey $1,654 $172 11.6%
New Mexico $1,312 -$170 -11.5%
New York $1,560 $78 5.3%
North Carolina $852 -$630 -42.5%
North Dakota $1,212 -$270 -18.2%
Ohio $1,022 -$460 -31.0%
Oklahoma $1,522 $40 2.7%
Oregon $1,356 -$126 -8.5%
Pennsylvania $1,414 -$68 -4.6%
Rhode Island $1,974 $492 33.2%
South Carolina $1,342 -$140 -9.4%
South Dakota $1,250 -$232 -15.7%
Tennessee $1,296 -$186 -12.6%
Texas $1,786 $304 20.5%
Utah $1,096 -$386 -26.0%
Vermont $1,014 -$468 -31.6%
Virginia $888 -$594 -40.1%
Washington $1,146 -$336 -22.7%
West Virginia $1,358 -$124 -8.4%
Wisconsin $1,026 -$456 -30.8%
Wyoming $1,320 -$162 -10.9%

View Chart as Image

Tesla Roadster insurance rates by U.S. city
Tesla Roadster Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2011 Tesla Roadster $314 $536 $474 $1,482
2010 Tesla Roadster $296 $486 $474 $1,414
2008 Tesla Roadster $282 $426 $460 $1,326

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 Shop for the Best Cheap Tesla Roadster Insurance

Getting lower rates on car insurance not only requires avoiding accidents and claims, but also having good credit, not filing small claims, and dropping full coverage on older vehicles. Set aside time to shop around at every policy renewal by requesting rates from direct insurance companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The points below are a quick review of the data raised in the charts and tables above.

  • Policyholders who may need increased liability limits will pay about $520 annually to go from a low limit to a 250/500 level
  • It is possible to save up to $180 per year just by shopping early and online
  • Increasing physical damage deductibles could save as much as $575 each year
  • Drivers under the age of 20 pay higher prices, as much as $463 a month if they have full coverage

Rates by Driver Age

Tesla Roadster Insurance Rates by Driver Age
Driver Age Premium
16 $5,554
20 $3,404
30 $1,540
40 $1,482
50 $1,352
60 $1,326

Full coverage, $500 deductibles

Rates by Deductible

Tesla Roadster Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,854
$250 $1,682
$500 $1,482
$1,000 $1,288

Full coverage, driver age 40

Rates by Liability Limit

Tesla Roadster Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,482
50/100 $1,577
100/300 $1,695
250/500 $2,003
100 CSL $1,624
300 CSL $1,885
500 CSL $2,075

Full coverage, driver age 40

Rates for High Risk Drivers

Tesla Roadster Insurance Rates for High Risk Drivers
Age Premium
16 $7,924
20 $5,432
30 $3,274
40 $3,206
50 $3,062
60 $3,032

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 $207

Potential Rate Discounts

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

Discount Savings
Multi-policy $79
Multi-vehicle $79
Homeowner $23
5-yr Accident Free $108
5-yr Claim Free $97
Paid in Full/EFT $67
Advance Quote $73
Online Quote $106
Total Discounts $632
Rate after discounts $850

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

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