When you get a Tesla, it must be insured like any other car. The price can vary a lot from company to company, so it pays to compare. Here we go through the factors that typically affect the price and the coverages to consider. Note that specific prices and terms are set by the insurers — this guide is informational.
What affects the price?
- Model and variant — more powerful and expensive variants typically cost more to fully insure.
- Your profile — age, location, mileage and claims history.
- Excess — a higher excess usually means a lower premium.
- Coverage scope — liability alone is cheaper than full comprehensive with add-ons.
- Insurer — prices vary markedly; always compare.
What coverages exist?
| Coverage | What it covers |
|---|---|
| Liability (mandatory) | Damage you cause to others/their property. |
| Comprehensive | Damage to your own car, theft, etc. |
| Roadside assistance | Help with breakdowns, flat battery on the road, etc. |
| Glass cover | Stone chips and windscreen damage. |
| Add-ons | E.g. all-risk, low excess, courtesy car. |
How to find the right insurance
- Decide what coverage scope you need (typically comprehensive on a new, valuable car).
- Get quotes from several companies with the same coverage and excess so you compare like for like.
- Check terms for excess, battery cover and roadside assistance.
- Assess total cost of ownership together with your other car expenses — see Tesla total cost of ownership.
Tip
Insurance is an ongoing expense that counts towards total cost of ownership. Include it in your budget alongside the price and energy costs before you decide on a variant.