- Best car insurance for a Tesla
- Best insurance for a Tesla Model 3 in 2026
- Best insurance for a Tesla Model Y in 2026
- Best insurance for a Tesla Model S in 2026
- Best insurance for a Tesla Model X in 2026
- Best insurance for a Tesla Cybertruck in 2026
- Average Tesla insurance cost by model in 2026
- FAQ: Best insurance for a Tesla
Best car insurance for a Tesla
Travelers is the best car insurance company for a Tesla, taking the No. 1 spot in our ranking for all Tesla Models, including the Cybertruck. Auto-Owners, American Family and Nationwide all appear in the top three for multiple models as well.
| Model | Average annual premium | Best company and average rate | Cheapest company and average rate |
|---|---|---|---|
| Tesla Model 3 | $3,871 | Travelers, $2,563 | Travelers, $2,563 |
| Tesla Model Y | $3,836 | Travelers, $2,796 | American Family, $2,272 |
| Tesla Model S | $5,285 | Travelers, $3,498 | American Family, $3,140 |
| Tesla Model X | $5,462 | Travelers, $3,606 | American Family, $2,712 |
| Tesla Cybertruck | $4,415 | Travelers, $3,097 | American Family, $2,378 |
Best insurance for a Tesla Model 3 in 2026
Travelers, Auto-Owners and Nationwide are the top three best insurance companies for the Tesla Model 3, all with below-average rates and excellent customer service scores.
- The Model 3 is currently Tesla’s least expensive vehicle, and it’s the second-cheapest to insure.
- Tesla Model 3 insurance costs an average of $323 per month and has average annual premiums of $3,871.
Here’s our breakdown of the top five car insurance companies for a Tesla Model 3:
- Travelers, with a score of 4.67 out of 5, is the top carrier for Tesla Model 3. It has the lowest rates of all carriers rated for a Model 3 at $2,563 a year, the best possible AM Best rating of A++, and a low NAIC complaint ratio at 0.625. Travelers earned a survey score of 4.37 out of 5, a rating that combines key customer satisfaction metrics from our annual customer survey.
- Auto-Owners, a super-regional carrier, earned 4.53 out of 5 stars overall and has the lowest NAIC complaint ratio of all carriers rated. It operates in 26 states, making it an option for about half of U.S. customers. Rates are below average for the Model 3.
- Nationwide, with a score of 4.46 out of 5, has rates well below the average and has a low consumer complaint ratio from the NAIC, with a score of 0.636. While it has the lowest AM Best credit rating among the insurance companies in our rating, its A rating is still considered ‘Excellent.’
- American Family, a super-regional carrier, earned 4.42 stars out of 5 and the second-lowest rates of all rated carriers. Its NAIC complaint ratio is similar to Travelers and Nationwide at 0.669, but it has a slightly lower survey score.
- State Farm, with a score of 4.40, takes the No. 5 spot. It boasts a low consumer complaint ratio, low annual premiums, above-average scores in our consumer survey and an A+ AM Best rating for financial strength.
| Company | AM Best | NAIC complaint ratio | Average annual rate | Survey score | Insurance.com score |
|---|---|---|---|---|---|
| Travelers | A++ | 0.625 | $2,563 | 4.37 | 4.67 |
| Auto-Owners | A+ | 0.443 | $3,043 | 4.3 | 4.53 |
| Nationwide | A | 0.636 | $2,815 | 4.41 | 4.46 |
| American Family | A | 0.669 | $2,667 | 4.27 | 4.42 |
| State Farm | A+ | 0.869 | $2,966 | 4.38 | 4.4 |
| GEICO | A++ | 0.603 | $3,706 | 4.27 | 4.39 |
| Amica | A+ | 0.588 | $3,737 | 4.19 | 4.27 |
| Auto Club Group (AAA Midwest/South) | A | 0.684 | $3,932 | 4.39 | 4.19 |
| Progressive | A+ | 0.604 | $3,979 | 4.15 | 4.19 |
| Erie | A | 0.772 | $4,458 | 4.5 | 4.07 |
| Mercury | A | 1.072 | $4,340 | 4.46 | 3.97 |
| Allstate | A+ | 1.2 | $4,425 | 4.35 | 3.93 |
| CSAA Insurance Group (AAA NorCal/NV/UT) | A | 1.021 | $5,122 | 4.37 | 3.77 |
| Auto Club Enterprises (AAA SoCal) | A+ | 1.293 | $6,124 | 4.48 | 3.56 |
| Farmers | A | 1.239 | $5,822 | 4.3 | 3.5 |
| USAA* | A++ | 1.164 | $2,097 | 4.55 | 4.53 |
*USAA is not ranked due to eligibility requirements; it serves only military members, veterans and their families.
Best insurance for a Tesla Model Y in 2026
The best car insurance companies for the Tesla Model Y are Travelers, Auto-Owners and American Family, with American Family offering the lowest average rates.
- The Model Y is Tesla’s bestselling vehicle, and is the cheapest to insure of all Tesla Models.
- Tesla Model Y insurance cost is an average of $3,836 a year or $320 per month, a few dollars less a month than the Model 3.
Here’s our breakdown of the top five car insurance companies for a Tesla Model Y:
- Travelers tops our list for the Tesla Model Y with a score of 4.58. It doesn't have the lowest rate for the Model Y, but its strong scores in other categories keep it at the top.
- Auto-Owners again lands in second place for the Model Y with a score of 4.46 out of 5. Rates are a little higher than Travelers, but again the super-regional carrier's low complaint volume helps it rise to the top.
- American Family has the lowest rates of all carriers we ranked at $2,272 a year for the Model Y, helping it to earn 4.45 stars for a No. 3 finish.
- GEICO earned 4.38 stars out of 5. Rates are still below average and cheaper than first-place finisher Travelers, although still not the cheapest.
- Nationwide’s low rates put it in fifth place, with a score of 4.36 out of 5. It has the best survey score among the top three carriers, which balances a slightly lower AM Best score.
| Company | AM Best | NAIC complaint ratio | Average annual rate | Survey score | Insurance.com score |
|---|---|---|---|---|---|
| Travelers | A++ | 0.625 | $2,796 | 4.37 | 4.58 |
| Auto-Owners | A+ | 0.443 | $3,251 | 4.30 | 4.46 |
| American Family | A | 0.669 | $2,272 | 4.27 | 4.45 |
| GEICO | A++ | 0.603 | $3,687 | 4.27 | 4.38 |
| Nationwide | A | 0.636 | $3,104 | 4.41 | 4.36 |
| Amica | A+ | 0.588 | $3,304 | 4.19 | 4.34 |
| State Farm | A+ | 0.869 | $3,137 | 4.38 | 4.33 |
| Auto Club Group (AAA Midwest/South) | A | 0.684 | $3,854 | 4.39 | 4.20 |
| Progressive | A+ | 0.604 | $4,260 | 4.15 | 4.14 |
| Erie | A | 0.772 | $4,548 | 4.50 | 4.08 |
| Allstate | A+ | 1.200 | $4,160 | 4.35 | 4.00 |
| Mercury | A | 1.072 | $4,329 | 4.46 | 3.98 |
| CSAA Insurance Group (AAA NorCal/NV/UT) | A | 1.021 | $5,840 | 4.37 | 3.68 |
| Farmers | A | 1.239 | $5,367 | 4.30 | 3.66 |
| Auto Club Enterprises (AAA SoCal) | A+ | 1.293 | $6,556 | 4.48 | 3.56 |
| USAA* | A++ | 1.164 | $2,256 | 4.55 | 4.53 |
*USAA is not ranked due to eligibility requirements; it serves only military members, veterans and their families.
Best insurance for a Tesla Model S in 2026
Travelers, Auto-Owners and Nationwide are the three best insurance companies for the Model S.
- Tesla Model S insurance costs an average of $5,285 a year or $440 a month.
- Rates vary greatly between carriers, with the lowest, American Family, at $3,140 and the highest, Auto Club Enterprises, at $9,253.
Here’s our breakdown of the top five car insurance companies for a Tesla Model S:
- Travelers lands at the top again for the Model S, with lower-than-average rates at $3,498 a year and its top AM Best rating earning it 4.63 stars.
- Auto-Owners rates are well below average, and the super-regional carrier earned 4.52 stars out of 5 in our ranking; it has the lowest NAIC complaint volume of any carrier ranked.
- Nationwide is our No. 3 insurance company for the Model S with low rates and the best survey score of the top three.
- American Family comes in at No. 4 with 4.45 out of 5 in the ranking and the lowest average rates for the Model S of all carriers we ranked.
- State Farm rounds out the top five with solid scores across all categories and below-average rates of $4,009 a year.
| Company | AM Best | NAIC complaint ratio | Average annual rate | Survey score | Insurance.com score |
|---|---|---|---|---|---|
| Travelers | A++ | 0.625 | $3,498 | 4.37 | 4.63 |
| Auto-Owners | A+ | 0.443 | $4,037 | 4.30 | 4.52 |
| Nationwide | A | 0.636 | $3,500 | 4.41 | 4.47 |
| American Family | A | 0.669 | $3,140 | 4.27 | 4.45 |
| Auto Club Group (AAA Midwest/South) | A | 0.684 | $3,985 | 4.39 | 4.38 |
| State Farm | A+ | 0.869 | $4,009 | 4.38 | 4.38 |
| Erie | A | 0.772 | $4,617 | 4.50 | 4.31 |
| Amica | A+ | 0.588 | $5,162 | 4.19 | 4.27 |
| GEICO | A++ | 0.603 | $6,257 | 4.27 | 4.24 |
| Progressive | A+ | 0.604 | $5,571 | 4.15 | 4.19 |
| Mercury | A | 1.072 | $5,785 | 4.46 | 4.02 |
| Allstate | A+ | 1.200 | $6,539 | 4.35 | 3.91 |
| CSAA Insurance Group (AAA NorCal/NV/UT) | A | 1.021 | $7,648 | 4.37 | 3.76 |
| Farmers | A | 1.239 | $7,497 | 4.30 | 3.66 |
| Auto Club Enterprises (AAA SoCal) | A+ | 1.293 | $9,253 | 4.48 | 3.56 |
| USAA* | A++ | 1.164 | $2,978 | 4.55 | 4.53 |
*USAA is not ranked due to eligibility requirements; it serves only military members, veterans and their families.
Best insurance for a Tesla Model X in 2026
The best insurance companies for the Model X are Travelers, American Family and Auto-Owners.
- On average, the Model X is the most expensive of all Tesla models to insure at $5,462 a year.
- The cheapest rate among the companies ranked is American Family at $2,712, with rates over $10,000 a year at Auto Club Enterprises.
Here’s our breakdown of the top five car insurance companies for a Tesla Model X:
- Travelers takes our No. 1 spot for the best insurance company for the Model X, with a total score of 4.58. It has the best possible AM Best score, rates well below the average and a low complaint volume.
- American Family earned 4.45 out of 5 to land in second place. It has the lowest average rate for the Model X at $2,712 a year along with a low complaint ratio.
- Auto-Owners' rates are higher than the other top carriers, but it has the lowest complaint volume of all carriers and earned a survey score of 4.30, all adding up to an overall score of 4.45 out of 5.
- Auto Club Group, the Midwestern branch of AAA insurance, earned 4.37 out of 5 thanks to low average rates and a high survey score of 4.39.
- State Farm offers rates well below average, a low complaint ratio and a high survey score, adding up to 4.36 out of 5, just below Auto Club Group.
| Company | AM Best | NAIC complaint ratio | Average annual rate | Survey score | Insurance.com score |
|---|---|---|---|---|---|
| Travelers | A++ | 0.625 | $3,606 | 4.37 | 4.58 |
| American Family | A | 0.669 | $2,712 | 4.27 | 4.45 |
| Auto-Owners | A+ | 0.443 | $4,521 | 4.30 | 4.45 |
| Auto Club Group (AAA Midwest/South) | A | 0.684 | $3,866 | 4.39 | 4.37 |
| State Farm | A+ | 0.869 | $4,020 | 4.38 | 4.36 |
| GEICO | A++ | 0.603 | $5,556 | 4.27 | 4.35 |
| Erie | A | 0.772 | $4,684 | 4.50 | 4.30 |
| Nationwide | A | 0.636 | $4,837 | 4.41 | 4.30 |
| Amica | A+ | 0.588 | $5,062 | 4.19 | 4.29 |
| Progressive | A+ | 0.604 | $5,229 | 4.15 | 4.25 |
| Mercury | A | 1.072 | $5,810 | 4.46 | 4.05 |
| Allstate | A+ | 1.200 | $6,545 | 4.35 | 3.96 |
| Farmers | A | 1.239 | $7,187 | 4.30 | 3.78 |
| CSAA Insurance Group (AAA NorCal/NV/UT) | A | 1.021 | $9,922 | 4.37 | 3.61 |
| Auto Club Enterprises (AAA SoCal) | A+ | 1.293 | $10,535 | 4.48 | 3.56 |
| USAA* | A++ | 1.164 | $4,908 | 4.55 | 4.3 |
*USAA is not ranked due to eligibility requirements; it serves only military members, veterans and their families.
Best insurance for a Tesla Cybertruck in 2026
Travelers, American Family and Auto-Owners are the top three carriers for insuring a Tesla Cybertruck.
- The Cybertruck's average insurance rates are mid-range for a Tesla, higher than both the Model 3 and Model Y, but lower than either the Model S or Model X.
- The average annual cost to insure a Cybertruck is $4,415, but American Family has the lowest average rate at $2,378, more than $2,000 cheaper.
Here's a look at the top five companies for insuring a Tesla Cybertruck:
- Travelers is the top carrier for the Cybertruck with a score of 4.57 out of 5 stars. Its stellar AM Best rating, low complaint volume and low rates all combine to make it our top pick.
- American Family has the lowest average rate for a Cybertruck, nearly half of the average rate nationwide. It scored 4.45 out of 5 overall.
- Auto-Owners rates are not as low as the top two, but still below average. With the lowest complaint ratio of all ranked carriers, the super-regional company earned 4.41 out of 5.
- Progressive earned 4.39 out of 5 thanks to low rates; it didn't score quite as well in our survey, but has a low complaint ratio with the NAIC.
- Auto Club Group earned 4.33 out of 5; the Midwest branch of AAA insurance has the best survey score of the top five carriers and below-average rates.
| Company | AM Best | NAIC complaint ratio | Average annual rate | Survey score | Insurance.com score |
|---|---|---|---|---|---|
| Travelers | A++ | 0.625 | $3,097 | 4.37 | 4.57 |
| American Family | A | 0.669 | $2,378 | 4.27 | 4.45 |
| Auto-Owners | A+ | 0.443 | $3,875 | 4.30 | 4.41 |
| Progressive | A+ | 0.604 | $3,208 | 4.15 | 4.39 |
| Auto Club Group (AAA Midwest/South) | A | 0.684 | $3,467 | 4.39 | 4.33 |
| Nationwide | A | 0.636 | $3,642 | 4.41 | 4.33 |
| State Farm | A+ | 0.869 | $3,673 | 4.38 | 4.30 |
| Amica | A+ | 0.588 | $4,110 | 4.19 | 4.28 |
| GEICO | A++ | 0.603 | $4,972 | 4.27 | 4.25 |
| Erie | A | 0.772 | $4,643 | 4.50 | 4.16 |
| Mercury | A | 1.072 | $4,165 | 4.46 | 4.10 |
| Allstate | A+ | 1.200 | $5,389 | 4.35 | 3.90 |
| Auto Club Enterprises (AAA SoCal) | A+ | 1.293 | $6,772 | 4.48 | 3.71 |
| Farmers | A | 1.239 | $5,996 | 4.30 | 3.69 |
| CSAA Insurance Group (AAA NorCal/NV/UT) | A | 1.021 | $7,721 | 4.37 | 3.55 |
| USAA* | A++ | 1.164 | $3,207 | 4.55 | 4.4 |
*USAA is not ranked due to eligibility requirements; it serves only military members, veterans and their families.
Average Tesla insurance cost by model in 2026
Teslas are typically more expensive to insure than the average vehicle. The average cost of full coverage car insurance nationwide is $2,513, while the average cost of insurance for a Tesla is $4,149.
That breaks down by model as follows:
- Tesla Model 3. With an average insurance rate of $3,871, the Model 3 is an affordable model, and lacks some of the luxury features and amenities of the S and X; keeping insurance costs lower.
- Tesla Model Y. With an average annual rate of $3,836, The Model Y has the lowest insurance rate of all Tesla Models.
- Tesla Model S. The average premium of $440 per month or $5,285 annually for the Model S is significantly higher than the Model 3 and the Model Y.
- Tesla Model X. The Model X is both the most expensive to purchase and the most expensive, on average, to insure. It costs $455 per month or $5,462 annually.
- Tesla Cybertruck. The Tesla Cybertruck falls between the two more affordable Tesla Models and the high-end models, with average insurance rates of $4,415 a year or $368 a month.
Expert Insight“Teslas aren’t just cars, they’re rolling computers on wheels. The main reason for higher insurance costs for Tesla is the difficulty in repair and the use of proprietary systems,” says Jordan Blake, director of communications & operations at Shoreline Public Adjusters.
Both the Model S and X are pitched towards the luxury car market, with higher-end finishes and features, which makes them more expensive to repair or replace if something happens, and that is reflected in the insurance cost.
Methodology
We partnered with Quadrant Information Services to field rates for the Tesla Model 3, Y, S, X and Cybertruck across all 50 states and Washington, D.C.
Unless otherwise indicated, averages are based on our full coverage data set. This data set is based on:
- Bodily injury liability of $100,000 per person and $300,000 per incident
- Property damage liability of $100,000 per incident
- Comprehensive and collision deductibles of $500
- 40-year-old driver
- Good credit
- A clean driving record
- 12-mile commute, 10,000 annual mileage
The Insurance.com score is based on our annual survey of insurance customers as well as third-party ratings from the NAIC and AM Best.
Learn more about our data and methodology.
FAQ: Best insurance for a Tesla
Why is Tesla insurance expensive?
A Tesla is more expensive to insure compared to other vehicles because it uses a lot of proprietary parts and technology. This means that replacement parts are more expensive to source in the event of an accident. For example, the battery alone can cost up to a third of the cost of the entire car, and in some models, it’s integrated into the structure of the car itself.
According to Fran Majidi, Client Relations Manager and Insurance Expert with Modotech, a firm that provides support services to insurance companies. “When a Tesla owner shops for a policy, they're not just insuring a car—they're insuring a complex, interconnected system.”
Is Tesla Insurance worth it?
Tesla Insurance, the maker’s coverage program, may be worth it depending on your driving habits. Tesla’s insurance premiums are partially based on your driving behavior. It uses the technology already built into your car to track your driving. Drivers who don’t rack up many miles or those it considers to be safe will have lower premiums than those who drive more frequently or it considers to be reckless.
What is the cheapest Tesla to insure?
The cheapest Tesla to insure is its Model Y at $3,836 annually. The Model 3 is the next cheapest, costing only $35 a year more at $3,871 on average.
What company has the cheapest Tesla insurance in 2026?
Travelers has the cheapest insurance for a Tesla Model 3 at $2,563 a year, while American Family has the cheapest rates for all other models: Model Y ($2,272), Model S ($3,140), Model X ($2,712) and Cybertruck ($2,378)
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