For a 2021 Tesla Model S, auto insurance costs $306.22 per month, or $3,674.64 per year on average. Your exact rates, on the other hand, will depend on your driving record, car model, and area.
Why is insurance for the Tesla Model S so expensive?
Due to its higher manufacturer’s recommended retail price, the Tesla Model S has a higher insurance rate than other mid-size cars. If you have an accident with one of your expensive cars, you’ll have a lot of repair expenses.
How dependable is Tesla’s Model S?
Tesla’s Model S, an all-electric car, has been available since 2012. Aside from having the longest driving range of any electric vehicle, the large luxury car also has plenty of room for luggage, and it performs like a dream. When the 2013 model year began, Tesla Model S received several accolades, including World Green Car of the Year.
Only the rollover crash test was evaluated by the National Highway Traffic Safety Administration (NHTSA), and it received the highest safety rating possible. The small overlap front test received a satisfactory grade from the Insurance Institute for Highway Safety (IIHS), a level that is about average. All other IIHS crash tests resulted in the greatest possible safety rating, which is an outstanding five out of five.
Autonomous emergency braking, enhanced autopilot, and lane departure warning are all standard features in the Tesla Model S.
For additional car insurance review, check out our review of Porsche Taycan Car Insurance Rates.