Model S Insurance

Model S Insurance

Progressive-State Farm-Farmers Insurance are the only companies that seem to know of Tesla Motors' existence. I need an Insurer other than those three. It's configure time...Help!

diegoPasadena | 2013年1月25日

Ameriprise Insurance didn't know the car either, but they gave me a quote based on its retail value. You can get them through Costco.

HansJ | 2013年1月25日

I got mine from Geico. They know the Model S and they know of the different models (performance vs standard) and battery types (at least 85 and 60).

Tran2Tran | 2013年1月25日

I am insured with Nationwide Insurance. Great rate

Nova315 | 2013年1月25日

@HansJ, would you mind sharing what Geico quoted you? I'm going to reach out to them as well and would love something to compare with. Thanks!

Sudre_ | 2013年1月25日

My Geico rate was around $93 a month with roadside assistance. The insurance companies all seem to have different rates depending on which state you are in. What I really like about Geico is they understand Tesla's security system and battery options. Others just price the insurance as a performance model.

I am getting a 60kWh car. I think I had the deduct at $1000. That price included my wife's 12 year old Toyota Echo but that thing is dirt cheap to insure.

Brian H | 2013年1月25日

PenFed, Navy Fed. If you're not mil. or related, a small donation to their charities will do.

jchangyy | 2013年1月25日

You can go to and it'll give you an estimate based on your config. I live in northern california and it gave me a quote of ~1250/yr.

Nova315 | 2013年1月25日

OK, just called them myself. Geico quoted me $520 for 6 months, so $1040 for the year for a 2013 85 kWh Model S. My deductible is $250. I pass on the roadside and rental car. I have 2 other cars so it doesn't quite make sense. Hope that helps! Thanks for sharing, that was helpful. (I'm in MD).

Nova315 | 2013年1月25日

Wish I could edit my comment, I'm just curious -- for those who have already insured their cars, did anyone confirm that the insurer will indeed cover the battery fully? When I signed off on my paperwork, it said to check if the battery and similar components would be fully covered... that part was a bit alarming. I hope so! They cover all the parts of my current vehicles.

EVTripPlanner | 2013年1月26日

I have Mercury and the rate is outrageous. With no points on my license and every discount you can get, it is still $2600/year with $1000 deductible in Thousand Oaks (91362). I have the P85 and since they don't have operating/repair cost history they just charge a bunch. Guess I better call Geico!

bfranks273 | 2013年1月26日

Allstate. Maybe not the best rate either.

noel.smyth | 2013年1月26日

just switched from allstate to USAA... saved 2000 annually... Allstate crazy high for Tesla.

HansJ | 2013年1月26日

@Beau - Why do you think that they wouldn't cover the battery? My first reaction is that this sounds like an alarmist rumor. I can see them not covering if you leased the battery, or you tried to make a claim related to normal battery degradation.

Sudre_ | 2013年1月26日

I don't understand the question about the battery either. I have never seen a battery exclusion in an insurance package (all cars have batteries). Besides 99% of the time the insurance company looks at a car and automatically totals it. If you damage the battery on an S you have bent the frame.

Cattledog | 2013年1月26日

I have USAA and we are paying $500 for 6 months. $500 deduc.

Anthony H | 2013年1月26日

I'm currently with Allstate; three vehicles, home, and umbrella policy.

They still are unable to provide a real quote based on the VIN, so they base it on a "general cost of car + zip code + driver profile".

I want a real quote.

Calling Geico, in 15 minutes or less.

MS 60kWh is due here within a week... I think.

(P#992, $5K deposit paid July, 2009, Finalized 8/24/2012, still waiting...)

Joyrider | 2013年1月26日

I posted this in a similar thread a while back but fyi. It is my experience that Geico is not only the most reasonable insurance but they also provides great service.

I have been with Geico for over 30 years now, but shortly after I began I a tree fell on my car in a storm, and several months later the same vehicle was stolen. At one point they had actually paid me back several thousand more than the total I'd paid them. So how much did my premium go up? Nada, nothing, zilch. They explained since none of it was my fault the cost to insure would be the same.

I would recommend them to anyone.

kyleket | 2013年1月26日

@ Cattledog:

Wonderful blog! I especially like the idea of your very own "Get Amped" event at your home! GREAT thinking. I know I'm not alone when I say that I think of myself as an ambassador of TMC, and I haven't even received my Model S yet! (Due Apr/May)

I'm currently working in Houston, and went to the auto show the other day. One of my colleagues accompanied me, and I definitely talked his ear off the whole time. Usually it was in the context of comparing one or more features of any given car to the Model S. I gave him my disclaimer as we walked in - that I was basically "biased against every car in here."

So, I've been trying to think of ways to spread the word. Considering making a large QR code, to hang in my window when I'm parked. When I'm not there to answer questions, that is. I'll certainly have to give my wife the factual rundown for when she's out with my baby.

Thanks for giving me a great template for a blog. Maybe I'll have my own "Get Amped" party. I'm not sure how I feel about all those people driving my car though...

Robert22 | 2013年1月26日

I've had pretty good luck with Travelers. The original quote sheet said "Mercedes Tesla" but after we got that straightened out, the rate stayed within 50 bucks of my S-class Benz and is less than 1k per year with a another car, clean record, and multiline discount.

suegie | 2013年1月26日

I'm with State Farm and I'm paying less than $75/mo on a multi-car discount...can't complain! I live in one of the most expensive insurance counties in Texas...

Cattledog | 2013年1月27日

Kyleket - Thanks, love the qr code in the window idea, hope you don't mind if I steal it. Our two delivery parties have been super fun, I highly recommend. Your call on the multiple drivers. Riding in the car is like biting the hook, driving is setting it.

Not trying to hijack the insurance topic...

Brian H | 2013年1月27日

when riding shotgun on your test-drivers, do you find yourself saying, "Faster! Faster!" very much? ;)

msksus1 | 2013年1月27日

i have State Farm with a apprx 1 speeding ticket/yr and 2 other vehicles, 500/1000 deduct, Im paying $750 a yr. 85Kw non perf. In In IA.

drp | 2013年1月27日


I'm with American Family Insurance and they gave me a quote after looking at the Tesla sight. We have been with them for years but I don't know if they are in all states. Good luck

Robin C | 2013年2月15日

I've had my Model S "insured" through Allstate for 3 weeks now. They seemed to be having trouble with my VIN number and I just found out that their underwriting department won't insure Tesla. I had no trouble switching to GEICO. I could get a Mercedes E series and the Tesla 60 for under $1k/ year and GEICO seemed to understand all the model choices. This price was 1/2 what Allstate quoted me and then failed to deliver.

peahl | 2013年2月15日

I pay with Statefarm in San Diego $356 per half year, 85kWh

EclecticCitizen | 2013年3月1日

Thanks to everyone posting about this, it helped me a lot. I was told by 3 different Geico agents that they absolutely do not insure the Tesla Model S. After re-reading the above posts, I politely pushed the last agent to check again for me, because it seems like many people have successfully insured with Geico already.

Her first compromise was temporary insurance until my next renewal, and then I'd have to switch to someone else who fully insures the MS. When I pressed her to check again, it turns out that all of their guidelines refer to the Roadster (not sure why they won't insure that...). I had told them it was a Model S from the beginning, but even her supervisor had lumped all the models together under "we don't insure Teslas."

In the end she gave me a decent quote: $499.32/6 months for new MS and old 1999 Honda together. Not as good as the above posts, so I'm going to shop around, but at least I have one option now.

will try State Farm again, was with them 10 yrs, but they were ripping me off so I switched last yr when I got 3 competing quotes for about 1/2 of State Farm.

mshash | 2013年9月27日

Got ~$94/month from USAA for Northern VA/DC metro with a clean driving record.

sefischer1 | 2013年9月27日

I was able to get my 60KW version insured with Esurance.

joe.e.summers | 2013年12月3日

I was quoted $119/month for my P85 from USAA in PA.

Bodily Injury Liability $ 100,000/300,000
Property Damage Liability $ 100,000
Comprehensive $ 500
Collision $ 500

Intros | 2014年7月9日

Those with State Farm will have to litigate. I know of one car that went into the body shop before mine and it is being litigated.

My car has been in the shop for nine weeks, State Farm still wants me to pay over fortyfivehundred dollars to complete the repair. They started out wanting me to pay sevethousand dollars of the repair.

I thought I had full coverage, according to the agent you have full coverage but on the claims side of State Farm you do not. Well maybe they wouldn't mess with you if you paid 10k in premiums per year for multiple houses and cars and I mean large multiple houses and luxury cars.

admoriniere | 2014年7月17日

Liberty Mutual insures our S60 in Texas.

Brian H | 2014年7月20日

"Insure with State Farm and get plowed under!"

sbeggs | 2014年7月20日

@Brian H, ha ha!

TeslaNH25 | 2014年7月20日

I just this week got an estimate from our insurance carrier, AMICA. I don't own an MS yet, still pondering/researching. They said it would be approx. $1320/year for a reasonably equipped MS 85 with $500 deductibles. That's in NH.

sbeggs | 2014年7月20日

Same for Amica in San Diego, ours is just under $1,300 per year.

P85D | 2014年7月20日

I just renewed with Geico. $653 for 6 months, $250 deductables.

Drakester347 | 2014年7月20日

apparently i live in the most expensive zipcode on earth. I keep getting quotes of $200 and up per month.

P85D | 2014年7月20日

It also depends on your claim history, tickets and credit rating.

Drakester347 | 2014年7月20日

all that is pretty good. My CLS in the same zip was like $150 and my current car, a Sonata, is like $120
But it's considered a "hurricane area". If i use my work address as a test it's like $130

draconious_z | 2014年7月20日

All these posts on insurance really makes me wish Tesla owned its own insurance company... after all they screw you more then dealerships do.

jordanrichard | 2014年7月20日

In CT, $1100 per yr. USAA

Bobrrr | 2014年7月20日


Kind of like having a $4500 deductible. I need to dump State Farm. Has anyone had a positive claims experience with their insurer?

TeslaNH25 | 2014年7月20日

I have been with AMICA for over 20 years, I've probably had 10 auto claims of various types over the years. I've been very satisfied.

Bobrrr | 2014年7月21日

I had an interesting call with Amica this afternoon. They quoted me about $3200 per year for my Tesla and my 2004 rx330, with $1000 deductibles for both collision and comprehensive. This is about 2.5 times what I pay State Farm now with only $100 deductibles. When I asked for a quote on just the Tesla to see how much it was, I was told that they couldn't insure just the Tesla because that would be "premium evasion."

I told the Amica person that I wasn't trying to evade anything and that "premium evasion" was a strange term.

Still looking for alternatives to State Farm

TeslaNH25 | 2014年7月21日

They told me that there are lots of variables.
For example, they said if I lived in Florida, I could expect to pay between 2x and 3x what I pay in NH.

Also, your driving record, ages of drivers, etc.

The $1320 I was quoted is about twice what I pay to cover my 2013 Lexus RX350. The difference primarily, they said was due to the Tesla cost vs. the Lexus.


Kutu | 2014年7月21日

I left Statefarm for MetLife. My Tesla premium is only $730 per year, my old Statefarm premium for a 2007 GMC Sierra Denali was $1,300 per year!

TeslaNH25 | 2014年7月21日

I have tried many times to get better quotes than AMICA, but I never could. Plus you get a rebate at the end of the year which amounts to about 25%.

I even have friends who are insurance brokers for various companies and they could never beat AMICA.

Drakester347 | 2014年7月22日

Just got an email that Geico has lowered insurance rates in TX so I did another quote and it is considerably cheaper.

I am considering not taking the PIP or getting the minimum... isn't that why I have employer health insurance??

Also im thinking of raising deductibles to 1000 for more monthly savings. Not to say it won't happen, hence insurance. but I think i've only made 2 or 3 claims in 16 years.

karmamule | 2014年7月22日

It's definitely worth shopping around. I'm currently on Safety Insurance and the agent I'm currently with quoted about $1870 per year with mostly minimal coverage, and when I checked with Liberty Mutual they quoted about $1230/yr with the same coverage.

Bumping up coverage from 20/40 to 100/300k for relevant categories plus adding their "better replacement" option bumps it to about $1350/yr so I will probably go with that. (The "better replacement" comes into play if you ever have to calculate your car's cash value when totalled, and with this option they will knock 1 year plus 10,000 miles off your car's age when calculating what it's worth)