Carrier vs. Carrier Comparisons
USAA, Nationwide, and Progressive are the best car insurance companies for Teslas.
Take a look below for a full list of the best and cheapest car insurance companies for Tesla owners.
| Company | Rank | Multi-Vehicle Discount | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
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#1 | 10% | A++ | Military Members | USAA |
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#2 | 20% | A+ | Multi-Policy Savings | Nationwide |
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#3 | 12% | A+ | Snapshot Program | Progressive |
 |
#4 | 20% | A | Great Add-ons | Farmers |
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#5 | 20% | B | Personalized Assistance | State Farm |
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#6 | 25% | A | 24/7 Support | Liberty Mutual |
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#7 | 25% | A+ | Drivewise Program | Allstate |
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#8 | 8% | A++ | Specialized Coverage | Travelers |
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#9 | 20% | A | Discount Availability | American Family |
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#10 | 25% | A++ | Low Deductibles | Geico |
Our guide offers a complete breakdown of each insurance company's pros and cons, so you can pick the best Tesla car insurance company for you. You can also enter your ZIP in our free tool to get Tesla car insurance quotes.
What You Should Know
- USAA is the best Tesla company for military and veteran drivers
- Nationwide and Progressive are the next best choices for non-military drivers
- Tesla owners must carry at least minimum insurance on their vehicles
#1 – USAA: Top Pick Overall
Pros
- Military Members: USAA is the best Tesla provider for military and veteran drivers. Learn about who qualifies for USAA in our USAA review.
- Customer Service: USAA ranks well for customer service satisfaction, so Tesla drivers will get some of the best service possible at USAA.
- Country-Wide Availability: Tesla owners can buy USAA car insurance in any state.
Cons
- Coverage Options: USAA doesn't have as many add-on coverages for Teslas.
- Eligibility for Insurance: USAA sells Tesla insurance exclusively to military, veterans, and their families.
#2 – Nationwide: Best for Multi-Policy Savings
Pros
- Multi-Policy Savings: Tesla customers can lower the cost of insurance by bundlingg with a home or renters policy. Visit our Nationwide insurance review to learn more.
- Vanishing Deductibles: Tesla deductibles are reduced over time if drivers stay claims-free.
- SmartRide Program: Tesla owners can join SmartRide for usage-based savings on their insurance.
Cons
- Local Office Availability: Most Tesla customers will have to get help virtually due to limited local agents.
- Availability: Some Tesla customers may not have Nationwide insurance in their state, as Nationwide isn’t sold in a few states.
#3 – Progressive: Best for Snapshot Program
Pros
- Snapshot Program: Tesla customers can join Snapshot for free and earn lower rates with safe driving.
- Coverage Options for Teslas: Get roadside assistance, custom parts coverage, and more for Teslas. Explore more in our Progressive review.
- Loyalty Discount: Tesla customers who stick with Progressive can qualify for loyalty discounts.
Cons
- Snapshot Tesla Rate Changes: Poor driving practices during the program could higher Tesla auto insurance rates.
- Average Service Ratings: Tesla customers will likely receive average customer service in most situations.
#4 – Farmers: Best for Great Add-Ons
Pros
- Great Add-Ons: Teslas can be insured with add-ons like new car replacement insurance or modified car insurance.
- Local Support: Most Tesla customers can get personalized assistance from local Farmers agents.
- Tesla Discount Options: Tesla customers can apply for multiple discounts to lower rates. Find out more in our Farmers review.
Cons
- Slower Claims: Tesla claims may take longer to process, based on negative reviews from customers.
- Financial A.M. Best Rating: Farmers has an A rating, which is okay, but it is not as great as at other Tesla companies like USAA.
#5 – State Farm: Best for Personalized Assistance
Pros
- Personalized Assistance: Tesla customers can reach out to their local agent for personalized assistance. Learn more in our review of State Farm.
- Drive Safe & Save Program: Tesla customers can enroll in this program for free and earn a discount based on safe driving habits.
- Vehicle Safety Discount: Teslas may qualify for a discount if they have certain safety features installed.
Cons
- Digital Experience: Tesla customers may become frustrated with the lack of online management tools available at State Farm.
- Coverage Options for Teslas: State Farm offers fewer add-ons than other companies. For example, State Farm doesn't sell gap insurance.
#6 – Liberty Mutual: Best for 24/7 Support
Pros
- 24/7 Support: Tesla customers can reach out a representative 24/7. Our Liberty Mutual review goes into more detail about customer service.
- RightTrack Program: Tesla customers can join for free and earn a cheaper rate for safe driving.
- Add-On Tesla Coverages: Teslas can be insured with gap coverage, new car replacement, and much more.
Cons
- Higher Tesla Rates: Liberty Mutual is one of the more expensive companies on our list for Tesla owners.
- Customer Service: Based on reviews, Tesla customers will have just average service from representatives.
#7 – Allstate: Best for Drivewise Program
Pros
- Drivewise Program: Tesla customers can join Drivewise to earn a discount for safe driving.
- Add-On Tesla Coverages: Teslas can be insured with extras like umbrella coverage or rental reimbursement coverage.
- Auto Safety Discount: If your Tesla has features like anti-theft devices, you could get an auto safety discount.
Cons
- Higher Tesla Rates: Allstate is one of the more expensive companies for Teslas on our list.
- Customer Service: Tesla customers may be unhappy with services, as Allstate has a higher than average number of complaints. Read more in our Allstate review.
#8 – Travelers: Best for Specialized Coverage
Pros
- Specialized Coverage: Tesla owners can get less-common coverages like new car replacement from Travelers.
- Financial Stability: A.M. Best has rated Travelers highly with an A++, so Tesla vehicles will be backed by a financially strong company. Learn more by visiting our Travelers review.
- IntelliDrive Program: Tesla rates will be lowered if drivers do well in the free program.
Cons
- IntelliDrive Tesla Rate Changes: Poor driving habits will raise Telsa insurance rates in some states.
- Customer Service: Based on reviews, not all Tesla customers will be happy with services.
#9 – American Family: Best for Discount Availability
Pros
- Discount Availability: Tesla drivers have a whole range of discounts they can apply for, such as early bird discounts, generational discounts, and much more.
- Costco Deals: Costco members can purchase Tesla insurance through Costco for a better deal on coverage.
- Personalized Assistance: Tesla owners can contact local agents for more personalized assistance. Find more details in our American Family review.
Cons
- State Availability: Because American Family doesn’t sell insurance in all states, some Tesla owners won’t be able to buy coverage.
- Coverage Options: Tesla owners won’t be able to buy rideshare insurance, new car replacement, or modified car insurance from American Family.
#10 – Geico: Best for Low Deductibles
Pros
- Low Deductibles: Tesla owners can opt for deductibles as low as $0 on their coverages.
- Online Management: Tesla insurance policies and claims can be managed from the free Geico mobile app.
- Discount Options: Tesla customers can apply for affiliation, defensive driver, or bundling discounts with Geico renters insurance or home insurance, and more.
Cons
- Coverage Options: Tesla owners can’t buy extras like rideshare insurance, gap coverage, or modified car insurance from Geico.
- Local Agent Availability: Tesla drivers won’t have access to local agents, as assistance is virtual at Geico.
Average Tesla Car Insurance Rates
Tesla customers who don't have a lease or loan on their vehicle have the choice to carry minimum or full coverage on their Tesla. What coverage drivers choose is one of the many factors that affect their Tesla car insurance rates:
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| Allstate | $125 | $250 |
| American Family | $110 | $230 |
| Farmers | $120 | $240 |
| Geico | $100 | $220 |
| Liberty Mutual | $130 | $260 |
| Nationwide | $110 | $230 |
| Progressive | $105 | $225 |
| State Farm | $115 | $235 |
| Travelers | $115 | $245 |
| USAA | $100 | $220 |
The majority of Tesla customers will benefit from carrying full coverage, as Tesla out-of-pocket repairs will be expensive.
Full coverage includes comprehensive and collision insurance, both of which work to protect Tesla customers from financial losses after an accident (Read More: Collision vs. Comprehensive Coverage).
How to Save Money on Tesla Car Insurance
Teslas are expensive vehicles, which drives up the cost of car insurance at the best Tesla companies. While the car make and model affects your car insurance rates it's just one of the many factors. More expensive vehicles will always be pricier to insure
One of the ways that drivers can work to lower their Tesla rates is applying for car insurance discounts.
Popular car insurance discounts, such as a multi-vehicle discount, can lower Tesla rates significantly.
When shopping for Tesla auto insurance, make sure you also consider a company's reputation and customer service in addition to price.
Finding the Best Tesla Car Insurance Company for You
The best auto insurance companies for Teslas include popular companies like USAA and Nationwide.
When you're ready to buy car insurance, make sure to get personalized Tesla car insurance quotes from the top companies. Compare rates now with our free quote comparison tool below.
Frequently Asked Questions
Who offers the best insurance for Teslas?
USAA has the best car insurance for Tesla owners.
Does car insurance cover Tesla?
Yes, car insurance covers Teslas.
Does car insurance cost more for a Tesla?
Yes, car insurance does cost more for a Tesla, as companies are taking on more risk by insuring an expensive car. To save on Tesla insurance, check out our guide on the top ways customers have saved money on car insurance rates.
Does a Tesla safety score affect insurance?
Yes, safety scores on vehicles do impact car insurance rates. Vehicles with poor safety features will cost more to insure.
Are Teslas expensive to fix?
Yes, Teslas are expensive to fix, as parts cost more.
What is the most common repair on a Tesla?
Battery repairs are some of the most common repairs on Teslas, which aren't usually covered by insurance (Read More: Does car insurance cover repairs?).
Does Tesla have its own insurance?
Yes, Tesla offers Tesla Insurance in some states.
Can you get Tesla Insurance without a Tesla?
Yes, Tesla Insurance allows customers to buy coverage if they have a new car on order.
Does Tesla Insurance cover hail damage?
Tesla Insurance will cover hail damage if customers have comprehensive coverage on their Tesla (Learn More: Hail damage: What does car insurance and home insurance cover?).
Which Tesla model has the least problems?
Consumer Reports found that the Tesla Model Y and Model 3 are the more reliable models of Teslas.