Third-party only
Third-party only is the minimum level of cover you need to drive in the UK – it covers damage you do to a third party, their car or their property
(£3,035)*
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When you take out car insurance for your Tesla, you’ll be able to choose from the following three levels of cover:
Third-party only is the minimum level of cover you need to drive in the UK – it covers damage you do to a third party, their car or their property
(£3,035)*
Third-party, fire and theft policies add cover for your own car if it’s stolen or damaged as a result of fire or an explosion
(£2,797)*
Fully comprehensive policies offer everything included above, as well as a range of extra cover for you and your vehicle
(£1,243)*
*Based on policies with one driver holding a full UK driving licence. MoneySuperMarket data collected between April 2021 and April 2022.
The cost of insuring a Tesla will depend on a range of factors, including your age, location and driving history as well as the specific model you have.
Insurers sort cars into different insurance groups numbered from one to 50 – with cars in group one usually being the cheapest to insure.
The most expensive Tesla to insure is the Model-S 85, but the most common by far over the last year is the Model-3.
Tesla Model | Average annual premiums* |
|---|---|
MODEL-S 85 | £1,859 |
MODEL-X | £1,248 |
MODEL-3 | £821 |
MODEL-S | £615 |
MODEL-Y | £479 |
*Based on fully comprehensive policies with one driver holding a full UK driving licence. MoneySuperMarket data collected between April 2021 and April 2022.
Electric car insurance policies come with a range of extra cover features that may either be included as standard – usually with fully comprehensive policies – or available as an add-on you can purchase. Keep an eye out for:
Motor legal protection offers you financial help with legal costs you might face related to a car insurance claim
Personal accident cover pays out a lump sum if you’re seriously or fatally injured in a car accident
Breakdown cover gives you access to roadside assistance – and sometimes a courtesy car – if yours breaks down while you’re on the road
Personal belongings cover protects your possessions left in the car should they become lost, damaged or stolen
Car key cover lets you claim for a new set of car keys if yours become lost, damaged or stolen
Windscreen cover offers help if you have a chip in your windscreen – and often doesn’t affect your no-claims bonus
Additional benefits may come as standard or can be added onto your policy as an extra, depending on which provider you insure your Tesla with. Always check the small print of your policy documents to make sure what you want is covered.
Cover for charging cables: To protect charging cables, wall boxes and adapters
Battery cover: Cover for your car battery, even if you’re leasing it separately from the car
Recovery to the nearest chargepoint: If you run out of charge on the move, you can get roadside assistance to recharge your car and get you back on the move
Over the air software updates: Offering additional featured to enhance your cars overall performance or capabilities. Upgrades can be purchased from the Tesla app
Join over 5,000 EV drivers who insured their Tesla with us. 5,821 people have insured their Tesla with MoneySuperMarket (figures accurate as of May 2022).
Just pop in a few details about yourself, your electric car, and the cover you need
We’ll do the legwork to find the cheapest electric car insurance that offers the cover you need
With Car Monitor, we can remind you when your MOT and tax are due, so you never miss a renewal dates
Tesla cars aren’t the cheapest to insure by any means, so it can help to look for ways of reducing your premiums – consider the following:
Paying your premiums in bulk every year often works out cheaper than spreading the cost over 12 months.
Volunteering a higher excess payment tells insurers you’re unlikely to bother with small claims, lowering your overall risk
If you can avoid making claims for a year or more you’ll start to build a no-claims discount on your car insurance premiums
Keep your car stored in a locked garage or at least on a driveway, and having factory installed alarms and immobilisers reduces the risk of theft
The less you drive the lower the chances of being involved in an accident – so giving a low estimated mileage can get you cheaper cover
It can be tempting to add modifications to your car but this will likely increase your premiums unless they’re safety or security based
Tesla's are often more expensive to insure than other electric cars and this can be put down to their high repair costs. They are made with expensive materials and sophisticated technology meaning if anything goes wrong, it costs a lot to fix it. Remember though that the price of your policy will also depend on the model of Tesla you drive, your location, age and driving history.
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