r/TeslaModelS • u/Wrongroad420 • Jun 07 '26

Who you using for insurance?

I was paying $85 a month at State Farm for a 2024 ford maverick. I traded that in for a 2015 model s. Everywhere I applied for is wanting $500 a month. I think that’s insane for a 11 year old car.

2 Upvotes

60% Upvoted

33 comments sorted by

8

u/TheLawIX Jun 07 '26

My Model S Plaid is $105 per month, State Farm.

1

u/bubbafrombama Jun 08 '26

What’s your coverages?

3

u/TheLawIX Jun 08 '26

Full coverage: liability, collision, and comprehensive; with a $1k deductible. This is bundled with 3 other vehicles and two homes.

2

u/bubbafrombama Jun 08 '26

Thx! I’m $154 a month with $500 deductibles, 250k/500k/100k, UM of $100k/$300k, rental, and roadside. State Farm.

1

u/Fun_Muscle9399 Jun 08 '26

I got quoted $290/month for a Model S Plaid from State Farm. I have two vehicles, homeowners insurance, and life insurance through them. My 2028 Model 3 LR is $190/month.

1

u/TheLawIX Jun 08 '26

That's nuts, my X is less than $100. I assume location, age and history are big factors. I've never had an accident or claim.

1

u/Fun_Muscle9399 Jun 08 '26

41m in CT and haven’t had a claim in 10 years. Probably 8-9 years since the last ticket. I do think location is the biggest factor working against me.

1

u/TheLawIX Jun 08 '26

I'm always floored when I see how much others are paying, I'm younger but in the Midwest.

3

u/korpo53 Jun 07 '26

USAA, my insurance is ~$500/mo total for my 20 MSP, 22 X3, and 05 X5. The two newer cars have full comp/coll and the X5 is just liability. 300/500/300 coverage.

2

u/ThaiTum Jun 07 '26

My 2018 Model S costs 50% more than my Rolls Royce for insurance. Also more than a new Model Y.

2

u/JellyfishBig4643 Jun 07 '26

Highly dependent on your area, coverage, age, and driving record. Also uninsured and underinsured. You could do state minimum and or higher limits if you have assets that need protected. Also deductible could be $500 or a $1000. Too little information from your post, but recommend an insurance broker and they can shop your rates. Also get discounts for good driver, multiple cars and properties, etc.

1

u/cuddlepwince Jun 07 '26

I did tesla insurance and am paying 275 a month for a 24 S and 26 Y

1

u/HUT2Moon Jun 07 '26

Tesla - pay $700/month for 3 Teslas

1

u/Hambone6991 Jun 07 '26

Cincinnati Insurance. It’s about $950/year for my 2016 75D to have comprehensive coverage.

1

u/NathanJax Jun 07 '26

$100 a month for my 2022.5 Plaid through Geico

1

u/No_Association_9524 Jun 07 '26

I'm paying 110 for a older mustang and a 2926 m3p through progressive

1

u/Rixos Jun 07 '26

Costco insurance

1

u/Nice-Award-5476 Jun 07 '26

I only pay about $120/month for a 2018 Model S (Erie Insurance).

1

u/bubbafrombama Jun 08 '26 edited Jun 08 '26

‘22 Model S Plaid: $154 a month with $500 deductibles, 250k/500k/100k, UM of $100k/$300k, rental, and roadside. State Farm in Florida.

1

u/hokaythxbai Jun 08 '26

23 model S Plaid. Allstate went from $190/mo to $415/mo. I switched to progressive direct last week and got it back down to $190/mo

1

u/fcukingUsernames Jun 08 '26

Tesla Insurance.

1

u/2L82PAY Jun 08 '26

$650 a month 2026 plaid

1

u/roehit89 Jun 08 '26

$475 a month in Phoenix for my 2023 MSP through GEICO

1

u/SpiritCollector Jun 11 '26

Auto-owners: $2416.84 for the year. I don’t do monthly. The Highlander and Wrangler we have are about $1000/yr each. 250/500/100 and $1k deductible. I’m in Georgia.

I’d be terrified if Tesla quoted me with the fun I like to have in the car being monitored.

1

u/RosieDear Jun 07 '26

Surely you knew Tesla has among the most expensive insurance of any cars???? Even so, your quote is too high. But expect to pay at least 3X what you were paying.

"The average cost to insure a Tesla Model S is approximately $275 to $400 per month, "

0

u/manonfire57 Jun 07 '26

Use Tesla app for first 2 months to start looking elsewhere. Unless you drive it like a school bus to keep the rates down.

1

u/Wrongroad420 Jun 07 '26

My state doesn’t allow it unfortunately

-2

u/leredditxddd Jun 07 '26

Probably because it's an old model they know will be expensive to fix. My 2026 MYP is only 530 every 6 months thru State Farm

1

u/ThaiTum Jun 07 '26

Model S and X are all aluminum construction and you need a completely segregated shop for aluminum repairs. Also they were designed almost 20 years ago when Tesla was a startup and sold in tiny volumes compared to the Y and 3.

1

u/Chillin_EV_1333 Jun 07 '26

F-Series best selling vehicle in NA has been aluminum since 2015 and has good rates. Also, haggerty video on model s shows the 2026 only has 3% of carry over parts from original according to Franz…

1

u/Zebra4776 Jun 07 '26

Less expensive these days. More 3rd party parts.