Tesla Insurance Australia

How we calculate Comprehensive Car Insurance Finder Scores

Read full methodology

What different scores mean

9+

Excellent

These products offer the best value and outcomes considering various product features and price.

7+

Great

Competitive products within their group.

5+

Standard

But these products still offer reasonable value and have the basics sorted.

0+

Basic

Offering basic cover with limited features or higher pricing.

Whether you're driving to the supermarket to do your weekly groceries or heading off on a weekend-long road trip, you're bound to come across a few Teslas on the way. Teslas have taken the Australian vehicle market by storm, with 28,856 vehicles purchased in 2025 alone.

And if you're thinking about picking up one of these electric vehicles for yourself, you're going to need Tesla insurance. We should you upfront, the price of Tesla insurance Australia is currently higher than that of most petrol cars. So while you won't be continuously forking out on fuel, you will need to invest in keeping your vehicle protected.

Here's everything you need to know about insuring your Tesla.

How much does it cost to insure a Tesla in Australia?

We applied for quotes from 11 popular car insurers including AAMI, Budget Direct and NRMA. All were for comprehensive car insurance policies.

There were many insurers that refused to insure some models of Teslas and others that will insure them but for an exorbitant price.
Keep in mind that prices will differ based on your driving profile – for example, your age, driving history and where you live.

Tesla Model 3 and Y

15 of 15 results

Updated regularly

Model 3 2019	Model 3 2025	Model Y 2022	Model Y 2025
Promoted AAMI Comprehensive Car Insurance	$2,544.10	$2,670.43	$2,565.13	$2,709.99	Get Quote View details Compare product selection Compare	loading
Promoted QBE Comprehensive	$3,086.82	$2,921.92	$3,448.23	$3,032.73	Get Quote View details Compare product selection Compare	loading
Promoted Budget Direct Comprehensive Finder Award	$4,202.57	$4,334.95	$4,242.72	$4,203.60	Get Quote View details Compare product selection Compare	loading
Zurich InsureMyTesla Comprehensive Cover	$2,337.20	$2,670.95	$2,524.69	$2,559.81	Get Quote View details Compare product selection Compare	loading
Kogan Comprehensive	$2,592.87	$2,694.22	$2,269.47	$2,248.11	Get Quote View details Compare product selection Compare	loading
Qantas Comprehensive	$4,383.73	$4,534.78	$4,695.67	$4,535.40	Get Quote View details Compare product selection Compare	loading
Coles Comprehensive Insurance	$4,412.70	$4,551.71	$4,454.37	$4,413.79	Get Quote View details Compare product selection Compare	loading
Allianz Comprehensive Essentials	$2,951.27	$3,184.36	$2,578.22	$2,683.56	Continue View details Compare product selection Compare	loading
Allianz Comprehensive	$4,286.17	$3,573.95	$3,268.12	$3,007.58	Continue View details Compare product selection Compare	loading
NRMA Comprehensive Most Loved	$3,015.29	$2,812.32	$3,014.25	$2,654.54	Continue View details Compare product selection Compare	loading
Bendigo Bank Comprehensive Plus	$3,350.76	$3,612.29	$3,738.19	$4,359.82	Continue View details Compare product selection Compare	loading
GIO Comprehensive	$3,129.25	$2,846.77	$2,928.96	$2,590.33	Continue View details Compare product selection Compare	loading
GIO Platinum Cover	$4,641.81	$4,070.51	$4,354.62	$3,713.80	Continue View details Compare product selection Compare	loading
Bendigo Bank Comprehensive	$2,814.27	$3,076.82	$3,169.44	$3,695.12	Continue View details Compare product selection Compare	loading
Suncorp Comprehensive	$3,260.33	$2,889.14	$2,654.61	$3,076.30	Continue View details Compare product selection Compare	loading

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How we picked these

These quotes are accurate as of September 2026.

• How we got these costs

  • Quotes were obtained in September 2026 and were for a comprehensive insurance policy
  • NSW based address for a 30 year old male driver.
  • Up to 15,000kms and perfect driving history.
  • Excess is $850 if possible depending on insurer.

  • Model 3 Long Range 4dr Sedan
  • Model Y Rear-wheel Drive 5dr Wagon

  This should be used as a guide only as your own quote will differ based on your personal circumstances.

Average cost of car insurance for a Tesla

• Bar graph
• Table

Why is a Tesla so expensive to insure?

There are a few reasons that Teslas cost more to insure than a regular car, such as:

• Sourcing and purchasing parts. Tesla parts are not only more expensive to produce, they can also be costly to replace. Some parts may need to be imported to Australia, which can drive up cost.
• Unique expertise required. Regular mechanics might not be able to repair Teslas, meaning your vehicle will need to go to a specialist if it ever needs repairs.
• Battery demands. Repairing and replacing damaged electric vehicle batteries can be costly and time-consuming.

"For the first 4 years, a few things were covered under warranty – like the knobs on our steering wheel wore down and were replaced for free. But for general repairs, it's pricier. When driving on the freeway a rock flicked up and caused a 4-inch crack in the rooftop glass – the quote was $1400 to replace it. You definitely need to budget a little more for repairs."

Sarah Megginson

Money expert + media spokesperson

What might impact my Tesla insurance costs?

• Your age, gender and driving history. The younger you are, the more expensive insurance tends to cost. Males also typically pay more, as do people with demerit points.
• Your home address. You will pay more if you live in a suburb with a higher crime rate or flood-prone location. It will also make a difference where you park your Tesla at night – outside on the street, a driveway or inside a locked garage.
• The model of your Tesla. More expensive or rare Tesla models tend to cost more to insure.
• Level of cover. You can choose from three levels of cover: comprehensive, third party property and theft, or third party property only. Comprehensive cover is the most expensive because it's the only policy that covers damage to your Tesla as well as other cars.

Compare car insurance for a Tesla

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10 of 73 results

Checked 6 November 2026Share

Finder Score	Roadside assistance	Accidental damage	Agreed or market value	Choice of repairer
Promoted 9.2 Excellent Youi Comprehensive Finder Award	9.2 Excellent			Agreed or Market	No	Summary: A great value policy with exceptional customer service. It also automatically includes roadside assistance with comprehensive policies in its price - a feature that typically costs upwards of $90 per year.	Get Quote View details Compare product selection Compare	loading
Promoted 9 Excellent AAMI Comprehensive Car Insurance	9 Excellent	Optional		Agreed or Market	No	Discount: Save $50 on a comprehensive car insurance policy with a first year online discount. T&Cs apply.	Summary: AAMI's comprehensive policy includes cover for legal standard modifications and accessories and up to $20 million liability cover for damage to other people's property. Optional extras like windscreen and window glass cover is also available. Who it might be good for: Safe drivers can benefit from the AAMI Safe Driver Rewards® program.	Get Quote View details Compare product selection Compare	loading
Promoted 9.5 Excellent Budget Direct Comprehensive Finder Award	9.5 Excellent	Standalone		Agreed or Market	Optional	Discount: Receive 15% off your first year's premium when you purchase cover online. T&Cs apply.	Summary: Budget Direct Comprehensive is highly commended as a feature-packed car insurance. It's cheaper than most, plus you can lower costs by adding age restrictions. Who it might be good for: Anyone who wants a good value policy.	Get Quote View details Compare product selection Compare	loading
8.1 Great QBE Comprehensive	8.1 Great			Agreed or Market	Optional	Discount: Save $75 when you purchase a new comprehensive policy online. T&Cs apply.	Who it might be good for: Those who want a trustworthy insurer and more cover than other brands, such as 3-year new car replacement (e.g. they'll give you money for a new car for up to 3 years if yours is written off).	Get Quote View details Compare product selection Compare	loading
Not scored yet Zurich InsureMyTesla Comprehensive Cover	Not scored yet			Agreed or Market	No	Summary: Insurance built for one car and one car only. You get excess-free windscreen and glass claims with no limit on how many you make, cover for your charging cables and adaptors and much more. Who it might be good for: Model 3 and Model Y drivers who want their repairs done by Tesla-authorised specialists.	Get Quote View details Compare product selection Compare	loading
9.4 Excellent Qantas Comprehensive	9.4 Excellent	Optional		Agreed or Market	Optional	Bonus points offer: Earn up to 35,000 Qantas Points with every car insurance policy. Ends 25 November 2026. Plus save 15% on your 1st year’s premium when you purchase online. T&Cs apply.	Summary: You need car insurance so why not get one that lets you earn Qantas Points? It's good value too (it's underwritten by the same insurer as Budget Direct). Who it might be good for: People who want more bang for their buck with Qantas Points.	Get Quote View details Compare product selection Compare	loading
8.7 Great ROLLiN' Comprehensive	8.7 Great			Agreed	No	Summary: Offers flexible monthly cover with no age-based excess for under-25 drivers. Who it might be good for: Young drivers looking to keep costs down and anyone who’d like to get more flexibility from their car insurance.	Get Quote View details Compare product selection Compare	loading
9.3 Excellent Kogan Comprehensive	9.3 Excellent			Agreed or Market	Yes	Discount: Get up to 10% off your first year's premium when you apply online and $10 monthly Kogan credit (valid on $100+ purchases) for active policyholders. T&Cs apply.	Summary: Kogan comes with all the perks that most comprehensive car insurance policies include, but you’ll also be entitled to some benefits from its online store. This usually comes in the form of a gift voucher or discount if you buy online. Who it might be good for: Kogan shoppers and those after a good range of policy options.	Get Quote View details Compare product selection Compare	loading
9.4 Excellent Coles Comprehensive Insurance	9.4 Excellent	Optional		Agreed or Market	Optional	Discount: Save 15% off your first year’s premium when you take out a new Coles Car Insurance policy online. T&Cs apply.	Summary: Coles Comprehensive Car Insurance includes the benefits you'd expect, plus features like grocery replacement (up to $200 if damaged or stolen. T&C's apply). Who it might be good for: Those who want great quality cover and unique policy benefits.	Get Quote View details Compare product selection Compare	loading
8.5 Great Huddle Comprehensive	8.5 Great	Optional		Agreed or Market	No	Summary: Huddle's comprehensive policy will cover you if your vehicle is damaged or lost as a result of a collision, a natural event, a malicious act, theft or fire. It also includes up to $500 for essential repairs. Who it might be good for: Someone who drives less than 15,000 km a year can opt for Pay As You Drive cover.	Get Quote View details Compare product selection Compare	loading

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How we picked these

FAQs

• What is the cheapest insurance to insure a Tesla?

  Kogan car insurance was the cheapest car insurer to cover Teslas, according to our research. We researched 11 different comprehensive car insurance policies based on a 30-year old male driver.

• What car insurers are the best for Teslas?

  Several car insurers specialise in Tesla insurance, but the "best" depends on your priorities. For example, NRMA is highly rated for Tesla-specific coverage, while Allianz is known for comprehensive EV policies. One tip is to always check if the insurer allows "choice of repairer" to ensure your Tesla is serviced at authorised centres.

• Are Teslas expensive to maintain?

  For the first 4 years, many issues are covered under warranty, unless they're classified as wear and tear. As a general guide: a knob cracking or a button breaking is considered a fault to be repaired or replaced, whereas the carpets wearing away underfoot is likely to be considered wear and tear. Because the parts and finishes can be premium, everyday repairs can be more expensive. For instance, replacing a windscreen in a standard car like a Toyota Camry is going to much cheaper than replacing a windscreen in a Tesla, because the Tesla requires a specific fit, with embedded technology in the windshield and professional calibration post-installation.

• Which insurers cover Tesla?

  We applied for quotes from 11 different car insurers. While it may differ depending on the exact model you have and your personal circumstances, the following covered Teslas.

  • AAMI
  • Allianz
  • Bendigo Bank
  • Budget Direct
  • Coles
  • GIO

  • Kogan
  • NRMA
  • Qantas
  • QBE
  • Suncorp

• Are Tesla Model S and Model X still being sold in Australia?

  The Model S and Model X have been removed from sale, as Tesla wanted to concentrate on the growing demand for its more affordable Model 3 and Model Y cars. Tesla confirmed in early 2023 that they would no longer accept orders for these models in right-hand drive "due to recent changes to the vehicle program". Insurance is more expensive on these models because parts are becoming more difficult to source.

Written by

Peta Taylor

Publisher of Insurance

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Peta Taylor is a publisher at Finder, working across all of insurance. She's been analysing product disclosure statements and publishing articles for over 2 years. Peta is passionate about demystifying complex insurance products to help users make well educated decisions with confidence. Peta is part of Finder's insurance awards team and works alongside editorial and insights experts to bring users the best insurance products every year. See full bio

Co-written by

Gary Ross Hunter

Journalist

Gary Ross Hunter has over 6 years of expertise writing about insurance, including life, health, home, and car insurance. Having reviewed hundreds of product disclosure statements and published over 800 articles, he loves simplifying complex insurance topics for everyday readers. Gary has contributed to major outlets like Yahoo Finance, The Sydney Morning Herald, and news.com.au, and holds a Bachelor of Arts (Honours) in English Literature from the University of Glasgow, along with a Tier 2 General Advice certification, ensuring his work adheres to ASIC’s RG146 standards. See full bio

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Gary Ross has written 520 Finder guides across topics including:

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