Tesla insurance costs – is it more expensive to insure your Tesla?

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

We applied for quotes from 12 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.

Provider	Model 3	Model Y	Model S	Model X
	2025: $3,879.45 2019: $3,578.49	2025: $3,106.24 2022: $3,141.71	2020: $3,990.05 2019: $3,046.18	2020: $5,266.60 2019: $5,062.39
	2025: $2,236.73 2019: $2,551.67	2025: $2,122.63 2022: $2,836.87	2020: $3,439.44 2019: $3,042.67	2020: $3,505.29 2019: $3,582.94
	2025: $2,861.31 2019: $3,263.89	2025: $2,715.43 2022: $3,628.50	2020: $4,398.77 2019: $3,891.56	2020: $4,482.91 2019: $4,582.19
	2025: $3,378.74 2019: $3,841.73	2025: $3,210.99 2022: $4,261.02	2020: $5,146.83 2019: $4,563.55	2020: $5,243.60 2019: $5,357.77
	2025: $4,267.39 2019: $3,970.18	2025: $3,416.86 2022: $3,437.51	2020: $4,389.06 2019: $3,344.86	2020: $5,784.02 2019: $5,784.02
	2025: $2,880.95 2019: $2,954.64	2025: $2,666.63 2022: $2,943.89	Unable to get quote	2020: $5,287.63 2019: $5,656.05
	2025: $2,756.24 2019: $2,862.52	2025: $2,856.52 2022: $2,813.58	2020: $4,492.88 2019: $3,746.25	2020: $6,005.85 2019: $6,166.53
	2025: $2,260.16 2019: $2,503.92	2025: $2,733.87 2022: $2,780.80	2020: $3,763.61 2019: $3,139.26	2020: $3,753.06 2019: $3,258.04
	2025: $4,352.74 2019: $4,049.52	2025: $3,484.60 2022: $3,506.46	2020: $4,481.60 2019: $3,414.33	2020: $5,903.25 2019: $5,674.16
	2025: $5,184.84 2019: $5,082.04	2025: $3,925.54 2022: $4,504.64	Unable to get quote
	2025: $3,477.64 2019: $3,315.62	2025: $3,226.92 2022: $3,577.40	Unable to get quote	2020: $5,926.16 2019: 6,366.22
	2025: $3,223.68 2019: $3,311.47	2025: $3,006.15 2022: $3,320.96	Unable to get quote	2020: $5,904.80 2019: $6,311.79

These quotes are accurate as of June 2025.

• How we got these costs

  • Quotes were obtained in June 2025 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 Unkn 4wd
  • Model Y Rear-wheel Drive 5dr Wagon Unkn 4wd
  • Model S Long Range 4dr Hatchback Unkn 4wd
  • Model x Long Range 5dr Wagon Unkn 4wd

  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. These include:

• The parts are more expensive to produce and replace
• Some parts need be imported to Australia
• Regular mechanics might not be able to repair Teslas – they will need to go to a specialist
• Repairing and replacing damaged electric vehicle batteries is costly and time-consuming
• Some models like Model S and Model X have been discontinued in Australia

"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

Personal finance 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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Product	Finder Score	Roadside assistance	Accidental damage	Agreed or market value
Promoted Finder Score 8.5 Great Youi Comprehensive	Finder Score 8.5 Great			Agreed or Market	Summary: A great value policy with exceptional customer service. Youi won the 2024 Finder Award for Customer Satisfaction. It scored highly for features and benefits, customer service and reliability. It also automatically includes roadside assistance in its price - a feature that typically costs upwards of $90 per year.	Get Quote More info Compare product selection Compare	loading
Promoted Finder Score 9.1 Excellent Budget Direct Comprehensive	Finder Score 9.1 Excellent	Optional		Agreed or Market	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. ⭐ Current offer: 15% off your first year's premium when you take out a policy online. T&Cs apply. Who it might be good for: Anyone who wants a good value policy.	Get Quote More info Compare product selection Compare	loading
Promoted Finder Score 9 Excellent ROLLiN' Comprehensive	Finder Score 9 Excellent			Agreed	Summary: One of the most cost-effective insurers for under 25s, according to Finder research, with no aged-based excess. ⭐ Current offer: Get 10% off the base premium for the first 2 consecutive monthly policies and up to a 15% potential monthly discount from your 3rd month for being a safer driver. Minimum premiums may apply. T&Cs apply. Learn More. 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 More info Compare product selection Compare	loading
Finder Score 9.1 Excellent Coles Comprehensive Insurance Finder Award	Finder Score 9.1 Excellent	Optional		Agreed or Market	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). ⭐ Current offer: Get up to $50 off a Coles shop every month for 12 months with free Coles Plus Saver when you take out a new Comprehensive Car Insurance Policy & link your Flybuys. Offer ends 31.08.25. Who it might be good for: Those who want great quality cover and more rewards with Flybuys.	Get Quote More info Compare product selection Compare	loading
Finder Score 8 Great Real Comprehensive	Finder Score 8 Great	Optional		Agreed	Summary: Real Comprehensive Car Insurance provides similar coverage to other insurers for the important stuff like looking after your car if it's stolen or you crash. It's also one of the few insurers who offer a Pay As You Drive policy, so you might be able to save big if you don't drive much. Who it might be good for: Those that don't drive much can take advantage of its Pay As You Drive policy.	Get Quote More info Compare product selection Compare	loading
Finder Score 8 Great Huddle Comprehensive	Finder Score 8 Great	Optional		Agreed or Market	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 More info Compare product selection Compare	loading
Finder Score 5.9 Standard QBE Comprehensive	Finder Score 5.9 Standard			Agreed or Market	⭐ Current offer: 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 More info Compare product selection Compare	loading
Finder Score 5.7 Standard Kogan Comprehensive	Finder Score 5.7 Standard			Agreed or Market	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. ⭐ Current offer: Get $100 Kogan.com credit, up to 10% off your first year's premium, and $10 monthly Kogan.com credit (valid on $100+ purchases) with new online Comprehensive Car Insurance. T&Cs apply. Who it might be good for: Kogan shoppers and those after a good range of policy options.	Get Quote More info Compare product selection Compare	loading
Finder Score Not yet rated Australian Seniors Comprehensive	Finder Score Not yet rated	Optional		Agreed	Finder’s summary: Australian Seniors’ comprehensive policy includes complimentary hire car for a stolen car, up to $1,000 for a damaged trailer or caravan, up to $500 for emergency travel and accommodation cover. ⭐ Current offers: Save 5% on your first year's car insurance premium by holding a valid Seniors Card. T&Cs apply. Who it might be good for: People over 50 years old looking for flexible cover options.	Get Quote More info Compare product selection Compare	loading

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FAQs

• What is the cheapest insurance to insure a Tesla?

  Allianz car insurance was the cheapest car insurer to cover Teslas, according to our research. We researched 16 different comprehensive car insurance policies based on a 30-year old male driver.

• 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 16 different car insurers. While it may differ depending on the exact model you have and your personal circumstances, the following covered Teslas.

  • Budget Direct
  • Australia Post
  • QBE
  • Kogan
  • Rollin
  • Qantas
  • AAMI

  • NRMA
  • Allianz
  • Coles
  • Bendigo
  • GIO
  • 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

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

Gary Ross's expertise

Gary Ross has written 590 Finder guides across topics including:

• Health, home, life, car, pet and travel insurance
• Managing the cost of living