How much it costs to insure a Tesla Model?

Tesla sales have skyrocketed in recent years. They are a leading EV maker in the world

[{"selector":"#anim-739e2f08-0658-4290-a8dc-290e68c82815 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-14.84693856220279%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b07e2563-a918-452d-8b0e-83cf1c452056","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d1ad5806-486e-41eb-8674-db583fb7833c","keyframes":{"transform":["translate3d(0px, 289.48263%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Tesla makes high end premium EVs with high performance and luxury design

[{"selector":"#anim-04da8356-99ed-4c72-923e-90711b174bde [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e269ed46-8695-4ff6-9fa2-4e85e2eb9530","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-40366a07-2374-4df0-98a5-9fd7b948de6a","keyframes":{"transform":["translate3d(0px, 372.68874%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Tesla Models are very costly compared to other EVs in the market

[{"selector":"#anim-17f07779-27b2-4e7f-b817-34dfc12a2754 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-11.121583175962865%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-02724635-8f88-4b57-aa5a-b7b80f9b4c73","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-35ded65f-dea8-4909-99b0-e06b39cde794","keyframes":{"transform":["translate3d(0px, 518.59397%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Higher price means high insurance cost. Also, EV insurance is higher than IC powered cars

[{"selector":"#anim-b6b8e5cf-ded6-41d8-bce9-f06752b7765a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-003d3dfb-7367-4c1b-a686-22997861d35a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2669fe65-ebff-4613-9180-341b2a95d519","keyframes":{"transform":["translate3d(0px, 315.43684%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

It is estimated that Tesla EV owner may encur a cost of around $1320 a year on insurance compared to $1000 on IC engine cars

[{"selector":"#anim-fb34019b-016a-4d9b-b686-8caa52234afc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.219429233866315%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7b185256-94a1-4ca2-853a-28d60c0257a0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dcd5d0aa-c6ca-46c5-befd-6b63a0fabe40","keyframes":{"transform":["translate3d(0px, 250.43771%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Model 3 may cost you around $2351 on Insurance, Tesla Model S may require anywhere around $3673 to $4143 to insure

[{"selector":"#anim-aac6ea58-7535-463c-bfc8-fb26a7d7b71d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.8733763677539%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-44f28a40-ac31-43fd-9cf7-70b2dfd4a041","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d5ae8ecf-4c3c-49b0-a24a-caece23d3183","keyframes":{"transform":["translate3d(0px, 208.69813%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Whereas, you may need to spend around $2227 to insure a Tesla Model Y.

[{"selector":"#anim-31a69830-eb60-43bf-896a-bce57925a3a3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.214080345777884%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-cc8c1e94-dae7-4034-ba3f-a8f51a1e54aa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-88a0e1b0-8489-4c31-8bb1-7dad457e7a48","keyframes":{"transform":["translate3d(0px, 518.59397%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Read More: "Top 5 cheap EVs coming in 2023 in the USA"

[{"selector":"#anim-83a90f31-f39f-4581-b361-a90978e59da3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-33.59374990044751%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-89b9f140-7eca-4676-ba03-b1d272438e6b","keyframes":[{"offset":0,"transform":"translate3d(0, -165.62606%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -46.574048072%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -15.833851336%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -5.945975554%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -2.5837665359999997%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":1600,"fill":"both"}] Get the list here