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

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

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

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

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

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

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

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