Tesla is an expensive car to repair – and that is reflected in insurance premiums. But it is not as bad as many think, and there are good tips to keep costs down. Here is everything you need to know about Tesla insurance in Europe.
What does Tesla insurance cost?
Tesla insurance in Europe typically costs:
- Model 3 RWD: €1,200–€2,000/year
- Model Y Standard: €1,100–€1,800/year
- Model Y Performance: €1,600–€2,600/year
- Model S/X: €1,200–€1,800/year
Prices vary significantly depending on age, driving history, location and excess.
What affects the price?
- Your age – younger drivers pay more
- Driving history – claims raise the price
- Location – city driving is more expensive
- Excess – higher excess = lower premium
- Annual mileage – fewer km = lower price
- Telematics – some insurers offer discounts for black box installation
Is Tesla more expensive to insure?
Yes – Tesla is generally 15–25% more expensive to insure than a comparable petrol car in the same price range. Reasons:
- High repair costs – aluminium bodywork and large glass panels
- Specialised labour – not all workshops can repair Tesla
- Expensive parts – battery systems and electronics
- Relatively new technology – insurers lack historical claims data
On the positive side, Tesla is statistically involved in fewer accidents than the average car.
How to save on insurance
- Compare prices from at least 3–4 insurers
- Choose a high excess
- Bundle your insurances
- State the correct annual mileage
- Garage storage reduces risk and price
Tesla Insurance – available in Europe?
Tesla offers its own insurance product in the USA based on real-time driving data. The safer you drive, the lower the premium. In Europe, Tesla Insurance is not yet available (as of 2026). Keep an eye out – if Tesla launches it in Europe it could offer very competitive rates for safe drivers.
Conclusion
Tesla insurance is slightly more expensive than for comparable petrol cars but is manageable. Always compare prices from multiple insurers and remember that lower running costs on electricity and servicing more than compensate for the slightly higher insurance premium.
Order your Tesla and save with a bonus link
Use our link and get 1,000 km free Supercharging or a discount – a great start towards covering your insurance costs.