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    Cost of insuring a Tesla

    To answer the question whether it’s more expensive to insure a Tesla, we have to compare the insurance cost to similar cars.

    Luckily, Steven Moseley already  compared Tesla Models 3, S, and X to comparable offerings from BMW and Mercedes.

    These are the results:

    Insurance cost of Tesla Model 3 vs BMW M3 and Mercedes-Benz C 43 AMG

    Insurance cost of Tesla Model S vs BMW M5 and Mercedes-Benz E 63 AMG

    Insurance cost of Tesla Model X vs BMW X6 and Mercedes-Benz GLE 63 AMG

    Conclusion

    • The Model 3 Performance is roughly 8% more expensive to insure than a BMW M3, and 21% more than a Mercedes-Benz C-Class 43 AMG.
    • The Model S P100D is roughly 10% more expensive to insure than a BMW M5, and 21% more than a Mercedes-Benz E-Class 63 AMG-S.
    • The Model X P100D is roughly 16% more expensive to insure than a BMW X6 xDrive 5.0i and 20% more than a Mercedes-Benz GLE 63 AMG-S.
    • The Teslas in this test were on average 17% more expensive to insure.
    in Financial