Tesla Insurance Cost Calculator
A ballpark annual premium for your Tesla based on the factors UK insurers weigh most — region, insurance group, age, No Claims Discount, cover level and excess — plus what a telematics (black box) policy might charge and the quickest ways to pay less.
Estimated premium
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per year
Per month
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Likely range
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±18% — quotes vary
With Safety Score
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What drives your estimate
Each factor multiplies the running totalTelematics simulator
Illustrative—
Ways to lower it
Each line is the change on its own, from your current estimate.
Today's lineup, same driver
Annual estimate for your profile · ★ your carEstimate only — not a quote. Real premiums depend on your postcode, occupation, claims history, insurer and underwriting rules that no calculator can see — and some insurers won't cover young or newly qualified drivers on group 50 cars at all. Compare quotes on at least two comparison sites, plus insurers that don't appear on them, before you buy.
How this is calculated
- Base: a UK average comprehensive premium (about £650/yr), multiplied by your region's cost index (London is the most expensive).
- Vehicle: insurance group on the 1–50 scale, estimated from the trim (Performance and every Model S/X ≈ 50) and nudged down a group for non-Performance cars six or more years old. A typical car sits around group 20; each group above adds about 2.5%, so Teslas (groups 47–50) start roughly 70–75% above average. Car value: an older car is insured at its estimated value today, which trims comprehensive cover by up to 15% (TPF&T up to 8%; third party only is unaffected).
- Driver: an age curve (17–19-year-olds pay several times the base; rates bottom out in the 50s and 60s and rise again after 75), claims and convictions (speeding +12%, a fault claim +35%, drink-driving more than doubles it), and No Claims Discount relative to a typical five years (0 years ≈ 2.2×, 9+ years ≈ −11%).
- Policy: cover level (third party only +8% and third party, fire & theft +3% versus comprehensive), voluntary excess (£250 ≈ −5%, £1,000 ≈ −14%), annual miles (~1.2% per 1,000 miles from 7,400), overnight parking (garage −4%, street +8%), named drivers and a multi-car discount (−8%).
- Telematics: an illustrative black-box curve — about +10% at 70, −12% at 90 and −28% at 100 versus the standard estimate.
Why are Teslas in such high insurance groups?
Groups reflect repair costs, parts prices, performance and security. Teslas have expensive aluminium and structural castings, cameras and sensors in the bumpers, a limited network of approved body shops and long repair times — and every trim is quick. Most sit in groups 47–50, the same territory as large premium SUVs.
Is third party only cheaper?
Often not. Insurers see third-party-only policies chosen disproportionately by higher-risk drivers, so they price them accordingly. Comprehensive cover is frequently the same price or cheaper — and it's the only one that pays to repair your own car. Always quote all three.
Should I protect my No Claims Discount?
Protection usually costs 10–20% extra and lets you make one or two claims in a set period without losing the discount — but your premium can still rise after a claim. It's worth more the bigger your NCD and the pricier the car to repair.