Are Electric Cars More Expensive To Insure TESLA Model S (5YJS) (09.2012 - ...)

Insurance for a 2017 Tesla Model S in the UK tends to be significantly more expensive compared to traditional cars. The Tesla Model S is classified in insurance group 50, the highest group, which means it is among the most costly vehicles to insure. For example, a 30-year-old in London might pay over £5,000 annually, while in other regions like Newcastle, it could be around £2,500, showing location also heavily influences the cost.

Real user experiences highlight that insurance premiums for Teslas remain high even as the car ages, largely because the initial purchase price strongly affects premiums and repair costs tend to be high. Tesla repairs are costly because parts are only available through Tesla or select repair centers, and you cannot use just any body shop. This exclusivity drives up repair costs. Additionally, damage to the battery in accidents can be extremely expensive, sometimes exceeding the car’s value, which insurers factor into premiums.

Owners report paying around £600 to £1,000 annually for Tesla insurance if shopping carefully and using insurers like Admiral, which is often cited as one of the cheaper options for Tesla owners in the UK. However, new or younger drivers, or those with recent claims, may face much higher rates, sometimes several thousand pounds per year.

In summary:
- Tesla Model S insurance is more expensive than for traditional cars, mainly due to high repair costs and the car’s high value.
- Repair costs are higher because Tesla parts and repairs must be done at Tesla-approved centers.
- Insurance premiums vary widely by location, driver age, and driving history.
- Shopping around with insurers like Admiral can help reduce costs.

If you are considering a 2017 Model S, expect insurance premiums to be higher than average, but manageable if you have a good driving record and shop around carefully.