Tesla is an American automaker that was among the first dedicated mass-market electric vehicle manufacturers in the world. While it made its name on the now-discontinued Model S sedan and Model X SUV, its current line-up consists of the more affordable Model 3 sedan and Model Y crossover as well as the Tesla Cybertruck. Insuring a Tesla is not automatically more expensive simply because the vehicle is electric. In our data, Tesla’s median quote estimate is close to those of several gasoline luxury brands, but premiums vary considerably by model and location. A need for battery repairs, glass replacement, camera calibration, and access to an approved repair facility can all affect claims.
The premiums on this page are based on MyChoice’s internal quote data. They compare Tesla auto insurance costs by model and Ontario city, examine whether used Teslas are cheaper to insure than new ones, and show how Tesla compares with other premium brands.
Ontario Tesla Insurance Numbers Worth Knowing
Tesla’s estimated median annual Ontario premium is $2,427, 3% above the $2,345 all-vehicle benchmark. Model-specific median estimates range from about $2,180 annually for the Model X 75D to $2,950 for the Model S 90D. Those figures show there is no universal cost estimate that applies across battery sizes, configurations and model years.
| Median Tesla premium (Ontario) | $2,427 |
| Tesla vs Ontario all-vehicle median | +3% |
| Cheapest Tesla model to insure in Ontario | Model X 75D AWD (~$2,180) |
| Most expensive Tesla model to insure in Ontario | Model S 90D AWD (~$2,950) |
| Cheapest alternatives to insure | Infiniti ($2,145), Lexus ($2,422), MINI ($2,003), GMC ($2,017) |
How Tesla Premiums Vary Across Ontario
In our city-specific median pricing data, a 2023 Model 3 in Ottawa has the lowest estimated insurance cost at $1,850 per year , while a 2017 Model X in Brampton is the most expensive city-level entry at $3,913 per year. This difference of $2,063 shows that vehicle age is often a less significant factor in insurance quoting than outright replacement cost and the driver’s postal code.
| City | Model | Model Year | List Price | Median Annual Car Insurance Premium |
|---|---|---|---|---|
| Brampton, ON | Model X 75D AWD | 2017 | $125,580 | $3,913 |
| Kitchener, ON | Model S 90D AWD | 2017 | $133,455 | $2,726 |
| Ottawa, ON | Model 3 Standard Range Plus 50 | 2023 | $57,739 | $1,850 |
| Toronto, ON | Model Y 75D Long Range AWD | 2024 | $85,680 | $2,572 |
New or Used Tesla: Reading the Estimated Difference
Our data shows that a used Tesla costs $2,327 a year to insure, $173 below the $2,500 new-vehicle figure. Ask your broker or insurer how your policy handles battery damage, glass, charging equipment and replacement transportation on the exact vehicle for which you’re receiving a quote.
| Vehicle | Median Annual Car Insurance Premium |
|---|---|
| New Tesla | $2,500 |
| Used Tesla | $2,327 |
Tesla Against Other Premium Brands
Tesla and Lexus are effectively tied in our data, with median annual premiums of $2,427 and $2,422 respectively. Tesla costs only $32 less than BMW and $103 less than Volvo per year to insure, while Infiniti is $282 cheaper.
| Car brand | Median Annual Car Insurance Premium |
|---|---|
| Infiniti | $2,145 |
| Lexus | $2,422 |
| Tesla | $2,427 |
| BMW | $2,459 |
| Volvo | $2,530 |
| Audi | $2,552 |
| Mercedes-Benz | $2,646 |
Tesla Insurance, Repairs and Coverage Answers
How much does it cost to insure a Tesla in Ontario?
MyChoice Ontario insurance quote data shows that Tesla’s estimated median annual Ontario premium is $2,427, 3% above the $2,345 all-vehicle benchmark.
Are Tesla cars reliable and safe?
J.D. Power’s 2026 U.S. Vehicle Dependability Study rates Tesla below the industry average for reliability. The 2026 Tesla Model Y and 2026 Tesla Cybertruck receive the highest Top Safety Pick+ designation from the Insurance Institute for Highway Safety (IIHS).
The Tesla Model 3 does not fare as well in crash testing, and the brand’s discontinued Model S and Model X have incomplete test results. Tesla includes many modern safety and driver assistance features in its vehicles. Review the specifications for the exact vehicle you’re considering to determine what’s included.
Are Teslas expensive to repair?
Some Tesla collision repairs may be costly because they can involve specialized body, structural, sensor or high-voltage components. According to Tesla Canada, its approved collision centres receive brand-specific training and equipment.
Does Tesla provide roadside assistance in Canada?
Tesla Canada says roadside assistance can be requested through the Tesla app 24 hours a day, 365 days a year in most of Canada. Eligibility and charges depend on the problem and the vehicle’s warranty status. Tesla may arrange towing after the battery runs out, but its published terms say that service is not financially covered.
Is it more expensive to insure a Tesla than a gas-powered car?
Not necessarily. Tesla’s median annual premium is $2,427 in our Ontario data, only $82, or 3%, above the $2,345 median for all vehicles. This suggests that insuring a Tesla may be comparable to insuring similar gas-powered vehicles. However, the specific model, driver, location, usage, coverage, deductible, and insurer will determine the actual difference.
Which coverages should I consider for a Tesla in Ontario?
In Ontario, required auto insurance protection includes third-party liability, statutory accident benefits and uninsured-automobile coverage. The Financial Services Regulatory Authority of Ontario (FSRA) also explains that Direct Compensation Property Damage applies unless the policyholder opts out.
Collision, comprehensive, higher liability limits and enhanced accident benefits are optional choices. Battery damage is the most expensive repair on an EV. From an insured loss, this may fall under optional physical-damage coverage, subject to policy wording, exclusions and the deductible. Ask your insurer or broker about what coverage you’ll need to recover costs from battery damage, specifically as it relates to fire as this is a unique concern with EVs. .