Staff Editor As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking down confusing terms and products to help others mak... Read Full Bio Tesla Model S Insurance Costs by State State variations in Tesla Model S auto insurance costs are typically related to past claims in the state, medical costs, repair costs, state regulations and more. Louisiana is the most expensive state for insuring a Tesla Model S ($9,808 a year). North Carolina is the cheapest ($2,913 a year). Cost of Insurance for a Tesla Model S Based on Driver Age The cheapest age for insuring a Tesla Model S is 60, according to a Forbes Advisor analysis of rates. The most expensive age to insure a Tesla Model S is age 20. There are several factors that go into determining your own car insurance rate. These include your driving record, your garaging address (where you keep the car), annual mileage, a credit-based insurance score (poor credit risks pay more), your past claims, the type of car, any recent lapse in car insurance coverage and the type and amount of insurance coverage chosen.