Tesla Car Insurance

Buying insurance for an electric car is the same as insuring a traditional car.

The expense of repairs and maintenance may add to the cost, but cheap Tesla car insurance can be had from insurers with green vehicle discounts, which include TD and Desjardins.. InsureMyTesla, which is a Tesla product underwritten by Aviva, is another place to acquire insurance for a Tesla.

There are a few routes you can take to acquire the coverage — going through an insurance agent, broker, or directly from the company, for instance. Before you settle on a path, it’s strongly recommended that you do your own research first.

Why? Many consumers think there are no differences between insurance companies. The truth is, there can be significant variations in price between companies. Rates.ca helps make researching insurance companies easier. Taking three minutes to compare 50+ insurance providers for free on Rates.ca can save you hundreds a year.

Yes — Our Rates.ca quoter supports the 2026 Tesla Model 3 Premium RWD. Just enter your driver and vehicle info to compare quotes in minutes.

Tesla car insurance is not necessarily offered at a higher premium than electric vehicle insurance or gas-powered vehicles. Rates will depend on the make and model you choose as well as your driving history, risk assessment and your location.

The Canadian Loss Experience Automobile Rating (CLEAR) system considers the safety and loss prevention features of a vehicle, such as tires, side airbags, and theft prevention features, to help insurance providers set premiums for each vehicle model. EVs generally have more expensive tech features and, as a result, may, come with more expensive premiums.

Sometimes those higher costs can be offset by the green discounts offered by insurance providers.

Teslas provide a cleaner and greener alternative to cars than traditional gas-powered cars. As a result, Tesla car insurance should probably cover more things than your average Chevy.

Also, all provinces require drivers to carry a minimum amount of car insurance, and you have the option to buy additional coverage that protects you in the event of certain types of accidents, damage or theft. Generally, there are four types of coverage required for drivers including:

• Third-party liability insurance – This covers you if you are in an accident that kills or injures another person.
• Statutory accident benefits coverage – This pays for supplemental medical care.
• Uninsured automobile insurance – This covers you if you are struck by an uninsured driver.
• Direct compensation – If another motorist causes your accident, this insurance will pay for the damage to your car and compensate you for any losses.

For example, Teslas operate with wall connectors, special key fobs and other technologies that may not be available on traditional cars. Also, Teslas have self-driving capabilities, which could nullify your insurance if you use them. Something to consider for all drivers purchasing new cars is to purchase collision insurance, which can be added to a standard policy, and provides financial compensation for any damage to your vehicle caused by a collision (either other vehicle or object).

Having collision insurance is not mandatory and will increase your premiums. The amount of your premium increase will depend on the make and model of your car, the amount of coverage you add and the deductible. The only province where collision insurance is not mandatory is Manitoba.

Yes. Tesla offers roadside assistance in Canada. The coverage begins on the first day the vehicle is delivered to the first purchaser (or leaser) and covers four years of 80,000 km, or whichever occurs first.

The service is included in battery and drive unit coverage in Tesla’s new or pre-owned vehicle limited warranty, meaning it is free for covered events. Generally, Tesla’s roadside assistance covers tires, towing and lockout service, and something called out of range (if you have a depleted battery and are out of range to another charging station).

Finding the best Tesla car insurance in Canada will take research on your part. Rates.ca has quotes and comparisons to provide you with the most up-to-date and cheapest Tesla quotes around.

Rates.ca is equipped and ready to provide you with the best quotes on your Tesla. If you are so inclined and would like to speak with a broker, we can assist with that too and get you in touch with someone to speak to. Brokers and insurance providers will want to know about your driving record, risk assessment and other factors that could affect your Tesla car insurance quotes.