In response to questions about Tesla insurance costs, I compared Tesla Models 3, S, and X to comparable offerings from BMW and Mercedes.
The Tesla Model 3 Performance is on average 8% more expensive to insure than a BMW M3, and 21% more than a MB C-Class 43 AMG.
The Tesla Model S P100D is on average 10% more expensive to insure than a BMW M5, and 21% more than a MB E-Class 63 AMG-S.
The Tesla Model X P100D is on average 16% more expensive to insure than a BMW X6 xDrive 5.0i and 20% more than a MB GLE 63 AMG-S.
The Teslas in this test were on average 17% more expensive and 30% quicker than the competitors, which may impact the results slightly.
There has been much talk about Tesla (TSLA) insurance prices of late, in response to the news about Tesla announcing an impending insurance offering. To address the speculation about relative Tesla insurance prices,