Tesla Tips

Tesla Insurance VS Geico: Which Is Better?

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Last Updated on May 30, 2023 by Rose Morah

Most insurance rates will vary based on many factors. Likewise, when it comes to Tesla insurance vs Geico, there is quite a difference between the two.

Generally, this is more of an apple-orange comparison.

Therefore, this article is going to give you the differences between the two insurance and who should go for either of them.

Difference between Tesla insurance and Geico

Tesla insurance is quite different compared to Geico and many other insurance providers.

Like many other insurance providers, Geico’s insurance rates will vary depending on your driving history, age, location, and so on.

But for Tesla insurance, the insurance rates are based on your monthly Safety Score, how much you drive, your address, what vehicle you drive, and the coverage you select.

Tesla uses real-time driving behavior (Safety Score) to determine how much you pay for insurance, but it is not yet available in all states.

Safety Score is currently available in the following states:

  • Arizona
  • Colorado
  • Illinois
  • Minnesota
  • Maryland
  • Nevada
  • Oregon
  • Ohio
  • Texas
  • Utah
  • Virginia

For an updated list you can check out this article on the Tesla website.


This means that some people who are on Tesla insurance may get flat rates because they live in states where Tesla doesn’t use their Safety Score to determine their monthly insurance charges.


Is Tesla Insurance Good? (Pros & Cons).

Hidden Costs of Owning A Tesla (First-hand Experience).

Tesla insurance vs Geico: which one is recommended?

It depends on personal preferences. That’s because some people will find Tesla insurance more favorable than Geico and vice versa for others. 

To help you decide, let’s take a look at the type of people who should go for Geico and those who should go for Tesla insurance.

What type of people should go with Geico?

  1. New Tesla owners

If you are a new Tesla owner and you live in a state that allows the use of Safety Scores to determine your premiums, trying to get a better Safety Score is not very exciting. 

That’s because the last thing you would want is worrying about the insurance going up because you want to enjoy the new car, especially if it’s the first time you are feeling its acceleration.

  1. People who have bad Safety Scores

If you get a bad Safety Score almost every month, then I would recommend getting a quote from Geico. You might end up paying less on Geico insurance compared the Tesla insurance.

  1. People who mostly drive late at night 

People who mostly drive from 10 pm to 4 am, may find Geico cheaper compared to Tesla insurance. 

That’s because according to Tesla, driving around this time increases the likelihood of being in a dangerous driving environment. This, therefore, affects your Safety Score!

  1. People who don’t like monthly insurance charges are always fluctuating

If Tesla is going to be using your Safety Score to determine your monthly insurance charges, then expect the charges to either go up or down every month, depending on the Score after 30 days.

  1. People who don’t want their driving monitored

If you don’t want your driving monitored and rated after every 30 days, for those living in states where Tesla Safety Score is allowed, then Geico may be the best option for you.

Some Tesla owners have reported having had to opt out of Tesla Insurance. That’s because of the anxiety it gives them when their driving is monitored in order to determine their Safety Score.

See also:

Best Tesla Financing Options(Recommended By Tesla Owners).

How To Finance a Tesla (Tips and Tricks).

What type of people should go with Tesla insurance

  1. People who are looking for a cheaper option

Based on feedback from most Tesla owners who have had both Geico and Tesla insurance or have gotten quotes from both insurances, the majority of them preferred Tesla insurance because it was way cheaper compared to Geico.

In other words, they were getting big savings with Tesla insurance.

But of course, everyone will have different experiences depending on the state and their location within the state.

  1. People who get good Safety Score

If you get a good Safety Score every month, then expect to pay cheaper rates on Tesla insurance. This means that Tesla’s insurance will be much better than Geico’s in terms of affordability.

I have seen people who have paid as low as $65 on Tesla insurance after they got a score of 98 and above.

These were really big savings compared to what Geico wanted them to pay.

See also:

Is The Tesla Extended Warranty Worth It? (Read This Before You Purchase It).

Should You Buy Or Lease A Tesla?

Tesla insurance vs Geico customer experience

Customer experience will vary depending on the experiences of different people. Therefore, I generally can’t say one is better than the other.

However, we saw more people report having a better customer experience with Geico than with Tesla insurance. 

Additionally, some people don’t trust Tesla mostly because of their previous experiences with customer care. Some have also not had a good experience with Tesla’s service and sales.

This includes very slow responses or ghosting customers.

We hope that Tesla will improve on this in the future.

Finally, I would like to conclude by pointing out that all insurance providers will be good until that time when you need them or when you are at fault!