Tesla Model S costs, insurance, warranty & tax
The running costs of the Tesla Model S are very low, but the asking price is sky-high
|Insurance group||Warranty||Service intervals||2021/22 company-car tax cost (20%/40%)|
|50||4yrs / 50,000 miles||1yr / 12,500 miles||£168/£336|
Starting from just under £84,000, even the most basic Tesla Model S isn’t cheap. The Jaguar I-Pace starts from just over £65,000, and while that isn’t what you’d call affordable, it does at least highlight the premium you’re paying for Tesla’s technology.
The good news is that running costs are typically low. A Model S Long Range can be topped up at home for around £12, or even less using cheaper night-time electricity rates. The Tesla Model S is Congestion Charge-exempt in London until October 2025; this could save you £15 every time you drive through the centre of the UK's capital.
Tesla Model S insurance group
All versions of the Tesla Model S are in insurance group 50 – the highest possible bracket – mainly because of its rapid acceleration and high replacement cost. Unsurprisingly, Model S policies won’t be cheap.
The Tesla Model S comes with a four-year/50,000-mile warranty, while the battery is guaranteed for eight years and an unlimited amount of miles in that time.
Tesla recommends that the Model S be serviced every 12 months or 12,500 miles, whichever comes first. Tesla offers three and four-year maintenance plans for its vehicles, covering consumables such as wiper blades and brake fluid. These plans should help keep costs more transparent and manageable in the long run.
As an electric car, the Tesla Model S emits no tailpipe emissions at all, so there's no road tax (VED) to pay.
In This Review
- 1VerdictThe Tesla Model S remains one of the most desirable electric cars you can buy, but its qualities come at a substantial price
- 2Range, battery & chargingThe Tesla Model S Long Range delivers more range than any other electric car on sale, and has access to Tesla's Supercharger network
- 3Running costs & insurance - currently readingThe running costs of the Tesla Model S are very low, but the asking price is sky-high
- 4Performance, motor & driveThe Tesla Model S is exceedingly quick and performs well as a refined motorway cruiser; semi-autonomous features reduce the strain further
- 5Interior, dashboard & comfortThe Tesla Model S feels spacious and elegant inside, although the finish leaves a little to be desired
- 6Boot space, seating & practicalityThere’s a generous amount of luggage space in the Tesla Model S, plus optional extra seats to consider
- 7Reliability & safety ratingThe Tesla Model S has a relatively clean record when it comes to reliability, and scored well in its Euro NCAP crash tests