If you drive a Tesla in Louisiana, you might want to hold on to your wallet. New data shows that insuring a Tesla is getting more expensive—especially in a state where car insurance is already among the highest in the U.S.
And now, with vandalism against Tesla vehicles increasing, some are worried that insurance premiums could go up even more.
Tesla Vandalism Increases Across the U.S.
In recent weeks, Teslas have been targeted and vandalized in many cities across the country. Protesters are using these acts to express their anger at Elon Musk, who was recently chosen by President Trump to head the Department of Government Efficiency (DOGE).
For those unfamiliar, DOGE is a new government body created to reduce what it calls “unnecessary spending.” Elon Musk, known for his outspoken views and business ventures, was put in charge of the department earlier this year.
Not everyone is happy about this. Some protesters in New Orleans (NOLA) even damaged a Cybertruck during Mardi Gras as a form of protest. Many vandalized Teslas have also been spray-painted with swastikas and other hateful symbols—likely linked to past controversial actions involving Musk, including a rumoured Nazi salute incident, though that claim remains unconfirmed.
Why Tesla Insurance Is Already Expensive
Even before the vandalism spree, Tesla cars were more expensive to insure than the average vehicle. In the last month alone, the annual cost to fully insure a Tesla Model 3 rose by over $100, reaching $3,459 per year.
In comparison, the national average insurance cost for all vehicles is around $2,678 per year. That means it currently costs about $781 more per year to insure a Tesla compared to other vehicles.
In Louisiana, where insurance costs are already among the highest in the country, owning a Tesla could become even more expensive for drivers.
Will Vandalism Impact Insurance Costs?
So far, insurance companies haven’t increased Tesla premiums due to vandalism—at least not yet.
Shannon Martin, an insurance analyst at Bankrate, told Business Insider that insurers are watching the situation but haven’t responded with higher premiums specifically because of the vandalism.
She added that unless the acts of vandalism continue for the rest of the year, it’s unlikely that companies will take further action such as dropping coverage or increasing rates sharply.