Tesla Insurance in Australia: What InsureMyTesla Covers (2026)
Tesla doesn't sell its own insurance here. The app's policy is Zurich's InsureMyTesla, for the Model 3 and Y only. What its PDS covers, how it compares on paper with other insurers, and what Teslas cost to insure.
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Tesla doesn’t sell its own car insurance in Australia. The “Tesla insurance” you see in the Tesla app is InsureMyTesla, a comprehensive policy issued by Zurich Australian Insurance, which became Tesla’s preferred EV insurer here in July 2024. It covers the Model 3 and Model Y only, and you buy it through the Tesla app or on Zurich’s website. Its policy wording spells out cover that most Australian car policies don’t mention, including charging cables, a wall charger and battery damage caused by charging. Teslas are also the most expensive EVs to insure on average, so it pays to get quotes from more than one insurer.
Is there really such a thing as Tesla insurance in Australia?
Not from Tesla itself. Overseas, Tesla underwrites its own policies in some US states, but in Australia the product has always come from a local insurer. InsureMyTesla first launched here in 2016, underwritten by QBE. The current version is issued by Zurich, which Tesla named its preferred EV insurance provider on 29 July 2024. Zurich’s target market determination says there are no other distributors, so the Tesla app and Zurich’s own site are the only ways to buy it.
It is open to new and existing owners, but only for two models. Zurich’s FAQ says: “We currently only provide cover for Model 3 or Y Teslas.” A Model S or Model X needs a policy from another insurer. Since September 2026, Zurich has also asked at quote time whether the car has an active Full Self-Driving (Supervised) subscription and uses it as a rating factor, CarExpert reported; that isn’t in the policy document itself.
What does InsureMyTesla cover?
It is a standard comprehensive policy with agreed or market value cover, plus extras written for an electric car. From the product disclosure statement (prepared 25 May 2024):
| Cover | What the PDS says |
|---|---|
| Charging cables and adaptors | Up to $5,000 in any period of insurance for damage or theft of cables and adaptors you own, while stored in the car or being used to charge it |
| Wall charger | A “wall charging unit installed on premises owned by you” counts as a vehicle accessory. Damage to the car from a wall charger malfunction during charging is covered, unless the fault is a defect or the charger isn’t yours |
| Battery | Repair or replacement if the battery “was damaged as a result of being charged”, even if nothing else on the car is damaged. Excludes manufacturing defects and “ordinary deterioration of the battery over time caused by recharging and discharging cycles” |
| Charging liability | Up to $10 million per event if charging the car causes damage to property, provided you used the manufacturer’s cables and followed its charging instructions |
| New-car replacement | If the car is a total loss and is under two years old, or two to four years old with no more than 100,000 km. For a deleted or superseded model, Zurich pays the purchase price instead |
The charging liability cover is the unusual one. It answers a question few owners think to ask: who pays if your charging session damages someone else’s property, at a friend’s house or a kerbside charger? Battery degradation, as with every insurer, isn’t covered; that’s a warranty matter, and our guide to EV battery replacement costs explains what Tesla’s battery warranty does cover.
How much does it cost to insure a Tesla?
Teslas cost more to insure than most cars, electric or not. In CHOICE’s analysis of comprehensive quotes collected in January 2026, a new Tesla averaged $2,985 a year, the highest of any EV brand, against $2,440 for the average new EV and $1,865 for the average new petrol car. Those are averages across many driver profiles; your quote depends on your age, postcode, claims history, the excess you choose and whether you insure for agreed or market value.
Two things push Tesla premiums up: the cars are expensive to repair, with parts mostly imported, and a damaged battery pack can turn a moderate crash into a write-off. Our EV insurance guide explains why repairs drive EV premiums and which EVs are cheaper to insure.
How do other insurers’ policies compare on paper?
You don’t have to buy InsureMyTesla. Any insurer that quotes on a Model 3 or Model Y can cover it. What differs is how much the policy wording says about EV-specific risks. As of November 2026:
| Insurer | Charging cable | Wall charger | Battery | Where it’s stated |
|---|---|---|---|---|
| Zurich InsureMyTesla | Up to $5,000 a year | Covered if you own it and the premises | Damage from charging covered; wear excluded | PDS |
| Allianz | Cables you own are part of the car | Wall chargers you own are part of the car | Thermal runaway covered under fire, if charged within the maker’s specification | PDS |
| ROLLiN' | Covered, including leased gear | Wall boxes covered | Covered for a covered event | PDS (non-import EVs under $150,000 only) |
| NRMA | Portable cord covered as an accessory | Not covered by car insurance | No EV-specific wording | Website |
| RACV | Cables and adaptors supplied with the car | Not covered | Covered for an insured event, including thermal runaway | Website |
| Youi | Not automatically covered | Not mentioned | Covered if damaged in an insured event | Website |
| AAMI, Suncorp, GIO, Apia, Bingle, Budget Direct, RACQ, RAC WA, Real, Everyday | Not mentioned | Not mentioned | No EV-specific wording | PDS |
“Not mentioned” doesn’t mean not covered: a cable or battery may still be covered as part of the car under the general terms. It means the document doesn’t say, so ask the insurer and note the answer. Our EV insurance guide lists the documents we read and the questions worth asking.
What should a Tesla owner check before buying?
- Is the policy agreed value or market value? Used EV prices have moved sharply in recent years, which matters on a market-value policy.
- Are your charging cables covered, and up to what amount? Is a wall charger covered by this policy or by your home building insurance?
- Is battery damage covered if nothing else on the car is damaged?
- Is there new-car replacement, for how long, and is there a kilometre limit?
- Who repairs the car? Zurich says InsureMyTesla repairs go through Tesla’s accredited repair network; ask any other insurer whether its repairers are approved for Tesla and high-voltage work.
- What does roadside cover look like? Neither InsureMyTesla nor most car policies include out-of-charge towing; our Tesla roadside assistance guide explains what Tesla’s own cover does and doesn’t pay for.
This page is factual information about published policy documents, not advice about which insurer suits you. We don’t rank insurers and have no commercial arrangement with any of them. We read Zurich’s InsureMyTesla PDS, target market determination and FAQ, and the other insurers’ PDSs and EV pages, on 5 November 2026. Check the current PDS before you buy.
Frequently asked questions
Does Tesla have its own insurance in Australia?
No. The insurance offered in the Tesla app is InsureMyTesla, which is issued by Zurich Australian Insurance, not by Tesla. Zurich became Tesla's preferred EV insurer in Australia in July 2024. The product covers the Tesla Model 3 and Model Y only.
What does InsureMyTesla cover?
It is a comprehensive car policy with Tesla-specific extras written into the PDS: up to $5,000 a year for charging cables and adaptors you own, a wall charging unit on premises you own counted as part of the car, battery damage caused by charging even when nothing else is damaged, and up to $10 million for liability arising from charging the car with the manufacturer's cables.
Can I get InsureMyTesla for a Model S or Model X?
No. Zurich's FAQ says it currently only covers the Model 3 and Model Y. Owners of other Tesla models need a standard comprehensive policy from another insurer.
How much does it cost to insure a Tesla in Australia?
More than most cars. In CHOICE's analysis of comprehensive quotes collected in January 2026, a new Tesla averaged $2,985 a year, the most of any EV brand, against $2,440 for the average new EV. Your own premium depends on your age, postcode, driving history, excess and the value basis you choose.
Do I have to buy insurance through Tesla?
No. InsureMyTesla is optional. You can insure a Tesla with any insurer that will quote on it. Several mainstream insurers sell comprehensive cover for Teslas, though most of their policy documents don't mention charging gear or batteries specifically.