The Tesla Model S is a large electric sedan. It is not on the new-car list now, so in Singapore you would most likely buy one used. This page covers the costs you can pin down and explains the ones we cannot.
The insurance prices are examples for one stated driver, as of 1 November 2026. Only two insurers price the car online, so read them as a rough guide.
Versions you may come across
The new-car list has no entry for the Model S. So there is no list price, power figure or body type to give.
Our quote form lists five versions, all electric:
- Model S 75D
- Model S 100D
- Model S Long Range
- Model S P100D
- Model S Plaid
The price page prices the Model S Long Range, the version most of our insurers quote. Insurance for the other versions may differ.
COE for an electric car
Electric cars fall into a COE category by motor power. The price page says a fully electric Model S needs a Category A COE if its motor is 110kW (147bhp) or less. If it is more powerful, it needs a Category B COE.
In the October 2026 2nd round, Category A closed at S$132,004 and Category B at S$131,901. On a used car, you meet these figures if you renew the COE. The COE page lists later rounds.
Road tax: check the motor's power
Road tax for an electric car follows the motor's power. The list we use gives no motor power for the Model S, so we cannot give a road tax figure here. The versions above also differ from one another.
To get your figure, find the motor power on the car's registration details. Then use the road tax page.
The age surcharge applies to electric cars as well:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
Insuring the Model S Long Range
The Tesla Model S price page prices this case:
- Car: Model S Long Range, registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, driving 10 years
- Record: 50% no-claim discount (NCD), no claims
- Repairs: authorised workshop, no options
Only 2 insurers price it online, with three plans between them. The lowest premium is S$1,195.25 a year. The other insurer asks S$1,672.74, which is S$477.49 more, or 40% on top. The middle plan costs S$1,406.62. Prices include 9% GST, and all are marked as estimates.
Seventeen insurers on our panel have no online price for the Model S. Some do not quote electric cars online. One does not list the model. Another holds a price for one reference driver only. The rest have none yet. For this car, asking insurers directly is likely to be part of the process.
Plan type and excess
The lowest premium is for a collision-only plan, and the next is a fuller plan from the same insurer. Both carry a S$1,500 excess. The dearest plan carries S$600.
So the lowest price buys a narrower plan with a higher excess. Check what each plan covers, not only the premium. That matters most for an expensive car to repair.
What changes the price
The price page shows the lowest price with one change at a time:
- No NCD (0%): S$2,516.33, which is S$1,321.08 more
- 20% NCD: S$2,013.06, S$817.81 more
- A driver aged 27, 3 years' driving, 30% NCD: S$2,649.87, S$1,454.62 more
- A driver aged 65, 20 years' driving: S$1,490.16, S$294.91 more
- A new car, registered this year: S$1,672.74, S$477.49 more, with only 1 insurer pricing
- A car 8 years old: S$1,202.53, S$7.28 more
The young driver case costs most, at 122% above the standard driver. No NCD comes close. A new car shows a higher price only because one insurer prices it. An older car barely moves the figure.
Against other electric cars
The price page compares six electric cars, for the same driver and car age:
- BYD Sealion 7: S$1,390.72, 7 insurers
- BYD Atto 3: S$913.63, 10 insurers
- BYD M6: S$861.41, 9 insurers
- BMW iX1: S$1,907.27, 2 insurers
- Aion V: S$856.84, 4 insurers
- Hyundai Ioniq 5: S$954.21, 8 insurers
Their average lowest price is S$1,147.35. The Model S is 4% above that. Four of the six are cheaper to insure, while the Sealion 7 and iX1 cost more. Most rivals have far more insurers pricing them.
Other Tesla models are on the Tesla car insurance page.
Costs that depend on you
These have no single figure:
- Charging: home charging if your building has a charger, or public chargers at varying rates.
- Parking: season parking at home and work, plus parking when out.
- ERP: depends on your routes and the time of day.
- Tyres and servicing: follow the maker's schedule, and budget for tyres over time. Ask what any remaining battery warranty covers.
- Depreciation: depends on the price you pay and the COE years left.
Summary of yearly costs we can show
For the Tesla Model S Long Range:
- Road tax: depends on motor power; use the road tax page with the car's registered figure
- Insurance, standard driver: from S$1,195.25 a year, 2 insurers pricing (as of 1 November 2026)
- Insurance, no NCD: from S$2,516.33
- Insurance, driver aged 27 with 30% NCD: from S$2,649.87
- Insurance, car 8 years old: from S$1,202.53
For context, Category A closed at S$132,004 and Category B at S$131,901 in the October 2026 2nd round.
Before you buy: car insurance for the Tesla Model S
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Tesla Model S to see today's prices from every insurer we compare and how they change with the driver and the car's age. Or get a quote with your own details.