What is the Average Cost to Insure a Tesla Model 3?Tesla Model 3How much does car insurance cost for Tesla Model 3? Your age, location, driving history, education and marital status all play a major factor in the price you pay to insure your vehicle. We analyzed our car insurance rate data and calculated the average rate that you can expect to pay based on your age. We also looked at the average rate that some of the top car insurance companies are charging drivers. Keep in mind, these are just average and your actual price may vary. Check out more information about the Tesla Model 3 below. Show
Tesla Model 3 Insurance Model Year by Age GroupThe price you pay to insure your Tesla Model 3 can vary based on your age group. Here are the average rates you can expect to pay.
2022 Tesla Model 3 Insurance Rates by Companies
Average Cost to Insure $1,313.50 / year Cheapest Rate $54.00 / year Kemper Auto Premier Available Trims 4dr SEDAN (cyl) 2021 Tesla Model 3 Insurance Rates by Companies
2021 Tesla Model 3 InsuranceAverage Cost to Insure $1,088.80 / year Cheapest Rate $703.00 / year American National P Available Trims 4dr SEDAN (cyl) 2020 Tesla Model 3 Insurance Rates by Companies
2020 Tesla Model 3 InsuranceAverage Cost to Insure $1,049.90 / year Cheapest Rate $789.00 / year Concord Group Available Trims 4dr SEDAN (cyl) 2019 Tesla Model 3 Insurance Rates by Companies
2019 Tesla Model 3 InsuranceAverage Cost to Insure $1,215.40 / year Cheapest Rate $604.00 / year American National P Available Trims 4dr SEDAN (cyl) 2018 Tesla Model 3 Insurance Rates by Companies
2018 Tesla Model 3 InsuranceAverage Cost to Insure $1,104.87 / year Cheapest Rate $322.00 / year Kemper Auto | Infinity Available Trims 4dr SEDAN (cyl) 2017 Tesla Model 3 Insurance Rates by Companies
2017 Tesla Model 3 InsuranceAverage Cost to Insure $1,376.73 / year Cheapest Rate $662.00 / year Hastings Mutual Insurance Co Available Trims 4dr SEDAN (cyl) Compare Model 3 to other Tesla ModelsWondering how the Model 3 compares to other Tesla Models? Check out the average rates for each vehicle below. Methodology Fran Majidi Fran Majidi manages content on SmartFinancial's website. She's had nearly a decade's worth of experience writing about insurance-related topics. Prior, she was an arts and entertainment editor in New York City. She has a B.A. from Barnard College and an M.F.A. in writing from The New School. She writes books under her given name, Afarin Majidi. Is insurance on a Tesla Model 3 expensive?The average cost of insurance for a Tesla Model 3 is $1,712 per year, which is $285 more than the average cost of insurance across all car models. Depending on the insurance company, the cost to insure a Tesla Model 3 can change by as much as $1,077 per year.
Are Teslas expensive to insure?Tesla cars are expensive to insure because they are expensive to buy and repair. Teslas have especially high collision coverage costs due to their high repair and maintenance costs, which are more expensive than other luxury vehicles or EVs. Teslas can only be repaired at Tesla-approved body repair shops.
How much is Tesla insurance a month through Tesla?How much is insurance on a Tesla? Based on the average annual rate of $2,503 a year, Tesla insurance costs about $209 a month for a Model S. Like all car insurance, Tesla rates will vary based on factors like location, driver history and coverage levels.
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