What is the Average Cost to Insure a Tesla Model 3?
How 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.
Tesla Model 3 Insurance Model Year by Age Group
The 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.
| Year | 16-19 yr old | 20-29 yr old | 30-39 yr old | 40-49 yr old | 50-59 yr old | 60+ yr old |
| 2022 | $787.00 / mo | $277.06 / mo | $212.20 / mo | $190.00 / mo | $194.87 / mo | $187.37 / mo |
| 2021 | $631.11 / mo | $254.78 / mo | $208.26 / mo | $186.35 / mo | $170.98 / mo | $180.83 / mo |
| 2020 | $357.72 / mo | $246.67 / mo | $193.47 / mo | $165.42 / mo | $170.76 / mo | $206.61 / mo |
| 2019 | $538.70 / mo | $256.98 / mo | $199.26 / mo | $177.12 / mo | $186.12 / mo | $184.00 / mo |
| 2018 | $390.72 / mo | $204.35 / mo | $160.35 / mo | $144.44 / mo | $144.44 / mo | $155.27 / mo |
| 2017 | $694.92 / mo | $173.05 / mo | $105.99 / mo | $129.48 / mo | $77.84 / mo | $176.26 / mo |
2022 Tesla Model 3 Insurance Rates by Companies
| Insurance Company | 12 month Premium |
| Kemper Auto Premier | $54.00 / year |
| Kemper Auto | Infinity | $742.00 / year |
| Victoria | $921.00 / year |
| American National P | $1,048.00 / year |
| Titan | $1,117.00 / year |
| Nodak Mutual | $1,254.00 / year |
| Kemper Auto Premium | $1,317.00 / year |
| Texas Farm Bureau Group | $1,463.00 / year |
| Mercury Insurance | $1,501.00 / year |
| Plymouth Rock Assurance | $1,560.00 / year |
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
| Insurance Company | 12 month Premium |
| American National P | $703.00 / year |
| Victoria | $954.00 / year |
| Titan | $1,061.00 / year |
| Concord Group | $1,062.00 / year |
| Buckeye Insurance Group | $1,079.00 / year |
| IMT Insurance Company | $1,230.00 / year |
| Indiana Farmers Mutual Ins | $1,335.00 / year |
| Texas Farm Bureau Group | $1,361.00 / year |
| Partners Mutual Insurance Co | $1,404.00 / year |
| Virginia Farm Bureau | $1,523.00 / year |
2021 Tesla Model 3 Insurance
Average 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
| Insurance Company | 12 month Premium |
| Concord Group | $789.00 / year |
| American National P&C | $1,005.00 / year |
| Dairyland Auto 1 Month | $1,134.00 / year |
| NatGen PPA | $1,190.00 / year |
| Countryway Insurance | $1,325.00 / year |
| American National P | $1,326.00 / year |
| North Carolina Farm Bureau | $1,342.00 / year |
| Virginia Farm Bureau | $1,382.00 / year |
| PEMCO | $1,579.00 / year |
| Pekin Insurance | $1,606.00 / year |
2020 Tesla Model 3 Insurance
Average 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
| Insurance Company | 12 month Premium |
| American National P | $604.00 / year |
| Kemper Auto | Infinity | $856.00 / year |
| Mercury Insurance | $934.00 / year |
| American National P&C | $950.00 / year |
| Tennessee Farmers | $987.00 / year |
| West Bend Mutual | $1,092.00 / year |
| Rural Mutual Insurance | $1,172.00 / year |
| Bear River | $1,218.00 / year |
| Pekin Insurance | $1,424.00 / year |
| Partners Mutual Insurance Co | $1,516.00 / year |
2019 Tesla Model 3 Insurance
Average 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
| Insurance Company | 12 month Premium |
| Kemper Auto | Infinity | $322.00 / year |
| Mercury Insurance | $392.00 / year |
| American National P | $761.00 / year |
| Pekin Insurance | $1,006.00 / year |
| Verti Insurance | $1,161.00 / year |
| Liberty Mutual | $1,217.00 / year |
| Virginia Farm Bureau | $1,253.00 / year |
| SECURA Insurance | $1,459.00 / year |
| Kentucky Farm Bureau | $1,461.00 / year |
| Farmers Mutual of Nebraska | $1,472.00 / year |
2018 Tesla Model 3 Insurance
Average 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
| Insurance Company | 12 month Premium |
| Hastings Mutual Insurance Co | $662.00 / year |
| Pekin Insurance | $771.00 / year |
| Westfield | $972.00 / year |
| Virginia Farm Bureau | $1,035.00 / year |
| Grange Mutual | $1,035.00 / year |
| Buckeye Insurance Group | $1,074.00 / year |
| Indiana Farmers Mutual Ins | $1,119.00 / year |
| Motorists Mutual | $1,203.00 / year |
| Texas Farm Bureau Group | $1,236.00 / year |
| United Farm Bureau of IN Group | $1,251.00 / year |
2017 Tesla Model 3 Insurance
Average 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 Models
Wondering how the Model 3 compares to other Tesla Models? Check out the average rates for each vehicle below.
Methodology
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.
Fran Majidi
Insurance Expert
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.