Tesla Model 3 Car Insurance Cost 2025
Typically, Porsche Panamera drivers can expect to pay an average of $1,990 per year for car insurance. Keep in mind that this is just an estimate—your actual rate could be higher or lower depending on factors like your age, location, driving history, and the coverage options you choose.
We’ve saved shoppers an average of $600 per year on their car insurance.
Insuring a 2025 Tesla Model 3 typically costs between $1,990 and $3,466 annually for full coverage, depending on the insurer and driver profile . This is notably higher than the national average of $2,305 for all vehicles .
The elevated premiums are attributed to the Model 3’s advanced technology, expensive repair costs, and specialized parts . Additionally, recent increases in vandalism targeting Teslas have led to further rate hikes .
While Tesla’s own insurance program may offer competitive rates in select states, overall, the Model 3 remains pricier to insure compared to many other vehicles.
How Much Does Tesla Model 3 Car Insurance Cost?
Typically, Tesla Model 3 drivers can expect to pay an average of $1,990 per year for car insurance. However, actual rates may vary depending on factors such as the driver’s age, location, driving history, and chosen coverage options.
It’s important to understand that car insurance costs can vary widely depending on several key factors. These include your location, driving history, the age of your vehicle, and the type of coverage you choose. For example, maintaining a clean driving record can help keep your premiums low, while a history of accidents or traffic violations may lead to higher rates.
Living in a densely populated urban area with heavy traffic can also increase your insurance costs compared to living in a rural area with less congestion. Additionally, the type of coverage you select plays a significant role in determining your premium. Full coverage—which includes both comprehensive and collision—tends to be more expensive than minimum liability coverage.
As shown in the table below, the insurance cost for a Tesla Model 3 is higher than the average for all Tesla models. It is also more expensive than the average insurance cost for all vehicles.
Insuranceopedia makes it easy to compare quotes from multiple auto insurance companies, helping you find the best rate based on your specific profile and needs.
| Vehicle | Average Monthly Premium |
| Tesla Model 3 | $255 |
| All Teslas | $154 |
| All Cars | $175 |
Average Insurance Cost Of Tesla Model 3 By Model Year
| Model Year | Average Premium |
| 2025 Tesla Model 3 | $2,050 |
| 2024 Tesla Model 3 | $1,117 |
| 2023 Tesla Model 3 | $946 |
| 2022 Tesla Model 3 | $1,094 |
| 2021 Tesla Model 3 | $1,189 |
| 2020 Tesla Model 3 | $1,059 |
| 2019 Tesla Model 3 | $1,084 |
| 2018 Tesla Model 3 | $1,130 |
| 2017 Tesla Model 3 | $3,518 |
2025 Tesla Model 3 Insurance Rates
The average annual insurance cost for a 2025 Tesla Model 3 is $2,050. However, USAA offers the cheapest rates, averaging $1,410 per year.
| Insurance Provider | Average Annual Cost |
| Farmers | $2,690 |
| Progressive | $2,260 |
| GEICO | $2,210 |
| Allstate | $2,590 |
| State Farm | $1,450 |
| USAA | $1,410 |
| Nationwide | $1,780 |
| Travelers | $1,770 |
| Auto-Owners | $1,540 |
| Kemper | $2,800 |
2024 Tesla Model 3 Insurance Rates
The average annual insurance cost for a 2024 Tesla Model 3 is $1,117. However, Mercury Insurance Company offers the cheapest rates, averaging $743 per year.
| Insurance Provider | Average Annual Cost |
| Plymouth Rock Assurance | $893 |
| Esurance | $1,799 |
| Erie | $1,118 |
| Travelers | $1,000 |
| New York Central Mutual Fire | $767 |
| Dairyland Auto | $946 |
| Mercury Insurance Company | $743 |
| Hanover | $1,327 |
| USAA | $1,611 |
| Kemper Auto Premier | $966 |
2023 Tesla Model 3 Insurance Rates
The average annual insurance cost for a 2023 Tesla Model 3 is $1,117. However, Safeco Company offers the cheapest rates, averaging $251 per year.
| Insurance Provider | Average Annual Cost |
| New York Central Mutual Fire | $832 |
| Direct Auto | $1,384 |
| Capital Insurance Group | $1,199 |
| Plymouth Rock Assurance | $1,007 |
| Safeco | $251 |
| Texas Farm Bureau Group | $883 |
| Mercury Insurance | $327 |
| Virginia Farm Bureau | $1,222 |
| Erie | $1,268 |
| SafeAuto | $1,082 |
2022 Tesla Model 3 Insurance Rates
The average annual insurance cost for a 2022 Tesla Model 3 is $1,094. However, Safeco offers the cheapest rates, averaging $350 per year.
| Insurance Provider | Average Annual Cost |
| Kemper Auto Premier | $757 |
| Plymouth Rock Assurance | $1,701 |
| Capital Insurance Group | $1,324 |
| American National P | $1,227 |
| Safeco | $350 |
| Mercury Insurance | $757 |
| NatGen Value | $558 |
| Texas Farm Bureau Group | $1,368 |
| Virginia Farm Bureau | $1,570 |
| Titan | $1,325 |
2021 Tesla Model 3 Insurance Rates
The average annual insurance cost for a 2021 Tesla Model 3 is $1,189. However, American National P offers the cheapest rates, averaging $664 per year.
| Insurance Provider | Average Annual Cost |
| Farm Bureau Mutual (IA Group) | $1,133 |
| Partners Mutual Insurance Co | $1,391 |
| Mercury Insurance | $1,351 |
| Buckeye Insurance Group | $1,240 |
| American National P | $664 |
| IMT Insurance Company | $1,226 |
| Safeco | $907 |
| Texas Farm Bureau Group | $1,337 |
| ACCC Insurance Company | $1,337 |
| Indiana Farmers Mutual Ins | $1,308 |
2020 Tesla Model 3 Insurance Rates
The average annual insurance cost for a 2020 Tesla Model 3 is $1,059. However, Safeco offers the cheapest rates, averaging $514 per year.
| Insurance Provider | Average Annual Cost |
| Mercury Insurance | $976 |
| Western National | $1,244 |
| North Carolina Farm Bureau | $1,143 |
| West Bend Mutual | $1,110 |
| Safeco | $514 |
| Dairyland Auto 1 Month | $1,155 |
| Titan | $938 |
| Rural Mutual Insurance | $1,158 |
| Texas Farm Bureau Group | $1,211 |
| Liberty Mutual | $1,143 |
2019 Tesla Model 3 Insurance Rates
The average annual insurance cost for a 2019 Tesla Model 3 is $1,059. However, Mercury Insuranceoffers the cheapest rates, averaging $563 per year.
| Insurance Provider | Average Annual Cost |
| American National P | $871 |
| Capital Insurance Group | $1,459 |
| PEMCO | $1,278 |
| SafeAuto | $1,034 |
| Mercury Insurance | $563 |
| Tennessee Farmers | $986 |
| Safeco | $588 |
| Liberty Mutual | $1,380 |
| Oregon Mutual | $1,449 |
| SECURA Insurance | $1,228 |
2018 Tesla Model 3 Insurance Rates
The average annual insurance cost for a 2018 Tesla Model 3 is $1,084. However, Mercury Insurance offers the cheapest rates, averaging $567 per year.
| Insurance Provider | Average Annual Cost |
| American National P | $727 |
| Southern Farm Bureau | $1,572 |
| Virginia Farm Bureau | $1,369 |
| Verti Insurance | $1,195 |
| Mercury Insurance | $567 |
| Pekin Insurance | $1,108 |
| Safeco | $639 |
| Capital Insurance Group | $1,414 |
| SECURA Insurance | $1,441 |
| Texas Farm Bureau Group | $1,266 |
2017 Tesla Model 3 Insurance Rates
The average annual insurance cost for a 2017 Tesla Model 3 is $1,130. However, Unitrin offers the cheapest rates, averaging $2,104 per year.
| Insurance Provider | Average Annual Cost |
| Grange | $2,627 |
| Auto Club | $4,659 |
| Hartford | $4,037 |
| USAA | $3,602 |
| Unitrin | $2,104 |
| Nationwide | $3,321 |
| California Capital | $2,500 |
| Alliance United | $4,245 |
| State Farm | $4,452 |
| Bristol West | $3,632 |
Find Affordable Tesla Model 3 Insurance Rates
Are Tesla Model 3s Expensive To Insure?
Yes, insuring a Tesla Model 3 tends to be more costly than average. Full coverage premiums typically range from $1,990 to over $3,000 annually, influenced by factors like location, driver profile, and insurer . The Model 3’s advanced technology, including expensive sensors and cameras, contributes to higher repair costs, which insurers factor into premiums. Additionally, recent increases in vandalism targeting Teslas have led to further rate hikes . While Tesla’s own insurance program may offer competitive rates in select states, overall, the Model 3 remains pricier to insure compared to many other vehicles.
Cost of Tesla Model 3 Car Insurance By Age
Age is a major factor in determining car insurance rates. Teen drivers usually face the highest premiums, as they are statistically more likely to be involved in accidents than any other age group. As you get older and gain more driving experience, your insurance rates tend to decrease, reflecting your lower risk to insurers.
| Drive Age | Good Driver | Recent Accident | Poor Credit |
| 17 | $10,013 | $14,725 | $17,164 |
| 18 | $9,316 | $13,695 | $16,029 |
| 19 | $8,212 | $12,096 | $14,147 |
| 20 | $7,192 | $10,551 | $12,332 |
| 21 | $6,026 | $8,887 | $10,323 |
| 22 | $5,892 | $8,600 | $10,069 |
| 23 | $5,123 | $7,559 | $8,845 |
| 24 | $4,900 | $7,138 | $8,402 |
| 25 | $4,223 | $6,204 | $7,228 |
| 30 | $3,282 | $4,815 | $5,642 |
| 35 | $3,111 | $4,518 | $5,300 |
| 40 | $2,960 | $4,338 | $5,076 |
| 45 | $2,917 | $4,232 | $4,953 |
| 55 | $2,653 | $3,843 | $4,496 |
| 65 | $2,726 | $4,005 | $4,724 |
| 75 | $3,446 | $5,100 | $5,964 |
Tesla Model 3 Car Insurance Rates By State
Where you live plays a major role in how insurance companies determine your rates. Each state has its own auto insurance regulations—for instance, drivers in Michigan often pay higher premiums due to the state’s requirement for more extensive coverage. Climate also matters, as areas prone to extreme weather events like hurricanes, flooding, or severe storms may see increased insurance costs.
In addition, local statistics on crime, accidents, car thefts, and traffic fatalities all influence your premium. Insurance companies take all of these location-based factors into account when calculating the cost to insure your Tesla Model 3.
| State | Good Driver | Recent Accident | Poor Credit |
| Alabama | $3,113 | $4,532 | $5,799 |
| Alaska | $2,559 | $3,569 | $3,463 |
| Arizona | $2,934 | $4,209 | $6,257 |
| Arkansas | $3,236 | $5,070 | $5,537 |
| California | $3,590 | $6,315 | $3,587 |
| Colorado | $3,329 | $4,678 | $5,936 |
| Connecticut | $4,246 | $6,632 | $8,386 |
| Delaware | $3,503 | $4,710 | $6,019 |
| Florida | $4,191 | $5,792 | $7,576 |
| Hawaii | $1,364 | $1,847 | $1,362 |
| Idaho | $2,359 | $3,137 | $3,814 |
| Illinois | $2,487 | $3,762 | $4,328 |
| Indiana | $2,587 | $3,864 | $4,377 |
| Iowa | $2,029 | $2,738 | $3,257 |
| Kansas | $2,689 | $3,922 | $4,603 |
| Kentucky | $3,916 | $5,749 | $6,702 |
| Louisiana | $5,008 | $7,540 | $8,205 |
| Maine | $1,933 | $2,603 | $3,855 |
| Maryland | $3,011 | $4,408 | $4,952 |
| Massachusetts | $2,462 | $4,290 | $2,497 |
| Michigan | $5,893 | $9,022 | $14,226 |
| Minnesota | $2,398 | $3,215 | $4,599 |
| Mississippi | $2,939 | $4,206 | $4,194 |
| Missouri | $2,758 | $3,974 | $5,190 |
| Montana | $2,811 | $3,960 | $4,581 |
| Nebraska | $2,357 | $3,518 | $3,853 |
| Nevada | $3,946 | $5,820 | $6,177 |
| New Hampshire | $2,735 | $4,315 | $5,436 |
| New Jersey | $3,024 | $4,684 | $6,208 |
| New Mexico | $3,085 | $4,542 | $4,743 |
| New York | $2,886 | $3,599 | $5,977 |
| North Carolina | $1,749 | $2,997 | $2,178 |
| North Dakota | $2,413 | $3,670 | $4,320 |
| Ohio | $2,195 | $3,296 | $3,412 |
| Oklahoma | $3,423 | $4,911 | $5,527 |
| Oregon | $3,117 | $4,203 | $5,018 |
| Pennsylvania | $2,664 | $3,842 | $4,516 |
| Rhode Island | $4,408 | $6,461 | $7,297 |
| South Carolina | $3,002 | $4,117 | $5,698 |
| South Dakota | $2,681 | $3,854 | $4,458 |
| Tennessee | $3,172 | $4,641 | $6,173 |
| Texas | $3,182 | $4,610 | $5,718 |
| Utah | $2,683 | $3,791 | $5,194 |
| Vermont | $2,078 | $3,173 | $3,395 |
| Virginia | $1,948 | $2,986 | $2,955 |
| Washington | $2,611 | $3,534 | $4,173 |
| West Virginia | $2,613 | $3,716 | $4,705 |
| Wisconsin | $2,596 | $4,072 | $4,594 |
| Wyoming | $2,421 | $3,402 | $3,621 |
| Georgia | $3,394 | $5,121 | $5,172 |
Find Affordable Tesla Model 3 Insurance Rates
Cheapest Car Insurance Companies For A Tesla Model 3
The table above lists five of the most affordable car insurance providers for a 2025 Tesla Model 3, with estimated annual and monthly premiums. USAA offers the lowest estimated rate at $1,350 per year, or around $113 monthly, though eligibility is limited to military members and their families. State Farm is one of the best options for the general public, with an annual premium of about $1,390 or $116 per month. Nationwide and Travelers follow closely, with premiums near $1,670 to $1,710 per year, equating to $139 to $143 monthly. GEICO, while slightly more expensive at $2,210 annually, may offer discounts that could bring the cost down. These figures are estimates based on standard profiles and may vary depending on personal factors like driving history, location, and the coverage selected.
| Insurance Company | Average Monthly |
| Nationwide | $139 |
| USAA | $113 |
| Travelers | $143 |
| State Farm | $116 |
| GEICO | $184 |
Common Tesla Model 3 Insurance Discounts
Discounts are a great way to lower your car insurance costs. While each auto insurance provider offers different discounts, here are some common ones you might be eligible for:
-
Multi-policy discount: Bundle your home and auto insurance with the same provider to receive a lower rate.
-
Pay annually: Paying your premium in one lump sum instead of monthly can result in savings.
-
Defensive driving: Taking a certified defensive driving course can make you eligible for a discount.
-
Other discounts: There may be additional discounts based on your driving history, vehicle safety features, or even your profession.
To make sure you’re getting the best deal, talk to your insurance agent to see which discounts apply to you.
Compare Tesla Model 3 To Other Tesla Models
Looking for other Tesla model insurance costs?
Our Methodology
To calculate average car insurance costs, Insuranceopedia gathered data from thousands of quotes provided by leading auto insurance companies. The sample used was for a 40-year-old male driver purchasing full-coverage insurance with the following coverage limits: $100,000 for property damage liability, $100,000 for bodily injury liability, and a $1,000 deductible. However, it is important to note that these figures may differ from your personal results, as the final cost of your insurance will depend on your individual factors, such as age, driving history, location, and the specifics of the coverage you choose.
Quotes Analyzed
Brands Reviewed
Brands Reviewed
Years Of Experience
FAQs
Do You Need Insurance Before You Can Purchase A Tesla Model 3?
Yes, you will need to provide proof of insurance before you can drive your Tesla Model 3 off the dealership lot. It’s best to purchase a policy in advance and then inform your insurance company that you’re about to buy your car. This way, you can avoid getting insurance through the dealership and ensure that you’re fully covered when you drive off.
How Can You Get The Cheapest Insurance For Your Tesla Model 3?
The best way to find the cheapest rates for your Tesla Model 3 is by shopping around and comparing quotes from different auto insurance companies. Fortunately, Insuranceopedia allows you to compare quotes from multiple providers, helping you find the best deal for your specific needs directly on our website.
