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.

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Updated: 24 May 2025
Written by Bob Phillips
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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

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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

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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.

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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.

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