Tesla Model 3 insurance costs $107 monthly for minimum coverage and $208 for full coverage. Depending on trim and model year, monthly costs range from $75 to $307.
Tesla Model 3 Insurance Cost
Updated: September 9, 2025
Key Takeaways
Tesla Model 3 insurance rates range from $75 to $307 per month, depending on trim and model year.
Tesla Model 3 insurance affordability ranks 468th out of 707 vehicles sold in the United States from 2000 to 2025.
Travelers offers the cheapest full coverage car insurance for a Tesla Model 3 at $169 monthly. GEICO has the lowest rate ($89) for minimum coverage.
How Much Is Tesla Model 3 Insurance?
| Tesla Model 3 | $107 | $208 |
Tesla Model 3 Insurance Cost by Model Year
Tesla Model 3 rates increase with newer model years due to higher vehicle values. Annual costs range from $83 to $272 monthly across model years.
| 2025 | $140 | $272 |
| 2024 | $119 | $231 |
| 2023 | $93 | $181 |
| 2022 | $83 | $162 |
| 2021 | $118 | $230 |
| 2020 | $108 | $212 |
| 2019 | $96 | $188 |
| 2018 | $118 | $228 |
| 2017 | $101 | $197 |
Tesla Model 3 Insurance Cost by Trim
Tesla Model 3 trim levels affect insurance rates based on features, performance capabilities and market value. Premium trims like Performance models cost more to insure than Standard models.
| Standard Sedan 4d | $79 | $153 |
| Standard Range Plus Sedan 4d | $97 | $188 |
| Standard Range Sedan 4d | $101 | $196 |
| Mid Range Sedan 4d | $101 | $197 |
| Model 3 | $101 | $197 |
| Long Range Sedan 4d | $106 | $207 |
| Performance Sedan 4d | $110 | $214 |
| Model 3 Long Range | $121 | $235 |
| Model 3 Performance | $146 | $284 |
Compare Personalized Tesla Model 3 Insurance Costs
Use the filterable table below to determine Tesla Model 3 insurance costs by model year and trim.
Data filtered by:Results filtered by:
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Model Year:2017
Select
Trim:Long Range Sedan 4d
| Long Range Sedan 4d | $100 | $194 |
Tesla Model 3 Insurance Cost by Company
Tesla Model 3 insurance costs vary by provider from $89 to $348 monthly. Minimum coverage ranges from $89 to $172, while full coverage costs $169 to $348. Rates vary due to different risk assessment models.
| AAA | $123 | $256 |
| AIG | $139 | $348 |
| Allstate | $124 | $240 |
| Amica | $130 | $266 |
| Chubb | $125 | $251 |
| Farmers | $172 | $303 |
| GEICO | $89 | $194 |
| Kemper | $109 | $227 |
| Nationwide | $103 | $178 |
| Progressive | $110 | $206 |
| State Farm | $94 | $196 |
| The Hartford | $159 | $270 |
| Travelers | $92 | $169 |
| UAIC | $136 | $172 |
Tesla Model 3 Insurance Cost by State
Tesla Model 3 insurance varies by state, from $42 monthly in Wyoming to $428 in Louisiana. State regulations, weather risks and accident statistics affect these rates.
| Alabama | $95 | $180 |
| Alaska | $78 | $164 |
| Arizona | $128 | $238 |
| Arkansas | $92 | $204 |
| California | $104 | $209 |
| Colorado | $100 | $240 |
| Connecticut | $140 | $240 |
| Delaware | $132 | $222 |
| Florida | $120 | $282 |
| Georgia | $139 | $234 |
| Hawaii | $54 | $123 |
| Idaho | $57 | $116 |
| Illinois | $101 | $190 |
| Indiana | $68 | $133 |
| Iowa | $65 | $156 |
| Kansas | $78 | $182 |
| Kentucky | $122 | $209 |
| Louisiana | $205 | $428 |
| Maine | $57 | $119 |
| Maryland | $158 | $267 |
| Massachusetts | $108 | $230 |
| Michigan | $171 | $328 |
| Minnesota | $90 | $188 |
| Mississippi | $109 | $212 |
| Missouri | $139 | $273 |
| Montana | $87 | $208 |
| Nebraska | $76 | $175 |
| Nevada | $165 | $301 |
| New Hampshire | $78 | $139 |
| New Jersey | $168 | $279 |
| New Mexico | $88 | $197 |
| New York | $120 | $215 |
| North Carolina | $80 | $157 |
| North Dakota | $68 | $150 |
| Ohio | $80 | $156 |
| Oklahoma | $98 | $219 |
| Oregon | $111 | $193 |
| Pennsylvania | $102 | $237 |
| Rhode Island | $132 | $236 |
| South Carolina | $102 | $191 |
| South Dakota | $61 | $188 |
| Tennessee | $84 | $170 |
| Texas | $125 | $255 |
| Utah | $104 | $178 |
| Vermont | $55 | $129 |
| Virginia | $104 | $166 |
| Washington | $92 | $172 |
| West Virginia | $98 | $197 |
| Wisconsin | $72 | $159 |
| Wyoming | $42 | $132 |
Tesla Model 3 Insurance Cost by Driver Profile
Driver age and record affect Tesla Model 3 insurance rates. Young drivers under 25 pay up to $528 monthly, while adults 26 to 64 with clean records pay as low as $107 monthly.
| Adult Drivers | $107 | $208 |
| Young Drivers | $274 | $528 |
| Senior Drivers | $142 | $262 |
| Drivers With a Speeding Ticket | $133 | $262 |
| Drivers With an Accident | $158 | $305 |
| Drivers With a DUI | $199 | $381 |
| Drivers With Bad Credit | $258 | $519 |
Is a Tesla Model 3 Expensive to Insure?
You might be concerned about Tesla insurance costs given the vehicle's luxury status. Compared to the rest of the models on the U.S. market, a Tesla Model 3 ranks 468th out of 707, making it one of the more expensive cars to insure. Among midsize luxury sedans, the model ranks 28th out of 47.
| Alfa Romeo Giulia | $61 | $120 |
| Cadillac Seville | $62 | $119 |
| Infiniti I | $64 | $124 |
| Lincoln LS | $68 | $132 |
| Buick Regal | $71 | $136 |
| Volvo S80 | $78 | $151 |
| Volkswagen Phaeton | $78 | $151 |
| Lincoln MKZ | $79 | $153 |
| Acura TL | $80 | $154 |
| Buick Lacrosse | $83 | $160 |
| Infiniti G-Series | $83 | $160 |
| Infiniti M | $85 | $165 |
| Mercedes C-Class | $85 | $166 |
| Mercedes E-Class | $87 | $170 |
| Buick Regal Tour X | $88 | $171 |
| Lincoln Continental | $88 | $172 |
| Buick Regal Sportback | $88 | $171 |
| Audi A6 | $90 | $176 |
| BMW 3-series | $91 | $176 |
| Lexus GS | $91 | $177 |
| Infiniti Q40 | $93 | $181 |
| Audi A5 | $94 | $184 |
| Cadillac CTS | $96 | $187 |
| BMW 5-series | $97 | $188 |
| Lexus ES | $97 | $189 |
| Acura RLX | $104 | $203 |
| Volvo S60 | $105 | $204 |
| Tesla Model 3 | $107 | $208 |
| Genesis G80 | $111 | $216 |
| Audi S6 | $111 | $218 |
| Acura TLX | $112 | $218 |
| Mercedes CLS | $116 | $227 |
| Infiniti Q70 | $118 | $229 |
| Cadillac CT5 | $118 | $231 |
| Audi S7 | $124 | $244 |
| Jaguar XF | $125 | $242 |
| Mercedes EQE | $124 | $243 |
| Cadillac STS | $126 | $244 |
| Audi A7 | $128 | $250 |
| BMW i4 | $130 | $254 |
| BMW M5 | $132 | $259 |
| BMW 6-series | $137 | $267 |
| Volvo S90 | $138 | $269 |
| Audi RS 7 | $150 | $295 |
| Maserati Ghibli | $184 | $362 |
| Cadillac CT5-V | $247 | $482 |
| Cadillac CTS-V | $276 | $538 |
Factors That Affect Tesla Car Insurance Costs
A few things drive up your Tesla insurance costs:
- Age (47 to 51 median): Middle-aged drivers receive lower rates than younger buyers.
- Gender (84% male): Male ownership correlates with higher risk-taking behaviors.
- Income ($128,000 to $134,000): Higher credit scores reduce premiums, though wealth enables riskier vehicle purchases.
- Accident Rate: Tesla owners lead all brands with about 24 accidents per 1,000 drivers.
- Home Ownership (56%): Below-average ownership rates indicate higher mobility risk.
Average Repair or Replacement Costs
Tesla ranks 22nd in repair affordability among 59 U.S. automakers with median annual costs of $1,034. Tesla Model 3 repair costs average $787 annually, making it Tesla's most affordable model to repair while still contributing to higher insurance premiums.
Vehicle Trim, Features and Accessories
The Tesla Model 3's high-performance capabilities (271 to 425 horsepower, 0 to 60 mph in 4.6 seconds) increase insurance premiums. Higher trim levels like Long Range cost more to insure due to advanced features, specialized parts and higher replacement values.
Fuel Type
Tesla Model 3s cost more to insure because they run on batteries instead of gas. When something breaks, you can't just take it to any mechanic. You need someone who knows electric cars.
Not many shops can work on Teslas yet. The ones that do charge more because they need special tools and training. Plus, Tesla parts cost more than regular car parts. Insurance companies know this, so they charge Tesla owners higher rates to cover these expensive repairs.
Location
Tesla Model 3 owners are concentrated in California and wealthy ZIP codes (55% in top 10% wealthiest areas), where regional rates vary. Location affects rates through state regulations, weather risks, crime rates, and accident statistics. Limited repair shop availability and specialized parts in certain regions increase insurance costs due to higher repair expenses.
Driver Profile
Most Tesla Model 3 drivers are middle-aged (47 to 51) males with incomes of $128,000 to $134,000. This demographic receives lower rates due to higher credit scores, though Tesla owners have high accident rates (around 24 per 1,000 drivers).
Driver demographics affect Tesla Model 3 rates:
Cheapest Tesla Model 3 Insurance Companies
For Tesla Model 3 car insurance, you can expect the cheapest full coverage car insurance to come from Travelers who has an average monthly rate of $169. For the lowest cost minimum car insurance policies for a Model 3, GEICO is the most affordable with average premiums of $89 monthly.
| Travelers | $92 | $169 |
| GEICO | $89 | $194 |
| Nationwide | $103 | $178 |
| State Farm | $94 | $196 |
| UAIC | $136 | $172 |
Cheapest Tesla Model 3 Insurance by State
We found that the following are the top three cheapest car insurance providers in the state for a Tesla Model 3:
- Travelers: Wins for affordability in nine states
- State Farm: Wins for affordability in five states
- Auto-Owners, Farm Bureau and American National: Each wins for affordability in four states
Filter the table below to see who offers the lowest auto insurance rates for your vehicle.
Data filtered by:Results filtered by:
Select
State:
| Alabama | COUNTRY Financial | $76 |
| Alaska | Allstate | $72 |
| Arizona | Travelers | $86 |
| Arkansas | Travelers | $69 |
| California | State Farm | $67 |
| Colorado | American National | $44 |
| Connecticut | Kemper | $83 |
| Delaware | Nationwide | $101 |
| Florida | State Farm | $85 |
| Georgia | Auto-Owners | $91 |
| Hawaii | Farmers | $54 |
| Idaho | American National | $32 |
| Illinois | AAA | $78 |
| Indiana | Hastings | $44 |
| Iowa | Travelers | $51 |
| Kansas | Travelers | $59 |
| Kentucky | Travelers | $72 |
| Louisiana | Farm Bureau | $144 |
| Maine | Auto-Owners | $43 |
| Maryland | GEICO | $101 |
| Massachusetts | Plymouth Rock | $65 |
| Michigan | Travelers | $68 |
| Minnesota | Auto-Owners | $55 |
| Mississippi | Farm Bureau | $67 |
| Missouri | Travelers | $76 |
| Montana | State Farm | $35 |
| Nebraska | FMNE | $37 |
| Nevada | COUNTRY Financial | $116 |
| New Hampshire | Auto-Owners | $61 |
| New Jersey | NJM | $89 |
| New Mexico | Central | $48 |
| New York | Kemper | $63 |
| North Carolina | Progressive | $50 |
| North Dakota | American Family | $36 |
| Ohio | Nationwide | $63 |
| Oklahoma | American Farmers & Ranchers | $64 |
| Oregon | COUNTRY Financial | $63 |
| Pennsylvania | Travelers | $42 |
| Rhode Island | State Farm | $71 |
| South Carolina | American National | $40 |
| South Dakota | FMNE | $28 |
| Tennessee | Farm Bureau | $51 |
| Texas | State Farm | $77 |
| Utah | GEICO | $77 |
| Vermont | Union | $21 |
| Virginia | Farm Bureau | $46 |
| Washington | American Family | $80 |
| West Virginia | Westfield | $57 |
| Wisconsin | Travelers | $54 |
| Wyoming | American National | $19 |
How to Get the Best Cheap Tesla Model 3 Insurance
Want lower rates on your Tesla Model 3? Try these proven strategies:
- 1
Choose the right coverage
Three things matter when choosing how much coverage to buy: what your Tesla's worth, how much you drive and what you can afford to spend:
Tight budget (you own the car):
- Your state's minimum liability requirements
- Add comprehensive and collision with a $1,000 deductible
Want better protection (you own the car):
- 100/300/100 liability coverage
- Comprehensive and collision with a $500 deductible
Financing or leasing:
- 100/300/100 liability coverage
- Comprehensive and collision with a $500 deductible
- Gap insurance (most lenders require this)
*Coverage Limits Explained (100/300/100):
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage coverage
- 2
Research costs and cheap companies
Researching average auto insurance costs for your Tesla Model 3 will give you a measuring stick to understand how much you're saving currently and with another provider. Once you have this in hand, looking for the cheapest car insurance companies for you will narrow down your list to search.
- 3
Look for more than just low rates
To get the most balanced car insurance for your Tesla Model 3, check forum reviews, J.D. Power customer satisfaction scores, Better Business Bureau complaint records and AM Best financial strength ratings while comparing coverage limits and deductibles. Some low-cost insurers have slower claim processing times or limited coverage options that can leave you underinsured in an accident.
- 4
Explore discounts you qualify for
Finding car insurance discounts you'll likely qualify for will go a long way in ensuring you get the cheapest rate possible. The five discounts below are the most likely we found that Tesla owners will qualify for:
- Multi-Car/Multi-Vehicle Discount (12% to 25% savings): Tesla Model 3 owners' high incomes ($133,879 median) often mean multiple vehicles, qualifying for multi-car discounts from virtually all insurers.
- Bundling/Multi-Policy Discount (5% to 25% savings): With 97% homeownership, Tesla owners can bundle auto and home insurance for substantial savings from major carriers.
- Good Driver/Safe Driver Discount (5% to 30% savings): Tesla Model 3 owners' mature age profile (median 46 to 51 years) results in clean driving records that qualify them for good driver discounts.
- Safety Features/Advanced Safety Discount (5% to 40% savings): NHTSA gave the Model 3 five stars, and its built-in features, like automatic braking, help you avoid crashes. Lots of insurance companies will knock money off your bill for this.
- Electric Vehicle (EV) Discount (5% to 10% savings): A growing number of insurers offer EV-specific discounts, though availability remains limited compared to other discount types.
- 5
Consider alternative car insurance types
Tesla Model 3 owners should consider Tesla Insurance (where available) for vehicle-specific coverage and competitive rates, or usage-based insurance or programs like Progressive Snapshot that reward safe driving habits with lower premiums.
- 6
Check rates every year
Comparing car insurance quotes from multiple sources can cut your Tesla Model 3 insurance by up to 24%. Your best deal today might not exist next year, so make comparing rates an annual habit.
Tesla Model 3 Insurance Cost: Bottom Line
Insuring a Tesla Model 3 costs more than average, but you can still find decent rates. Shop multiple companies, look into discounts and consider different coverage options to get the best insurance rate for your car.
Tesla Model 3 Insurance Rates: FAQ
Get answers to common questions about insuring a Tesla Model 3:
What is the average cost of car insurance for a Tesla Model 3?
The Tesla Model 3's average annual insurance cost is $1,281 for minimum coverage and $2,495 for full coverage. This pricing ranges from $894 to $3,680, depending on vehicle details and coverage level.
What company has the cheapest car insurance for a Tesla Model 3?
GEICO offers the cheapest minimum coverage auto insurance for a Tesla Model 3, with an annual minimum coverage rate of $1,070. For those looking for full coverage policies, Travelers is the most cost-effective option at $2,034 per year.
Are Tesla Model 3s expensive to insure?
Yes, Tesla Model 3 insurance costs more than most cars. Out of 707 vehicles we track, the Model 3 ranks 468th for affordability. Among midsize luxury sedans, this model sits at 28th out of 47.
What factors affect insurance costs for Tesla Model 3s?
Several things drive up your Tesla Model 3 rates. Repairs cost more because of specialized parts and the aluminum body. Your driving record and credit score, plus the coverage you pick, play a big role. Where you live affects rates, too. Areas with more theft or fewer Tesla-certified repair shops cost more.
The good news? Some insurers offer discounts on Tesla's safety tech, such as Autopilot.
How can I lower Tesla Model 3 insurance costs?
Shop around with multiple insurers as rates vary for Teslas, and consider usage-based insurance programs that track your driving habits. Take advantage of Tesla's safety features (Autopilot, collision avoidance) when discussing discounts, bundle with other policies and maintain a clean driving record to qualify for the lowest premiums.
How We Determined Tesla Model 3 Insurance Costs
We studied hundreds of millions of quote estimates across all U.S. models sold in the U.S. from 2000 to 2025 to get you the most accurate Tesla Model 3 insurance costs.
Who We Based These Rates On
These Tesla Model 3 prices reflect what a typical driver pays:
- Age 40, unmarried male
- Clean record: no tickets or crashes
- Credit score in a good range
- Has never made an insurance claim
- Puts about 12,000 miles on the odometer yearly
- Has a valid driver's license with no suspensions on record
Coverage Definitions:
- Minimum Coverage: State-required liability limits
- Full Coverage: 100/300/100 liability + comprehensive/collision with $1,000 deductibles
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- Hedges & Company. "Tesla Owner Demographics: Income, Age, Gender and More." Accessed September 17, 2025.