Tesla Model 3 insurance costs change based on model year, with 2025 models averaging $284 monthly compared to $79 for older versions. Newer vehicles cost more to insure because they have higher market values.
Tesla Model 3 Insurance Cost
Updated: January 18, 2026
Key Takeaways
Travelers offers the cheapest full coverage Tesla Model 3 insurance at $169 monthly, while GEICO has the cheapest minimum coverage at $89 per month. Costs vary widely by model year and insurer. Read more
The Model 3 ranks 131st out of 199 sedans for insurance affordability, making it middle-tier among sedans. Read more
Your Model 3's specific model year determines the most accurate insurance rates, especially if you're adding a teen driver to your policy, as that driver will impact costs. Read more
How Much Is Tesla Model 3 Insurance?
Looking for another Tesla model? Read more about the cost of Tesla car insurance models.
Insurance rates depend on model year and insurer. Tesla Model 3 minimum coverage costs range from $89 monthly with GEICO to $172 with Farmers, while full coverage spans $169 monthly with Travelers to $348 with AIG.
Rate variations (more than $83 for minimum coverage and $179 for full coverage) highlight why comparing insurers matters for Tesla Model 3 owners. Each company calculates model-specific risk differently, which impacts your final rate.
| 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 |
Is Tesla Model 3 Expensive to Insure?
MoneyGeek's analysis of 199 sedans shows the Tesla Model 3 ranking 131st for insurance affordability, placing it in the middle tier with 130 cheaper options available. It costs a few dollars more per month than a Cadillac XTS and runs slightly cheaper than a Lexus IS, positioning it as moderately priced among similar vehicles. This sedan-specific ranking gives you a solid comparison point when shopping for coverage.
That's middle of the pack, but sedans are expensive to insure overall. The Model 3's 555th place out of 827 total vehicles puts it among the pricier two-thirds of all cars for insurance costs. The Saturn S-Series claims the cheapest sedan spot, while the Cadillac CTS-V commands the highest premiums in this category.
| BMW 4-series | $154 | 128 |
| Volvo S60 | $154 | 128 |
| Toyota Prius | $157 | 129 |
| Cadillac XTS | $157 | 130 |
| Tesla Model 3 | $157 | 131 |
| Lexus IS | $157 | 132 |
| Toyota Crown | $159 | 133 |
| Jaguar XJ | $159 | 133 |
| Mercedes CLA | $162 | 134 |
| Cadillac CT6 | $162 | 134 |
Several factors affect what you'll pay for Tesla Model 3 insurance:
- Average Repair or Replacement Costs: Tesla's most affordable model to maintain, the Model 3 averages just $825 in annual repair costs. This makes it the cheapest option among Tesla's six models for ongoing maintenance expenses.
- Vehicle Trim, Features and Accessories: Horsepower ranges from 283 to 450, depending on your trim choice, directly impacting insurance premiums. Performance and Plaid variants cost more due to their extreme power output and enhanced capabilities.
- Driver Profile:Â Most Model 3 owners fall between 30 and 45 years old, with a median age of around 36, and have higher incomes that reduce risk. However, the vehicle's performance reputation attracts behaviors that concern insurers. Read more about the costs of Tesla Model 3s for young drivers.
Tesla Model 3 Insurance Cost by State
Tesla Model 3 insurance costs range from just $42 monthly in Wyoming to $205 in Louisiana for minimum coverage, depending on where you're located. These dramatic differences stem from your state's risk characteristics and insurance regulations, not the vehicle itself.
| 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 Costs by Model Year and Insurance Company
A 2025 Tesla Model 3 costs drivers aged 35 to 55 an average of $308 per month for full coverage, while a 2017 model costs just $217 per month. This demonstrates how newer car models tend to be much more expensive to insure than older ones. Insurance costs for your Tesla Model 3 may change greatly depending on your model year and the age of the drivers on your policy, with young drivers in their teens and early twenties paying much more.
Nationwide is the cheapest insurer across all model years and could save certain drivers hundreds of dollars per month versus the average rate. Shopping between insurers will give you the opportunity to save on your Tesla Model 3 insurance costs.
Older models (2017 to 2020):
Cost of Car Insurance for 2025 Tesla Model 3
| Geico | $113 | $246 |
| National General | $114 | $234 |
| Travelers | $117 | $217 |
| Nationwide | $121 | $211 |
| Kemper | $126 | $259 |
| State Farm | $127 | $267 |
| Progressive | $136 | $253 |
| Allstate | $162 | $314 |
| AAA | $167 | $347 |
| Chubb | $173 | $348 |
| UAIC | $177 | $223 |
| Amica | $184 | $378 |
| AIG | $189 | $471 |
| The Hartford | $241 | $412 |
| Farmers | $249 | $439 |
Cost of Car Insurance for 2024 Tesla Model 3
| Geico | $96 | $209 |
| National General | $96 | $198 |
| Travelers | $99 | $183 |
| Nationwide | $103 | $178 |
| Kemper | $107 | $220 |
| State Farm | $107 | $226 |
| Progressive | $115 | $215 |
| Allstate | $137 | $266 |
| AAA | $141 | $294 |
| Chubb | $146 | $295 |
| UAIC | $150 | $189 |
| Amica | $156 | $321 |
| AIG | $160 | $399 |
| The Hartford | $205 | $349 |
| Farmers | $211 | $372 |
Cost of Car Insurance for 2023 Tesla Model 3
| Geico | $75 | $164 |
| National General | $76 | $155 |
| Travelers | $78 | $144 |
| Nationwide | $80 | $140 |
| Kemper | $84 | $172 |
| State Farm | $84 | $177 |
| Progressive | $90 | $168 |
| Allstate | $107 | $208 |
| AAA | $111 | $230 |
| Chubb | $115 | $231 |
| UAIC | $117 | $148 |
| Amica | $122 | $251 |
| AIG | $125 | $313 |
| The Hartford | $160 | $273 |
| Farmers | $165 | $292 |
Cost of Car Insurance for 2022 Tesla Model 3
| Geico | $68 | $147 |
| National General | $68 | $139 |
| Travelers | $70 | $129 |
| Nationwide | $72 | $125 |
| Kemper | $75 | $155 |
| State Farm | $75 | $159 |
| Progressive | $81 | $151 |
| Allstate | $96 | $187 |
| AAA | $99 | $207 |
| Chubb | $103 | $208 |
| UAIC | $105 | $133 |
| Amica | $110 | $225 |
| AIG | $112 | $281 |
| The Hartford | $144 | $245 |
| Farmers | $148 | $262 |
Cost of Car Insurance for 2021 Tesla Model 3
| National General | $89 | $182 |
| Geico | $102 | $221 |
| Travelers | $106 | $196 |
| State Farm | $107 | $223 |
| The Hartford | $113 | $193 |
| Nationwide | $120 | $209 |
| Kemper | $125 | $258 |
| Allstate | $127 | $247 |
| Progressive | $128 | $240 |
| AAA | $133 | $276 |
| Chubb | $138 | $276 |
| Amica | $139 | $287 |
| UAIC | $151 | $190 |
| AIG | $153 | $381 |
| Farmers | $180 | $318 |
Cost of Car Insurance for 2020 Tesla Model 3
| National General | $82 | $167 |
| Geico | $93 | $203 |
| Travelers | $98 | $180 |
| State Farm | $98 | $205 |
| The Hartford | $104 | $177 |
| Nationwide | $111 | $192 |
| Kemper | $115 | $238 |
| Allstate | $117 | $227 |
| Progressive | $117 | $221 |
| AAA | $123 | $254 |
| Chubb | $127 | $254 |
| Amica | $128 | $263 |
| UAIC | $139 | $174 |
| AIG | $141 | $350 |
| Farmers | $165 | $292 |
Cost of Car Insurance for 2019 Tesla Model 3
| National General | $66 | $135 |
| State Farm | $77 | $161 |
| Geico | $83 | $181 |
| Travelers | $85 | $157 |
| Progressive | $93 | $174 |
| Nationwide | $104 | $181 |
| AAA | $108 | $226 |
| Chubb | $110 | $221 |
| UAIC | $111 | $141 |
| Kemper | $112 | $241 |
| Amica | $115 | $237 |
| Allstate | $118 | $230 |
| AIG | $126 | $319 |
| The Hartford | $136 | $232 |
| Farmers | $142 | $247 |
Cost of Car Insurance for 2018 Tesla Model 3
| National General | $80 | $164 |
| Geico | $97 | $210 |
| Travelers | $98 | $180 |
| State Farm | $99 | $207 |
| Nationwide | $115 | $200 |
| Amica | $125 | $257 |
| Chubb | $127 | $253 |
| Kemper | $131 | $269 |
| Progressive | $133 | $249 |
| AAA | $134 | $279 |
| Allstate | $144 | $279 |
| AIG | $144 | $356 |
| UAIC | $165 | $206 |
| Farmers | $177 | $310 |
| The Hartford | $211 | $360 |
Cost of Car Insurance for 2017 Tesla Model 3
| National General | $69 | $141 |
| Geico | $83 | $181 |
| Travelers | $84 | $155 |
| State Farm | $86 | $178 |
| Nationwide | $99 | $172 |
| Amica | $108 | $221 |
| Chubb | $109 | $218 |
| Kemper | $113 | $232 |
| Progressive | $115 | $215 |
| AAA | $116 | $240 |
| Allstate | $124 | $240 |
| AIG | $124 | $306 |
| UAIC | $142 | $178 |
| Farmers | $152 | $267 |
| The Hartford | $182 | $310 |
Tesla Model 3 Insurance Cost by Trim
Insurance costs for your Tesla Model 3 vary by trim, from $284 monthly for full coverage on Performance variants to $79 for minimum coverage on Standard Sedan 4d models. Performance features and market value determine where each trim falls in this range.
| 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 |
How to Lower the Cost of Tesla Model 3 Insurance
We've compiled proven strategies to help you find better Tesla Model 3 insurance rates:
- 1Choose the right coverage
You'll need to figure out how much coverage to buy for your Tesla Model 3. Own your vehicle? Get your state's minimum liability requirements plus comprehensive and collision with a $1,000 deductible to lower premiums. Want enhanced protection? Consider 100/300/100 liability coverage with comprehensive and collision at a $500 deductible. Financing or leasing requires 100/300/100 liability limits, comprehensive and collision with a $500 deductible, plus gap insurance.
- 2Research costs and cheap companies
Learn what you should pay by reviewing average auto insurance costs for performance sedans. This benchmark assists with shopping for the cheapest car insurance companies with competitive rates. Understanding typical costs for Tesla Model 3 insurance helps you identify genuinely good deals versus overpriced policies.
- 3Look for more than just low rates
Finding quality car insurance means evaluating insurers beyond their quotes. Check J.D. Power satisfaction ratings, examine forum feedback on claims processing, review Better Business Bureau complaints and confirm AM Best financial stability. Budget insurers might offer limited coverage or slower service, especially important for Tesla owners in tech hubs like Austin who need reliable protection.
- 4Explore discounts you qualify for
Discover car insurance discounts that apply to your situation. Tesla Model 3 owners qualify for safety features discounts, good driver rewards, bundling savings and low mileage reductions. Many insurers offer electric vehicle discounts specifically for Tesla drivers, particularly valuable for commuters in areas like Denver where green vehicle incentives are popular.
- 5Consider alternative car insurance types
Tesla Model 3 owners might benefit from usage-based insurance programs such as Progressive Snapshot or Allstate Drivewise that track safe driving and deliver premium reductions. These telematics options work well for Tesla drivers who already embrace technology and want personalized rates based on actual driving habits rather than traditional rating factors.
- 6Check rates every year
Obtain car insurance quotes from multiple companies annually. Your insurer doesn't notify you when competitors lower prices, so yearly comparisons could save up to 24% on your Tesla Model 3 insurance. Rate changes happen frequently in competitive markets like Miami, making regular shopping essential for maintaining the best deal on your electric vehicle coverage.
Tesla Model 3 Insurance Cost: Bottom Line
Tesla Model 3 insurance runs above average in cost, but you can still secure decent rates. Compare quotes from multiple insurers and maximize available discounts to find your best pricing.
Tesla Model 3 Insurance Rates: FAQ
What is the average cost of car insurance for a Tesla Model 3?
Tesla Model 3 insurance costs average $1,281 annually for state minimum coverage and $2,495 for full coverage. Monthly premiums run $107 for minimum and $208 for comprehensive protection.
What company has the cheapest car insurance for a Tesla Model 3?
Geico provides the most affordable minimum coverage for a Tesla Model 3 at $1,070 annually. Travelers offers the best value for full coverage policies at $2,034 per year.
Are Tesla Model 3s expensive to insure?
No, Tesla Model 3 insurance is not more expensive than most vehicles. Among sedans, this model places 131st out of 199 for affordability, while ranking 555th out of 827 total vehicles we track.
What factors affect insurance costs for Tesla Model 3s?
Multiple factors influence Tesla Model 3 insurance premiums. High repair costs from specialized electric vehicle parts and advanced technology increase rates, though safety features help reduce accident risk. Your driving record, credit score, and chosen coverage levels impact your final premium costs.
How can I lower Tesla Model 3 insurance costs?
Compare quotes from several insurers since Tesla Model 3 pricing differs between companies, and explore usage-based programs that monitor safe driving. Maximize available discounts, bundle policies and keep your driving record clean to secure better rates.
How We Determined Tesla Model 3 Insurance Costs
We analyzed hundreds of millions of quote estimates for U.S. vehicle models from 2000 to 2025 to provide the most accurate Tesla Model 3 insurance costs.
Who We Based These Rates On
These Tesla Model 3 rates reflect what an average 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. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in 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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.